OTHER BENEFITS AND COVERAGES Sample Clauses

OTHER BENEFITS AND COVERAGES. 27.1 Vistra – Medical – Dental – Vision – Prescription Employees, effective January 2, 2022, will participate in the Vistra Energy Health and Welfare Benefit Plan according to the terms and conditions of the Plan as it may be amended from time to time by the Company in its discretion, provided that benefits are not materially reduced during the term of this Agreement. The Company and Union mutually agree that the amount of the subsidy relating to employee and dependent medical, prescription and dental coverage will be reviewed annually, and any changes will take effect the following January 1st. The aggregate premium equivalent (defined as the amount he Company would expect to reflect the cost of paid claims, administration, and plant costs) will be subsidized by the Company by no less than 80%. The Company may, in its sole discretion, change carriers or administrators for any benefits offered pursuant to the Vistra Health and Welfare Benefit Plan, provided that the company provides materially comparable benefits, which may or may not include access to the same providers or facilities. 27.2 For calendar year 2021 employees that elect to participate in the ABHP, the Company- provided contributions noted below will be contributed to a Health Savings Account (“HSA”), subject to the applicable IRS requirements. Employees who elect to participate in such plan may make additional pre-tax contributions to the HSA, subject to applicable IRS limitations (which may change from plan year to plan year) and may only participate in a Health Care Flexible Spending Account (“FSA”) that qualifies as a Limited Purpose Flexible Spending Account, which generally covers only eligible dental and vision expenses. Currently, the IRS guidelines limit the annual maximum contribution to such FSA account to $2,750; the maximum contribution limit on the Dependent Care FSA remains unchanged at $5,000. For the Plan Year effective January 1, 2021 $600.00/$1,200 27.3 The Company will provide basic life and AD&D insurance coverage equal to one times annual base pay, rounded up to the next $1,000, at no cost to the employee. Employees may elect to purchase supplemental life and AD&D insurance in amounts equal to one to five (1 to 5) times the employees’ annual base salary, subject to maximum coverage limitations. If enrolled in supplemental coverage, the employee may enroll their spouse and/or dependent children as well.
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OTHER BENEFITS AND COVERAGES. 28.1 In all cases, the terms of the Health & Income Protection Benefits Summary Plan Description for Employees of Dynegy Who Are Members of IBEW Local 1245 Covered under a Collective Bargaining Agreement (“SPD”) shall control. 28.2 Effective with the 2012 Plan Year, the Company will offer medical, dental and vision benefit programs in which employees may choose to participate, along with eligible dependents, as defined by the SPD. Participating employees shall share the cost of such benefits, including costs attributable to administration of such programs, annual claims experience and program/plan changes mandated by state or federal legislation. To the extent provided by law, the Company will provide that employee costs will come from pretax income. Effective for the Plan Year beginning January 1, 2012 and through the term of the Agreement, employees may choose to enroll in the following: Medical: Plan Year Company Cost Employee Cost PPO 2012 75% 25% 2013 75% 25% 2014 65% 35% Account Based Health Plan 80% 20% Dental: 2012 70% 30% 2013 60% 40% 2014 50% 50% Vision: 2012 75% 25% 2013 50% 50% 2014 0% 100% LTD: 2012 100% 0% 2013 75% 25% 2014 75% 25% To the extent provided by law, the Company will provide that employee costs will come from pretax income. The following Plan Designs will be effective January 1, 2012: IN OUT IN OUT Deductible $1,000/$3,000 $2,000/$6,000 $2,000/$4,000 $6,000/$12,000 Out-of-Pocket Maximum (Includes Deductible) $4,000/$8,000 $8,000/$16,000 $4,000/$8,000 $12,000/$24,000 Lifetime Maximum Unlimited Unlimited Preventive Care 100% 100% 100% 100% Inpatient 80% after deductible $300 co-pay 60% after deductible $600 co-pay 80% after deductible 60% after deductible Outpatient Surgery 80% after deductible + $300 co-pay 60% after deductible + $600 co-pay 80% after deductible 60% after deductible PCP $20 co-pay 60% after deductible 80% after deductible 60% after deductible Specialist Physician $40 co-pay 60% after deductible 80% after deductible 60% after deductible Emergency Room 80% + $50 co-pay (waived if admitted) 80% after deductible RX - Retail $50 deductible + $10 (no deductible)/$30/$55. The lesser of 10% or $150/person/year up to $2,000/person/year OOP for specialty and biotech drugs. 80% after deductible RX - Mail $50 deductible + $25 (no deductible)/$75/$137. The lesser of 10% or $300/person/year up to $2,000/person/year OOP for specialty and biotech drugs 80% after deductible 28.3 The Company will provide Health Care and Dependent Ca...
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Related to OTHER BENEFITS AND COVERAGES

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

  • Other Benefits and Perquisites The Executive shall be entitled to participate in the benefit plans provided by the Company for all employees, generally, and for the Company’s executive employees. The Company shall be entitled to change or terminate these plans in its sole discretion at any time.

