Benefit Modifications Sample Clauses
The Benefit Modifications clause outlines the conditions under which the benefits provided under an agreement or plan may be changed, increased, reduced, or otherwise adjusted. Typically, this clause specifies the process for making such modifications, such as requiring advance notice to participants or approval by a governing body, and may detail which benefits are subject to change and which are protected. Its core practical function is to provide flexibility for the plan sponsor or employer to adapt benefit offerings in response to changing circumstances, while also informing participants of their rights and any limitations, thereby managing expectations and reducing potential disputes.
Benefit Modifications. The parties agree to continue the Police Pension Plan with the following benefit improvements to become effective July 1, 1983. The plan document will be revised where appropriate to reflect these changes.
Benefit Modifications. The Company may, acting reasonably, modify the terms and conditions of any Benefit and the premium cost sharing with Executive (collectively the “Benefit Modifications”) from time to time. The Company will give Executive written notice of the Benefit Modifications and thereafter the Benefit Modifications will be binding on Executive as a term of the Agreement.
Benefit Modifications. From the Effective Date of this Agreement and thereafter until the Closing Date, BCBSMo agrees that no Policy has been or will be rewritten, substantially changed, or in any way affected by BCBSMo, except in individual cases in the normal course of business.
Benefit Modifications. Health Partners shall determine, in its sole discretion, additions or reductions to benefits, financed by CMS, Contracted Provider Enrollee premium revenues, and employer group premiums for retiree accounts, which may be required from time to time in connection with changes to CMS payment rates and local competitive market conditions. All such additions or reductions will be reviewed and approved by CMS during the regulatory review process. Contractor shall be given reasonable notice of and opportunity to comment on proposed changes.