Coverage under the Sample Clauses
Coverage under the. Lubrizol Corporation Executive Death Benefit Plan at the later of January 1, 2008 or age 60, provided he is still employed with the Company at such time.
Coverage under the. Medical Plan for any participant shall immediately terminate on the earliest of the following dates:
a) The last day of the calendar month during which the participant voluntarily terminates or is dismissed from the employment of the Company, or otherwise ceases active work for the Company, except:
1) In the event of retirement, the participant is eligible for continuance of coverage on the date of his retirement, provided he was covered under the Plan on the day prior to his retirement. However, a participant who terminates employment with the Company with vested retirement rights in the Company's Retirement Plan and later retires upon reaching normal retirement age, is not eligible for coverage under this Plan;
b) The last day of the calendar month during which the participant enters full-time military service;
c) The last day of the calendar month for which contributions were last paid;
d) The date the Plan terminates.
Coverage under the. Plan begins after thirty (30) days from the date of hire or the date which the employee enrolls, whichever is later. This provision will also apply to part-time employees working at least twenty four (24) hours per week.
Coverage under the. State Dental Plan. The State Dental Plan will provide the following coverage:
Coverage under the. Lubrizol Corporation Officers’ Supplemental Retirement Plan (SORP) at the later of January 1, 2008 or age 60, provided he is still employed with the Company at such time. At age 61, the amount provided will be at least $50,000; at age 62, at least $100,000; at age 63, at least $150,000; at age 64, at least $200,000; and at age 65, at least $250,000, with such amounts comprised of the amount calculated under the SORP, and if lesser than the amounts previously cited, through additional payments made by the Company to the Executive. Any additional payments made by the Company shall be made in the same form and time as payments made under the SORP. Notwithstanding the foregoing, the amount provided under this Section 1.C. will be at least $100,000 as of January 2, 2009, provided Executive signs a General Release provided by the Company. The Company shall withhold from any payment hereunder the amount required to pay applicable withholding taxes.
Coverage under the primary policies has no deductible features unless there is a check mark here ( ). If there are deductible features or the insured has adopted a funded self-insurance program, such arrangements are fully explained on an attached sheet which becomes a part of this Certificate.
Coverage under the above Plans becomes effective from the first day of the calendar month following the date of enrolment.
