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

  • The Department of State’s amended OCO request of $520 million was for expanding the Center for Strategic Counterterrorism Communications’ messaging in key languages; helping the moderate Syrian opposition develop capacity and credibility; supporting Jordan and Lebanon’s territory and borders; humanitarian support related to IS attacks in Syria and Iraq; and expandingU.S. international broadcasting to provide a platform for moderate Muslims to voice opposition to extremism.

  • 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.

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

  • However, the position and minimum qualifications is not listed in the Schedule B, Section III.

  • 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.

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

  • Refer to the summary plan description for the MAP Plus Plans and MSP for more information about enrolling in MSP.Certain Other Former Employees60 Point Retiree Medical Severance Plan ParticipantsIf you meet the definition of “60 Point Retiree Medical Severance Plan Participant” in the Plan Document, you are eligible to participate in the Program, but only if you are a vested participant of the Union Carbide Employees’ Pension Plan with a benefit under the UCEPP component.

  • There are also changes in level as the site falls away to the southern boundary with the N72 to the south.

  • Domestic Partner of Record:With regard to a Retiree (or 60 Point Retiree Medical Severance Plan Participant or LTD Participant)-- who was eligible for coverage under the Program before January 1, 2003: a person who was eligible for Domestic Partner benefits from the Union Carbide Retiree Medical Care Program on December 31, 2002, and continues to be the former Employee’s Domestic Partner.

  • The same is true of your Spouse of Record/Domestic Partner of Record.Similarly, if you Retire (or become a 60 Point Retiree Medical Severance Plan Participant or Long Term Disability Participant) after reaching age 65, you should enroll in Part A during the three month period prior to your 65th birthday, and in Part B during the three month period prior to your Retirement.

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.

  • 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:

  • 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).

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