  • Other Benefit Plans It is understood that the Employer retains any existing rights which he may have, in his exclusive discretion, to alter, amend, cancel, or terminate any existing employee benefit plan or plans or part thereof that are not provided for in this Agreement.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • ’ Compensation Insurance and Disability Benefits Requirements New York State Workers’ Compensation Law (WCL) §57 & §220 requires the heads of all municipal and state entities to ensure that businesses applying for permits, licenses or contracts, document that they have appropriate workers’ compensation and disability benefits insurance coverage. These requirements apply to both original contracts and renewals, whether the governmental agency is having the work done or is simply issuing the permit, license or contract. Failure to provide proof of such coverage or a legal exemption will result in a rejection of a Vendor Submission or renewal. A Vendor may not be awarded a Contract unless proof of workers’ compensation and disability insurance is provided to OGS. 1. Proof of Compliance with Workers’ Compensation Coverage Requirements: An XXXXX form (certificate of insurance) is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a Vendor/Contractor shall: a) Be legally exempt from obtaining Workers’ Compensation insurance coverage; or b) Obtain such coverage from an insurance carrier; or c) Be a Workers’ Compensation Board-approved self-insured employer or participate in an authorized self-insurance plan. A Vendor seeking to enter into a Contract with the State of New York shall provide one of the following forms to OGS at the time of Vendor Submission, and thereafter, within three (3) days of request: a) Form CE-200, Certificate of Attestation for New York Entities With No Employees and Certain Out of State Entities, That New York State Workers’ Compensation and/or Disability Benefits Insurance Coverage is Not Required, which is available on the Workers’ Compensation Board’s website (xxx.xxx.xx.xxx); (Reference applicable Solicitation and Group #s on the form.); b) Certificate of Workers’ Compensation Insurance: i) Form C-105.2 (9/07) if coverage is provided by the Vendor/Contractor’s insurance carrier, the Vendor/Contractor must request that its insurance carrier send this form to OGS, or ii) Form U-26.3 if coverage is provided by the State Insurance Fund, the Vendor/Contractor must request that the State Insurance Fund send this form to OGS; c) Form SI-12, Certificate of Workers’ Compensation Self-Insurance available from the New York State Workers’ Compensation Board’s Self-Insurance Office; or d) Form GSI-105.2, Certificate of Participation in Workers’ Compensation Group Self-Insurance available from the Vendor/Contractor’s Group Self-Insurance Administrator.

  • Relation to Other Benefits Any economic or other benefit to the Grantee under this Agreement or the Plan shall not be taken into account in determining any benefits to which the Grantee may be entitled under any profit-sharing, retirement or other benefit or compensation plan maintained by the Company or any of its Subsidiaries and shall not affect the amount of any life insurance coverage available to any beneficiary under any life insurance plan covering employees of the Company or any of its Subsidiaries.

  • WORKERS' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • No Other Benefits Executive understands and acknowledges that the compensation specified in Sections 2 and 3 of this Agreement shall be in lieu of any and all other compensation, benefits and plans.

  • Coordination of Benefits and Subrogation IPA and HMO shall establish and implement a system for coordination of benefits and subrogation, in accordance with those rules established under the HMO's policies and procedures and applicable federal and state laws. If known to IPA, IPA shall identify and inform HMO of Members for whom coordination of benefits and subrogation opportunities exist. HMO hereby authorizes IPA to seek payment, on a fee-for service basis or otherwise, from any insurance carrier, organization, or government agency which is primarily responsible for the payment or provision of medical services provided by IPA under this Agreement which can be recovered by reason of coordination of benefits, motor vehicle injury, worker's compensation, temporary disability, occupational disease, or similar exclusionary or limiting provisions, to the extent authorized by the applicable and not otherwise prohibited by law.

  • Relationship to Other Benefits No payment under this Agreement shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company or any Subsidiary or Affiliate except as otherwise specifically provided in such other plan.

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