POST-EMPLOYMENT MEDICAL BENEFITS Sample Clauses

POST-EMPLOYMENT MEDICAL BENEFITS. If Executive's employment with the Company is terminated for any reason except Cause (as defined in Section 6(b)) after Executive has completed at least five (5) complete years of service with the Company or its predecessors (including, for this purpose, prior service with any corporation acquired by or merged into the Company), then the Company shall provide post-employment medical coverage in accordance with the terms and conditions of this Section 10 for a period of two years. The Company shall continue to cover Executive and his spouse (hereinafter referred to as "SPOUSE") and his eligible dependent children, if any, from the date of Executive's termination of employment with the Company, under the group health care plan maintained by the Company to provide major medical insurance coverage for employees and their dependents (such group medical plan or its successor(s) shall be hereinafter referred to as the "HEALTH CARE PLAN"). The coverage of Executive and his Spouse under the Health Care Plan shall continue for each of their lives without interruption, but such coverage of his eligible dependent children shall continue only for such time period that they otherwise qualify for dependent coverage under the terms of the Health Care Plan. In the event of any change to the Health Care Plan following the Termination Date, Executive, his Spouse and dependents shall be treated consistently with the then-current senior officers of the Company (or its successor) with respect to the terms and conditions of coverage and other substantive provisions of the Health Care Plan. The provisions of this Section 10 shall be effective regardless of the reason for Executive's termination of employment with the Company except for Cause. The continuation coverage under the Health Care Plan provided to Executive and his Spouse pursuant to this Agreement shall continue and remain in full force and effect until the later of (a) Executive's date of death or (b) his Spouse's date of death. Executive and his Spouse hereby agree and consent to acquire and maintain any and all coverage that either or both of them are entitled to at any time during their lives under the Medicare program or any similar or succeeding plan or program that is maintained by the United States Government or any agency thereof (hereinafter referred to as "MEDICARE"). The coverage described in the immediately preceding sentence includes, without limitation, parts A and B of Medicare and any additional or succ...
AutoNDA by SimpleDocs
POST-EMPLOYMENT MEDICAL BENEFITS. If Executive's employment with the Company is terminated for any reason except Cause (as defined in Section 6(c)) after Executive has completed at least five (5) complete years of service with the Company (including, for this purpose, prior service with any corporation acquired by or merged into the Company), then the Company shall provide post-employment medical coverage in accordance with the terms and conditions of this Section 10. The Company shall continue to cover Executive and his spouse (hereinafter referred to as "SPOUSE") and his eligible dependent children, if any, from the date of Executive's termination of employment with the Company, under the group health care plan maintained by the Company to provide major medical insurance coverage for employees and their dependents (such group medical plan or its successor(s) shall be hereinafter referred to as the "HEALTH CARE PLAN"). The coverage of Executive and his Spouse under the Health Care Plan shall continue for each of their lives without interruption, but such coverage of his eligible dependent children shall continue only for such time period that they otherwise qualify for dependent coverage under the terms of the

Related to POST-EMPLOYMENT MEDICAL BENEFITS

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Summer Employment 26.1 In selecting teaching staffs for summer programs, employment shall be offered to teachers who are certified and “Highly Qualified” in the subject area(s).

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • TEACHER EMPLOYMENT 8.1. The Board agrees to employ only those teachers who hold at least a bachelors degree from an accredited college or university and are certifiable by the New Hampshire State Department of Education. This provision shall not apply in the instance where the availability of personnel is critical and an appropriate waiver is granted by the New Hampshire State Department of Education.

  • Re-employment An employee who resigns her position and within sixty (60) days is re-employed, shall be granted a leave of absence without pay covering those days absent and shall retain all previous rights in relation to seniority and other fringe benefits subject to any benefit plan eligibility requirements.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Continuing Employment Continuing employment means full-time or part-time employment which has no fixed end date or contingency upon which the employment contract will come to an end. All employment, other than fixed term employment and casual employment, is continuing employment.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

Time is Money Join Law Insider Premium to draft better contracts faster.