Medical/Dental Insurance Benefits. A. The Board agrees to make available to all employees working at least six hours a day and 30 hours or more per week, as defined by the Notification of Employment, a District plan of medical & dental insurance, with the Board contributing 96% of the cost for any employee accessing single coverage only. In addition, the Board will contribute 50% (65% for all employees hired prior to July 1, 1988) of the dependents' coverage, the employee paying the other 50% (35% for employees hired prior to July 1, 1988) of dependent's coverage, through a payroll deduction. The dependents' coverage is optional at the employee's discretion. The impact of the annual percentage increases, related to the Threshold calculations, on employee contributions are the same as outlined in the Certified Negotiated Agreement.
B. All employees working four or more hours per day and 20 hours per week but less than six hours a day and 30 hours per week will be provided the option to participate in group medical & dental insurance with the Board contributing 80% for an employee accessing single coverage only. In addition, the Board will contribute 33% of the dependents' coverage, the employee paying the other 67% of dependent's coverage, through a payroll deduction. An employee working less than four hours a day, or less than 20 hours per week may participate in the group hospitalization and accident insurance by paying the full cost of employee and/or dependent coverage.
C. For those employees working less than 12 months, coverage will be maintained during summer non-employment periods.
Medical/Dental Insurance Benefits. Regardless of whether Executive signs this Release, the Company and/or its applicable carriers will notify Executive of his rights to elect continuation of medical and dental benefits for him and his eligible dependents under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following his Separation Date. In addition, following his Separation Date, and provided all conditions of this Release are and continue to be met by Executive, the Company agrees that Executive’s monthly COBRA premium will be at the same level of his current shared coverage expense until the earlier of six months following his Separation Date, or the date that Executive becomes eligible for coverage under another group plan. The Company shall reimburse Executive for the difference between the monthly premium amount actually paid by him for coverage under COBRA and the monthly premium amount paid by active employees for the same level of coverage. Such reimbursement shall be paid by the 20th day of the month immediately following the month in which Executive timely remits the required premium payment. The Company makes no representation to Executive regarding the tax consequences of any benefits that may be received pursuant to this paragraph. If Executive wishes to continue his COBRA coverage beyond the end of such period, he will then be responsible for paying the full premiums for such coverage during the remainder of his potential COBRA coverage eligibility or benefits. Executive will be notified by the Company’s insurance carrier or plan administrator regarding his rights under COBRA and the costs and conditions of that option. All other insurance coverage provided to Executive by the Company, including but not limited to group life insurance and short and long-term disability benefits, will terminate and cease to be in effect as of the Separation Date. In addition, failure by Executive to timely elect COBRA coverage, to timely pay any required premiums or to make any required payments, or to remain eligible for COBRA coverage continuation will terminate the Company’s obligations with respect to such COBRA payments.
Medical/Dental Insurance Benefits. Regardless of whether Executive signs this Agreement, following the Separation Date, First Charter and/or its applicable carriers will notify Executive of his rights to elect continuation of medical and dental benefits for him and his eligible dependents under the Consolidated Omnibus Budget Reconciliation Act ("COBRA"). In addition, following the Effective Date of this Agreement (as defined in provision 15 below), and provided all conditions of this Agreement are and continue to be met by Executive, First Charter agrees to pay Executive's monthly COBRA premium at the same level of Executive's current shared coverage expense during the twelve (12) month period following the Separation Date or such earlier time that Executive becomes eligible for coverage under another group plan, as applicable. If Executive wishes to continue his COBRA coverage beyond the end of such period, he will then be responsible for paying the full premiums for such coverage during the remainder of his potential COBRA coverage eligibility. Executive will be notified by First Charter's insurance carrier regarding his rights under COBRA and the costs and conditions of that option. All other insurance coverage provided to Executive by First Charter, including but not limited to First Charter's group life insurance and short and long-term disability benefits, will terminate and cease to be in effect as of the Separation Date, except as otherwise noted in provisions 4.j and 4.k below. In addition, failure by Executive to timely elect medical/dental coverage, to timely pay any required premiums or to make any required payments, or to remain eligible for COBRA coverage continuation will terminate First Charter's obligations with respect to such COBRA payments.
