Insurance and Welfare Benefits Sample Clauses

Insurance and Welfare Benefits. During the shorter of (i) the Payment Period or (ii) 18 months following the date of termination (the “Coverage Period”) the Executive shall be entitled to the continuation of the same or equivalent life, health, hospitalization, dental and disability insurance coverage and other employee insurance or welfare benefits that he had received (including equivalent coverage for his spouse and dependent children) immediately prior to the Change in Control. In the event that Executive is ineligible under the terms of such insurance to continue to be so covered, the Corporation shall provide the Executive with substantially equivalent coverage through other sources. If the Executive prior to a Change in Control was receiving any cash-in-lieu payments designed to enable the Executive to obtain insurance coverage of his choosing, the Corporation shall, in addition to any other benefits to be provided under this Section 8(c)(ii)(d), provide Executive with a lump-sum payment equal to the amount of such in-lieu payments that the Executive would have been entitled to receive over the Coverage Period, no later than the Last Payment Date. The benefits to be provided under this Section 8(c)(ii)(d) shall be reduced to the extent of the receipt of substantially equivalent coverage by the Executive from any successor employer.
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Insurance and Welfare Benefits. During the payment period the Executive shall be entitled to the continuation of the same or equivalent life, health, hospitalization, dental and disability insurance coverage and other employee insurance or welfare benefits that he had received (including equivalent coverage for his spouse and dependent children) immediately prior to the Change in Control. In the event that Executive is ineligible under the terms of such insurance to continue to be so covered, the Corporation shall provide the Executive with substantially equivalent coverage through other sources or will provide Executive with a lump sum payment equal to the cost of obtaining such coverage for the payment period. If the Executive prior to a Change in Control was receiving any cash-in-lieu payments designed to enable the Executive to obtain insurance coverage of his choosing, the Corporation shall, in addition to any other benefits to be provided under this Section 5(d), provide Executive with a lump-sum payment equal to the amount of such in-lieu payments that the Executive would have been entitled to receive over the payment period. The benefits to be provided under this Section 5(d) shall be reduced to the extent of the receipt of substantially equivalent coverage by the Executive from any successor employer.
Insurance and Welfare Benefits. 16.01 The Company agrees to continue in effect, except for future changes required by Federal or Provincial legislation, the present insurance, pension, and welfare benefits as set forth in Appendix "B" attached hereto and forming part of this Agreement. The Benefit Booklet, and any amendments to it, shall be considered a part of this Agreement. The Company will pay the premiums for the current insurance and pension benefits.
Insurance and Welfare Benefits. Life Insurance Increase Every employee who has completed his probationary period and who is in the active employ of the Company shall be provided with forty thousand dollars ($40,000) Life Insurance and forty thousand dollars ($40,000) Accidental Death and Dismemberment, effective as soon possible after ratification In the event that an employee is not in the active employ of the Company at the time of his death, then the employee shall be entitled to such life insurance as was in effect as of the last date of his active employment with the Company. Weekly Indemnity Weekly Indemnity shall commence on the first day of disability due to non-occupational injury or hospitalization and the fourth day of disability due to non-occupational disease and is payable for a maximum of twenty-six (26) weeks during any one period of disability. The amount of weekly indemnity shall be seventy percent (70%) of the employee’s normal weekly earnings at the date of the commencement of this benefit. The weekly indemnity benefit shall be paid on a weekly basis. Upon receipt of notification of approval of a claim by the Insurer, the Company will immediately advance to the employee, monies equal to the employee’s weekly indemnity payments which may be in arrears. Upon receipt of weekly indemnity from the Insurer, the employee shall endorse the cheque(s) over to the Company to the extent of any advances made. The Company shall reimburse up to Twenty Five Dollars ($25) per medical form/report required for any weekly indemnity claim. Medical Benefits The Company shall enroll employees in an extended Health Care and Drug Plan, and pay One Hundred Percent (100%) of the cost of premiums for such plan for employees who have completed their probationary period. The Company will provide a Drug Card System with a deductible per prescription of $2.50, effective October 1/98. Any change in the Drug Plan coverage must be agreed by the Union. The Drug Plan also provides for prescription glasses to a maximum of two hundred and fifty-five dollars ($255.00) effective April 1, 2006, two hundred and sixty-five dollars ($265.00) effective April 2, 2007 and two hundred and seventy five dollars ($275.00) effective April 1, 2008 every two (2) years, when required for each member and for each dependent. The prescription glasses will apply to both safety glasses (when required by employees for work), as well as street glasses. In addition, the cost of eye exams will be covered to a maximum of fifty dolla...
