Health Insurance Benefits means any insurance benefits providing medical or other health insurance coverage through a group insurance policy or policies.
Health Insurance Benefits means the following benefits to be provided pursuant to Section 3(a) of this Agreement to the Employee and his dependents who are covered by the Company or any of its Consolidated Subsidiaries at the time of the Employee’s Involuntary Termination (each such person, including the Employee, a “Covered Person” and collectively the “Covered Persons”): (i) the Company or the Bank shall pay 100% of the premiums for COBRA coverage for each such Covered Person until the earlier of (A) the expiration of the COBRA period or (B) the death of such person; or (ii) in the event that the continued participation of the Covered Person in any insurance plan as provided in clause (i) above is barred or would trigger the payment of an excise tax under Section 4980D of the Code, or during the COBRA Period any such insurance plan is discontinued, then the Company and the Bank shall at their election either (A) arrange to provide the Covered Person with alternative benefits substantially similar to those which the Covered Person was entitled to receive under such insurance plan immediately prior to the Date of Termination, provided that the alternative benefits do not trigger the payment of an excise tax under Section 4980D of the Code, or (B) in the event that the continuation of any insurance coverage as specified above would trigger the payment of an excise tax under Section 4980D of the Code or in the event such continued coverage is unable to be provided by the Company or the Bank, pay to the Employee within 30 days following the Date of Termination (or within 30 days following the discontinuation of the benefits if later) a lump sum cash amount equal to the projected cost to the Company and the Bank of providing continued coverage to the Covered Person until the expiration of the COBRA Period, with the projected cost to be based on the costs being incurred immediately prior to the Involuntary Termination (or the discontinuation of the benefits if later), as increased by 15% on each scheduled renewal date. Any insurance premiums payable by the Company or the Bank as specified above shall be payable at such times and in such amounts (except that the Company or the Bank shall also pay any employee portion of the premiums) as if the Employee was still an employee of the Company or its Consolidated Subsidiaries, subject to any increases in such amounts imposed by the insurance company or COBRA, and the amount of insurance premiums required to be paid by the Company or the Bank ...
Health Insurance Benefits means any medical, dental, optical and prescription drugs and health care services or other health care benefits that may be provided for a dependent through an employer or organization, including such employers or organizations which are self insured, or through other available health insurance or health care coverage plans.
Examples of Health Insurance Benefits in a sentence
Health Insurance Benefits Provided By Bidder Consideration of Health Insurance Benefits* 1.
In Oregon, the SHIP is called Senior Health Insurance Benefits Assistance (SHIBA).
In Washington, the SHIP is called Statewide Health Insurance Benefits Advisors (also SHIBA).
Health Insurance Benefits Provided By Bidder Consideration of Health Insurance Benefits*1.
In the event of Executive’s death, the Health Insurance Benefits shall continue to be provided to Executive’s Eligible Dependants, in each case for as long as each individual would have continued to qualify as an eligible dependant under the terms of the applicable insurance and medical plans had Executive been living.
More Definitions of Health Insurance Benefits
Health Insurance Benefits means any health insurance plan offered by the eligible company to its employees regardless of whether or not the employee takes advantage of the plan.
Health Insurance Benefits means benefits payable under any form of accident and health insurance policy;
Health Insurance Benefits means the same health insurance benefit plans which are in effect for active teachers.
Health Insurance Benefits means employer provided
Health Insurance Benefits. [VEBA]: • The amount due in this calculation shall be deposited in the Voluntary Employee Benefit Association (VEBA) as provided for in Article VI, Section C. APPENDIX D GRIEVANCE REPORT FORM TO: Building Principal FROM: , Grievant DATE: On , the following violation, misinterpretation, or (date of grievance) misapplication of this Agreement occurred: This is a violation, misinterpretation, or misapplication of our current Agreement: ARTICLE SECTION PARAGRAPH I recommend this grievance be resolved as follows:
Health Insurance Benefits means any medical, dental, optical and prescription drugs
Health Insurance Benefits means employer provided coverage for medical expenses of