Medical Benefits Continuation Sample Clauses

Medical Benefits Continuation. If, in accordance with and pursuant to this Section 9 of this Agreement, either (i) Employer terminates Executive without Cause or (ii) Executive resigns for Good Reason, in either case during the Contract Period (a “Benefits Continuation Event”), then Employer shall, for the remainder of the Contract Period (the “Continuing Coverage Period”), either provide Executive with continued benefits under, or defray the cost of continued benefits which are comparable to those provided by, those medical and dental benefit plans, life insurance plans, and disability insurance plans (the “Continuing Coverage Plans”) which are sponsored by Employer and in which Executive is a participant as of the date of the termination of Executive's employment. During the Continuing Coverage Period, Employer shall, if and only to the extent possible under the terms of such plans, continue Executive’s participation in the Continuing Coverage Plans for the Continuing Coverage Period, which continued participation shall be under all of the costs, terms and conditions that are applicable to or imposed upon employees of similar title to Executive, as such costs, terms and conditions may change from time to time during the remainder of the Continuing Coverage Period. To the extent that the terms of any of the Continuing Coverage Plans are such that the actual participation of Executive cannot be continued after a Benefits Continuation Event, then Employer shall, for the duration of the Continuing Coverage Period, provide Executive with a periodic payment, or periodic payments, in that amount or those amounts which Employer determines in the exercise of its reasonable discretion and in good faith to be fully sufficient to defray the cost to Executive of participation in plans which provide benefits that are materially identical to those benefits provided by those Continuing Coverage Plans in which, by their terms, Executive cannot continue to participate subsequent to the termination of Executive's employment. Any such payment or payments shall be defined as Coverage Continuation Reimbursement Payments. Executive and Employer specifically agree that the reimbursement by Employer through the Continuing Coverage Period of the full monthly COBRA amount which would, in the absence of this Agreement, be charged to Executive for continuing coverage under the medical benefits plan sponsored by Employer, and in which Executive is a participant as of the termination of Executive's employment, shal...
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Medical Benefits Continuation. □ I am currently entitled to medical benefits □ I wish to receive medical benefits during this unpaid leave, not to exceed 12 weeks. □ I do not wish to receive medical benefits during this period of unpaid leave. □ I am not currently entitled to medical benefits. _______________________________ _______________________ Employee Signature Date FOR PERSONNEL OFFICE USE ONLY Date Request Received: Beginning Date of Leave: Ending Date: Action Taken Reviewed by: Date: 1 $ 68,822 $ 71,410 $ 74,438 $ 77,931 $ 81,893 2 $ 71,178 $ 73,737 $ 76,767 $ 80,263 $ 84,223 3 $ 73,505 $ 76,069 $ 79,098 $ 82,591 $ 86,552 4 $ 78,398 $ 81,426 $ 84,921 $ 88,881 5 $ 81,893 $ 84,921 $ 88,417 $ 92,377 6 $ 85,621 $ 88,649 $ 92,145 $ 96,105 7 $ 89,349 $ 92,377 $ 95,872 $ 99,832 8 $ 96,220 $ 99,714 $ 103,675 9 $ 100,065 $ 103,560 $ 107,521 10 $ 103,908 $ 107,404 $ 111,364 11 $ 106,937 $ 110,431 $ 114,392 12 $ 109,460 $ 113,868 $ 117,866 13 $ 118,476 $ 122,553 14 $ 119,274 $ 123,353 15 $ 120,074 $ 124,152 16 $ 120,876 $ 124,951 17 $ 121,675 $ 125,752 18 $ 122,474 $ 126,552 19 $ 123,273 $ 127,350 20 $ 128,150 21 $ 128,950 22 $ 129,748 23 $ 130,547 24 $ 131,347 25 $ 132,147 Duration of work year: Additional annual stipends: Unit members who hold a National Unit members enrolled in National Board 1 $ 72,264 $ 74,981 $ 78,160 $ 81,828 $ 85,988 2 $ 74,737 $ 77,424 $ 80,606 $ 84,277 $ 88,435 3 $ 77,181 $ 79,873 $ 83,053 $ 86,721 $ 90,880 4 $ 82,318 $ 85,498 $ 89,168 $ 93,326 5 $ 85,988 $ 89,168 $ 92,838 $ 96,996 6 $ 89,903 $ 93,082 $ 96,753 $ 100,911 7 $ 93,817 $ 96,996 $ 100,666 $ 104,824 8 $ 101,031 $ 104,700 $ 108,859 9 $ 105,069 $ 108,738 $ 112,898 10 $ 109,104 $ 112,775 $ 116,933 11 $ 112,284 $ 115,953 $ 120,112 12 $ 114,933 $ 119,562 $ 123,760 13 $ 124,400 $ 128,681 14 $ 125,238 $ 129,521 15 $ 126,078 $ 130,360 16 $ 126,920 $ 131,199 17 $ 127,759 $ 132,040 18 $ 128,598 $ 132,880 19 $ 129,437 $ 133,718 20 $ 134,558 21 $ 135,398 22 $ 136,236 23 $ 137,075 24 $ 137,915 25 $ 138,755 Duration of work year: Additional annual stipends: Unit members who hold a National Unit members enrolled in National Board 1 $ 74,432 $ 77,231 $ 80,505 $ 84,283 $ 88,568 2 $ 76,980 $ 79,747 $ 83,025 $ 86,806 $ 91,089 3 $ 79,497 $ 82,270 $ 85,545 $ 89,323 $ 93,607 4 $ 84,788 $ 88,063 $ 91,844 $ 96,126 5 $ 88,568 $ 91,844 $ 95,624 $ 99,906 6 $ 92,601 $ 95,875 $ 99,656 $ 103,939 7 $ 96,632 $ 99,906 $ 103,686 $ 107,969 8 $ 104,062 $ 107,841 $ 112,125 9 $ 108,222 $ 112,001 $ 116,285 10 $ 112,378 $ 116,159 $ 120,441 1...
Sample 1
Medical Benefits Continuation. Your current health and welfare benefits will terminate on the Separation Date. If you timely elect to continue health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Separation Date and provided that you comply with your post-employment obligations and that, within thirty (30) days following the Separation Date, you execute and do not revoke the Reaffirmation, IntriCon shall pay you, on the first regularly scheduled payroll date of each month, an amount equal to the percentage of your health care premium costs paid by IntriCon as of the Separation Date (“COBRA Payments”) through the earlier of December 31, 2021, or until you are eligible to receive health benefits from a new employer or a spouse’s employer. If you become eligible to receive health benefits, you must immediately notify Sxxx Xxxx, Vice President and Chief Human Resources Officer of IntriCon. Further, you agree to indemnify IntriCon against any assessments made against IntriCon resulting from your eligibility for benefits under the Medicare program.