Insurance and Welfare Benefits. 19.01 The Board will pay 90% and the CUPE employee will pay 10% of the premium costs for the new Insured Benefit Plan which shall include the following insured benefits for all eligible full- time CUPE employees on the active payroll of the Board:
Insurance and Welfare Benefits. Executive shall have the right to purchase health and dental coverage under the Company’s group policies then in effect for the Severance Period.
Insurance and Welfare Benefits. During the twenty-four (24) month period subsequent to the date of termination, the Executive shall be entitled to the continuation of the same or equivalent life, health, hospitalization, dental and disability insurance coverage and other employee insurance or welfare benefits that he had received (including equivalent coverage for his spouse and dependent children) immediately prior to the Change in Control. In the event that Executive is ineligible under the terms of such insurance to continue to be so covered, the Corporation shall provide the Executive with substantially equivalent coverage through other sources or will provide Executive with a lump sum payment equal to the cost of obtaining such coverage for the payment period.
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Insurance and Welfare Benefits. A. Any pilot assigned to fly a CRAF flight shall continue to receive full benefits as provided in each applicable Plan. Further, the war limitation will be waived and benefits will be payable in the event of claims arising out of a declared or undeclared war. Benefits under all plans shall be paid on a per capita basis with no tartrate per accident limit.
Insurance and Welfare Benefits. A. Any pilot assigned to fly a MAC flight shall continue to receive full benefits as provided in each applicable Plan. Further, the war limitation will be waived and. benefits will be payable in the event of claims arising out of a declared or undeclared war. Benefits under all plans shall be paid on a per capita basis with no aggregate per accident limit. A-1- Life Insurance A-1-a- Company Paid Life - $80,000 A-1-b- Supplemental Life up to $330,000 (Pilot Contributor) A-1-c- MAC Life - $150,000 A-2- Accidental Death and Dismemberment (AD&D) A-2-a- Company Paid - $4,000 A-2-b- Company Paid (Pilot) - $35,000 A-2-c- Supplemental (24 Hour High Limit Contributory) - Up to $300,000 A-3- MAC Death and Dismemberment - $150,000 A-4- Special Hazards Benefits - $100,000 A-5- Invalidated Life Benefit - $50,000 A-6- Personal Life Insurance Protection - Up to $1,000,000 A-7- Pilots Disability Income Benefit - 55% of Considered Compensation A-8- To the extent they are present in the Company's insurance programs, all exclusions and limitations in coverage, such as for job-related injury and criminal acts, are waived for pilots while participating in any operation conducted under the provisions of this Letter. the limitation for self inflicted injury will remain in effect.
Insurance and Welfare Benefits. Life Insurance ����� �������� ��� ��� ��������� ��� ������������ ������ ��� ��� �� �� ��� ������ ������ �� ��� ������� ����� �� ����� ��������� �������� ���� fifty �������� ������� ($50,000) ���� ��������� ����� ��������� ��� fifty �������� ������� ($50,000) ���������� ����� ��� �������������� ��������� �� ���� �������� ����� ������������ �� ��� ����� ���� �� �������� �� ��� �� ��� ������ ������ �� ��� ������� �� ��� ���� �� ��� ������ ���� ��� �������� ����� �� �������� �� ���� ���� ��������� �� ��� �� ������ �� �� ��� ���� ���� �� ��� ������ ���������� ���� ��� �������� Weekly Indemnity ������ ��������� ����� �������� �� ��� ����� ��� �� ���������� ��� �� ���������������� ������ �� ��������������� ��� ��� ������ ��� �� ���������� ��� �� ���������������� ������� ��� �� ������� ��� � ������� �� ���������� ���� ����� ������ ��� ��� ������ �� ����������� ��� ������ �� ������ ��������� ����� �� ������� ������� ����� �� ��� ���������� ������ ������ �������� �� ��� ���� �� ��� ������������ �� ���� �������� ��� ������ ��������� ������� ����� �� ���� �� � ������ ������ ���� ������� �� ������������ �� �������� �� � ����� �� ��� �������� ��� ������� ���� ����������� ������� �� ��� ��������� ������ ����� �� ��� ���������� ������ ��������� �������� ����� ��� �� �� �������� ���� ������� �� ������ ��������� ���� ��� �������� ��� �������� ����� ������� ��� ��������� ���� �� ��� ������� �� ��� ������ �� ��� �������� ����� ��� ������� ����� ��������� �� �� ������ ���� ������� ����� ��� ������� ����������� �������� ��� ��� ������ ��������� ������ �� requested shall be included on the form provided. The Company retains the right to schedule or cancel vacations in order to satisfy it’s business and production requirements.
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