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Premium Based Benefits Sample Clauses

Premium Based Benefits. Summary Eligibility Pre-2015 Benefits Provisions Effective January 1, 2015 Enrolment
Premium Based Benefits. 24.01 Full-time or permanent part-time employees are eligible to participate in certain premium-based benefit plans, subject to certain conditions. 24.02 These are the benefits: (a) This plan does not provide semi-private hospitalization coverage. (b) Effective April 1, 1997, a Group Life Insurance Benefit in the amount of one (1) time annual salary with an accidental death and dismemberment rider. (c) If the employee is qualified, and participates in a benefit, then unless the Employer pays 100% of the premium, their contribution and the Employer’s contribution will be based on the number of hours they are regularly scheduled to work. (d) Basic Dental Plan, subject to a 10/20 single/family deductible, with reimbursement based on the 1990 Ontario Dental Association fee schedule. There shall be a one- year lag in the Ontario Dental Plan. (e) All of the terms and conditions of the plans shall be subject to the contract between the insurance Company and the Employer. 24.03 It is agreed that the Employer may change the carrier of any plan, provided there is no reduction benefits, and provided that the Employer gives the Union not less than sixty (60) days’ notice of such change, furnishes the Union with full particulars of the plan to be substituted, and if requested to do so, meets with the negotiating committee to discuss and explain the changes proposed.
Premium Based Benefits. 24.01 Full-time employees are eligible to participate in certain premium based benefit plans, subject to certain conditions. (a) This plan does not provide semi-private hospitalization coverage. (b) A group Life Insurance benefit with an accidental death and dismemberment rider effective June 1, 2009 the Life Insurance shall be $28,000.00. (c) A basic dental plan, subject to a 10/20 single/family deductible, with reimbursement based on the 1990 Ontario Dental Association fee schedule. The reimbursement will be amended to be based on a one year lag ODA fee schedule, with annual updates. 24.03 It is agreed that the Employer may change the carrier of any plan, provided there is no reduction in benefits, and provided that the Employer gives the Union not less than sixty (60) days’ notice of such change, furnishes the Union with full particulars of the plan to be substituted, and if requested to do so, meets with the negotiating committee to discuss and explain the changes proposed.
Premium Based Benefits. Summary Eligibility
Premium Based Benefits. (a) , and all are subject to any requirements of the Carrier in respect of eligibility or enrollment. You will be given a booklet when you enroll. Please read it carefully. This is just a summary.
Premium Based Benefits. 24.01 Full-time employees are eligible to participate in certain premium based benefit plans, subject to certain conditions. (a) This plan does not provide semi-private hospitalization coverage. Effective January 1, 2017, reimbursement for prescribed drugs covered by the Plan will be based on the cost of the lowest cost interchangeable drug, unless there is a documented adverse reaction to the drug or where the employee's doctor stipulates in writing that there are other medical reasons why the lowest cost interchangeable drug cannot be prescribed. There is a calendar year maximum of $15,000.00 per insured person per calendar year on prescription drugs. (b) A group Life Insurance benefit with an accidental death and dismemberment rider effective June 1, 2009 the Life Insurance shall be $28,000.00. (c) A basic dental plan, subject to a 10/20 single/family deductible, with reimbursement based on the 1990 Ontario Dental Association fee schedule. The reimbursement will be amended to be based on a one year lag ODA fee schedule, with annual updates. 24.03 It is agreed that the Employer may change the carrier of any plan, provided there is no reduction in benefits, and provided that the Employer gives the Union not less than sixty (60) days notice of such change, furnishes the Union with full particulars of the plan to be substituted, and if requested to do so, meets with the negotiating committee to discuss and explain the changes proposed.

Related to Premium Based Benefits

  • Covered Benefits Benefits for Bone Mass Measurement for the prevention, diagnosis, and treatment of osteoporosis are covered when requested by a Health Care Provider for a Qualified Individual.

  • Extended Benefits If you are disabled on the date your healthcare coverage ends, your benefits will be temporarily extended for any continuous loss, which commenced while your coverage was in force. The services provided under this benefit are subject to all terms, conditions, limitations and exclusions listed in this agreement, and the care you receive must relate to or arise out of the disability you had on the day your healthcare coverage ended. Extended benefits apply only to the subscriber who is disabled. If you want to receive coverage for continued care when your coverage ends, you must provide us with proof that you are disabled. We will make a determination whether your condition constitutes a disability and you will have the right to appeal our determination or to take legal action. The extension of benefits will end upon the earliest of the following events: • the continuous disability ends; or • twelve (12) months from the termination date; or • payment of the benefit limits under this plan.

  • Insured Benefits A transferring employee will be covered by the benefit plans at the designated Employer. There will be no break in coverage and/or no waiting period prior to being able to receive benefits so long as the waiting period has already been served, subject to the requirements of the carrier.

  • 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 Employer 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, but subject to any deferral election then in effect, 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 at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); 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 on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’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; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

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

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • 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.

  • 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.

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.