Common use of Benefit Plans Coverage Clause in Contracts

Benefit Plans Coverage. The employee will continue to be covered by Supplementary Health, Dental and Life Insurance until age sixty-five (65). 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 years of age. The Company will pay the total cost of these plans. Miscellaneous Benefits in accordance with this plan are in addition to the benefits provided for by the Canada Pension Plan and are not limited or reduced by the aforesaid benefits or the payment of benefits in accordance with the Unemployment Insurance Plan of Canada. However, an employee eligible for this plan will not be eligible for any benefits in accordance with the Weekly Indemnity Plan and the Long Term Disability Plan. The cost of all the improved early retirement benefits will be incurred by the Company. If the employee satisfies all the eligibility requirements stated in paragraph above, he may make a written request to the Company in order to receive the benefits of the present plan. Such a request by the employee will entail a voluntary separation. An eligible employee will retire the first of the month following the date the request has been accepted. The present plan only applicable to employees who meet the requirements during the life of this agreement.

Benefit Plans Coverage. The employee will continue to be covered by the Supplementary Health, Dental and Life Insurance until age sixty-five (65)reaches years of age. 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 years of age. The Company will pay the total cost of these plans. Miscellaneous Benefits in accordance with this plan are in addition to the benefits provided for by the Canada Pension Plan and are not limited or reduced by the aforesaid benefits or the payment of benefits in accordance with the Unemployment Insurance Plan unemployment insurance plan of Canada. However, an employee eligible for this plan will not be eligible for any benefits in accordance with the Weekly Indemnity Plan and the Long Term Disability Plan. The cost of all the improved early retirement benefits will be incurred by the Company. If the employee satisfies all the eligibility requirements stated in paragraph above, he may make a written request to the Company in order to receive the benefits of the present plan. Such a request by the employee will entail a voluntary separationleave. An eligible employee will retire the first of the month following the date the request has been accepted. The This present plan is only applicable to employees who meet the requirements during the life of this agreement.