Premium Continuation Sample Clauses

Premium Continuation. The Trustee shall pay any premiums which become due on contracts purchased on the life of a Participant who has left the employ of the Employer for reasons other than retirement, death or disability until it can be determined that such Participant has incurred a Service Break or it has been decided to distribute to the terminated Participant his benefit.
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Premium Continuation. If full-time Teaching Assistants are removed from the payroll due to an extended illness/disability and have used all of their accrued sick leave, the first three (3) months of premiums for hospital and medical benefits shall be paid by the District. Said Teaching Assistants shall be obligated to promptly apply to the appropriate New York State authorities for a waiver of the payment of medical coverage premiums. Failure to apply shall cause the District’s obligation to pay any premium under this section to cease, as of the end of the third month of absence. If a waiver of premium is granted, there shall be no obligation on the part of the District to fund premium payments. However, if the Teaching Assistant’s application is not approved, the District shall pay the medical coverage premiums for six (6) months (beginning with the first month of absence or beginning of the new year (September 1) whichever is longer). The District’s obligation under this clause shall be to finance premiums only, in accordance with this provision. The undertaking in this section shall not extend in any way to the payment of health benefits or to any other obligation. In no event, shall a Teaching Assistant receive any payment under this clause unless the Teaching Assistant is unable to work by reason of disability/illness, and has submitted a physician’s certificate attesting to the disability/illness. The District has the right to verify said disability/illness by requiring a physician designated by the District to perform a physical examination. Failure to agree to such a request shall nullify any obligation created by this section.
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Premium Continuation. If full-time Teaching Assistants are removed from the payroll due to an extended illness/disability and have used all of their accrued sick leave, the first three (3) months of premiums for hospital and medical benefits shall be paid by the District. Said Teaching Assistants shall be obligated to promptly apply to the appropriate New York State authorities for a waiver of the payment of medical coverage premiums. Failure to apply shall cause the District’s obligation to pay any premium under this section to cease, as of the end of the third month of absence. If a waiver of premium is granted, there shall be no obligation on the part of the District to fund premium payments. However, if the Teaching Assistant’s application is not approved, the District shall pay the medical coverage premiums for six (6) months (beginning with the first month of absence or beginning of the new year (September
Sample 1

Related to Premium Continuation

  • Insurance Continuation The Board shall continue to pay the Board contribution necessary to continue all medical, dental, and life insurance plans for the employee while he/she is on leave under this article.

  • Salary Continuation If the Executive becomes totally disabled during the term of this Agreement, his full salary shall be continued for 360 days from the date of the disabling injury or onset of the disability illness.

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Benefits Continuation (a) For leaves taken pursuant to Clauses 26.01, 26.02, and 26.07, the Employer shall maintain coverage for medical, extended health, dental, group life and long term disability, and shall pay the Employer's share of these premiums.

  • Formation and Continuation (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

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