– RETIREE HEALTHCARE COVERAGE Sample Clauses

– RETIREE HEALTHCARE COVERAGE. Coverage for employees retiring after January 1, 2012, except as otherwise provided for in this contract, shall receive retiree healthcare coverage that is not less in quality than the active employees covered by this agreement and may be better.
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– RETIREE HEALTHCARE COVERAGE. (i) Retirees shall be entitled to purchase prescription drugs at invoice cost at the Medical Center Outpatient Pharmacy.
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– RETIREE HEALTHCARE COVERAGE. The Company's retiree healthcare coverage for Executive and his dependents shall commence at the end of the Separation Period. The level of coverage and costs under such plan for Executive and his dependents will be the same coverage and costs provided on the Separation Date for executives and such coverage shall be 100% vested and shall not be terminated in the future (regardless of any termination of such coverage that may occur that affects other executives). The obligations of this Section 5.4(d) shall terminate upon the later of: (i) the death of the Executive and (ii) the death of his spouse.
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– RETIREE HEALTHCARE COVERAGE. The Company's retiree healthcare coverage for Executive and his dependents shall commence at the end of the Separation Period. The level of coverage and costs under such plan for Executive and his dependents will be the same coverage and costs provided on the Separation Date for executives and the level of coverage and costs to Executive for such coverage shall not be changed in the future (regardless of any changes in such coverages or costs that may be made that affect other executives). The obligations of this Section 5.4(d) shall terminate upon the later of: (i) the death of the Executive and (ii) the death of his spouse. (e)Blount 401(k) Plans - Executive shall receive an additional payment with respect to the Separation Period for the Blount 401(k) Plan in the amount of $7,650.00 in lieu xx such amount becoming part of his account under such Plan, and for the Blount Excess 401(k) Plan in the amount of $00,003.00 in lieu of such amount becoming part of his account under such Plan. Such payments shall be made to Executive within ten (10) days of the Separation Date. Executive may request payment of his account balances in the Blount 401(k) Plan and the Blount Excess 401(k) Plan xx accordance witx xxx terms of such plans. (f)SERP, Individual SERP and Executive SERP - For purposes of the Blount, Inc., and Subsidiaries Supplemental Xxxxxement Benefit Plan ("SERP"), the Blount, Inc. Supplemental Executive Retiremxxx Xxan for John M. Panettiere ("Individual SERP") and xxx Xxxcutive Supplemental Retirement Plan of Blount International, Inc. ("Executive SERP"), Xxecutive shall be entitled on the Separation Date to a 100% vested benefit under the SERP, Individual SERP and Executive SERP and shall be treated on the Separation Date as if he had earned additional years of benefit service equal to the length of the Separation Period and had attained age 65. Executive shall be paid his benefits under the SERP, Individual SERP and Executive SERP in a lump sum in the following amounts: SERP - $1,444,954.68; Individual SERP $2,032,207.77; Executive SERP $3,757,511.09. The lump sum payments to Executive shall be made within ten (10) days of the Separation Date from the Blount, Inc. Executive Benefit Plans Trust, but if thx Xxxxt fails to make any or all of such payments, the unpaid amounts shall be paid by the Company. The Company and the Trust shall have no further obligations to Executive in respect of the SERP, the Individual SERP, the Executive SERP or any other re...
Sample 1

Related to – RETIREE HEALTHCARE COVERAGE

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

  • Long-Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Health Plans The health plans offered and benefits provided by those plans shall be those approved by the City's JLMBC and administered by the Personnel Department in accordance with LAAC Section 4.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Health and Welfare Benefits (Article 17 applies to full-time nurses only)

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Medical Coverage The Executive shall be entitled to such continuation of health care coverage as is required under, and in accordance with, applicable law or otherwise provided in accordance with the Company’s policies. The Executive shall be notified in writing of the Executive’s rights to continue such coverage after the termination of the Executive’s employment pursuant to this Section 3(d)(iv), provided that the Executive timely complies with the conditions to continue such coverage. The Executive understands and acknowledges that the Executive is responsible to make all payments required for any such continued health care coverage that the Executive may choose to receive.

  • Health Care Matters Without limiting the generality of any representation or warranty made in Article 7 or any covenant made in Articles 8 or 9, each Borrower represents and warrants on a joint and several basis to and covenants with the Administrative Agent and each Lender, and shall be deemed to represent, warrant and covenant on each day on which any advance or accommodation in respect of any Loan is requested or made or any Liabilities shall be outstanding under this Agreement (or any Affiliate Term Loan Liabilities shall be outstanding under the Term Loan Agreement), that:

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