Medicare Supplemental Insurance. Upon the termination of the Executive’s employment pursuant to: (X) Section 9(a); (Y) Section 10(a) (but only if termination of the Executive’s employment is by reason of retirement at age 65 or at Early Retirement provided that a majority of the Board of Directors of the Company confirms that the Executive is eligible for Medicare supplemental insurance as provided in this Section 26); or (Z) Sections 11(a)-(c) of this Agreement, the Company or the Bank shall thereafter provide the Executive and his spouse with health and major medical insurance as set forth in Section 9(b)(vi). Such health and major medical insurance shall terminate upon the Executive’s attainment of Medicare eligibility (“Medicare Eligibility Date”). Subsequent to such Medicare Eligibility Date, the Company or the Bank shall thereafter provide the Executive and his spouse with Medicare supplemental insurance for life, subject to this Section 26, with health care coverage at the same levels, amounts and co-pay as otherwise required pursuant to Section 9(b) hereof.
Medicare Supplemental Insurance. Upon the termination of the Executive’s employment pursuant to: (X) Section 9(a); (Y) Section 10(a) (but only if termination of the Executive’s employment is by reason of retirement at age 65 for at Early Retirement provided that a majority of the Board of Directors of the Company confirms that the Executive is eligible for Medicare supplemental insurance as provided in this Section 261 ); or (Z) Sections 11(a)-(b). (excluding a Change of Control in connection with which the Executive enters into a new employment agreement with the Company or the acquiring entity with a term of at least 1,095 days) of this Agreement, the Company or the Bank shall thereafter provide the Executive and his spouse with health and major medical insurance as set forth in Section 9(b)(vi). Such health and major medical insurance shall terminate upon the Executive’s attainment of Medicare eligibility (“Medicare Eligibility Date”). Subsequent to such Medicare Eligibility Date, the Company or the Bank shall thereafter provide the Executive and his spouse with Medicare supplemental insurance for life, subject to this Section 26, with health care coverage at the same levels, amounts and co-pay as otherwise required pursuant to Section 9(b) hereof.
Medicare Supplemental Insurance. Upon the death of retiree and spouse or their attaining age 65 years, child dependent coverage shall terminate. At such time as the retiree and/or spouse become age 65, the DISTRICT provided medical insurance shall be through the applicable Medicare Supplemental Insurance integrated with Medicare Part B. The retiree will continue to be responsible for a co-payment percentage of the Medicare supplemental insurance premium based upon length of service at retirement, as set forth in the table above. In order for the Medicare Supplemental Insurance to provide coverage, the retiree must enroll in Medicare Part B at time of eligibility.
Medicare Supplemental Insurance. All employees reaching age 65 and qualifying for retirement under the rules and regulations of the New Hampshire Retirement System after July 1,1989 will be provided with Medi-Comp III coverage by the Town when they retire from employment with the Town, provided that such employees have worked for the Town a minimum of ten (10) years; except that all employees hired after April 23, 2009, reaching age 65 and qualifying for retirement under the rules and regulations of the New Hampshire Retirement System will be provided with a subsidy for Medi-Comp III coverage by the Town when they retire from employment with the Town, provided that such employees have worked for the Town a minimum of twenty (20) years. The amount of the subsidy for employees hired after April 23, 2009 shall be limited to the amount of the July 1, 2009 Medi-Comp III premium.
Medicare Supplemental Insurance. HHBJC shall continue the payment of the AARP, Medicare and United Healthcare Medicare supplemental coverage for Cantor Zim and his spouse for the remainder of his lifetime. This obligation will continue for June Zim for the remainder of her lifetime, if Cantor Zim should predecease June Zim.
Medicare Supplemental Insurance. 1) The County shall provide those retired employees who were hired prior to July 1, 2000 and who become eligible for Medicare with a retirement benefit allowance in an amount equal to 80% of the cost of the least expensive Medicare supplemental insurance available to the County, less the amount of any employer contribution provided under Section 6.2 of this Article. This benefit replaces any retiree benefit allowance provided under Section 6.3(a) and is available to the retired employee only after he or she has reached the age of 65.
2) The County shall provide those retired employees who were hired on or after July 1, 2000 and who become eligible for Medicare with a retirement benefit allowance in an amount equal to 80% of the least expensive Medicare supplemental insurance available to the County, less the amount of any employer contribution provided for under Section 6.2 of this Article. In order to be eligible for this retirement benefit allowance, the individual must have served at least 20 years of cumulative service with the County. Individuals who served less than 20 years of cumulative service with the County before retirement are not eligible for benefits under this section. This benefit replaces any retiree benefit allowance that had been provided under Section 6.3(b) and is available to the retired employee only after he or she has reached the age of 65.
3) Employees hired on or after July 1, 2008 are not eligible to receive any benefits provided for in either Section 6.3(d)(1) or 6.3(d)(2) above.
