Eligibility for Retiree Health Benefits. Unless otherwise required by the medical provider’s contract or modified through negotiations, the County shall provide payment toward each retiree’s medical/dental premiums, provided such person retires from active County service on or after November 4, 1990, and remains uninterrupted in the medical plan provided by the County. Such payment shall equal ten (10) percent of such premium and only apply to retirees having a minimum of ten (10) years of County service. Such County service need not be continuous.
Eligibility for Retiree Health Benefits. A. Unit Members Working for the AUSD prior to July 1, 2002:
Eligibility for Retiree Health Benefits. The applicable premium amount for benefits under the PNM Resources, Inc. Comprehensive Retiree Health Plan, or its successor, will be determined by including the Credited Service granted under this Agreement. Notwithstanding the preceding sentence, in the event Employee is terminated by Company for Cause, unless otherwise determined by the Human Resources and Compensation Committee of the Board of Directors of PNM Resources or its successor (the “Committee”), all Credited Service granted under this Agreement shall be disregarded for purposes of calculating the applicable premium amount. Employee acknowledges that the difference between the standard applicable premium under the Retiree Health Plan and the reduced premiums called for by this Section will be treated as taxable compensation to Employee.
Eligibility for Retiree Health Benefits. Executive will receive [_______ (______)] months of additional credited service solely for purposes of determining eligibility (but not the time of commencement or level of benefits) of the Executive for retiree health benefits pursuant to such retiree health plans, practices, programs and policies as the Company may have in effect at the time of Executive’s termination of employment. If Executive is at least age fifty (50) on the date of Executive’s termination of employment, Executive will be deemed fully eligible for retiree health benefits under such plans, practices, programs and policies as the Company may have in effect at the time of Executive’s termination of employment. Notwithstanding the foregoing, Executive shall not receive the foregoing additional service credit or age 50 eligibility terms to the extent that such benefits result in excise tax penalties for the Company (or any parent or subsidiary or successor of the Company) under applicable laws (including, without limitation, Section 2716 of the Public Health Service Act).
