Common use of Termination of Employment after Coverage Begins Clause in Contracts

Termination of Employment after Coverage Begins. After benefit begins, coverage ends on the last day of the month in which the individual’s employment ends. There is no “run out” coverage (accumulated eligibility) for this group. If a contribution was made on the 20th day of the month and the termination occurs on or before the last day of the same month, the Employer (and Employee, if applicable) is entitled to a credit (but no refund) for the contribution.

Appears in 8 contracts

Samples: Teamsters Supervisor Agreement, Teamsters Administrative Agreement, Teamsters Administrative Agreement

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