Welfare Insurance Sample Clauses

Welfare Insurance. 28.01 (a) The Company will provide benefits equivalent to the current Extended Health Care Plan except that, effective January 1, 2017, the drug dispensing fee cap will increase to $9.00. 28.02 The Company will continue to provide the present dental plan benefits for the life of this Collective Agreement, however; (a) Benefits will be based on the previous year O.D.A. schedule of fees (one year lag), however, the maintenance benefits of the plan will be on a 90-10 co-insurance basis and the dentures benefits will continue on a 50-50 co-insurance basis. (b) There will be a cap of $1,700.00 per person per year on all basic dental treatment. 28.03 The Company will provide Group Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance under the terms and conditions in the Group Life Insurance Policy as follows: (a) Effective January 1, 2016 Amount of Life Amount of AD&D $47,000.00 $47,000.00 (b) For all employees with fifteen years or more of service, who retire after January 1, 2017, the Company will provide a Term Insurance in the amount of $15,000. (a) Weekly Benefit Insurance shall be subject to the terms and conditions set out in the Group Health Insurance Policy. Effective for all new claims arising on or after January 1, 2017: The Company shall amend the Weekly Benefit Insurance so that the principal features are a weekly benefit of approximately 2/3 of regular weekly earnings without premium up to a maximum benefit of $650.00 per week commencing on the first day in the case of accident, first day in the case of hospitalization, fourth day in case of illness and extending for a maximum period of 43 weeks for any one accident or illness. Effective January 1, 2020 the weekly maximum benefit will increase to $675.00 and effective January 1, 2021, the weekly maximum benefit will increase to $700.00. Above Weekly Benefit Insurance will not be paid for any day on which the employee is on paid vacation or a paid plant holiday or floater. 28.05 Effective from the date of ratification the Company will provide a family optical plan under the terms and conditions of the Insurance Carrier as follows; $250.00 eyeglass/contacts benefit per family member every two
Sample 1
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Welfare Insurance. During the employment term with Party A, Party A shall provide Party B with all social insurances and housing fund that are required by PRC government. The above mentioned social insurances are listed in the employee handbook which is effective during the employment term of Party B. Party B shall register the social insurance with Party A per Party A’s requirement. If the social insurance is not paid in sufficiency or on time due to Party B’s failure to register the social insurance with Party A promptly, Party B shall be responsible for the consequences and Party A shall not be obliged to make up the differences. Party B’s salary during the period of medical treatment for maternity, sickness or non-work related injury shall follow the relevant rules of the state and Beijing. Please refer to the Work Attendance and Leave Policies for the detailed calculation method.
Sample 1

Related to Welfare Insurance

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Vision Care Insurance The District agrees to provide vision care insurance for 39 eligible employees. The Medical Eye Services plan provides one (1) comprehensive 40 examination every twelve (12) consecutive months; two (2) pairs of lenses in any 41 twenty-four (24) consecutive months. Employee is responsible for paying a ten 42 dollar ($10) deductible per calendar year. Prior enrollment in the plan is required. 43

  • Retiree Insurance Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • Fire Insurance The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

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