Medical Benefits and Life Insurance Sample Clauses

Medical Benefits and Life Insurance. The Employer or the Change Entity shall maintain in full force and effect for the Employee’s (and for his/her family if family coverage is then in effect) continued benefit until the earlier of the number of months listed in Item 6(c)(v) on Exhibit A after the Date of Termination, or the end of the calendar month in which the Employee reaches the age of 67, all medical insurance (including health care, dental and prescription drug insurance), life insurance, and accidental death and dismemberment insurance including conversion rights (collectively, “Welfare Benefits”), with coverage and limits, separately for each Welfare Benefit and in the aggregate, identical to those in effect with respect to the Employee (including family coverage if family coverage is then in effect), immediately before the Date of Termination or, if higher (both separately and in the aggregate) at any time during the Protection Period. If the Employer or the Change Entity is unable to provide some or all of the Welfare Benefits through its insured program for the duration of the period described in the first sentence of this paragraph, the Employer or the Change Entity will distribute to the Employee a lump sum cash amount equal to the highest aggregate premium amount paid during the Protection Period with respect to the Welfare Benefit it is unable to provide through its insured programs multiplied by the number of whole and fractional premium periods for which it is unable to provide this coverage through its insured program, plus an additional amount equal to the Premium Tax Obligation (as defined below). If the Employee is a participant in the Company’s Executive Committee Life Insurance Program (and/or any analogous plan adopted after the date of this Agreement) on the Date of Termination, the Change Entity and/or the Employer shall pay the premium for the Employee on such insurance for a period ending the earlier of the number of months listed in Item 6(c)(v) on Exhibit A after the Date of Termination, or the calendar month in which the Employee reaches the age of 67, plus an additional amount to the Employee equal to the Premium Tax Obligation. For the sole purpose of determining the Employee’s eligibility to participate in the Company’s Welfare Benefit programs, the Employee shall be considered to be on a paid leave of absence as long as he/she is receiving benefits under this Agreement.
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Medical Benefits and Life Insurance. The Company shall maintain in full force and effect for the Employee's continued benefit until the earlier of the anniversary listed in Item 6(c)
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Medical Benefits and Life Insurance. A. Life Insurance 1. The Board of Education pays $50,000 term life insurance, paid by the Board, for each regular classified employee. Life insurance coverage cannot be provided for those employees who are age seventy or older on the day such coverage would begin. This restriction does not apply to employees who are covered prior to their seventieth birthday. B. Medical, Prescription Drug, Dental and Vision. 1. Employees shall receive medical benefits with the Board paying 100% of the premium and the employees paying a contribution as noted below. The guidelines are as follows: a. All regular (30 hours/wk or more). The Board will pay 100% Single or 10/12 month employees Family Medical, Prescription Drug (generic incentive), Dental, and Vision. Transportation employees who drive two (2) hours in the a.m. and two (2) hours in the p.m. and less than two (2) hours mid-day run shall be recorded at six (6) hours work time for purposes of this section for all benefits. All employees hired prior to July 1, 1988 who were full-time working a minimum of four (4) hours are entitled to the above, except the life insurance. b. For employees working less than six (6) hours per day but a minimum of four (4) hours per day average. Employees shall receive medical benefits with the Board paying 100% of the premium and the employees paying a contribution as noted below. The Board of Education will pay 100% single coverage medical, prescription drug (see coverage in prescription), dental, and vision. c. Employees working less than four (4)
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Medical Benefits and Life Insurance. That the benefits provided by Cityhome under this Article shall take effect after the employee has completed aggregate hours. That in respect of an employee of Cityhome coming within the (Cityhome) Unit who is an insured person under the Health Insurance Act, Cityhome shall pay percent for the insured services of such employee and the dependant or dependants thereof, and dependant full-time students over the age of twenty-one if any, required thereunder. That Cityhome shall enter into a contract with an insurer selected by Cityhome for the purpose of supplementing the insured services referred to in sub-clause hereof by providing accommodation at the semi-private xxxx level for any employee to whom such sub-clause is applicable, and such contract shall provide that in respect of each such employee, Cityhome shall pay percent of the single premium or the family premium, as the case may be, for such supplementary services provided that such insured services shall provide benefits equivalent to the benefits provided by Co-operative Health Services. That Cityhome shall enter into a contract with an insurer licensed under the Insurance Act or an association registered under the Prepaid Hospital and Medical Services Act to provide an Extended Health Benefits plan providing for a basic deductible of ten (10) dollars per year with respect to each employee or spouse or child thereof, full time students years of age to a maximum of years of age, covered thereby, subject to a second and final deductible of ten (10) dollars per year with respect to each employee with the employee's family covered thereby, for any employee of Cityhome coming within the (Cityhome) Unit, who is an insured person under the Health Insurance Act, Cityhome shall pay percent for the insured services of such employee and the dependant or dependants thereof, and dependant full-time students over the age of twenty-one if any, required thereunder, of the single premium or family premium, as the case may be, for such extended health benefits coverage provided that the eye Glass Benefit provided thereunder shall be a maximum of two hundred (200.00) dollars every two calendar years. Paramedic, Chiropractic, Osteopathic and Paediatric coverage will be included under the Extended Health Benefits Plan. The cost of Hearing Aids, covered under the Extended Health Benefits Plan, will be to a maximum of The Paramedic Service benefit provided thereunder shall be a maximum of two hundred and fifty dollars ($...
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Medical Benefits and Life Insurance. 48 Section 12.1 Return to Full-Time Work 48 SIDELETTER XX. 0 00 XXXXXXXXXX XX. 0 00 XXXXXXXXXX XX. 0 49 SIDELETTER XX. 0 00 XXXXXXXXXX XX. 0 00 XXXXXXXXXX XX. 0 51 SIDELETTER XX. 0 00 XXXXXXXXXX XX. 0 00 XXXXXXXXXX XX. 0 54 SIDELETTER NO. 10 55 SIDELETTER XX. 00 00 XXXXXXXXXX XX. 00 00 SIDELETTER XX. 00 00 XXXXXXXXXX XX. 00 00 SIDELETTER NO. 15 59 SIDELETTER NO. 17 60 SIDELETTER NO. 18 60 SIDELETTER NO. 19 [deleted] 60 SIDELETTER XX. 00 00 XXXXXXXXXX XX. 00 00 SIDELETTER XX. 00 00 XXXXXXXXXX XX. 00 00 SIDELETTER NO. 24 64
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Medical Benefits and Life Insurance. (A) Feraro shall continue to be covered under Unity’s standard family medical benefit program, the costs thereof to be paid by Unity subject to Feraro’s contribution of the employee portion thereof, during the Severance Period, which employee contributions shall be deducted by Unity from the regular payroll payments to be made to Feraro during 2004 under Paragraph 2(ii), above. Such coverage shall continue for all of 2004 regardless of the death of Feraro during
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Medical Benefits and Life Insurance. The Employer agrees to provide and to pay the premiums for medical, vision, dental, life, and other insurance for the Employee, Employee’s spouse or domestic partner, and dependent children identical to that which is provided to other exempt employees of the City in accordance with City policies.
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Related to Medical Benefits and Life Insurance

