RETIREE BENEFIT COVERAGE Sample Clauses

RETIREE BENEFIT COVERAGE. If a full-time employee retires between ages 55 and 60 with thirty (30) or more years of service (85 points), the Company will pay one-half (½) the cost of the medical insurance until the employee reaches age 65. Further, if a full-time employee retires between ages 60 and 64 with thirty (30) or more years of service (90 points), the Company will pay all of the cost of the medical insurance until he reaches age 65.
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RETIREE BENEFIT COVERAGE. 20.01 The Township shall provide retiree benefit coverage through the Township's Group Benefits provider for retirees taking an OMERS Pension prior to age 65
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RETIREE BENEFIT COVERAGE. Benefit Plan to provide coverage for eligible employees at retirement for premiums and coverage up to a maximum of claims after the plan's deductible is met. and AGGREGATES, CONCRETE ASPHALT CONTRACT The company shall pay the full premium for eligible employees. The Company shall have in place an plan. shall support certain expenses of the Union’s volunteer co-ordinator by providing two hundred dollars ($200.00) per month to the Union. A money purchase pension plan shall be provided as follows: The employer shall contribute for each employee nine (9 of his earned basic monthly salary upon completion of three (3) months continuous service. The employee may contribute on a voluntary basis. Portable within and no waiting period for a plan participant when changing employers. All Employer contributions to be fully vested for each employee. Employee to have option of in existing Company plan, if any (Company not obliged to pay into more than one Plan). Employee leaving service entitled to return of his contributions, plus interest. Joint trusteeship. Employer to notify employees annually as to amount of contributions made to Xxxxxxx & Associates, Plan Administrators, and will provide an annual financial statement on the members account. health plan benefits will be made available to employees who retire January pursuant to Appendix hereto and as to be finalized by the Plan Trustees. Any work necessary for the safety of the vessel, passengers, crew or cargo, or for the saving of other vessels, lives, cargoes, or tows, shall be performed at any time on immediate call by all crew members notwithstanding any provision or agreement which might be construed to the contrary. Payment of overtime shall not apply in the event of an emergency at sea involving the safety of the vessels and crew. Whenever practicable, lifeboat and other emergency drills shall be held on week-days between the hours of a.m. and Preparations for drills such as stretching out fire hoses and hoisting or out boats shall not be made prior to the signal for such drills, After drill is over all hands shall secure boats and gear and replace fire hoses in safe custody, In no event shall overtime be paid for work performed in connection with such drills.
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RETIREE BENEFIT COVERAGE 
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Related to RETIREE BENEFIT COVERAGE

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • COMPENSATION COVERAGE (a) When an employee is injured at work and goes on Compensation, he or she shall, when the Compensation Board signifies that the employee may go to work, be returned to the payroll at his or her previous job and rate of pay for a period of one (1) week, to see if he or she is able to do the job he or she held at the time of the injury.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • EMPLOYEE BENEFIT PROGRAM (i) During the TERM, the EMPLOYEE shall be entitled to participate in all formally established employee benefit, bonus, pension and profit-sharing plans and similar programs that are maintained by the EMPLOYERS from time to time, including programs in respect of group health, disability or life insurance, reimbursement of membership fees in civic, social and professional organizations and all employee benefit plans or programs hereafter adopted in writing by the Boards of Directors of the EMPLOYERS, for which senior management personnel are eligible, including any employee stock ownership plan, stock option plan or other stock benefit plan (hereinafter collectively referred to as the "BENEFIT PLANS"). Notwithstanding the foregoing sentence, the EMPLOYERS may discontinue or terminate at any time any such BENEFIT PLANS, now existing or hereafter adopted, to the extent permitted by the terms of such plans and shall not be required to compensate the EMPLOYEE for such discontinuance or termination.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Workers’ Compensation Coverage Consultant certifies that Consultant has qualified for workers’ compensation as required by the State of Oregon. Consultant shall provide the Owner, within ten (10) days after execution of this Agreement, a certificate of insurance evidencing coverage of all subject workers under Oregon’s workers’ compensation statutes. The insurance certificate and policy shall indicate that the policy shall not be terminated by the insurance carrier without thirty (30) days’ advance written notice to City. All agents or Consultants of Consultant shall maintain such insurance.

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