Voluntary Termination of Coverage Sample Clauses

Voluntary Termination of Coverage a. A Contractholder may voluntarily end coverage at any time by submitting a written request for termination to AvMed. The termination request must be received by us at least 14 days in advance of your requested termination date, and must include the name and Member identification number of each Member whose coverage is to be terminated. If you enrolled through the Marketplace, your termination request will be processed and Premiums will be pro- rated accordingly. If you enrolled outside the Marketplace, termination will be effective on the last day of the month in which your request is received. A voluntary termination request cannot be applied retroactively. b. Coverage will remain in effect between the date we receive your request and the date coverage ends. You are responsible for paying the Premium due for any period of time we provide coverage until the date coverage terminates, or for any amounts you may otherwise owe us. c. If you terminate coverage you will not be able to enroll in a new plan until the next annual OEP, unless you qualify for an SEP. Non-payment of Premium does not constitute voluntary termination.
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Voluntary Termination of Coverage. In groups with Open Enrollment, a Subscriber who cancels his plan may only re-enroll at the next Open Enrollment.
Sample 1
Voluntary Termination of Coverage. In groups with Open Enrollment, a Subscriber who cancels his plan may only re-enroll at the next Open Enrollment. In groups not offering Open Enrollment, a Subscriber who cancels his plan and wants to reenroll will be a Late Enrollee. The requirements of Late Enrollment will apply.
Sample 1
Voluntary Termination of Coverage. The District agrees to pay, each year, any full-time employee who voluntarily terminates coverage with the District Two Thousand Dollars ($2,000.00). This payment will be made in two (2) One Thousand Dollar ($1,000.00) installments on the second regularly scheduled payday in December and June to all employees then on the payroll. To be eligible for this payment, the employee must decline coverage for one (1) year from the effective date of benefit elections and must provide proof of other healthcare coverage via spouse or otherwise. Consistent with applicable eligibility criteria, election of this option shall be binding and may not be changed except during regularly scheduled enrollment periods or in the event the employee loses alternative healthcare coverage due to qualifying event (e.g. spouse’s loss of employment or death). In such circumstances, the employee may select coverage during the course of the benefits year at a prorated yearly cost.
Sample 1

Related to Voluntary Termination of Coverage

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Involuntary Termination “Involuntary Termination” shall mean (i) without the Employee’s express written consent, the significant reduction of the Employee’s duties or responsibilities relative to the Employee’s duties or responsibilities in effect immediately prior to such reduction; provided, however, that a reduction in duties or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of Company remains as such following a Change of Control and is not made the Chief Financial Officer of the acquiring corporation) shall not constitute an “Involuntary Termination”; (ii) without the Employee’s express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee’s express written consent, a material reduction by the Company in the Base Compensation or Target Incentive of the Employee as in effect immediately prior to such reduction, or the ineligibility of the Employee to continue to participate in any long-term incentive plan of the Company; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or a location more than 50 miles from the Employee’s then present location, without the Employee’s express written consent; (vi) any purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or (vii) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 10 below.

  • Voluntary Termination or Reduction The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a larger multiple of $1,000,000 in excess thereof and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed the total Commitments.

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