Post Age 65 Benefits Sample Clauses

Post Age 65 Benefits. Full-Time Employees* who continue to be actively employed past the age of 65 shall be eligible for the following benefits under the same cost sharing basis as full-time active Employees under the age of 65 except as modified below: After age 65: - Life Insurance at $30,000 - Extended Health as per the collective agreement - Vision Care as per the collective agreement - Dental as per the collective agreement - Hearing as per the collective agreement - Prorata Formula as per the collective agreement - Sick Leave, EI Top up and Weekly Indemnity as per the collective agreement After Age 70: - Extended Health as per the collective agreement - Vision Care as per the collective agreement - Dental as per the collective agreement - Hearing as per the collective agreement - Prorata Formula as per the collective agreement - Accumulating Sick days and EI Top up as per the collective agreement – Sick Leave for the first week of any illness - $0.157 in lieu of weekly indemnity benefits and life insurance *also includes Permanent Part-Time Employees who continue to be actively employed after age 65 and are enrolled in the Benefit Plans. In addition, part- time Employees who in the past chose to remain in the prorata benefits scheme and who continue to be actively employed after age 65 and are currently enrolled in the Benefit Plans will also be included.
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Post Age 65 Benefits. Employees* who continue to be actively employed past the age of 65 shall be eligible for the following benefits under the same cost sharing basis as active employees under the age of 65 except as modified below: After age 65: • Life Insurance at $25, 000 • Extended Health as per the collective agreement • Vision Care as per the collective agreement • Dental as per the collective agreement • Hearing as per the collective agreement • Prorata Formula as per the collective agreement After Age 70: • Extended Health as per the collective agreement • Vision Care as per the collective agreement • Dental as per the collective agreement • Hearing as per the collective agreement • Prorata Formula as per the collective agreement *also includes Part-Time employees who continue to be actively employed after age 65 and are enrolled in the Benefit Plans
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Post Age 65 Benefits. ‌ The terms of the collective agreement shall apply to employees who are over the age of 65 except health and welfare benefits under Article 24 will be subject to the limitations under the benefit plans.
Sample 1
Post Age 65 Benefits. Effective as soon as practical but in no event later than sixty (60) days following the date of the Letter of Understanding, Employees* who continue to be actively employed past the age of 65 shall be eligible for the following benefits under the same cost sharing basis as active employees under the age of 65 except as modified below: After age 65: ● Life Insurance at $30,000 ● Extended Health as per the collective agreement ● Vision Care as per the collective agreement ● Dental as per the collective agreement ● Hearing as per the collective agreement ● Prorata Formula as per the collective agreement After Age 70: ● Extended Health as per the collective agreement ● Vision Care as per the collective agreement ● Dental as per the collective agreement ● Hearing as per the collective agreement ● Prorata Formula as per the collective agreement *also includes Part-Time employees who continue to be actively employed after age 65 and are enrolled in the Benefit Plans
Sample 1
Post Age 65 Benefits. Effective as soon as practical but in no event later than sixty (60) days following the date of the Letter of Understanding, Employees* who continue to be actively employed past the age of 65 shall be eligible for the following sick leave benefits under the same cost sharing basis as active employees under the age of 65 except as modified below After Age 65: ● Sick Leave, EI Top up and Weekly Indemnity as per the collective agreement After Age 70: ● Accumulating Sick days and EI Top up as per the collective agreement - Sick Leave for the first week of any illness ● $0.16/hr in lieu of weekly indemnity benefits under this Article and life insurance under Article 22. *also includes Part-Time employees who continue to be actively employed after age 65 and are enrolled in the Benefit Plans
Sample 1
Post Age 65 Benefits. Employees who are eligible for benefits under the collective agreement and continue to be actively employed past the age of 65 shall be eligible for the following benefits under the same cost sharing basis as an active employees under the age of 65 except as modified below: After Age 65: • Life Insurance as per the entitlement in the collective agreement • Extended Health as per the entitlement in the collective agreement • Vision Care as per the entitlement in the collective agreement • Dental as per the entitlement in the collective agreement • Hearing as per the entitlement in the collective agreement • Prorata Formula as per the entitlement in the collective agreement (if applicable) • Sick Leave, El Top up and Weekly Indemnity as per the entitlement in the collective agreement (if applicable) After Age 70: • Extended Health as per the entitlement in the collective agreement • Vision Care as per the entitlement in the collective agreement • Dental as per the entitlement in the collective agreement • Hearing as per the entitlement in the collective agreement • Prorata Formula as per the entitlement in the collective agreement (if applicable) • Accumulating Sick days as per the collective agreement (if applicable) • El Top up and Weekly Indemnity as per the entitlement in the collective agreement (if applicable) • $0.03/hr worked in lieu of life insurance
Sample 1

Related to Post Age 65 Benefits

  • 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.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Sick Benefits 15.01 Eligible employees will receive Short Term Disability Benefits in accordance with the terms and conditions outlined in the STD Plan Text, a copy of which has been supplied to the Union. The STD plan forms part of this Collective Agreement.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

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