Retiree Insurance Premium Contributions Sample Clauses

Retiree Insurance Premium Contributions. Retirees that receive an insurance benefit will pay the current active amount of their insurance premium as negotiated year to year. As of June 30, 2000, all retirees that qualify for lifetime Medicare supplemental insurance will not be required to pay any amount towards their Medicare supplemental insurance premium once they and/or their spouse reach age 65. They will still be required to pay the requisite premium contribution amount. To qualify for a "dual insurance" pre-65 health benefit, both retirees will be required to pay the requisite premium contribution amount.‌ The premium contribution required will follow the retiree until the termination of the benefit period or death of the retiree. The premium contribution will be subject to the annual inflationary trend of insurance premiums. The non-payment of insurance premium contributions will result in the termination of insurance benefits. All past-due amounts will be reviewed after 90 days. If a retiree withdraws or is terminated from any part of the insurance plan, the retiree shall not be allowed to enroll at a later date. The employee shall have the right to appeal the determination of years of employment (URS Service) pertaining to this policy. The Superintendent of Schools will review appeals.
Sample 1
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Related to Retiree Insurance Premium Contributions

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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