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.
(2) Citizens Retiree Medical shall not apply to employees hired on or after January 1, 1996.
(3) (RELOCATED FROM ATTACHMENT #2) “Courtland Employees”: Those former GTE employees covered by this accretion will continue to be covered by the Retiree and Medical Life Insurance Program (x-GTE) in effect as of February 1997. However, in accordance with the October 1, 1999 collective bargaining agreement, such employees will be offered the retiree medical buy-out option contained in Article 24.
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. 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. 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. 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 Parties agree that the regardless of the actual date of Employee’s termination, Employee shall be entitled to participate in the Company retiree medical plan as in effect on the Effective Date.
Retiree Medical Plan. As soon as practicable after the Closing Date, the Purchaser shall cause the Company to amend, clarify or otherwise modify the Company's medical benefits plan for retirees (the "Retiree Medical Plan"), effective as of the Closing Date, as follows (the "Retiree Medical Plan Modifications"): (i) the definition of "retiree" for purposes of determining eligibility for participation in the Retiree Medical Plan includes only those persons who are at least 55 years of age and who have at least 10 years of service with the Company immediately preceding the Closing Date; (ii) clarify that each eligible participant in the Retiree Medical Plan is responsible for 100% of the actual costs (as actuarilly determined) of his or her coverage under the Retiree Medical Plan; and (iii) clarify that eligibility for participation in the Retiree Medical Plan shall be limited to those persons who meet the definition of "retiree" as modified in clause (i) above as of the Closing Date. The Purchaser shall cause the Company to provide all notices and take all other actions required by the Retiree Medical Plan and under applicable laws in connection with the Retiree Medical Plan Modifications. The Seller shall indemnify and hold harmless the Company and the Purchaser with respect to any claims asserted
Retiree Medical Plan. Effective as of the Closing, the Seller or one of its Affiliates shall cause each Company Employee who participates in the Phelps Dodge Corporation Retiree Medical Plan or any other plan or prxxxxx providing post-termination medical or life insurance benefits to cease to accrue any benefits thereunder and otherwise cease to participate therein. Effective as of the Closing, the Seller shall, or shall cause one of its Affiliates other than the Company to, assume or maintain sponsorship of and be solely responsible for all benefits accrued under the Phelps Dodge Corporation Retiree Medical Plan and any other plan or pxxxxxx providing post-termination medical or life insurance benefits. Neither the Company, nor Purchaser nor any of its Affiliates shall assume any liabilities or obligations under, arising out of or relating to the Phelps Dodge Corporation Retiree Medical Plan or any other plan or prxxxxx providing post-termination medical or life insurance benefits.
