Healthcare Stipend definition

Healthcare Stipend means an amount equal to the excess of (i) the cost you would have to pay to continue participation in the Company’s group medical, dental, vision and/or prescription drug benefits for you and your eligible dependents under COBRA for the specified period of time, over (ii) the amount you would have had to pay for such coverage during such period if you remained employed and paid the active employee rate for such coverage, calculated using the monthly COBRA cost and active employee rate on the termination date. If you are age 65 or over or would turn age 65 during the specified period, the Healthcare Stipend will be reduced by 50% for months during such period that you would be age 65 or over. For example, if you were eligible to receive a thirty-six month Healthcare Stipend, the monthly COBRA cost is $1,200 and the active employee cost is $200 on the termination date, and you would turn age 65 ten months after the termination date, the Healthcare Stipend would be $31,000 ((26 x ($1,200 - $200)) + (50% x (10 x ($1,200 - $200))).
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Healthcare Stipend means the payment an Eligible Employee who is an active participant in the Company’s group health plan as of the Termination Date will receive as part of his/her Special Severance Benefits. If the Eligible Employee is in an officer position as of the Termination Date, the Healthcare Stipend will be in the amount of Fifteen Hundred Dollars ($1,500.00); if the Eligible Employee is not serving in an officer position as of the Termination Date, the Healthcare Stipend will be in an amount equal to Two Hundred and Fifty Dollars ($250.00) for each Year of Service, subject to a minimum payment of Two Hundred Fifty Dollars ($250.00) and a maximum payment of Fifteen Hundred Dollars ($1,500.00).”
Sample 1
Healthcare Stipend means the Fifteen Hundred Dollar ($1,500.00) payment an Eligible Employee who is an active participant in the Company’s group health plan as of the Termination Date will receive as part of his/her Special Severance Benefits.
Sample 1

Examples of Healthcare Stipend in a sentence

  • In the event you are Eligible for Retirement and your employment terminates for any reason other than For Cause or death, you will be entitled to receive, in addition to any separation benefits from the Company under Paragraphs A, C, D or E above, payments totaling an amount equal to the sum of (i) a thirty-six (36) month Healthcare Stipend, plus (ii) a thirty-six (36) month Financial Advisory Stipend.

  • Under Section 3.3 Contract Services and Deliverables, C.1, please provide sample reports for the additional valuation services:• Healthcare Stabilization Fund solvency projections• Healthcare Stipend calculation and projections• GASB 67/68 Analysis and Reporting• GASB 74/75 Analysis and Reporting Please refer to OP&F’s website at www.op-f.org.

  • This Notice explains when, why, and how Dr. Cygan would use and/or disclose your PHI.

  • Bargaining unit employees will also be covered by Comcast’s Post Retirement Healthcare Stipend Plan at the same level as other non-union non-exempt (hourly) employees and as set forth in the applicable Summary Plan Description.

  • Commented [A16]: Healthcare Stipend – As a condition of receiving the healthcare stipend, companies may require drivers to show proof of enrollment.(d)(1) As a condition of providing the healthcare subsidy set forth in subdivision (a), a network company may require an app-based driver to submit proof of current enrollment in a qualifying health plan.

Related to Healthcare Stipend

  • Healthcare services means services or goods provided for

  • Healthcare shall have the meaning set forth in the introductory paragraph hereof.

  • COVERED HEALTHCARE SERVICES means any service, treatment, procedure, facility, equipment, drug, device, or supply that we have reviewed and determined is eligible for reimbursement under this plan.

  • Health care services means services for the diagnosis, prevention, treatment, cure, or relief of a health condition, illness, injury, or disease.

  • Healthcare Professional means any member of the medical, dental, pharmacy or nursing professions or any other person who in the course of his or her professional activities may prescribe, recommend, purchase, supply, or administer a pharmaceutical product.

  • Health care means any of the following intended for use in the diagnosis, treatment, mitigation, or prevention of a human ailment or impairment:

  • Healthcare provider means a healthcare practitioner, person, or facility licensed, authorized, certified, registered, or regulated under title 33, title 63, title 68, federal law or order, or an executive order of the governor, including but not limited to any employees, agents, or contractors of such a practitioner, person, or facility, and residents, interns, students, fellows, or volunteers of an accredited school or of such school's affiliated teaching or training hospitals or programs in this state;

  • Foster care services means the provision of a full range of casework, treatment and community

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Health care plan means any contract, policy or other arrangement for benefits or services for medical or dental care or treatment under:

  • Psychiatric hospital means an Institution constituted, licensed, and operated as set forth in the laws that apply to Hospitals, which meets all of the following requirements:

  • Health care system means any public or private entity whose function or purpose is the management of, processing of, enrollment of individuals for or payment for, in full or in part, health care services or health care data or health care information for its participants;

  • Health care professional means a physician or other health care practitioner licensed, accredited or certified to perform specified health care services consistent with state law.

  • Nursing Care Plan means a plan of care developed by a nurse that describes the medical, nursing, psychosocial, and other needs of a child and how those needs shall be met. The Nursing Care Plan includes which tasks shall be taught, assigned, or delegated to the qualified provider or family.

  • Home health care services means medical and nonmedical services, provided to ill, disabled or infirm persons in their residences. Such services may include homemaker services, assistance with activities of daily living and respite care services.

  • Child care services means the range of activities and programs provided by a certificate holder to an enrolled child, including personal care, supervision, education, guidance, and transportation.

  • Home and community-based services or "HCBS" means Home and Community-Based Services as defined in OAR chapter 411, division 004.

  • Healthcare Laws has the meaning provided in Section 5.19(a).

  • Health care entity means any health care provider, health plan or health care clearinghouse.

  • Long-term care services means the services admin- istered directly or through contract by the aging and disability services administration and identified in WAC 388-106- 0015.

  • Enterprises means DTE Enterprises, Inc., a Michigan corporation wholly-owned by the Borrower.

  • Community services means any type of counseling and advice, emergency assistance, medical care,

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility, and/or any other healthcare facility authorized to receive mortgage insurance pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Long-term inpatient care means inpatient services for

  • Health care service means that service offered or provided

  • Health care worker means a person other than a health care professional who provides medical, dental, or other health-related care or treatment under the direction of a health care professional with the authority to direct that individual's activities, including medical technicians, medical assistants, dental assistants, orderlies, aides, and individuals acting in similar capacities.