Examples of Welfare Benefit Coverage in a sentence
Continued Welfare Benefit Coverage for Executive and his/her eligible dependents at the active employee rate for a period of (1) 3 years following the date of Executive's Covered Termination which occurs following a Change of Control or (2) 18 months following any other Covered Termination.
The Employer will provide, or will cause to be provided, continued Welfare Benefit Coverage (as in effect from time to time for similarly situated active employees) for Executive and Executive's eligible dependents at the active employee rate for a period of 2 years following the date of Executive's Covered Termination.
An Employee who is laid off will be eligible for continued Health & Welfare Benefit Coverage (i.e. basic medical, extended & dental) for sixty (60) days after the end of the month of lay-off.
The Employer will provide, or will cause to be provided, continued Welfare Benefit Coverage (as in effect from time to time for similarly situated active employees) for Executive and Executive’s eligible dependents at the active employee rate for a period of 2 years following the date of Executive’s Covered Termination.
Subject to Executive’s payment of applicable premiums on the same basis as similarly situated active executives of the Company, continued Welfare Benefit Coverage for Executive and his eligible dependents for a period of two years following the date of Executive’s Covered Termination.
The flexible spending account options offered to Xxxxxxx and Louisburg Employees under the Interim Welfare Benefit Coverage for the 2010 calendar year shall limit maximum annual elections for Xxxxxxx and Louisburg Employees to no more than $4,992 for dependent care flexible spending account benefits and $4,992 for health care flexible spending account benefits.
The Company shall also provide the Executive and/or his eligible dependents with access to retiree medical coverage in accordance with Section 3(h) following the provision of the Continued Welfare Benefit Coverage as pursuant to Section 4(b).
Novant and/or one or more of its Affiliates shall pay HMA the full premium cost (for insured benefits) and full premium equivalent cost (for self-insured benefits) for such Interim Welfare Benefit Coverage, except to the extent the premium cost is paid pursuant to withholding from or salary deduction elections relating to applicable employees’ compensation.
The proof of (65) follows from Lemma 6 which is detailed in Appendix VII.
Novant’s payments to HMA shall be made on or before last day of month for which such Interim Welfare Benefit Coverage is provided.