Medical Coverage definition

Medical Coverage means all medical and dental benefits that are provided Employee at the Effective Time, any medical or dental expense that would be deductible by Employee under section 213 of the Internal Revenue Code of 1986, as amended (the "Code"), including insurance premiums, long term care benefits (determined without regard to any limitation under section 213 of the Code), co-payments and deductible amounts (all determined without regard to the deductible threshold set forth in section 213(a) of the Code) if paid by the Employee directly, and such other reasonable medical and dental expenses that Employer may approve from time to time, but in no event shall Employer's reimbursement obligation for Employee, his Spouse or dependents under this Section 2(e) exceed an amount equal to the applicable Vested Percentage (defined below) multiplied by $1,000,000 (exclusive of any gross up for taxes pursuant to Sections 2(e)(vi) or 5 hereof and determined without regard to reimbursements made prior to the Triggering Date under the Nortek Executive Health Reimbursement Plan) in the aggregate during Employee's and his Spouse's lifetimes. Such Medical Coverage shall be extended to any dependent of Employee but only for so long as such person remains a "dependent" under the terms and conditions of Employer's health plan in existence at the Effective Time. Employer shall make all reasonable efforts to include Employee, his Spouse and dependents in any comprehensive medical and/or dental plan provided to active employees from time to time. Employee must make all reasonable effort to obtain and to maintain (at Employer's expense as provided herein) any form of comprehensive medical and/or dental insurance that Employer may require from time to time. If Employee is or becomes eligible for Medicare benefits, the coverage provided by this Section shall be supplemental to Medicare coverage, Parts A and B, and the Participant shall be required to submit claims to Medicare before making any claim for medical care under this Section.
Medical Coverage means healthcare insurance, benefits and/or coverage that either directly pays the cost of medical care or provides reimbursement therefor, and includes, but is not limited to, doctor or other provider services, tests, equipment, prescriptions and anything else generally considered to be related to individual health care, whether preventive or corrective.
Medical Coverage means medical and dental benefits, including the executive medical reimbursement program benefits and reimbursements for annual physical examinations for the Executive and his dependents.

Examples of Medical Coverage in a sentence

  • We intend to devise a measure of anonymizability that is based on the k-anonymity criterion.

  • Don't forget to update your Dependents' Medical Coverage InformationAvoid delays on your Dependent claims by updating your Dependent's medical coverage information.

  • MetLife's Critical Illness Insurance is not intended to be a substitute for Medical Coverage providing benefits for medical treatment, including hospital, surgical and medical expenses.

  • FINANCIAL RESULTSThe detailed Financial Statements (Standalone & Consolidated) along with the Schedules including the Report of Auditors thereon are provided / enclosed with this Annul Report.

  • Other Medical Coverage InformationThis section must be completed.


More Definitions of Medical Coverage

Medical Coverage has the meaning set forth in Section 4.2.
Medical Coverage. The District and SEIU Local 1021 agree to health and benefit plans effective October 1, 2012 that will be revised as follows:
Medical Coverage means any coverage that is intended to pay for covered medical expense regardless of fault, which is provided under:
Medical Coverage means any coverage provided by this policy that is intended to pay for covered medical expense regardless of fault.
Medical Coverage has the meaning set forth in Section 9(c) hereof and as described in Appendix B hereto.
Medical Coverage. Reimbursements In full satisfaction of Section 3.2(c) of the CIC Agreement, the Company shall pay to the Executive: (1) A cash payment of $45,000 in a lump sum promptly, but in no event more than ten (10) days, following the Retirement Date, and (2) For the period commencing eighteen (18) months following the Retirement Date and ending thirty-six (36) months following the Retirement Date, a monthly cash payment equal to $2,500 payable on the first day of each calendar month. Grant Date Number of Underlying Shares Exercise Price Expiration Date May 9, 2012 21,374 $6.89 The earliest to occur of (i) sixty (60) days following the closing of the Merger, (ii) May 1, 2016 and (iii) the expiration of the original term of the applicable stock option. May 13, 2014 16,105 $10.85 December 23, 2014 125,000 $7.61 RSUs Grant Date Number of Underlying Shares Payment Schedule May 13, 2014 6,165 Promptly, but in no event more than ten (10) days, following the Retirement Date. July 31, 2015 16,296 PSUs Grant Date Number of Shares Underlying PSUs (at Maximum Performance Level) Payment Schedule May 9, 2013 9,482 Promptly, but in no event more than ten (10) days, following the Retirement Date. May 13, 2014 9,247 July 31, 2015 73,332
Medical Coverage means group medical coverage maintained for Employees by the Employer under a separate plan, program, insurance policy or contract described in Section 213 of the Code (except long-term care insurance) and which satisfies the requirements of Sections 105 and 106 of the Code.