Retiree Health Plans Sample Clauses

Retiree Health Plans. Fifth Third will continue to maintain (i) the retiree health plan maintained by CNB Bancshares for the individuals who are listed in the Disclosure Schedule, and (ii) the health plan for disabled employees who are listed in the Disclosure Schedule and/or merge such plans with the retiree medical plans provided by Fifth Third.
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Retiree Health Plans. Seller shall be responsible for payment of retiree benefits for those Business Employees who are receiving retiree health benefits under Seller's retiree health plan as of the end of the day immediately preceding the Closing Date, in accordance with the terms of such retiree health plan as then in effect or as subsequently amended. In the case of Hired Business Employees who are eligible for health benefits under both Seller's retiree health plan and Buyer's health plan, Buyer's health plan shall have primary responsibility for such Hired Business Employee's health claims and Seller's retiree health plan shall have secondary responsibility.
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Retiree Health Plans. Sellers shall amend, if necessary, the Seller Benefit Plans that provide retiree health coverage to any current or former employees of the Business (the “Retiree Health Plans”), and/or take any other actions necessary to provide that Transferred Employees who have, as of the Closing Date, satisfied the plan’s eligibility to commence retiree health benefits will be entitled to commence such retiree health coverage under the Retiree Health Plans as provided by such Seller at such future date as the Transferred Employee terminates employment from the Business and Purchasers or their Affiliates.
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Retiree Health Plans. Parent shall be liable for any and all costs or expenses incurred under any Benefit Plan that provides continued health care coverage after a Company or Subsidiary employee retires (a “Retiree Health Plan”), except COBRA coverage for Transferred Employees as provided for in Section 5.2(b) above. Buyer shall not be liable for or obligated to provide, in any form, retiree health coverage for any Company or Subsidiary employee, including Transferred Employees. Parent shall indemnify Buyer and relieve Buyer of any and all liabilities with respect to any claim by any Company or Subsidiary employee or Transferred Employee under a Retiree Health Plan. Parent shall allow a Transferred Employee who, as of the Closing Date, satisfies the eligibility requirements under a Retiree Health Plan (a “Retiree Health Transferred Employee”), to elect coverage under the applicable Retiree Health Plan within ninety (90) days of the date such Transferred Employee retires from employment with Buyer; provided, however, that the foregoing shall not otherwise limit any right that Parent may have to amend or terminate, in whole or in part, a Retiree Health Plan. If a Retiree Health Transferred Employee elects coverage under a Retiree Health Plan, such coverage shall commence as of the employee’s retirement date. Parent agrees to reflect in Parent Pension Plan records that each Retiree Health Transferred Employee is entitled to elect coverage under a Retiree Health Plan in accordance with the terms of this section. Parent also shall notify each Retiree Health Transferred Employee within thirty (30) days after the Closing Date of (1) such employee’s eligibility to elect coverage under a Retiree Health Plan in accordance with the terms of this section; (2) the process for electing coverage under the applicable Retiree Health Plan; and (3) the contact information for the individual or position responsible for enrolling such employee in the applicable Retiree Health Plan. Parent agrees to send additional notices to each Retiree Health Transferred Employee if the process for electing coverage under a Retiree Health Plan or the appropriate contact information disclosed in the notice is modified in any way.
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Retiree Health Plans. The Company shall be responsible for payment of retiree benefits for those Offered Employees who are eligible for retiree health benefits under the Company's retiree health plans as of the Closing, in accordance with the terms of such retiree health plan as then in effect or as subsequently amended.
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Retiree Health Plans. 8.1 The Company will provide Retiree Health Benefits consisting of a Health Care Savings Account and Retiree Life Insurance to employees who retire on or after age 55 with 10 or more years of Net Credited Service.
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Related to Retiree Health Plans

  • Health Plans The health plans offered and benefits provided by those plans shall be those approved by the City's JLMBC and administered by the Personnel Department in accordance with LAAC Section 4.

  • 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.

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Medical Plans The Employer will maintain the current health (including vision) and dental insurance programs and practices. The Employer shall contribute 80% of the premium charge for PPO plans, 83% of premium for the POS plan, 85% of premium for the HMO plan, 80% for the prescription drug plan and 50% for the dental plan. There shall be no change in the State’s premium subsidy for health benefits plans in Fiscal Year 2012.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Health and Welfare Plans (a) A copy of the master contracts with the carriers for the extended health care, dental and group life plans shall be sent to the President of the Union.

  • Retirees The Parties and the Crown agree to meet for the purpose of transitioning retirees currently in board-run benefits plans into a segregated plan administered by the OECTA ELHT via an amendment to the Trust Agreement, based on the following:

  • Welfare Plans (a) For all purposes (including purposes of vesting, eligibility to participate and level of benefits) under the employee welfare benefit plans of Buyer and its affiliates providing benefits to any Acquired Employees after the Closing (the “New Welfare Plans” ), each Acquired Employee shall subject to applicable Law and applicable tax qualification requirements be credited with his or her years of service with Knight Ridder or its affiliates, including the Acquired Companies and their Subsidiaries, before the Closing, to the same extent as such Acquired Employee was entitled, before the Closing, to credit for such service under any similar employee benefit plan in which such Acquired Employee participated or was eligible to participate immediately prior to the Closing, provided that the foregoing shall not apply to the extent that its application would result in a duplication of benefits. In addition, and without limiting the generality of the foregoing, (A) each Acquired Employee shall be immediately eligible to participate, without any waiting time, in any and all New Welfare Plans if such Acquired Employee participated immediately before the consummation of the transactions contemplated by this Agreement in a comparable type of welfare benefit plan of a Seller Entity (such plans, collectively, the “Old Plans” ), and (B) for purposes of each New Welfare Plan providing medical, dental, pharmaceutical and/or vision benefits to any Acquired Employee, Buyer, or, as applicable, an Acquired Company, shall cause all pre-existing condition exclusions and actively-at-work requirements of such New Welfare Plan to be waived for such Acquired Employee and his or her covered dependents, unless such conditions would not have been waived under the comparable plans of Knight Ridder or its affiliates, including the Acquired Companies and their Subsidiaries, in which such Acquired Employee participated immediately prior to the Closing and Buyer shall cause any eligible expenses incurred by such employee and his or her covered dependents during the portion of the plan year of the Old Plan ending on the date such employee’s participation in the corresponding New Welfare Plan begins to be taken into account under such New Welfare Plan for purposes of satisfying all deductible, coinsurance and maximum out-of-pocket requirements applicable to such employee and his or her covered dependents for the applicable plan year as if such amounts had been paid in accordance with such New Welfare Plan.

  • 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.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

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