Compensation for Employer Group Retirees Sample Clauses

Compensation for Employer Group Retirees. As compensation for supplemental benefits sold to employer group retirees for Medicare HMO Members, HMO shall pay PPG the applicable PMPM rates as illustrated below. Supplemental Benefit PMPM $5 office visit & specialist consultation copay waived *** $5 vision and hearing exam copay waived *** $20 outpatient mental health copay waived *** $20 outpatient substance abuse copay waived *** HMO shall develop and adjust supplemental benefits PMPM rates on a calendar year basis and forward such rates to PPG on or before December 15th of the prior year.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Compensation for Employer Group Retirees. PPG shall receive adjusted capitation for benefits sold to Employer Group Retirees that differ from the Individual member benefits for Medicare +Choice. Following are examples of these adjustments: PPG Supplemental Benefit Adjustments PMPM $5 office visit & specialist consultation copay reduction* *** $5 office visit & specialist consultation copay increase. *** $5 vision and hearing exam copay reduction. *** $20 outpatient mental health copay reduction. *** $20 outpatient substance abuse copay reduction. *** * For example, some retiree group members who reside in a county where the office visit copay for Individuals is $5.00 could have an employer-sponsored plan with higher or lower copays. The appropriate cap adjustment is +/-$0.632 for each $1 difference in the group benefit copay from the county benefit copay. Other copay adjustments, such as the examples given above would be similarly applied pro rata for other dollar amounts. Health Net will develop and adjust supplemental benefits PMPM rates on a calendar year basis and forward such rates to Provider on or before December 15th of the prior year.
Sample 1

Related to Compensation for Employer Group Retirees

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

  • RELATED EMPLOYERS If any member of the Employer's related group (as defined in Section 1.30 of the Plan) executes a Participation Agreement to this Adoption Agreement, such member's Employees are eligible to participate in this Plan, unless excluded by reason of an exclusion classification elected under this Adoption Agreement Section 1.07. In addition: (Choose (j) or (k))

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

Time is Money Join Law Insider Premium to draft better contracts faster.