Over 65 Clause Samples
The "Over 65" clause defines specific terms, rights, or conditions that apply to individuals who are aged 65 or older. In practice, this clause may set out eligibility for certain benefits, exemptions, or obligations that differ from those applicable to younger individuals; for example, it might provide for enhanced retirement benefits, reduced insurance premiums, or special healthcare provisions. Its core function is to address the unique needs or circumstances of people over 65, ensuring that contractual terms are appropriately tailored to this age group and providing clarity regarding their entitlements or responsibilities.
Over 65. Employees who continue to be employed past age 65 shall be eligible for the following benefits under the same cost sharing basis as active employees: • life insurance reduced by fifty percent (50%); • major medical; • vision; • dental.