RETIRED MEMBER’S BENEFITS Sample Clauses

RETIRED MEMBER’S BENEFITS. (a) The Board will pay ninety (90) percent of the premium as set out in Article 9.01(a), (c), (d), (e) and (f) for those members on retirement between the age of 50 and 60 providing there is no lapse or withdrawal from the plan in force by the Board.
Sample 1
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RETIRED MEMBER’S BENEFITS. Upon retirement, members with at least five continuous years' coverage immediately preceding retirement are covered by Life Insurance for the first twelve calendar months following the month in which retirement commenced and Life Insurance thereafter. Effective September employees who are or more and have age plus service of years or more who elect to take early retirement will have Prescription Drug Plan, Vision Care and Dental Plan coverage until age Continuation of Benefits During Disability Employees who become disabled, and in receipt of a benefit from the Weekly Indemnity Plan, will remain covered by the Benefits provided them at the onset of disability while so disabled, up to the Maximum Benefit Period of the Weekly Indemnity Plan described herein. If the disability is compensable by Workers’ Compensation, then the benefits described herein will be continued for months or cessation of Workers’ Compensation, whichever is earlier. BENEFITS Life Insurance (Employee Only) The benefit is provided by a Group Term Life Insurance Policy, which provides that premium payments are waived, and the benefit at the onset of disability remains in force, up to Age in the event of total and permanent disability occurring while insured and before Age Waiver of Premium is provided for all employees on under occupation” or “any conditions. At age the Life Insurance Benefit for Retired Employees becomes effective if the disabled employee has fulfilled the five year coverage requirement. Employees who terminate employment may convert to an individual Life Insurance Policy, without evidence of good health, by making written application to the Insurer within days of the date employment terminates. Effective September the Amount of Life Insurance will be Accidental Death and Dismemberment (Employee Only) This benefit provides the payment of a Principal Sum, or part thereof, for losses that occur within days of a causative accident. In the case of life, the benefit is payable to the employee's named beneficiary under the Life Insurance Benefit; for other losses, the benefit is payable to the employee. TABLE OF BENEFITS For loss of: Amount Life (in addition to the Life Insurance) Both Eyes Both Hands Both Feet One Hand and One Foot One Hand and Sight of One Eye One Foot and Sight of One Eye One Leg One Arm One Hand Sight of One Eye Both the Thumb and Index Finger of One Hand
Sample 1
RETIRED MEMBER’S BENEFITS. Upon retirement, members with at least five continuous years' coverage immediately preceding retirement are covered by Life Insurance for the first twelve calendar months following the month in which retirement commenced and Life Insurance thereafter. Effective September employees who are or more and have age plus service of years or more who elect to take early retirement will have Prescription Drug Plan, Vision Care and Dental Plan coverage until age Continuation of Benefits During Disability - - Employees who become disabled, and in receipt of a benefit from the Weekly Indemnity Plan, will remain covered by the Benefits provided them at the onset of disability while so disabled, up to the Maximum Benefit Period of the Weekly Indemnity Plan described herein. If the disability is compensable by Workers' Compensation, then the benefits described herein will be continued for months or cessation of Workers' Compensation, whichever is earlier. BENEFITS
Sample 1
RETIRED MEMBER’S BENEFITS. Upon retirement, members with at least five (5) continuous years’ coverage immediately preceding retirement are covered by Life Insurance for the first twelve (12) calendar monthsfoilowing the month in which retirement commenced and Life Insurance thereafter. Effective with those employees who retire on or after September and at that time are at least Age and have at least twenty (20) years’ service with the Company and have chosen Early Retirement, such employees will remain covered to Age by the Prescription Drug Plan and effective October Visioncare Plan coverage will be provided as described herein.
Sample 1

Related to RETIRED MEMBER’S BENEFITS

  • 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. .

  • Membership Benefits The benefits of CamCare programs are available only while your membership is current and active. Benefits are term year specific so they can only be used during the current active plan agreement period. Members have the ability to change their plan from one plan to another but the plans cannot be unbundled. Each plan has been designed carefully to include those elements associated with the main intent of a particular plan.

  • Layoff Benefits All rights to which a certificated employee was entitled at the time of his/her layoff including unused accumulated sick leave and credits toward leave eligibility will be restored to the certificated employee upon his/her return to active employment, and the certificated employee will be placed upon the proper step of the salary schedule for the certificated employee's current position according to the certificated employee's experience and education.

  • 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.

  • Survivor’s Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • 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.

  • Member Benefits The members shall be entitled to the following benefits during the term of this Agreement, save and except as otherwise hereinafter provided:

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

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

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