Examples of Company Health Plan in a sentence
Executive and/or his qualified beneficiaries shall pay the full cost of any Company Health Plan coverage continued pursuant to the immediately preceding sentence.
No event has occurred and, to the Knowledge of the Company, no condition or circumstance exists, that could reasonably be expected to subject the Company, or any Company Health Plan to penalties or excise Taxes under Sections 4980D, 4980H, or 4980I of the Code or any other provision of the Healthcare Reform Laws.
If at the time of such Eligible Employee's termination of employment with the Employer, the Eligible Employee continues to receive medical benefits under the Company Health Plan under provisions of the Company Health Plan that provide benefits to certain retirees who are not eligible for coverage under Medicare, then the Eligible Employee will become a Participant at the time the Eligible Employee is no longer eligible to receive such retiree medical benefits under the Company Health Plan.
If at the time of an Eligible Employee's termination of employment with the Employer, the Eligible Employee is not entitled to receive medical benefits under the provisions of Company Health Plan under paragraphs (a) or (b) of this Section 3.5, then the Eligible Employee will become a Participant at the time of the Eligible Employee's termination of employment with the Employer.
Benefits provided hereunder for a Participant who is eligible for medical coverage under Medicare will be comparable to the medical coverage provided under the Company Health Plan for retired employees of Seaboard Corporation eligible for Medicare coverage at the time of the adoption of this Plan, except that the Benefits will not be subject to any overall lifetime or annual maximum dollar limits.
In the case of a Participant who was a participant in the Company Health Plan at the time of becoming a Participant, the Company will determine "comparable" based upon the medical benefits of such Participant in the Company Health Plan immediately prior to becoming a Participant.
To the knowledge of the Company, no Company Health Plan will cease to do business with the Company or will materially decrease the volume of business with the Company, after, or as a result of, the consummation of the Transaction by Purchaser.
The Management Company has confirmed that it is in possession of: (A) the eligibility tapes for each Company Health Plan (B) the physician credentialing records of all the physicians who are a party to the Company Provider Contracts (C) all patient records, including case management reports and notes, claims paid history (at least 24 months), and (D) any and all data relating to Management Company’s management of Company.
If prior to the termination of employment of an Eligible Employee the Company terminates the Company Health Plan, then the Eligible Employee will become a Participant at the time of the termination of the Company Health Plan.
If at the time of the Eligible Employee's termination of employment with the Employer, the Eligible Employee continues to receive medical benefits under the Company Health Plan pursuant to the provisions of COBRA, then the Eligible Employee will become a Participant upon the expiration of the period that such individual is receiving medical benefits pursuant to the provisions of COBRA.