Medical Severance definition

Medical Severance means an amount equal to two times the product of (1) the number of months from the date when the Employee’s maximum COBRA coverage period will end until the month following the month in which he attains age sixty-five, and (2) the monthly premium for “premium” CoverColorado coverage with the lowest available deductible, as of the date of the Change of Control, that would apply to the Employee if he was sixty-four years and eleven months old as of the date of the Change of Control.
Sample 1

Examples of Medical Severance in a sentence

  • Dow subsidizes the COBRA premiums for the first 12 months: surviving Dependent Children pay the premiums applicable to the Retiree (or 60 Point Retiree Medical Severance Plan Participant or LTD Participant).

  • If the Surviving Spouse of Record/Domestic Partner of Record waived coverage at the time of the Employee’s or Retiree’s (or 60 Point Retiree Medical Severance Plan Participant’s or LTD Participant’s) death, then the Surviving Spouse of Record/Domestic Partner of Record may enroll for coverage only during annual enrollment or if there is a change in status.

  • Definitions of Terms) before your Retirement; Are a Retiree (or 60 Point or 65 Point Retiree Medical Severance Plan Participant) who was part of a merger or acquisition, or other special business arrangement listed in Appendix D.

  • If you Retired after December 31, 1992 (or you are a 60 Point or 65 Point Retiree Medical Severance Plan Participant whose employment terminated after December 31, 1992), you will receive the maximum Company support only if you have Full Service.

  • Insurance and Internal Services—Self Insured Dental,Self-Insured Medical, Severance and Vacation Accrual.

  • Since Student was a student on regular diploma track, and needed to have a math class, District enrolled Student in a second period algebra 1 class as of the February 16, 2017 IEP meeting.

  • If the Surviving Spouse of Record/Domestic Partner of Record waived coverage at the time of the Employee’s, Retiree’s, or DCC Retiree’s (or 60 Point or 65 Point Retiree Medical Severance Plan Participant’s or LTD Participant’s or DCC LTD Participant’s) death, then the Surviving Spouse of 7 Remarriage (or entering a new domestic partnership) does not disqualify a Surviving Spouse of Record/Domestic Partner of Record of a DCC Retiree from eligibility for coverage.

  • A diagram of terminal connectionswith various taps shall be mounted permanently on the inside of the door.

  • Dow subsidizes the COBRA premiums for the first 12 months following the death: during those first 12 months, surviving Dependent Child(ren) pay the premiums applicable to the Retiree, 60 Point or 65 Point Retiree Medical Severance Plan Participant, or LTD Participant, as applicable.

  • Mergers, Acquisitions and Other Special Situations, contact the Retiree Service Center or refer to the Plan Document.SpouseA person who is Married to an Employee, Retiree, DCC Retiree, LTD Participant, DCC LTD Participant, or 60 Point or 65 Point Retiree Medical Severance Plan Participant.

Related to Medical Severance

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • 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.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance means the complete separation and dismemberment of the part from the body.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Medical service means any medical treatment or any medical, surgical, diagnostic, chiropractic, dental, hospital, nursing, ambulances, and other related services, and drugs, medicine, crutches and prosthetic appliances, braces and supports and where necessary, physical restorative services.

  • Retention Bonus means the amount equal to:

  • Medical services means Medically Necessary services, including, as the context requires, Confinement, treatments, procedures, tests, examinations or other related services for the investigation or treatment of a Disability.

  • Severance Amount means:

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Period of Severance means a continuous period of time during which an Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the twelve (12) month anniversary of the date on which the Employee was otherwise first absent from service.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Change in Control Benefits means the following benefits:

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Employment benefits means all benefits provided or made

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.