Other Post-Employment Benefits. (a) Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period; provided, however, that if Employee becomes employed by a new employer during that period, continuing coverage from ARAMARK will become secondary to any coverage afforded by the new employer. Employee's share of the premiums will be deducted from Employee's severance payments. Basic Group medical coverage provided during such period shall be applied against ARAMARK's obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under the terms of the plans providing such coverages.
Other Post-Employment Benefits. Effective July 1, 2012, members of the Fire Department shall contribute one-half percent (½%) of the member’s salary toward the Other Post Employment Benefits (“OPEB”) obligation of the Town. Effective July 1, 2014, said OPEB contribution shall increase to one percent (1%) of the member’s salary.
Other Post-Employment Benefits a. Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period. Employee's share of the premiums will be deducted from Employee's severance payments. Basic Group medical coverage provided during such period shall be applied against ARAMARK's obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under plan provisions.
Other Post-Employment Benefits a. Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period; provided, however, that if Employee becomes employed by a new employer during that period, continuing coverage from Aramark will become secondary to any coverage afforded by the new employer. Employee’s share of the premiums will be deducted from Employee’s severance payments. Basic Group medical coverage provided during such period shall be applied against Aramark’s obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under the terms of the plans providing such coverages.
Other Post-Employment Benefits. (“OPEB”) and Pension Costs The annual cash payment made by the City to fund pensions and OPEB shall be allocated to the Public Water Supply System based on the percentage of the present value of future benefits for eligible pension system participants who are employed in or retired from the City’s Water Department.
Other Post-Employment Benefits. (a) Basic Group medical, dental and vision coverage shall continue to be provided to the Employee and his eligible dependents on substantially the same terms, costs and conditions as applied immediately prior to the effective date of termination, for the period commencing on the effective date of termination and ending on the date on which Employee turns age 65 (the “Health Coverage Period”), subject to any changes to such coverage or costs that apply to similarly situated active employees of Aramark generally; provided, however, that if the Employee becomes employed by a new employer during the Health Coverage Period, continuing coverage from Aramark hereunder and the Health Coverage Period will immediately terminate, so long as the Employee elects to participate in such new employer’s coverage. During the Health Coverage Period, the Employee shall pay the employee portion of the applicable monthly premiums due in respect of such medical, dental and vision coverage received by the Employee and his eligible dependents, on the same terms and conditions (including premium amount and payment timing) that the Employee would have paid had he remained employed during such month (the “Employee Premium Payments”); provided, however, that if the Employee fails to make any Employee Premium Payments for a period of 90 consecutive days, Aramark shall have the right in its sole discretion to immediately terminate such continuing coverage, subject to Aramark’s obligation to continue to provide the Employee with group medical, dental and vision coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Notwithstanding the foregoing, Aramark reserves the right to restructure the foregoing arrangement during the Health Coverage Period in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to Aramark or the Employee (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by Aramark in its sole and absolute discretion; provided, however, that any such restructure to the arrangement will not result in a material cost increase to the Employee. Basic Group medical, dental and vision coverage provided during the Health Coverage Period shall be applied against Aramark’s obligation to continue group medical, dental and vision coverage under COBRA. For the avoi...
Other Post-Employment Benefits. In addition to the benefits provided elsewhere in this Agreement, for a period of five years after the termination of Executive's employment with the Company (by the Company or Executive for any reason), at the Company's expense, the Executive shall be entitled to participate in all group health and insurance programs and all other benefits, fringe benefits and perquisites available generally to senior executives of the Company (including in the case of health programs, continued coverage for the Executive's spouse and eligible dependents). In the event that the Executive's participation in any such plan or program is prohibited by operation of law or by the terms of such plan or program as in effect immediately preceding the date of termination of employment, the Company shall arrange to provide the Executive, at the Company's expense, with benefits substantially similar to those which the Executive would have been entitled to receive under such plans and programs.
Other Post-Employment Benefits. Such negotiations shall be subject to the impasse/fact-finding procedures of Xxxxxxxxxx County Code Section 33-153.
Other Post-Employment Benefits. This Article will sunset on July 1, 2012, and will not be in effect for any employee hired on or after this date. After fifteen (15) years of satisfactory service with the District and upon reaching the age of fifty (50), an employee will become eligible for early retirement insurance protection. The District will pay the level of medical, vision and dental benefits for the employee and dependents at the level all other same hours employees receive for five (5) years, unless the employee becomes eligible for Medicare. The employee will then be allowed to continue to receive medical, vision, and dental insurance benefits, provided such coverage is offered by the insurer, at his or her own expense until eligibility for Medicare.
Other Post-Employment Benefits. (OPEB) The City and HPOA recognize the need to fund retiree medical. As such, beginning with the pay period that includes July 1, 2018, employees represented by HPOA shall contribute one percent (1%) of base salary (excluding all special pays, allowances and overtime), to an irrevocable trust to fund the unfunded retiree medical obligations. The contribution made by employees to the trust fund shall be exclusively allocated for the expense of retiree healthcare of its members. This provision shall remain in effect until such time that a successor agreement has been negotiated.