Sample 1
Medical Benefits Continuation. Should Employee elect medical benefits continuation under COBRA, the Company will continue to pay its regular employer contributions toward Employee’s medical insurance through August 31, 2009. Employee will be responsible for paying his regular share of the medical care premium. All COBRA benefits are available only during the time that Employee is not eligible for comparable health coverage through another employer. Should Employee obtain such coverage, it is Employee’s obligation to immediately notify the Company.
Sample 1
Medical Benefits Continuation. Although nothing in this letter agreement shall be construed to alter the at-will nature of your employment as set forth in Section 1 above, if your employment with the Company is terminated by the Company without Cause (as defined below) or you resign your employment with the Company for Good Reason (as defined below), in each case, during the period that begins with the 30th day preceding a Change in Control and which ends 2 years following such Change in Control, subject to your execution and non-revocation of a general release in favor of the Company and its affiliates in a form reasonably acceptable to the Company, you will be entitled to receive from the Company group health benefits (equivalent to those provided prior to such termination) for you and your dependents following your termination of employment and continuing until you reach the age of 65 on the same terms and conditions and with the same cost to you as if you had remained employed by the Company during such period.
Sample 1
Medical Benefits Continuation. Provided that Employee timely elects COBRA continuation coverage pursuant to Section 4980B of the Internal Revenue Code of 1986, as amended (“COBRA”), during the eighteen (18) month period following Employee’s Separation Date (the “Continuation Period”), the Company will provide Employee and his eligible dependents with COBRA continuation coverage. Employee’s cost for such COBRA continuation coverage will equal the premium charged to active employees during such period, and the remainder of the COBRA premium will be paid by the Company.
Sample 1
Medical Benefits Continuation. Regardless of whether Employee signs this Agreement, he may be eligible to continue applicable medical coverage under COBRA in accordance with his applicable medical benefits plan. As additional consideration for Employee’s undertakings in this Agreement, if Employee elects to continue his medical benefits coverage under COBRA, UHS will reimburse Employee for that portion of the COBRA premium that exceeds the contribution Employee would have made had he remained an active employee, up to and including the earlier of: (i) the date upon which Employee enrolls in Medicare or secures health insurance benefits pursuant to employment permitted by this Agreement or (ii) one year following the Termination Date. Payments made under this subsection shall be subject to applicable tax withholdings.
Sample 1
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Medical Benefits Continuation. □ I am currently entitled to medical benefits □ I wish to receive medical benefits during this unpaid leave, not to exceed 12 weeks. □ I do not wish to receive medical benefits during this period of unpaid leave. □ I am not currently entitled to medical benefits. _______________________________ _______________________ Employee Signature Date FOR PERSONNEL OFFICE USE ONLY Date Request Received: Beginning Date of Leave: Ending Date: Action Taken Reviewed by: Date: 1 $ 55,593 $ 57,684 $ 60,130 $ 62,952 $ 66,152 2 $ 57,497 $ 59,564 $ 62,012 $ 64,835 $ 68,035 3 $ 59,378 $ 61,448 $ 63,895 $ 66,717 $ 69,916 4 $ 63,330 $ 65,776 $ 68,599 $ 71,798 5 $ 66,152 $ 68,599 $ 71,422 $ 74,621 6 $ 69,164 $ 71,610 $ 74,433 $ 77,633 7 $ 72,175 $ 74,621 $ 77,444 $ 80,643 8 $ 77,726 $ 80,549 $ 83,748 9 $ 80,831 $ 83,655 $ 86,854 10 $ 83,936 $ 86,759 $ 89,959 11 $ 86,382 $ 89,206 $ 92,405 12 $ 88,421 $ 91,981 $ 95,211 13 $ 95,703 $ 98,997 16 $ 97,642 $ 100,935 19 $ 99,579 $ 102,873 22 $ 104,809 25 $ 106,747 Duration of work year: Additional annual stipends: 188 days $1,000 for Master's Degree 190 days for new teachers $700 for Doctorate Degree Unit members enrolled in National Board certification will have the registration fee of $1,300 paid. Unit members who hold a National Board certification shall receive a yearly payment of $600 in addition to their regular salary. Grade Level Coordinators receive a $5,000 stipend and work 198 days per year. Additional days will be compensated at $500 per day. Board Approved: 06/06/2017 Effective: 07/01/2017 Salary Schedule increase: 5.0% 1 $ 58,551 $ 60,752 $ 63,329 $ 66,301 $ 69,671 2 $ 60,554 $ 62,733 $ 65,310 $ 68,284 $ 71,654 3 $ 62,536 $ 64,717 $ 67,293 $ 70,266 $ 73,635 4 $ 66,698 $ 69,275 $ 72,247 $ 75,617 5 $ 69,671 $ 72,247 $ 75,221 $ 78,590 6 $ 72,843 $ 75,419 $ 78,393 $ 81,762 7 $ 76,014 $ 78,590 $ 81,563 $ 84,932 8 $ 81,860 $ 84,833 $ 88,202 9 $ 85,131 $ 88,104 $ 91,474 10 $ 88,401 $ 91,374 $ 94,744 11 $ 90,977 $ 93,951 $ 97,320 12 $ 93,123 $ 96,873 $ 100,276 13 $ 100,794 $ 104,263 16 $ 102,836 $ 106,304 19 $ 104,875 $ 108,344 22 $ 110,384 25 $ 112,426 Duration of work year: Additional annual stipends: Unit members enrolled in National Board certification will have the registration fee of $1,300 paid. Unit members who hold a National Board certification shall receive a yearly payment of $600 in addition to their regular salary. Grade Level Coordinators receive a $5,000 stipend and work 198 days per year. Additional days will be c...
Sample 1

