Extended Medical Coverage Clause Samples

Extended Medical Coverage. Regular employees who are not eligible for a service pension and (i) whose employment is terminated as a result of layoff or application of the force adjustment procedures; or (ii) who elect to leave the service of the Company pursuant to the provisions of the Income Protection Plan, shall continue to remain eligible for coverage for up to eighteen (18) months under the Verizon Medical Expense Plan for New York and New England Associates, the Verizon Alternate Choice Plan for New York and New England Associates, or their successor Plans, as follows:

Extended Medical Coverage. 1. Employees (1) whose employment is terminated as a result of layoff or application of the force adjustment procedures; or employees with medical impairments who are released pursuant to 8.04, or (2) who elect to leave the service of the Company pursuant to the provisions of the Supplemental Income Protection Program or the Expanded Supplemental Income Protection Program, or (3) who elect, pursuant to the technological displacement provisions in the Agreement, to accept a termination allowance and leave the service of the Company in lieu of reassignment to a different job title involving a reduction in pay or to locations requiring a change in residence, will continue to remain eligible for coverage for up to 12 months under the Company's Medical Assistance Plan or its successor plan, as follows: a. An employee whose seniority is 5 years or more will be eligible for coverage at Company expense for a period of 6 months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional 6 months at the employee's expense by paying the monthly premium amount. b. An employee whose seniority is at least one year but less than 5 years will be eligible for coverage at Company expense for a period of 3 months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional 9 months at the employee's expense by paying the monthly premium amount. c. An employee with less than one year of seniority who is eligible for coverage at the time of termination of employment may elect to continue such coverage at the employee's expense for a period of 12 months following the month in which employment is terminated by paying the monthly premium amount. d. When permitted by applicable federal law, employees may elect to continue such coverage at their own expense for longer periods than those indicated above. 2. The extended medical coverage will be on the same basis and in the same amount to which the employee was entitled immediately prior to leaving the service of the Company. If during the period of any extended medical coverage, as set forth above, the medical expense coverage is changed for employees who remain on the payroll, the same changes will be applied to persons participating in this extended medical coverage program.

Extended Medical Coverage. Notwithstanding any statement contained in this Agreement to the contrary, following the Employment Period Enfinity hereby expressly agrees to provide the Executive, his spouse and eligible dependent family members with continued, uninterrupted coverage under Enfinity's group medical and dental plans or policies on the same basis as such coverage was provided to the Executive during the Employment Period (but at the sole cost and expense of the Executive, which cost and expense shall not exceed the cost of such coverage provided to Enfinity's (or any of its successor's) then-active senior executives) until the latest to occur of (i) the date of the Executive's 65th birthday (or the date upon which the Executive becomes eligible to participate in the Medicare program of the United States), (ii) the date of the Executive's spouse's 65th birthday (or the date upon which such spouse becomes eligible to participate in the Medicare program of the United States) or (iii) the date on which the Executive's last dependent child ceases to be a dependent for purposes of participation under such plans; provided that the obligation to continue to provide such coverage shall terminate at such time as the Executive, his spouse and any dependents become eligible for coverage under the group insurance of another employer. In the event that Enfinity shall not maintain group medical and dental plans or policies throughout the applicable period, then Enfinity shall arrange for and shall provide equivalent individual coverage. Notwithstanding any statement contained in this Agreement to the contrary, the obligations of Enfinity set forth in this Section 3(d) shall survive any termination or expiration of this Agreement.

Extended Medical Coverage. No employee welfare benefit plan (as defined in section 3(l) of ERISA) maintained by Temroc provides medical, surgical, hospitalization or life insurance benefits (whether or not insured by a third party) for employees or former employees of Temroc for periods extending beyond their terminations of employment, other than coverage mandated by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"); and Temroc has not made any commitment to provide retiree medical, surgical, hospitalization or life insurance coverage for any current or former employees or directors of Temroc (except as required by COBRA).

Extended Medical Coverage. 38.01 Regular employees who are not eligible for a service pension and (i) whose employment is terminated as a result of layoff or application of the force adjustment procedures; or (ii) who elect to leave the service of the Company pursuant to the provisions of the Income Protection Plan, shall continue to remain eligible for coverage for up to eighteen (18) months under the Verizon Medical Expense Plan for New York and New England Associates, the Verizon Alternate Choice Plan for New York and New England Associates, or their successor Plans, as follows: An employee whose net credited service is five (5) years or more will be eligible for coverage at Company expense for a period of six (6) months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional twelve (12) months at the employee's expense by paying the monthly premium amount. An employee whose net credited service is at least one (1) year but less than five (5) years will be eligible for coverage at Company expense for a period of three (3) months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional fifteen (15) months at the employee's expense by paying the monthly premium amount. An employee with less than one (1) year of net credited service who is eligible for coverage at the time of termination of employment may elect to continue such coverage at the employee's expense for a period of eighteen (18) months following the month in which employment is terminated by paying the monthly premium amount. 38.02 The extended medical coverage shall be on the same basis and in the same amount to which the employee or the employee's dependent(s) was entitled immediately prior to the employee leaving the service of the Company. If during the period of any extended medical coverage, as set forth above, the medical expense coverage is changed for employees who remain on the payroll, the same changes will be applied to persons participating in this extended medical coverage program.