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Health and Life Insurance In the event Employee’s employment is terminated hereunder, the Company shall provide the following health and life insurance benefits: (a) Upon Employee’s termination of employment under this Agreement other than upon Employee’s termination for Cause or upon Employee’s death, the Company shall be responsible for a one-year period following Employee’s Termination Date, the scheduled premium payments (on or before their due dates) on any universal life insurance policy covering Employee’s life which is in force immediately prior to the Termination Date; provided, however, that the Company shall be obligated to pay any such premiums only to the extent that, and on the same basis as, payments are made by the Company on the universal life insurance policies covering officers of the Company with same or similar coverage and further provided that during the period of six months immediately following the Employee’s Termination Date, the Employee shall be obligated to pay the Company the full cost for any such premium payments, and the Company shall reimburse the Employee for any such payments on the first business day that is more than six months after the Employee’s Termination Date, together with interest on such amount from the Termination Date through the date of payment at the Interest Rate. (b) Upon Employee’s termination of employment under this Agreement other than upon a Change of Control (which shall be governed by the COC Severance Plan), Employee’s termination for Cause, or upon Employee’s death, the Company shall, at its expense, provide such medical and dental coverage as in effect immediately prior to the Termination Date for Employee and Employee’s then covered dependents until the end of the period designated for payments to be made hereunder. Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (c) In the event of Employee’s death during the Term of Employment for a twelve-month period after his death the Company shall make available at its expense medical and dental insurance covering Employee’s spouse and his dependents (collectively, “Employee’s Beneficiaries”) who would have been covered (if the Term of Employment had continued) by the Company’s medical and dental insurance policies as then in effect, and (ii) thereafter for an additional six-month period, such medical and dental insurance in effect from time to time shall be provided to Employee’s Beneficiaries, with Employee’s Beneficiaries (or estate if applicable) to reimburse the Company for the cost of comparable coverage under the provisions of this clause (ii), unless otherwise prohibited by applicable law Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (d) Any taxable welfare benefits provided pursuant to this Section 13 that are not “disability pay” or “death benefits” within the meaning of Treasury Regulation Section 1.409A-1(a)(5) (collectively, the “Applicable Benefits”) shall be subject to the following requirements in order to comply with Section 409A of the Code. The amount of any Applicable Benefit provided during one taxable year shall not affect the amount of the Applicable Benefit provided in any other taxable year, except that with respect to any Applicable Benefit that consists of the reimbursement of expenses referred to in Section 105(b) of the Code, a limitation may be imposed on the amount of such reimbursements over some or all of the applicable severance period, as described in Treasury Regulation Section 1.409A-3(i)(iv)(B). To the extent that any Applicable Benefit consists of the reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred. No Applicable Benefit may be liquidated or exchanged for another benefit.

  • 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.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

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