Pharmacy Benefit for Retirees Sample Clauses

Pharmacy Benefit for Retirees. The Medical Center shall maintain a program that allows all eligible retiree nurses and their spouses/domiciled adults to purchase pharmaceuticals at Medical Center cost, plus a dispensing fee, from PeaceHealth Oregon Region pharmacies. To be eligible for this benefit, the retiree nurse must have (1) reached age 55, (2) had at least ten (10) years of service within the PeaceHealth system, (3) been in a benefited position at the time of retirement, and
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Pharmacy Benefit for Retirees. Xxxxxx currently enrolled on the plan 13 prior to August 18, 2016 will be given the option to remain on the plan.
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Pharmacy Benefit for Retirees. At the time of ratification this plan will no longer be offered to new participants, however, nurses Nurses currently enrolled on the plan prior to August 18, 2016 will be given the option to remain on the plan.
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Pharmacy Benefit for Retirees. Nurses currently enrolled on the plan 35 prior to August 18, 2016 will be given the option to remain on the plan.
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Pharmacy Benefit for Retirees. The Agency shall participate in the Medical Center’s program that allows all eligible retiree nurses and their spouses/domiciled adults to purchase pharmaceuticals at Medical Center cost, plus a dispensing fee, from PeaceHealth Oregon Region pharmacies. To be eligible for this benefit, the retiree nurse must have (1) reached age 55, (2) had at least ten (10) years of service within the PeaceHealth system, (3) been in a benefited position at the time of retirement, and (4) been enrolled in the Medical Center’s self-insured pharmacy benefit at the time of retirement. The program shall be subject to termination if the Medical Center ceases its self-insured pharmacy benefit, or if a national or state legislated pharmacy plan that is at least substantially equivalent to the Medical Center’s plan becomes available to retiree nurses covered by this program.
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Pharmacy Benefit for Retirees. At the time of 4 ratification this plan will no longer be offered to new participants, 5 however, nurses currently enrolled on the plan will be given the option 6 to remain on the plan.
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Related to Pharmacy Benefit for Retirees

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Public Employees Retirement System “PERS”) Members.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

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