Welfare Benefit Plan. Until the Date of Termination, the Employee and/or the Employee’s family, as the case may be, shall be eligible to participate in and shall receive all benefits under each welfare benefit plan of the Company currently maintained or hereinafter established by the Company for the benefit of its employees. Such welfare benefit plans may include, without limitation, medical, dental, disability, group life, accidental death and travel accident insurance plans and programs.
Welfare Benefit Plan. A Welfare Benefit Plan for all BPOA employees has been established in accordance with Section 501(c) (9) (Voluntary Employees Beneficiary Association) of the Internal Revenue Code. The benefits to be provided by the PLAN shall include but are not limited to payment of/or reimbursement for costs associated with the following Post-retirement benefits: medical benefits as provided in Section 213 (d) of the Internal Revenue Code, and Life Benefits.
M.1. All employees shall participate in the PLAN. Contribution to the PLAN shall be one and one-half percent (1½%) of the current base salary step for each employee. Employees shall have the equivalent dollar value deducted from the Flexible Benefit amount established in Article IV.A. The contribution shall be credited to each individual’s PLAN account as delineated in the VEBA Trust Agreement. The balance of the Flexible Benefit amount shall be available for other authorized benefits as provided in this MOU.
M.2. The City may make additional contributions to an individual employee’s PLAN account from the following sources:
M.2.a. Annual conversion of a maximum of 30 hours or the lesser number of hours unused at the end of each calendar year at one half (½) cash value in compliance with current sick leave conversion rules. M.2.b. 70% of the total value of unused accrued sick leave computed from the employee’s last base salary upon retirement from the City’s retirement system, resignation when eligible for such retirement, resignation to enter a City elective office without a break in continuity of City service and serves in such office employment until retired under the City’s retirement system, or upon lay off because of the abolishment of position or employment because of absence of funds. Sick leave earned prior to July 1, 1974, will be available for sick leave use only and will not have monetary value at the time of retirement or death.
Welfare Benefit Plan. The term Welfare Benefit Plan as used in this Article 5 refers to any plan, fund or program as defined under Section 3(1) of the Employee Retirement Income Security Act ("ERISA"), which has been established and is maintained by the Company for the purpose of providing its employees or their beneficiaries, through the purchase of insurance or otherwise, medical, surgical, hospital care or benefits, or benefits in the event of sickness, accident, disability or death, provided that such term shall not include the Xxxxxxx First Endorsement Split-Dollar Life Insurance Program.
Welfare Benefit Plan. Section 1. The Employer will make available to all employees a welfare benefit plan called the Kaleida Health Your Spectrum of Choices Benefits Plan that includes the following options:
a.) Kaleida Health Medical and Prescription Drug Plan; b.) Kaleida Health Dental Plan;
Welfare Benefit Plan. A Welfare Benefit Plan for all BPOA employees has been established in accordance with Section 501(c) (9) (Voluntary Employees Beneficiary Association) of the Internal Revenue Code. The benefits to be provided by the PLAN shall include but are not limited to payment of/or reimbursement for costs associated with the following Post-retirement benefits: medical benefits as provided in Section 213 (d) of the Internal Revenue Code, and Life Benefits.
M.1. All BPOA employees shall participate in the PLAN. Contribution to the PLAN shall be one and one-half percent (1½%) of the current salary step for each member. Members shall have the equivalent dollar value deducted from the Flexible Benefit amount established in Article IV.
A. The contribution shall be credited to each individual’s PLAN account as delineated in the VEBA Trust Agreement. The balance of the Flexible Benefit amount shall be available for other authorized benefits as provided in this MOU.
Welfare Benefit Plan. Until the Date of Termination, the Employee and/or the Employee's family, as the case may be, shall be eligible to participate in and shall receive at the Company's expense all benefits under each welfare benefit plan of the Company currently maintained or hereinafter established by the Company for the benefit of its employees. Such welfare benefit plans may include, without limitation, medical, dental, disability, group life, accidental death and travel accident insurance plans and programs.
Welfare Benefit Plan. Until the Date of Termination, the Executive and/or the Executive's family, as the case may be, shall be eligible to participate in and shall receive all benefits under each welfare benefit plan of the Company
Welfare Benefit Plan. The term Welfare Benefit Plan as used in this Article 5 refers to any plan, fund or program as defined under Section 3(1) of the Employee Retirement Income Security Act ("ERISA"), which has been established and is maintained by the Company for the purpose of providing its employees or their beneficiaries, through the purchase of insurance or otherwise, medical, surgical, hospital care or benefits, or benefits in the event of sickness, accident, disability or death, provided that such term shall not include the Xxxxxxx First Endorsement Split-Dollar Life Insurance Program or the Life Insurance Endorsement Split Dollar Plan Agreement by and between Alliance Bank and Xxxxx X. Xxxxxxxx, dated September 25, 2001, as amended.
Welfare Benefit Plan. Schedule 2.14.4 sets forth a complete and accurate list of each Plan which provides or promises retiree medical, disability or life insurance benefits to any current or former employee, officer or director of the Company. Except as set forth in Schedule 2.14.4, the Company has expressly reserved the right, in all Plan documents relating to welfare benefits provided to employees, former employees, officers, directors and other participants and beneficiaries, to amend, modify or terminate at any time the Plans which provide for welfare benefits and Stockholder is not aware of any fact, event or condition that could reasonably be expected to restrict or impair such right.
Welfare Benefit Plan. (i) From the Effective Date, until the earlier to occur of the date on which (a) the Company adopts a firm-wide medical benefit plan for its employees which fully covers the Employee, his spouse and dependents, or (b) the expiration of the Employee's Consolidated Omnibus Reconciliation Act ("COBRA") medical benefits to which the Employee is entitled to by reason of the termination of his employment with DESI, the Company shall reimburse the Employee for his COBRA medical coverage expenses for himself and his spouse and dependents. Thereafter, during the Employment Period, the Company shall provide the Employer with the medical benefits provided on a firm-wide basis to its senior executives or in the absence of such a plan, the Company shall provide the Employee with medical benefits comparable to the medical benefits available to the Employee at DESI.
(ii) Without limiting the foregoing in any manner, at such time or from time to time, during the Employment Period, as the Company adopts firm-wide welfare benefit plans for its senior executive, the Employee and/or the Employee's family, as the case may be, shall be eligible to participate in and shall receive all benefits under each such welfare benefit plan of the Company. Such welfare benefit plans may include, without limitation, medical, dental, disability, group life, accidental death and travel accident insurance plans and programs.
