Other Retiree Benefits. (a) Retirees shall be entitled to purchase prescription drugs at invoice cost at the Outpatient Pharmacy.
(b) In addition to any rights under COBRA, employees hired on or before April 14, 2005 who leave and are vested and at least age 55 will be allowed to continue their health care until the employee is eligible for Medicare by paying the group rate premiums themselves.
Other Retiree Benefits. (a) Retirees shall be entitled to purchase prescription drugs at invoice cost at the McLaren owned and operated outpatient pharmacy (e.g. MOH and MGL locations).
(b) In addition to any rights under COBRA, employees hired on or before ratification of this Agreement, who leave and are vested and at least age 55 will be allowed to continue their health care until the employee is eligible for Medicare 100% of the premium after the COBRA period has ended themselves.
Other Retiree Benefits. As of January 17, 2004, Dxxxxxxx shall continue to participate in the comprehensive medical and dental plan for designated retiring executives to which he is a current participant. T&B shall provide such lifetime coverage for Dxxxxxxx and Lxxx (the current covered dependent) at no cost to Dxxxxxxx; however, as a retiree at or over age 65, Medicare shall become the primary provider and the T&B Executive Medical and Dental plans shall become secondary. If T&B reasonably determines that the coverage required under this Section 2(a)(5) would cause the medical and dental plan to violate any provision of the Internal Revenue Code (or regulations thereunder) prohibiting discrimination in favor of highly compensated employees or key employees, or if any benefits described in this Section 2(a)(5) cannot be provided (or T&B determines that it does not wish to provide such benefits) pursuant to the medical and dental plan, T&B shall provide such benefits outside such plan at no additional cost (including, without limitation, tax costs) to Dxxxxxxx. The benefits provided under this Section 2(a)(5) on and after a Change of Control, as defined in T&B’s 1993 Management Stock Ownership Plan, shall be no less than the benefits provided to Dxxxxxxx and Lxxx under this Section 2(a)(5) on the day before the Change of Control.
Other Retiree Benefits. As of May 7, 1997, Xxxxxxxx shall be entitled to all standard benefits, perquisites and executive benefits which T&B provides for retiring senior corporate executives, including, but not limited to, Major Medical coverage for him and his wife for as long as either lives.
Other Retiree Benefits. Deltacare HMO • VSP Vision • Note, if a more expensive plan is chosen, then the retiree must pre-pay the total (e.g., annual) cost difference for the entire plan during open enrollment prior to the beginning of the plan year/period
Other Retiree Benefits
