MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE Sample Clauses

MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE. (i) Seller shall be responsible in accordance with its applicable welfare plans for all medical and dental claims for expenses incurred prior to the date of hire by Buyer of Transferred Employees and their dependents. Reimbursement of Transferred Employees and their dependents for such medical and dental expenses shall be determined in accordance with the terms of Seller's medical and dental programs. Seller shall terminate coverage of Transferred Employees and their dependents effective for claims for medical and dental expenses incurred on and after the date of hire of such Transferred Employees by Buyer. Buyer shall be responsible in accordance with its applicable welfare plans for all medical and dental claims made by Transferred Employees and their dependents for expenses incurred on and after the date of hire by Buyer of such Transferred Employees. Reimbursement of Transferred Employees and their dependents for such medical and dental expenses shall be determined in accordance with the terms of Buyer's medical and dental programs. Notwithstanding the foregoing, Seller shall be responsible for all medical and dental expenses incurred by a Transferred Employee or any dependent thereof who is hospitalized or institutionalized on an in-patient basis on the Closing Date during such continuous hospitalization or institutionalization. For purposes of this Section 9.4(c)(i), a medical or dental claim otherwise covered under Seller's or Buyer's applicable welfare benefit plan shall be
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MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE. (A) Sellers shall be responsible in accordance with their applicable welfare plans in effect prior to the Closing for all medical and dental claims for expenses incurred prior to the Closing Date by Transferred Employees, Former Employees and their dependents. Reimbursement of employees and their dependents for medical and dental expenses associated with such claims (including claims submitted on behalf of disabled employees and their dependents) shall be determined in accordance with the terms of Sellers' medical and dental programs as in effect immediately prior to the Closing Date. Sellers shall terminate coverage of Transferred Employees and their dependents effective for claims for expenses incurred on and after the Closing Date. Purchaser shall be responsible for all medical and dental claims for expenses incurred on and after the Closing Date (including, but not limited to, responsibility for post-retirement medical and dental claims) by Transferred Employees and their dependents; provided, however, that Purchaser's medical and dental programs shall not -------- ------- contain a pre-existing condition clause and shall otherwise provide sufficient medical and dental coverage that Sellers and their affiliates shall have no obligation to provide "COBRA" continuation coverage under Section 4980B(f) of the Code.
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MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE. (i) Effective as of the Closing Date, Purchaser shall establish employee welfare benefit plans, including but not limited to medical and dental, disability, group life, travel and accident, and accidental death and dismemberment insurance plans, which (x) provide continuous coverage to Business Employees and their eligible spouses and dependents, (y) credit service with Sellers or their Affiliates for purposes of eligibility and benefit levels, and (z) for medical and dental benefits, waive any pre-existing condition limitations and credit the amount of any co-payments and deductibles incurred during the calendar year of the Closing.
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MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE. (i) Effective ----------------------------------------------- as of the Closing Date, Purchaser shall establish employee welfare benefit plans, including but not limited to medical and dental, disability, group life, travel and accident, and accidental death and dismemberment insurance plans, which (x) provide continuous coverage to Business Employees and their eligible spouses and dependents, (y) credit service with Sellers or their Affiliates for purposes of eligibility and benefit levels, and (z) for medical and dental benefits, waive any pre-existing condition limitations and credit the amount of any co-payments and deductibles incurred during the calendar year of the Closing.
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Related to MEDICAL AND DISABILITY BENEFITS; LIFE INSURANCE

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • Medical and Dental Benefits If Executive’s employment is subject to a Termination, then to the extent that Executive or any of Executive’s dependents may be covered under the terms of any medical or dental plans of the Company (or an Affiliate) for active employees immediately prior to the Termination Date, then, provided Executive is eligible for and elects coverage under the health care continuation rules of COBRA, the Company shall provide Executive and those dependents with coverage equivalent to the coverage in effect immediately prior to the Termination. For a period of twelve (12) months (18 months for a Termination during a Covered Period), Executive shall be required to pay the same amount as Executive would pay if Executive continued in employment with the Company during such period and thereafter Executive shall be responsible for the full cost of such continued coverage; provided, however, that such coverage shall be provided only to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this Section 4(e) may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective plans, provided that Executive and Executive’s dependents comply with all of the terms of the substitute medical or dental plans, and provided, further, that the cost to the Company and its Affiliates shall not exceed the cost for continued COBRA coverage under the Company’s (or an Affiliate’s) plans, as set forth in the immediately preceding sentence. In the event Executive or any of Executive’s dependents is or becomes eligible for coverage under the terms of any other medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits, the Company’s and its Affiliates’ obligations under this Section 4(e) shall cease with respect to the eligible Executive and/or dependent. Executive and Executive’s dependents must notify the Company of any subsequent employment and provide information regarding medical and/or dental coverage available.

  • Disability Benefits Following a Change in Control and during the term of this Agreement, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disability, the Executive will receive short-term and long-term disability benefits as provided under short-term and long-term disability plans having terms no less favorable than the terms of the Company’s short-term and long-term disability plans as in effect immediately prior to the Change in Control, together with all other compensation and benefits payable to the Executive pursuant to the terms of any compensation or benefit plan, program, or arrangement maintained by the Company during the period of Disability.

  • For death and disability The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Long-Term Disability Insurance Salary continuation benefit for total disability. Benefit commences with ninetieth day of disability and continues to a maximum of age sixty-five. Annual maximum benefit shall be 60% of the Base Salary.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

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