Medical and Life Insurance Sample Clauses

Medical and Life Insurance. Payment of premiums for medical, dental and vision insurance and life insurance by the Company shall continue on and subject to the terms of this Agreement for a period ending n months after the Date of Termination (where n is equal to the sum of three (3) months plus a number of months equal to the number of years elapsed from the Hire Date to the date the Company gives notice of termination), subject to termination under Section 7.

Medical and Life Insurance. Payment of premiums for medical, dental and vision insurance and life insurance by the Company shall continue on and subject to the terms of this Agreement for a period of one (1) year following the Date of Termination, subject to termination under Section 7. To the extent that the payment of any premiums pursuant to this subparagraph (v) is taxable to Executive, any such payment shall be paid to Executive on or before the last day of Executive’s taxable year following the taxable year in which the related expense was incurred. Executive’s right to payment of such premiums is not subject to liquidation or exchange for another benefit and the amount of such benefits that Executive receives in one taxable year shall not affect the amount of such benefits that Executive receives in any other taxable year.

Medical and Life Insurance. During the Term of this Agreement, Employer shall provide, at Employer's cost, a life insurance policy and group health and disability insurance plans for the coverage of the medical expenses of Employee and his immediate family dependents. Such plans shall provide for payment of medical expense benefits in amounts and under terms as are reasonable and customary for plans of businesses such as Employer.

Medical and Life Insurance. District No. 513 will provide medical and life insurance programs for employees and dependents. The College agrees to pay 80 percent of all health benefits and the faculty agrees to pay the remaining 20 percent unless noted differently below. All employees and dependents will be offered a high deductible medical insurance plan (HDHP) through the employer. Employees also have the option of a health savings account (HSA) or a health reimbursement account (HRA) if they meet all Internal Revenue Service (IRS) criteria. The College will deposit into an HSA, for each employee with an HSA, on the first pay date in January of each applicable year, a minimum of $2,500 annually for single coverage and $5,000 for employee plus one or family coverage. The College shall make available to employees with an HRA, on January 1st of each applicable year, a minimum of $2,500 annually for single coverage and $5,000 for employee plus one or family coverage. If an employee begins employment after the start of the spring semester, the HRA/HSA contribution will be prorated for the portion of the calendar year for which he/she is employed. Annual health screenings to develop a health risk appraisal will be available for all faculty and covered spouses/partners. Each employee may choose from the following health screening options: Option A: Participate in the annual health screening • Dependents are not required to participate • Completed during the Fall semester or prior to the date indicated by the health screening provider each year • Free to employees and any spouse/partner covered under the College insurance plan • Will be available on the Xxxxxxx campus for a defined period of time each Fall semester • Covered under the Health Insurance Portability and Accountability Act (HIPAA) For new employees, the College shall pay 80 percent of health insurance premiums for all categories of insurance coverage during the period lasting from the date of hire until the next health screening. The College shall pay 80 percent of health insurance premiums for all categories of insurance coverage for those who participate in IVCC’s annual wellness screening (Option A) , or the College shall pay 78 percent of health insurance premiums for all categories of insurance coverage for those who do not participate in IVCC’s annual wellness screening (Option B), or do not receive a total score in the healthy range and fail to demonstrate adequate improvement (unless qualified for an exception) as deter...

Medical and Life Insurance. The University will provide all employees covered by this Agreement with the same health coverage options offered to other Brown employees. The current options offered are: Blue Cross Blue Shield Health Mate Coast-to-Coast, and United Health Care – Choice Plus. The University can substitute these named carriers with any other carrier or carriers provided that it does so for all other Brown employees and that the benefits are substantially comparable to the terms existing at the time. If the University exercises its right to substitute or change carriers, it will provide notification to the union and bargaining unit members by August 15, or as soon thereafter as possible, but in no event later than September 30 for the upcoming benefit year beginning January 1. In the event that during the term of this agreement any health insurance carrier or HMO or other provider refuses to renew its relationship with the University for a new plan year or, in the case of insurance coverage, refuses to guarantee a fixed premium rate for a new plan year, or makes it a condition that the University cease offering any other plan or plans, (in each case with respect to the bargaining unit) the University will have the right to drop that carrier, HMO or provider from its health care package provided, however, that the University will replace the dropped carrier, HMO or provider with a plan that provides substantially comparable benefits and premiums. If the University substitutes a named carrier(s) with any other carrier or carriers, the provider networks of new carriers will be substantially comparable to those of existing carriers. The University will use its best efforts to negotiate a waiver of pre-existing conditions clause for the members of the dropped plan. In any event, the University will reimburse employees for expenses incurred related to pre-existing condition provisions. An eligible full-time or part-time employee’s share of the premium cost shall automatically be deducted on a pre-tax basis from his/her pay through payroll deduction. A full-time employee will continue to pay ten percent (10%) of the cost of the premium for the plan selected effective on January 1, 2012. Effective on January 1, 2016, full-time employees in grades above 106 will pay 12% of the cost of the premium for the health plan selected. The University will provide all eligible employees covered by this Agreement with individual coverage under the University’s Group Life Insurance Plan, includ...

