INSURANCE FOR ACTIVE OFFICERS Sample Clauses

INSURANCE FOR ACTIVE OFFICERS. (CONTINUED)
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) C. Should any of the core benefit plans change during the course of this contract so that an Officer cannot opt out of an extended benefit without also opting out of the core medical benefit, then the opt-out provision will be similarly designed. D. In order to opt-out of health care benefits, an Officer must sign a waiver and show proof of core coverage elsewhere. E. An Officer who opts out of medical benefits will be eligible to reenroll during the annual open enrollment period, or to reenroll as a late entry should the Officer lose his/her outside health benefits as the result of a life event as defined by the insurance provider. F. Reentry into extended benefit plans will require a waiting period. G. An Officer who receives only extended benefits shall contribute at the six percent (6.0%) rate, with the ten percent (10%) rolling cap concept. H. In cases where the Township employs both spouses, the opt-out will not apply unless health coverage is provided by a source other than the Township.
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) 2. It is expressly understood that the Township will provide medical coverage which has substantially comparable coverage provisions to the PPO and HMO plans in effect under the 2013-2016 Collective Bargaining Agreement (as summarized in Addendum “A,B,C & D” attached to the 2013-2016 Agreement) in a High Deductible Health Plan (HDHP) format, subject to the annual deductibles and benefit enhancements contained in the HDHP as described in the Summary of Benefits and Coverages attached as Addendum “B” of this Agreement. The efforts to summarize the current medical coverage in Summary Plan Documents, which are now required in format and content by federal law, is not in any way intended to limit the ability of the FOP to identify other aspects of the new plan that may need adjustment in order to more closely provide substantially comparable coverages as those provided under the prior medical plan options. If the FOP identifies coverage adjustments perceived to be needed to provide substantially comparable coverage as provided under the prior medical plan options the Township will meet and discuss such adjustments with the FOP and if no resolution is reached the matter may be considered as any other contract interpretation matter through the grievance and arbitration procedure. 3. All Officers enrolled in any of the plans listed in Article 12.2(A) shall be enrolled in the High Deductible Health Plan (“HDHP”) effective March 1, 2017. 4. The Township shall establish and administer a Health Savings Account (“HSA”) for all Officers. The Township shall, each year, fund the HSA of each Officer with an amount equal to 75% of the annual deductible applicable to the plan in which that Officer participates during that year (e.g., if the Officer has single coverage but during that year is entitled to multiple person coverage, the HSA for that Officer shall be subject to an additional employer contribution so as to bring the funding to 75% of the deductible applicable to a multiple person plan). The Officer will be responsible for funding the remaining portion of the annual deductible after the Township’s funding of the HSA, and may fund that responsibility by making contributions to their HSA. Officers may also make additional contributions to their HSA up to the annual limit allowed by law. 5. All Officers enrolled in the High Deductible Health Plan shall be eligible to receive infertility benefits, as set forth in Addendum “B”. 6. All Officers shall also be ...
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INSURANCE FOR ACTIVE OFFICERS. The Township will request that the PBM include at least one preferred brand name drug in each therapeutic group; that is, medications whose purpose is to treat a particular condition.
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) D. Effective March 1, 2017: Dependents may remain enrolled in integrated medical/prescription, dental and vision coverage until midnight of their 26th birthday. Dependents previously removed from dental and vision coverage due to non-full-time student status may re-enroll in dental and vision coverage until midnight of their 26th birthday. Dependents who reach age 19 must student certify (12 credited hours) to remain enrolled in the opt-out program to age 23. If the dependent is able to student certify, the dependent will remain in the opt-out program to the last day in which the dependent reaches age 23. If an Officer’s dependent (age 19 to 23rd birthday) is not able to student certify, the dependent will be terminated from the opt-out program on the last calendar day of the month in which the dependent can no longer student certify. It is the Officer’s responsibility to inform the Township if an adult dependent child is no longer able to certify student status, i.e., drops out of school, does not maintain 12 credited hours, graduates, etc.
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) A. Any bargaining unit employee or Retiree married to any other Township employee, whether part of the bargaining unit or not, must enroll in the same health care plan as his/her spouse. For example, an employee or retiree cannot enroll in PPO if his/her spouse is enrolled in the HMO plan. In addition, no employee or retiree can be enrolled in more than one Township healthcare plan. B. Within the selected plan, employees married to one another must enroll in a plan level’s coverage with the lower cost to the Township. For example, the employees must enroll as “employee/spouse” rather than two “single” plans, if the “employee/spouse” coverage is less expensive. C. A Retiree married to a Township employee or who becomes an active Township employee in another Township position must enroll in the coverage with the lower cost to the Township. D. Married Township employees or a Retiree married to a Township employee will not be permitted any “double coverages” whereby both employees may have “family” coverage for extended benefits, i.e. dental, prescription and vision. E. Regarding the four preceding paragraphs, the term “retiree” applies only to bargaining unit members who retire on or after September 13, 2004.
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) C. Coverage will continue for the surviving spouse until the spouse becomes eligible for Medicare, is otherwise covered by a comparable plan or remarries, whichever comes first.
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INSURANCE FOR ACTIVE OFFICERS. (CONTINUED) B. All Officers enrolled in the Township’s HMO $15 medical plan shall contribute four percent (4.0%) of the total annual premium for core medical coverage, prescription, dental, and vision benefits for him/herself, spouse, and/or dependents. C. All Officers enrolled in the Township’s HMO $10 medical plan shall contribute three percent (3.0%) of the total annual premium for core medical coverage, prescription, dental and vision benefits for him/herself, spouse, and/or dependents. D. Contributions for all Officers enrolled in the Township’s medical plans shall be the respective 6.0%, 4.0%, or 3.0% of the medical plans' current annual premium, depending on the medical plan selected, except that there shall be a ten percent (10%) rolling cap on the Officer's contribution using the 2013 base year contribution for each respective medical plan. Therefore, the Officer's contribution for his/her elected medical plan in 2014 will be no more than ten percent 10% greater than the contribution for that respective medical plan in 2013. The Officer's contribution for his/her elected medical plan in 2015 will be no more than twenty percent 20% greater than the contribution for that respective medical plan in 2013. The Officer's contribution for his/her elected medical plan in 2016 will be no more than thirty percent 30% greater than the contribution for that respective medical plan in 2013.
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INSURANCE FOR ACTIVE OFFICERS authorization which is established by the PBM. Increases in quantity limit amounts must be authorized by the employee’s physician and the PBM.
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Related to INSURANCE FOR ACTIVE OFFICERS

