Medical Insurance Benefit definition

Medical Insurance Benefit means one hundred percent (100%) of Executive’s COBRA continuation premiums through the end of the earliest of (A) the end of the statutory period for COBRA coverage, (B) the first anniversary of the termination of Executive’s employment, and (C) the date on which Executive first becomes entitled to medical and health insurance benefits under any plan maintained by any person for whom Executive provides services as an employee or otherwise.
Sample 1

Examples of Medical Insurance Benefit in a sentence

  • In the event that the Company, with the approval of the Board of Directors, elects to establish a Medical Insurance Benefit Plan for the benefit of the Company’s employment staff, Employee shall be entitled to participate in such plan which shall include comprehensive medical and dental insurance (from a reputable and financially-sound insurance carrier of national standing) for himself and his immediate family.

  • The "Retirement Benefit" shall be comprised ------------------ of the Deferred Compensation Benefit and the Medical Insurance Benefit.

  • Upon his Retirement from the Company, a Participant shall be entitled to both the Deferred Compensation Benefit and the Medical Insurance Benefit as hereinafter set forth.

  • The term "Medical Insurance Benefit" ------------------------- shall mean the medical insurance coverage furnished by the Company to a Participant and his spouse upon the Retirement of the Participant pursuant to Section 6.2 hereof.

Related to Medical Insurance Benefit

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance carrier means every insurance carrier duly

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Insurance Consultant or "consultant" means a person who: