CONTINUATION OF BENEFITS FOR EARLY RETIREES Sample Clauses

CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early between the ages of fifty- five (55) and sixty-four (64) and their dependent spouse as described in the Sifto Canada group plan. This benefit shall cease when the employee reaches age sixty-five (65). If such an employee reaches age sixty-five (65), the Company shall pay fifty percent (50%) of the premium for Major Medical for their dependent spouse until the earlier of sixty (60) months or until the last day of the month in which the spouse reaches the age of sixty- five (65). Dental (modules 1 & 3) is extended and vision benefits to the major medical benefit at 50% contribution. Voluntary option for dental (module 2) election at open enrollment. Early retiree will pay 100% of the voluntary benefit for dental module 2.
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CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early. This benefit shall cease when the employee reaches age sixty-five (65).
Sample 1Sample 2
CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early between the ages of fifty- five (55) and sixty-four (64) and their dependent spouse as described in the Sifto Canada group plan. This benefit shall cease when the employee reaches age sixty-five (65). If such an employee reaches age sixty-five (65), the Company shall pay fifty percent (50%) of the premium for Major Medical for their dependent spouse until the earlier of sixty (60) months or until the last day of the month in which the spouse reaches the age of sixty- five (65).
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CONTINUATION OF BENEFITS FOR EARLY RETIREES i) The Company agrees to pay fifty percent (50%) of the cost of premiums for Major Medical, Hospital Coverage, Dental (Modules I & III) and Vision Care premiums for employees who retire between the ages of fifty-five (55) and sixty-four (64) and their dependent spouse and eligible dependents as described in the Compass Minerals Canada Corp. group plan until the employee turns age sixty-five (65). Employees who retire between the ages of fifty-five (55) and sixty-four (64) may elect to voluntarily apply for Dental Module II coverage by paying one- hundred percent (100%) of the cost of the coverage premiums.
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CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay 100% of the cost of the Provincial Health Plan and Major Medical for employees who retire early. This benefit shall cease when the employee reaches age sixty-five (65). (1992)
Sample 1
CONTINUATION OF BENEFITS FOR EARLY RETIREES. If approved by the insurance underwriters, and if there is no increased cost to the Board, a teacher who retires from the teaching profession and the Board prior to age 65 may retain membership in group benefit plans (medical/dental/vision, group life, A.D.&D.) to which the teacher belongs at the time of retirement until the teacher attains the age of 65 years. A teacher may retain membership in (a) group life and accidental death and dismemberment, or (b) all the group benefit plans referred to above. The retired teacher must pay the full premium cost to maintain the teacher's participation and coverage under the group insurance contracts. A teacher who retires early and chooses to retain his/her benefit coverage must establish a pre-authorized debit arrangement with the Board so the monthly premiums are automatically paid from the teacher’s designated bank account. If the necessary arrangements are not made by the teacher or if any of the pre-authorized debit transactions are not honoured at the bank, the group insurance coverage will terminate 30 days from the date the debit transaction was to have taken place. LETTER OF INTENT Re: Teacher Development Account A one-time allowance for each full-time teacher shall be provided for the 2004/2005 school year in an amount as determined by the Ministry of Education. The allowance shall be used for expenses incurred for computers, software, peripherals, professional material and courses. The parties shall jointly establish reimbursement procedures, which shall include a May 31, 2006 expenditure deadline. Teachers teaching less than full-time shall receive a prorated portion of the allowance. It is understood and intended that reimbursements made under the Teacher Development Account are non-taxable, but that is the responsibility of the individual teacher, and the Board accepts no liability for any tax-related issues. It is also understood that any monies not expended from the fund on August 31, 2006, shall be allocated to the Union’s professional development fund to be used for professional development purposes. Signed at Whitby, this day of 2005. For The Board: THE DURHAM DISTRICT SCHOOL BOARD THE ELEMENTARY TEACHERS’ FEDERATION OF ONTARIO DURHAM TEACHERS’ LOCAL
Sample 1
CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early between the ages of fifty- five (55) and sixty-four (64) and their dependent spouse as described in the Compass Minerals Canada group plan. This benefit shall cease when the employee reaches age sixty-five (65). If such an employee reaches age sixty-five (65), the Company shall pay fifty percent (50%) of the premium for Major Medical for their dependent spouse until the earlier of sixty (60) months or until the last day of the month in which the spouse reaches the age of sixty- five (65). Dental (modules 1 & 3) is extended and vision benefits to the major medical benefit at 50% contribution. Voluntary option for dental (module 2) election at open enrollment. Early retiree will pay 100% of the voluntary benefit for dental module 2. To be eligible for the benefits set forth in (o), an employee must have been hired on or before June 30, 2018. After March 15, 2021, to be eligible for the benefits set forth in (o), an employee must have been hired before June 30, 2018, and have fifteen (15) years of continuous service.
Sample 1
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CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) the cost of Major Medical for who early. benefit shall cease when the reaches sixty-five (65).
Sample 1

Related to CONTINUATION OF BENEFITS FOR EARLY RETIREES

  • Continuation of Benefits Following the termination of Executive’s employment hereunder, the Executive shall have the right to continue in the Company’s group health insurance plan or other Company benefit program as may be required by COBRA or any other federal or state law or regulation.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • Restoration of Benefits The correction method should restore the plan to the position it would have been in had the failure not occurred, including restoration of current and former participants and beneficiaries to the benefits and rights they would have had if the failure had not occurred.

  • Payment of Benefits Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

  • Limitation of Benefits (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution by the Company to or for the benefit of the Executive (whether payable or distributable pursuant to the terms of this Agreement or otherwise) (a "Payment") would, if paid, be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the Payment shall be reduced to the extent necessary to avoid the imposition of the Excise Tax. The Executive may select the Payments to be limited or reduced.

  • Integration of Benefits If you are disabled, the monthly payments under this plan will be reduced by the amount of any Periodic Payments you are entitled to apply for and receive with respect to the disability under any Workplace Safety & Insurance Act, the Canada Pension Plan or the Quebec Pension Plan. The amounts deducted will not include any additional benefits payable for children or subsequent cost of living increases.

  • Explanation of Benefits Contractor shall send each Enrollee an Explanation of Benefits to Enrollees in Plans that issue Explanation of Benefits or similar documents as required by Federal and State laws, rules, and regulations. The Explanation of Benefits and other documents shall be in a form that is consistent with industry standards.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

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