Continuation of Group Health Insurance Sample Clauses

Continuation of Group Health Insurance. Any teacher retiring from the school corporation prior to reaching age sixty-five (65) shall be eligible to continue in the group health insurance plan until age sixty-five, provided the carrier permits such participation, by contributing the full monthly premium owed the insurance carrier directly to the school corporation, according to the guidelines outlined below. The teacher must satisfy the Indiana Teacher Retirement Fund's requirement for normal or early retirement or before June 30 of retirement year, and have a minimum of six (6) years of experience with the Xxxxxx Community School Corporation to qualify for this benefit. To start coverage, the teacher shall pay two months' premiums, one of which the corporation shall hold in reserve. Thereafter, monthly premiums are due on or before the first of the month preceding coverage. Failure to remit the monthly payment by the scheduled date shall result in permanent cancellation of the benefit without right to reinstatement.
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Continuation of Group Health Insurance. As of the Transition Date, the Chairman’s eligibility for health, dental and vision benefits under the Company’s group health plan ceases. If the Chairman timely elects coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Chairman may continue his health, dental and vision benefits for a period not to exceed that prescribed under COBRA, as applied to all retirees of the Company.
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Continuation of Group Health Insurance. Provided Employee signs and does not revoke this Release Agreement, the Bank agrees to continue Employee on its group health insurance plan for a period of six (6) months following his resignation, on the same terms and conditions, premiums and deductibles as set forth in the Bank’s group health insurance plans and policies then in effect. This six months of continued health insurance coverage shall not count against Employee’s period of COBRA eligibility. After this six-month coverage period ends, Employee will be eligible to continue on the Bank’s group health insurance plans under COBRA, and he shall be responsible for all payments of health insurance premiums costs. In addition, should Employee become eligible for health insurance benefits under another health insurance plan(s) during the six month period, Employee’s health insurance benefits with the Bank shall cease. Employee shall promptly inform the Bank of his eligibility for alternative coverage.
Sample 1
Continuation of Group Health Insurance. If the Chairman is eligible for and elects continuation of coverage for retiree medical benefits under the Hasbro, Inc. Employee Benefits Plan, he shall be solely responsible for the full costs of his monthly medical insurance premium payments and any associated administrative fees. The Chairman’s entitlement to retiree medical benefits under the Company’s retiree medical plan shall be governed exclusively by the terms of that plan, as may be amended from time to time, and nothing in this Agreement creates any rights which supersede the terms of that plan. As of the Transition Date, the Chairman’s eligibility for dental benefits under the Hasbro, Inc. Employee Benefits Plan ceases. If the Chairman is eligible for continuation of dental benefits and timely elects coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Chairman may continue his dental benefits for a period not to exceed that prescribed under COBRA, as applied to all retirees of the Company.
Sample 1
Continuation of Group Health Insurance. As of the Transition Date, the Executive’s eligibility for health, dental and vision benefits under the Company’s group health plan ceases. If the Executive is eligible for and timely elects coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Executive may continue his health, dental and vision benefits for a period not to exceed that prescribed under COBRA at the active employees’ rate.
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Related to Continuation of Group Health Insurance

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Continuation of Welfare Benefits For the twenty-four (24) month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents life, disability, accident and health insurance benefits and other benefits and perquisites (including employee stay rates) substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason, at no greater cost to the Executive than the cost to the Executive immediately prior to such date or occurrence. Benefits otherwise receivable by the Executive pursuant to this Section 6(a)(2) shall be reduced to the extent benefits of the same type are received by the Executive from another employer during the twenty-four (24) month period following the Executive's termination of employment; provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an event or circumstance constituting Good Reason.

  • Continuation of Employee Benefits a) For an employee on lay-off the Company will provide and pay the premiums that are due in the six (6) calendar month period following the month of layoff for all the Employee Benefits as outlined in Article 24 excluding Weekly Indemnity, Sick Pay, and Long Term Disability Benefits and Accidental Death and Dismemberment.

  • Continuation of Services The Contractor shall work with the current Subcontractor prior to cancellation date to ensure all consumer needs are identified and appropriate placements and transportation needs, as applicable, have been arranged. The Subcontractor shall maintain communication with the Contractor on the process of transferring consumers until all consumers are placed.

  • Health Continuation Coverage a) Provided that Executive is eligible and has made the necessary elections for continuation coverage pursuant to COBRA under a health, dental or vision plan sponsored by the Company, the Company shall pay the applicable premiums (inclusive of premiums for Executive’s dependents for such health, dental or vision plan coverage as in effect immediately prior to the date of the Change in Control Termination) for such continued health, dental or vision plan coverage following the date of the Change in Control Termination for up to the number of months equal to the Change in Control Benefits Period (but in no event after such time as Executive is eligible for coverage under a health, dental or vision insurance plan of a subsequent employer or as Executive and Executive’s dependents are no longer eligible for COBRA coverage); provided that if continued payment by the Company of the applicable premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended, or any statute or regulation of similar effect (including, without limitation, the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of providing such continued payment, the Company will instead pay Executive on the first day of each month a fully taxable cash payment equal to the applicable premiums for that month, subject to applicable tax withholdings, for the remainder of the Change in Control Benefits Period. Such coverage shall be counted as coverage pursuant to COBRA. The Company shall have no obligation in respect of any premium payments (or any other payments in respect of health, dental or vision coverage from the Company) following the effective date of Executive’s coverage by a health, dental or vision insurance plan of a subsequent employer. Executive shall be required to notify the Company immediately if Executive becomes covered by a health, dental or vision insurance plan of a subsequent employer. If Executive and Executive’s dependents continue coverage pursuant to COBRA following the conclusion of the Change in Control Benefits Period, Executive will be responsible for the entire payment of such premiums required under COBRA for the duration of the COBRA period.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Continuation Coverage Consistent with state and federal laws, certain employees, former employees, dependents, and former dependents may continue group health, dental, and/or life coverage at their own expense for a fixed length of time. As of the date of this Agreement, state and federal laws allow certain group coverages to be continued if they would otherwise terminate due to:

  • Employee Benefit Programs During the Employment Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

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