Common use of Benefit Plans Coverage Clause in Contracts

Benefit Plans Coverage. The employee will continue to be covered by the Supplementary Health, Dental and Life Insurance until he/she reaches 65 years of age. Benefits of the aforesaid plans are subject to the provisions of the collective agreement in effect at the time of retirement and as amended in subsequent negotiations except that the coverage in accordance with the life insurance plan will be equal to the full basic coverage which will be reduced only when the employee reaches 65 years of age. The Company will pay the total cost of these plans.

Benefit Plans Coverage. The employee will continue to be covered by the Supplementary Health, Dental and Life Insurance until he/she reaches 65 years of ageage sixty-five (65). Benefits of the aforesaid plans are subject to the provisions of the collective agreement Collective Agreement in effect at the time of retirement and as amended in subsequent negotiations negotiations, except that the coverage in accordance with the life insurance plan will be equal to the full basic coverage which will be reduced only when the employee reaches 65 years of age. The Company will pay the total cost of these plans.