Common use of Retiree Medical Insurance Clause in Contracts

Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's retiree medical plan (the "Retiree Insured Plan"). You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirty-six (36) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Period), you are eligible to participate in the Corporation's retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirty-six (36) month period following your termination date. After the end of this thirty-six (36) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.

Retiree Medical Insurance. If during (a) Employees hired prior to July 1, 1999 Those employees who are participating in the two year period after City’s medical insurance plan at the date time of the Change of Controlretirement, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement)and who retire with a full normal retirement, you would have been and who are not eligible for early or normal retirement under Medicare at the terms and conditions time of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participateretirement, then you will shall be eligible to participate in such medical insurance plan which the City provides to active bargaining unit employees, as such plans may change pursuant to any insured successor collective bargaining agreement, subject to the same conditions as may exist at any time for such active employees. Such coverage shall be provided to the retiring employee and his/her eligible spouse at the time of retirement and/or eligible dependents at the time of retirement. During the period of participation in the medical plan offered to active bargaining unit employees, retirees shall pay the same premium cost share as active employees are required to pay pursuant to this Agreement or any successor agreement, as such may change from time to time; provided, however, that the Corporation has amount of premium cost sharing for an employee who was vested in place the pension plan as of June 30, 2009 shall be capped at the dollar amount the employee paid in his/her last year of employment prior to provide medical benefits similar retirement. Retirees who are eligible for Medicare at the time of retirement or who become eligible for Medicare subsequent to those provided by retirement and who wish to continue to receive retiree health insurance coverage from the Corporation's retiree medical plan (the "Retiree Insured Plan"). You will be eligible to City must participate in Medicare Part A and Part B and shall be responsible for any premiums for Medicare A and B. The City will provide access to a Medicare supplement plan and the Retiree Insured Plan beginning on the date you would have been eligible retiree shall be responsible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end 20% of the thirty-six (36) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Period), you are eligible to participate in the Corporation's retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirty-six (36) month period following your termination date. After the end of this thirty-six (36) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's retiree medical supplemental plan. The Corporation reserves the right to amend or terminate its retiree medical may enroll his/her eligible spouse who was enrolled in a plan at any time. Any such amendment or termination the time of retirement and/or eligible dependants that applies equally were enrolled in a plan at the time of retirement subject to all covered individuals also will apply to youpayment of 20% of the applicable cost of the plan. The Corporation also reserves the right to amend retiree may not enroll any spouse or terminate any Retiree Insured Plan as long as dependents that were not enrolled in a comparable amendment or termination is being made plan at the same time of retirement. Should the City obtain a subsidy from the state or federal government, or any cost savings, for offering prescription drug benefits to Medicare eligible retirees and/or spouses, such subsidy or savings shall belong exclusively to the Corporation's retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required City to the extent permitted by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurerapplicable law.

Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's ’s retiree medical plan (the "Retiree Insured Plan")plan. You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirtytwenty-six four (3624) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Periodperiod), you are eligible to participate in the Corporation's ’s retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirtytwenty-six four (3624) month period following your termination date. After the end of this thirtytwenty-six four (3624) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's ’s retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's ’s retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's ’s retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.

Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan (the “Retiree Insured Plan”) that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's ’s retiree medical plan (the "Retiree Insured Plan")plan. You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirty-six (36) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Period), you are eligible to participate in the Corporation's ’s retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirty-six (36) month period following your termination date. After the end of this thirty-six (36) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's ’s retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's ’s retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's ’s retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.

Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's retiree medical plan (the "Retiree Insured Plan"). You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirtytwenty-six four (36) month 24)-month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Periodperiod), you are eligible to participate in the Corporation's retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirtytwenty-six four (36) month 24)-month period following your termination date. After the end of this thirtytwenty-six four (36) month 24)-month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.