Spousal Rule Sample Clauses

Spousal Rule. Effective August 1, 2011, a Spousal Rule shall be implemented for all employees. The Spouse of an employee shall be eligible to remain on the Corporation Group Health Plan in the event that said spouse does not have access to coverage through their employment. All dependents shall be allowed to remain on the Corporation Group Health Plan per applicable laws.
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Spousal Rule. If your spouse works full time for an employer that offers medical insurance for its employees and your spouse’s employer shares in the cost of that coverage and the employer’s contribution meets the ACA affordability guidelines (the employee is responsible for providing sufficient documentation if their spouse’s employer does not meet the ACA affordability guidelines), your spouse must enroll in that employer’s medical plan first, and that plan becomes primary for the spouse. You may then enroll your spouse in the Employee Health Plan, and the two plans will coordinate benefits as terms and conditions of the respective Plans allow. Medical insurance benefits shall continue to the dependent surviving spouse of a deceased employee, to include dependent children, provided that at the time of death the employee had completed at least ten (10) years of credited service with the Company. Continuation of coverage under this provision shall cease upon the remarriage of the dependent surviving spouse.
Spousal Rule. In order for the spouses of District employees to be covered by the District health insurance benefits, the spouse's contribution (premium share) must exceed the following cost of such other insurance: • 2019- 30% • 2020-30% • 2021-35% • 2022-40% • 2023-50% The percentages above will be based on the non-district employer plan that is the same or similar actuarial value (closest in actuarial value) of the District plan. The District will provide the Association with the actuarial value of the District-provided plan no later than one month before open enrollment. Proof of such actuarial value(s) must be provided annually in writing no later than December 1 for the following Agreement coverage year. An employee and spouse may opt back into the District health insurance coverage on a date other than January 1 of each year if the employee and spouse were covered under a group health plan that was discontinued or cancelled. If the employee or spouse lost the other coverage as a result of the individual's failure to pay premiums or for cause (such as making a fraudulent claim), that individual does not have a special enrollment right.
Spousal Rule. Effective January 1, 2024, the spouse of an employee will only be eligible to be covered by the District’s healthcare benefits if the premium payment required by the spouse’s employer for single employee coverage on the least valued health care plan provided by the spouse’s employer is in excess of fifty percent (50%) of the spouse’s employer’s COBRA rate for the plan. A form shall be issued annually to the MBU and MBU’s spouse’s employer to determine the eligibility of the spouse. Failure to complete the form by the close of enrollment will result in automatic spousal ineligibility for that plan year.

Related to Spousal Rule

  • Spousal Coverage Any new Participants to the COG, after June 30, 2015, with working spouses who have the ability to be covered under an insurance plan through his/her place of employment, will be required to take his/her plan as their primary plan. This provision does not apply to a participant who had insurance with one COG employer and immediately thereafter, moved to another COG employer. If the spouse is required to pay forty (40%) percent or more of the premium with his/her employer, the requirements of this section shall not apply.

  • Spousal Consent If any individual Stockholder is married on the date of this Agreement, such Stockholder’s spouse shall execute and deliver to the Company a consent of spouse in the form of Exhibit B hereto (“Consent of Spouse”), effective on the date hereof. Notwithstanding the execution and delivery thereof, such consent shall not be deemed to confer or convey to the spouse any rights in such Stockholder’s Shares that do not otherwise exist by operation of law or the agreement of the parties. If any individual Stockholder should marry or remarry subsequent to the date of this Agreement, such Stockholder shall within thirty (30) days thereafter obtain his/her new spouse’s acknowledgement of and consent to the existence and binding effect of all restrictions contained in this Agreement by causing such spouse to execute and deliver a Consent of Spouse acknowledging the restrictions and obligations contained in this Agreement and agreeing and consenting to the same.

  • TAX LIMITATION ELIGIBILITY In order to be eligible and entitled to receive the value limitation identified in Section 2.4 for the Qualified Property identified in Article III, the Applicant shall: A. have completed the Applicant’s Qualified Investment in the amount of Ten Million Dollars ($10,000,000) during the Qualifying Time Period; B. have created and maintained, subject to the provisions of Section 313.0276 of the TEXAS TAX CODE, New Qualifying Jobs as required by the Act; and C. pay an average weekly wage of at least $678.25 for all New Non-Qualifying Jobs created by the Applicant.

  • Beneficiary Designation The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Director of Human Resources of the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Beneficiary Designations The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

  • Adoption Agreement The document executed by the Employer through which it adopts the Plan and agrees to be bound by all terms and conditions of the Plan.

  • Beneficiary Designation: Change The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

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