Retiree Medical Plan. Effective August 1, 1993, and as amended herein by the Board of Supervisors, the County shall administer a Retiree Medical Plan (Plan) for employees to include a Retiree Medical Grant (Grant) or a lump sum benefits (Lump Sum) as set forth below. New employees hired on or after October 12, 2007 are not eligible for the Grant or Lump Sum.
Retiree Medical Plan. Before the Effective Time, Adient shall establish the Adient U.S. Retiree Medical Plan and the Adient U.S. VEBA.
Retiree Medical Plan. (1) Employees hired on or before December 31, 1995 shall retain Citizens Retiree Medical with prescriptions and retiree life insurance. Only those employees who are in the bargaining unit covered by this collective bargaining agreement as of December 31, 1995 are eligible to receive this benefit.
Retiree Medical Plan. As of the Distribution Date, PHH shall have adopted, approved and established the PHH Corporation Retiree Medical Plan, and Cendant shall have adopted the Cendant corporation Retiree Medical Plan, in such forms substantially as previously disclosed to each other. Following the Distribution Date (i) PHH shall assume any and all retiree medical and retiree insurance obligations, to the extent in existence immediately prior to the Distribution Date, related to any person who is actively employed by PHH immediately following the Distribution Date and (ii) Cendant shall retain any and all retiree medical and retiree insurance obligations, to the extent in existence immediately prior to the Distribution Date, related to both (A) any person who was formerly employed by PHH and has retired by either PHH or Cendant prior to the Distribution Date and (B) any person who does not become an employee of PHH immediately following the Distribution Date.
Retiree Medical Plan. From and after the Closing, Stockholder shall take all reasonable action to maintain retiree medical benefits under Stockholder’s retiree medical plan for those Applicable Employees who are eligible to receive such retiree medical benefits under such retiree medical plan of Stockholder as of the Closing Date. This Agreement does not limit Stockholder’s ability to terminate or otherwise amend Stockholder’s retiree medical coverage following the Closing; provided, that, as a result of such amendment or termination, such Applicable Employees are treated no less favorably than the employees of Stockholder generally.
Retiree Medical Plan. The Seller shall, on and after the Closing Date, continue to provide retiree medical coverage under its Retiree Medical Plan for Fasco Employees to individuals and their eligible spouses and dependents who are receiving retiree medical benefits as of the Closing Date ("Company Retirees"); provided, however, that the Seller may, at any time, in Seller's sole discretion (subject to applicable Laws), revise or terminate the medical coverage as applicable to such Company Retirees at the same time and in the same manner that such coverage is revised or terminated with respect to all other similarly-situated individuals under the Retiree Medical Plan for Fasco Employees.
Retiree Medical Plan. The term “Retiree Medical Plan” means and includes the KeyCorp Retiree Medical Plan as may be from time to time amended, restated, or otherwise modified, including any plan that, after the Effective Date, succeeds, replaces, or is substituted for that plan. In the event that the Plan is terminated without a successor plan being substituted for the Retiree Medical Plan, then in such event, for purposes of this Agreement only, Xxxxx (and his eligible dependents) shall be provided with individual medical coverage which, at a minimum, will be comparable to the medical coverage provided, or which would have been provided to Xxxxx under the terms of the Retiree Medical Plan, and which shall satisfy Key’s obligations with regard to Section 7.1, Section 7.2 and Section 7.3 hereof.
Retiree Medical Plan. The Retiree Medical Plan provides benefits for bargaining unit employees entering retirement, their spouse or same-sex domestic partner and their other dependents. The Plan also provides benefits for survivors of retirees and survivors of active employees who died after reaching age 65. The Plan does not provide medical coverage directly; instead, it offsets part of the cost of the medical plan selected by the retiree or survivor from among the options described in Section 2, Group Hospital-Medical Insurance Plan, and Section 3, Health Maintenance Organizations (HMOs). To fund the Plan, the company established and contributes money to a trust fund. Continued company contributions are subject to certain contingencies. Your rights and amount of benefit under the Plan will be determined in accordance with Plan language, the pertinent company Policies and Practices, and the date you were hired or rehired. The table below presents the current (monthly) values of the Defined Dollar Benefit (DDB) to be paid by the Retiree Medical Plan for calendar year 2022. Retirees (and survivors of retirees) hired or rehired on or after July 1, 1987, will receive a fraction of the DDB in accordance with the schedule in the table entitled “Percentage of Defined Dollar Benefit to be paid by the Plan for Eligible Employees Hired or Rehired on or after July 1, 1987 (Tier B).” The participating retiree or survivor is required to share in the premiums for the medical provider of choice to the extent it exceeds the Plan’s current contribution. Monthly Defined Dollar Benefit to be Paid by the Plan for Eligible Retirees Category Monthly Defined Dollar Benefit from the Retiree Medical Plan (CY22) Retiree/Survivor Only $244.00 Retirees + 1 or more dependents $488.00 A bargaining unit employee entering retirement will be charged the lesser of (i) the active employee premium cost-sharing rate or (ii) the then-current retiree premium cost-sharing rate for the selected medical provider as determined by applying 100% of the DDB to the premium charged by the medical provider, regardless of the date of hire. Notwithstanding anything in this Agreement to the contrary, the retiree medical transition rates (Section 1.2.1), will only apply from August 1st to July 31st, up to a one (1) year period and will be subject to the then current retiree medical rates in effect. Note that retirees can waive and subsequently restart retiree medical coverage during the retiree open enrollment period or within 3...
Retiree Medical Plan. Allow employees to enroll in the retiree medical plan through the Association of Washington Cities if eligible. Eligible employees shall meet the eligibility requirements established by the AWC Benefits Trust.
Retiree Medical Plan. As of the Effective Time, the Surviving -------------------- Corporation shall assume the Parent's obligation to provide retiree medical coverage (i.e., medical coverage for periods after retirement from active employment) to Active Employees and their dependents (obligations taken into account for purposes of calculating the Company's and/or the Parent's accumulated post-retirement benefit obligation with respect to medical coverage with respect to the Active Employees and their dependents, within the meaning of, and determined in accordance with Financial Accounting Statement 106), and shall provide such medical coverage under a group health plan (within the meaning of Section 5000(b)(1) of the Code).