Related to Medical Benefits Continuation

  • Benefits Continuation In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).

  • Benefit Continuation (a) For leaves taken pursuant to Clause 21.1, 21.2 and 21.3 the Employer shall maintain coverage for medical, extended health, dental, group life and long-term disability, and shall pay the Employer’s share of these premiums. (b) Notwithstanding Clause 21.4(a) above, should an employee be deemed to have resigned in accordance with Clause 21.5 the Employer will recover monies paid pursuant to this clause.

  • 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.

  • Continuation of Health Benefits An employee on an approved Military Caregiver Leave shall be entitled to continue participation in health plan coverage (medical, dental, and optical) as if on pay status during the leave.

  • 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 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.

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

  • Continuation of Employee Benefits (a) On and after the Effective Time, directors, officers and employees of the Company and its Subsidiaries shall be provided employee benefits, plans and programs (including but not limited to incentive compensation, deferred compensation, pension, life insurance, medical (which eligibility shall not be subject to any exclusions for any pre-existing conditions if such individual has met the participation requirements of such benefits, plans or programs of the Company or its Subsidiaries), profit sharing (including 401(k)), severance salary continuation and fringe benefits) which are no less favorable in the aggregate than those generally available to similarly situated directors, officers and employees of Parent and its significant Subsidiaries. For purposes of eligibility to participate and vesting in all benefits provided to directors, officers and employees, the directors, officers and employees of the Company and its Subsidiaries will be credited with their years of service with the Company and its Subsidiaries and prior employers to the extent service with the Company and its Subsidiaries and prior employers is taken into account under plans of the Company and its Subsidiaries. Upon termination of any medical plan of the Company or any of its Subsidiaries, individuals who were directors, officers or employees of the Company or its Subsidiaries at the Effective Time shall become eligible to participate in the medical plan of Parent. Amounts paid before the Effective Time by directors, officers and employees of the Company and its Subsidiaries under any medical plans of the Company shall after the Effective Time be taken into account in applying deductible and out-of-pocket limits applicable under the medical plan of Parent provided as of the Effective Time to the same extent as if such amounts had been paid under such medical plan of Parent. (b) This Section 6.14, which shall survive the Effective Time and shall continue without limit, is intended to benefit and bind the Company and the Surviving Corporation, each of whom may enforce the provisions of this Section 6.14. Nothing contained in this Section 6.14 shall create any third party beneficiary rights in any director, officer or employee or former director, officer or employee (including any beneficiary or dependent thereof) of the Company, any of its Subsidiaries or the Surviving Corporation in respect of continued employment for any specified period of any nature or kind whatsoever, and nothing contained in this Section 6.14 shall create such third party rights in any such person in respect of any benefits that may be provided, directly or indirectly, under any employee benefit plan or arrangement.

  • Continuation Coverage If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of six (6) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this Section 3(a)(iii), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.

  • 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.

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