Extended Medical Coverage. For a period of five years after the Retirement Date (the “Initial Coverage Period”), Employer will cover Employee under the group health plan that Employer maintains for its U.S. employees, as such plan is amended or modified from time to time (the “Group Health Plan”). During the Initial Coverage Period, Employee shall be obligated to pay Employer quarterly in arrears, by no later than the last day of each quarter, the applicable employee contribution payable by covered employees under the group health plan. Nothing herein shall restrict in any manner Employer’s right to amend or modify such group health plan from time to time. After the Initial Coverage Period, Employee will be provided, at Employer’s expense, continued health coverage for Employee and qualifying dependents under the Group Health Plan in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”). Notwithstanding the foregoing, in the event that Employer is unable to continue Employee’s coverage under the Group Health Plan, the Employer will obtain alternate medical coverage for Employee. Such alternate coverage will be maintained at the Employer’s expense. Notwithstanding anything else set forth herein, in the event Employee obtains alternate health coverage from another employer, the Employer will have no further obligations under this paragraph 2(b).

Extended Medical Coverage. No employee welfare benefit plan (as defined in section 3(l) of ERISA) maintained by the Company provides medical, surgical, hospitalization or life insurance benefits (whether or not insured by a third party) for employees or former employees of the Company for periods extending beyond their terminations of employment, other than coverage mandated by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"); and the Company has not made any commitment to provide retiree medical, surgical, hospitalization or life insurance coverage for any current or former employees or directors of the Company (except as required by COBRA).

Extended Medical Coverage. (1) To effectuate ▇▇. ▇▇▇▇▇▇▇▇’▇ continued participation in the company health benefit plan, as contemplated by Section 7.4(b) of the Employment Agreement, ▇▇. ▇▇▇▇▇▇▇▇ shall complete and return to Altair those forms necessary to elect continuation coverage under Altair’s group medical insurance plan pursuant to Sections 601 through 607 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”), which election forms shall be provided by Altair to ▇▇. ▇▇▇▇▇▇▇▇. Said health benefit coverage shall continue until the earlier of (a) eighteen (18) months from the Termination Date; (b) the date ▇▇. ▇▇▇▇▇▇▇▇ first becomes eligible for coverage under any group health plan maintained by another employer of ▇▇. ▇▇▇▇▇▇▇▇ or his spouse; or (c) the date such COBRA continuation coverage otherwise terminates as to ▇▇. ▇▇▇▇▇▇▇▇ under the provisions of Altair’s group medical insurance plan. Nothing herein shall be deemed to extend the otherwise applicable maximum period in which COBRA continuation coverage is provided or supersede the plan provisions relating to early termination of such COBRA continuation coverage. (2) If ▇▇. ▇▇▇▇▇▇▇▇ does not elect COBRA continuation coverage or provides Altair with notice that he no longer wishes to receive or is ineligible to receive COBRA continuation benefits, then Altair shall pay to ▇▇. ▇▇▇▇▇▇▇▇ an amount equal to the premium payments that Altair would have paid on behalf of ▇▇. ▇▇▇▇▇▇▇▇ under Section 1.a., which amount shall be paid in a lump sum within thirty (30) days after Altair’s receipt of notice under this paragraph. Any such payment shall be subject to all applicable federal and state payroll withholding laws. (3) The parties confirm and agree that Altair currently pays 85% of the cost of providing medical benefits to ▇▇. ▇▇▇▇▇▇ and 50% of the cost of providing medical benefits to his spouse/family, with the remaining percentage of the cost of such benefits being paid by ▇▇. ▇▇▇▇▇▇▇▇ through payroll deductions. The parties agree that, during the period of the medical severance benefit under Section 7.4(b), each party shall continue to pay the same percent of Altair’s actual cost of providing the medical severance benefit (which cost is expected to increase as a result of the termination of the employment relationship and as a result of inflation). During the period that ▇▇. ▇▇▇▇▇▇▇▇ continues to receive a severance salary benefit under Section 7.4(a) of the Employment Agreement, Altair shall continue to de...

Extended Medical Coverage. 1. Employees (1) whose employment is terminated as a result of layoff or application of the force adjustment procedures; or employees with medical impairments who are released pursuant to 8.04 who elect, pursuant to the technological displacement provisions in the Agreement, to accept a termination allowance and leave the service of the Company in lieu of reassignment to a different job title involving a reduction in pay or to locations requiring a change in residence, will continue to remain eligible for coverage for up to 12 months under the Company's Medical Assistance Plan or its successor plan, as follows: a. An employee whose seniority is 5 years or more will be eligible for coverage at Company expense for a period of 6 months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional 6 months at the employee's expense by paying the monthly premium amount. b. An employee whose seniority is at least one year but less than 5 years will be eligible for coverage at Company expense for a period of 3 months following the month in which employment is terminated. The employee may elect to continue such coverage for an additional 9 months at the employee's expense by paying the monthly premium amount. c. An employee with less than one year of seniority who is eligible for coverage at the time of termination of employment may elect to continue such coverage at the employee's expense for a period of 12 months following the month in which employment is terminated by paying the monthly premium amount. d. When permitted by applicable federal law, employees may elect to continue such coverage at their own expense for longer periods than those indicated above. 2. The extended medical coverage will be on the same basis and in the same amount to which the employee was entitled immediately prior to leaving the service of the Company. If during the period of any extended medical coverage, as set forth above, the medical expense coverage is changed for employees who remain on the payroll, the same changes will be applied to persons participating in this extended medical coverage program.