Executive Health Insurance definition

Executive Health Insurance. Active GMC members receive supplemental health coverage with a maximum annual benefit of $25,000 per executive family. (This is in addition to the regular employee health insurance coverage.) Upon retirement, the maximum annual benefit remains unchanged. Upon death, the maximum annual family benefit for eligible dependents becomes $12,500 per year for life.
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Executive Health Insurance. If you have not already received your annual Executive Health Exam by your Separation Date, you may still receive the exam no later than November 30, 2013.
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Executive Health Insurance. The CEO receives supplemental health coverage with a maximum annual benefit of $25,000 per executive family. (This is in addition to the regular employee health insurance coverage.) Upon retirement, the maximum annual benefit remains unchanged. Upon death, the maximum annual family benefit for eligible dependents becomes $12,500 per year for life.
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Examples of Executive Health Insurance in a sentence

  • Executive shall be entitled to participate in Diamond’s Executive Health Insurance Package available to Diamond executives upon Start Date, subject to its terms and conditions as in effect from time to time.

  • Should the Bank elect to fund this Executive Health Insurance Plan, in whole or in part, through the purchase of life insurance, mutual funds, disability policies or annuities, the Bank reserves the absolute right, in its sole discretion, to terminate such funding at any time, in whole or in part.

  • As Plan Administrator, the Bank shall be responsible for the management, control and administration of the Executive Health Insurance Plan.

  • If any term, provision, covenant, or condition of this Executive Health Insurance Plan is determined by an arbitrator or a court, as the case may be, to be invalid, void, or unenforceable, such determination shall not render any other term, provision, covenant, or condition invalid, void, or unenforceable, and the Executive Health Insurance Plan shall remain in full force and effect notwithstanding such partial invalidity.

  • The Plan Administrator may delegate to others certain aspects of the management and operation responsibilities of the Executive Health Insurance Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Headings and subheadings in this Executive Health Insurance Plan are inserted for reference and convenience only and shall not be deemed a part of this Executive Health Insurance Plan.

  • The Bank reserves the absolute right, at its sole discretion, to either fund the obligations undertaken by this Executive Health Insurance Plan or to refrain from funding the same and to determine the extent, nature and method of such funding.

  • The Bank shall have no obligation to set aside, earmark or entrust any fund or money with which to pay its obligations under this Executive Health Insurance Plan.

  • No provision of this Executive Health Insurance Plan shall be deemed to restrict or limit any existing employment agreement by and between the Bank and the Executive, nor shall any conditions herein create specific employment rights to the Executive nor limit the right of the Employer to discharge the Executive with or without cause.

  • The Effective Date of the Executive Health Insurance Plan shall be December 20, 2007.

Related to Executive Health Insurance

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Accident and health insurance means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Health Insurance Portability and Accountability Act means the Health Insurance Portability and Accountability Act of 1996, Pub. L. No. 104-191, 110 Stat. 1936, as amended.

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Health plan or "health benefit plan" means any policy,

  • Health Plans means any and all individual and family health and hospitalization insurance and/or self-insurance plans, medical reimbursement plans, prescription drug plans, dental plans and other health and/or wellness plans.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Health means physical or mental health; and

  • Home health aide means an individual employed by a home health agency to provide home health services under the direction of a registered nurse or therapist.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.