Right to Modify Plans Clause Samples
Right to Modify Plans. The Company shall have the right to annually modify plan design and premium costs consistent with changes applicable to company employees generally. The Company will, during the life of the bargaining Agreement, maintain and contribute to the cost of health care insurance for regular full-time bargaining unit personnel as per provided Company Plan. Part-time and temporary employees are not eligible. The offered group insurance plans may be modified from year- to-year for cost containment, during the Company’s annual renewal, legal requirements including the Patient Protection and Affordability Care Act, improve coverage or carrier-imposed changes. It is agreed that the Company and the Union may agree to change vendors of health care, dental care, and life insurance during the life of the Agreement. Any such benefit change will provide comparable coverage/design as the incumbent plan. Should there be a significant change in the plan benefits or a rise in the rates, the Company and Union will meet to resolve any resulting issues. The Company reserves the right to adjust medical insurance coverage in order to comply with any applicable state and federal law/requirements. In the event the Company incurs state or federal penalties, the Company and the Union will renegotiate the handling of the unused health and welfare money. Employees will be allowed to waive medical if they provide proof of other group coverage. The employee is responsible for the taxable portion of the H&W if cash in lieu is selected.
Right to Modify Plans. Client reserves the right to modify, reject, cancel or stop any and all plans, schedules, or work in process. In such event Agency shall immediately take proper steps to carry out Client's instructions. In turn, Client agrees to assume Agency's liability for all authorized commitments; to reimburse Agency for all expenses incurred; to pay Agency any related service charges in accordance with the provisions of this Agreement; and to indemnify Agency for all claims and actions by third parties for damages and expenses that result from carrying out Client's instructions.