Medical and Life Insurance. 12.1 The EMPLOYER will provide a basic health insurance program similar to the one in effect on the date of this Contract. For family coverage, the EMPLOYEE will pay 11% of the gross family premium. For single coverage, the EMPLOYEE will pay 26% of the employee paid family premium. The annual EMPLOYER funding into the VEBA for the Open Access Network is $750 single/$1500 family. The annual EMPLOYER funding into the VEBA for the Limited Access Network is $1250 single/$2500 family. Provisions of state law relating to changes in aggregate benefit reductions apply only to the basic plan. The EMPLOYER will provide a second option for health insurance in the form of a high deductible plan. For family coverage, the EMPLOYEE will pay 11% of the gross family premium. For single coverage, the EMPLOYEE will pay 26% of the employee paid family premium. The annual EMPLOYER funding into the Health Savings Account or VEBA for the Open Access Network is $1750 single/$3500 family. The annual EMPLOYER funding into the Health Savings Account or VEBA for the Limited Access Network is $2250 single/$4500 family. Provisions of state law relating to changes in aggregate benefit reductions apply only to the basic plan. The City, in its discretion, may eliminate this second option at the end of any plan year. The EMPLOYER will provide a third option for health insurance program in the form of a high deductible/minimum value plan. For family coverage, the EMPLOYEE will pay 11% of the gross family premium. For single coverage, the EMPLOYEE will pay 26% of the employee paid family premium. The annual City funding into the Health Savings Account or VEBA for the Open Access Network is $2625 single/$5250 family. The annual EMPLOYER funding into the Health Savings Account or VEBA for the Limited Access Network is $3125 single/$6250 family. In 2023, the EMPLOYER will also provide an Accident Policy through AFLAC for those EMPLOYEES who participate in the high deductible/minimum value plan. Provisions of state law relating to changes in aggregate benefit reductions apply only to the basic plan. The EMPLOYER, in its discretion, may eliminate this third option at the end of any plan year. The 2023 deductible amounts are: basic health insurance program (first option) $1500/$3500, high deductible plan (second option) $3500/$7000, and high deductible/minimum value plan (third option) $6350/$12,700. The EMPLOYER will provide an EMPLOYEE who has an alternative source of group health coverage that ...

Medical and Life Insurance. 8.1 The Company will, subject to the Executive (and, where relevant, his wife and children under the age of 21) being eligible for cover and/or accepted at standard rates of premium under the general provisions of the applicable plan or policy from time to time in force provide: (i) medical cover for the Executive, (and, where relevant, his wife and children under the age of 21); and (ii) life assurance cover for the Executive.

Medical and Life Insurance. The Company shall provide the Executive with group life, long-term disability, extended medical and dental insurance coverage in accordance with the policies and procedures of the Company in effect and, to the extent permissible by law, the Company shall extend medical and dental insurance coverage to the Executive's spouse and child dependents.

Medical and Life Insurance. SECTION 14.1 Coverage for full-time employees under the City's Group Health Insurance Plan is made available on the first of the month following thirty (30) days of employment, providing the employee completes and returns the application documents within 30 days of employment. Effective at the beginning of the first full pay period after the 2007-2010 Agreement was ratified by both parties, the City began to pay one-hundred percent (100%) of the cost of employee coverage and continued to pay two-thirds (2/3) of the cost of dependent coverage for full-time employees enrolled under the City Group Health Insurance Plan and the employee agrees to a payroll deduction for such coverages unless terminated in writing to the City. Effective the beginning of the first full pay period after January 1, 2012, the City will then pay one-hundred percent (100%) of the unblended cost for single/employee coverage only for an HMO and two-thirds (2/3) of the unblended cost of only HMO dependent coverage, but for any employee who selects any plan other than an HMO, the City will contribute only the same dollar amount that it contributes towards the unblended costs of the HMO plans, for the single/employee coverage and dependent coverage for that/those alternative plan(s). The City will not contribute toward the cost of any optional benefits offered to employees. The City may change insurance carriers and/or the scope and level of benefits at its discretion, provided that the City will, absent exigent circumstances, offer a major medical plan and an HMO and bargaining unit members will be covered by the same insurance plan as are the City's non-represented employees. If the scope and the level of benefits is materially reduced, the Union may request post-implementation impact bargaining. SECTION 14.2 There is currently in effect the following life insurance coverage per employee providing that the employee completes the necessary application and returns same within 30 days of employment with the City: (A) Life insurance valued at the employee's base annual salary (rounded to the next highest $1,000.00 increment with a maximum cap of $50,000) established when the Agreement is executed. Coverage is made available on the first of the month following thirty (30) days of employment. (B) The statutory minimum of $50,000, set forth in Section 112.191(2)(a), Florida Statutes, plus any incremental increases mandated by Section 112.191(2)(i), Florida Statutes, which will be provided when...

Medical and Life Insurance. The Company shall purchase and maintain in effect during the Term hereof, major medical, health and dental insurance for the Executive and his immediate family, immediate family being defined as spouse and dependent children under the age of 19 or until age 26 if a full time student, and life and long-term disability insurance for the Executive in such amounts as is available to all other senior executives of JRichard and at least that which is customary for the same position in other companies of similar size, locations and type of business. The death benefit of any life insurance shall be no less than two times Base Salary and no more than Two Hundred Fifty Thousand Dollars ($250,000.00).