The Capped Retiree Medical Benefits Premium and the Maximum Sample Clauses

The Capped Retiree Medical Benefits Premium and the Maximum. Company Contribution Amount set forth in paragraph 5 above is based upon the $350 deductible coverage option for the period through December 31, 2005, and the $400 deductible coverage option for the period from January 1, 2006 through September 11, 2010. If the retiree elects the $150 deductible coverage option, during the period through December 31, 2005, the Retiree Contribution Amount will increase by the amount the $150 deductible coverage option exceeds the $350 deductible coverage option during that period. If the retiree elects the $200 deductible coverage option, during the period from December 31, 2005 through September 11, 2010, the Retiree Contribution Amount will increase by the amount the $200 deductible coverage option exceeds the $400 deducible coverage option during that period. If the retiree elects the $1000 deductible coverage option, the Retiree contribution amount will decrease by the amount the $1,000 deductible coverage option is less than the $350 deductible coverage option (not to exceed zero) during the period through December 31, 2005, and by the amount it is less than the $400 deductible coverage option during the period from January 1, 2006, through September 11, 2010. When the Retiree Medical Benefit Premiums for the $350 deductible coverage option reach the amounts set forth in the chart in paragraph 5 during the period through December 31, 2005 or when the Retiree Medical Benefit Premiums for the $400 deductible coverage option reach the amounts set forth in the chart in paragraph 5 during the period from January 1, 2006, through September 11, 2010, the Company Contribution amount for all coverage options, including the $150 deductible coverage option, available through December 31, 2005, the $200 deductible coverage option, available from January 1, 2006, through September 11, 2010 and the $1,000 deductible coverage option, shall be capped at that time and the Company shall make no additional contributions toward Retiree Medical Benefits.
Sample 1
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Related to The Capped Retiree Medical Benefits Premium and the Maximum

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • SICK LEAVE WITH PAY LIMITATION 175. An employee who is absent because of disability leave and who is receiving disability indemnity payments may request that the amount of disability indemnity payment be supplemented with salary to be charged against the employee's sick leave with pay credits so as to equal the amount the employee would have earned for a regular work schedule. If the employee wishes to exercise this option, the employee must submit a signed statement to the employee's department no later than thirty (30) days following the employee's release from disability leave.

  • State Employee Group Insurance Program (SEGIP) During the life of this Agreement, the Employer agrees to offer a Group Insurance Program that includes health, dental, life, and disability coverages equivalent to existing coverages, subject to the provisions of this Article. All insurance eligible employees will be provided with a Summary Plan Description (SPD) called “Your Employee Benefits”. Such SPD shall be provided no less than biennially and prior to the beginning of the insurance year. New insurance eligible employees shall receive a SPD within thirty (30) days of their date of eligibility.

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Pre-Retirement Counseling Leave ‌ After reaching earliest retirement age, each employee shall be granted up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement counseling programs. Employees shall request the use of leave provided in this Article at least five (5) days prior to the intended date of use. Authorization for use of pre-retirement counseling leave shall not be withheld unless the Appointing Authority determines that the use of such leave will handicap the efficiency of the employee's work unit. When the dates requested for pre-retirement leave cannot be granted for the above reason, the Agency shall offer the employee a choice from three (3) other sets of dates. The leave herein discussed may be used to investigate and assemble the employee's retirement program, including PERS, Social Security, insurance and other retirement income.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Disability Leave with Pay (A) An employee who sustains a job-related disability and is eligible for disability leave with pay under the provisions of Rule 60L-34, Florida Administrative Code, shall be carried in full-pay status for up to 40 work hours immediately following the onset of the injury without being required to use accrued leave.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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