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.
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.
19.01 Insurance and welfare benefits provided in this article shall be available to employees after they have commenced their third (3rd) consecutive year of employment and who regularly work seventeen and one-half (17.5) hours or more per week.
19.02 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 employees on the active payroll of the Board:
(a) Group life insurance at 3x salary;
(b) Accidental Death and Dismemberment coverage @ 3x salary;
(c) Dental plan @ Blue Cross (9) equivalent; orthodontic @ 50%/$2,000; Fee Guide @ current-1 year; deductible @ nil;
(d) Extended health coverage: Deductible @ $10/$20 excluding semi-private & vision; Drug formulary 2; Hearing aids @ $400/5 years; paramedical R/C $500; Vision @ $300/24 months; Pay Direct; Other Health; Travel Plan.
19.03 The Board agrees that employees may direct the Board to remit to the Ontario Teachers’ Insurance Plan monies required by O.T.I.P. to enable employees to participate in a Long- Term Disability Plan. It is understood that the premium cost of Long Term Disability Insurance is to be one hundred percent (100%) paid for by the employee through payroll deduction and it is further understood that the Board assumes no responsibility for the administration of the Plan or the provision of any benefits pursuant to any insurance policy that relates to Long-Term Disability.
19.04 The Board agrees that employees who are enrolled in the benefits contained in Article 19 shall be entitled to carry those benefits, at their own cost, during the months they are not working.
19.05 The Board agrees to allow employees to enrol in the Canada Savings Plan through the payroll deduction plan.
19.06 The Board and the Union agree that the full amount of any savings, rebates or premium reductions granted by the Employment Insurance to the Employer or its employees shall accrue solely to the benefit of the Employer. The amount of savings, rebates or premium reductions shall be deemed to have been received as part of the benefits improvements negotiated and the implementation thereof.
19.07 Upon request the Board agrees to provide the Union with complete copies of the master benefit contracts covering the benefits in this Article.
Insurance and Welfare Benefits. Life Insurance Weekly Indemnity Medical Benefits 92 | Long Term Disability 94 | APPENDIX “G”
Insurance and Welfare Benefits. Life Insurance Weekly Indemnity
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
Insurance and Welfare Benefits. 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. 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. In the event of a recurring illness, an employee must have returned and been at work for a minimum of thirty days in order for any subsequent recurrence of the illness to be considered as a “new illness”. Company. The terms and conditions of the Long Term Disability Plan shall be subject to common phraseology in contract of AREA 1 Machine Shop Welding Shop Wrought Products Powder Metallurgy AREA 2 Tool Room Maintenance Inspection AREA 3 Wax Room Shipping/Receiving Metal Stores AREA 4 Foundry Rough Grind
