Common use of Employee Recognition Program Clause in Contracts

Employee Recognition Program. Full time employees who are 55 years of age or older and have a minimum of twenty years of continuous service with the Company and have elected to apply for and receive an OMERS early retirement pension are eligible to receive extended family health care benefits equivalent to MEA Plan A until they reach age 65. Further, in the event the retiree dies while insured under the extended health plan, such benefits will continue for the surviving spouse until the surviving spouse reaches age 65. The Company shall pay 100 percent of the premium cost as covered in Article 19.1.

Employee Recognition Program. Full time employees who are 55 years of age or older and have a minimum of twenty years of continuous service with the Company and have elected to apply for and receive an OMERS early retirement pension are eligible to receive extended family health care benefits equivalent to MEA Plan A as outlined in Article 19 until they reach age 65. Further, in the event the retiree dies while insured under the extended health plan, such benefits will continue for the surviving spouse until the surviving spouse reaches age 65. The Company shall pay 100 percent of the premium cost as covered in Article 19.1.age