  • Executive Officers To the knowledge of the Company, no executive officer or person nominated to become an executive officer of the Company (a) has been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding minor traffic violations) or (b) is or has been subject to any judgment or order of, the subject of any pending civil or administrative action by the Securities and Exchange Commission or any self-regulatory organization.

  • Responsibility of Dual Directors, Officers and/or Employees If any person who is a director, officer or employee of the Adviser is or becomes a Trustee, officer and/or employee of the Fund and acts as such in any business of the Fund pursuant to this Agreement, then such director, officer and/or employee of the Adviser shall be deemed to be acting in such capacity solely for the Fund, and not as a director, officer or employee of the Adviser or under the control or direction of the Adviser, although paid by the Adviser.

  • No Personal Liability of Directors, Officers, Employees and Stockholders No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

  • No Personal Liability of Directors, Officers, Employees and Shareholders No past, present or future director, officer, employee, incorporator or shareholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

  • No Personal Liability of Directors, Officers Employees and Stockholders No director, officer, employee or stockholder of the Company shall have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Noteholder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

  • President and Chief Executive Officer The president shall be the chief executive officer of the Trust, unless the Board of Trustees designates the chairman as chief executive officer. The chief executive officer shall see that all orders and resolutions of the Board of Trustees are carried into effect. The chief executive officer shall also be the chief administrative officer of the Trust and shall perform such other duties and have such other powers as the Board of Trustees may from time to time prescribe.

  • Resignation from Directorships and Officerships The termination of the Executive’s employment for any reason will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

  • Directors and Executive Officers The corporation shall indemnify its directors and executive officers (for the purposes of this Article XI, “executive officers” shall have the meaning defined in Rule 3b-7 promulgated under the 0000 Xxx) to the extent not prohibited by the DGCL or any other applicable law; provided, however, that the corporation may modify the extent of such indemnification by individual contracts with its directors and executive officers; and, provided, further, that the corporation shall not be required to indemnify any director or executive officer in connection with any proceeding (or part thereof) initiated by such person unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the corporation, (iii) such indemnification is provided by the corporation, in its sole discretion, pursuant to the powers vested in the corporation under the DGCL or any other applicable law or (iv) such indemnification is required to be made under subsection (d).

  • Liability for directors, officers or employees You acknowledge and agree not to make any claim personally against any employee, director or officer arising out of the work and services provided under these Terms of Business. This clause does not in any way limit or affect our liability to you as set out below.

  • Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability No recourse under or upon any obligation, covenant or agreement contained in this Indenture or any indenture supplemental hereto, or in any Security or any coupons appertaining thereto, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and the coupons appertaining thereto by the holders thereof and as part of the consideration for the issue of the Securities and the coupons appertaining thereto.

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