Eligibility for Retiree Health Benefits Sample Clauses

Eligibility for Retiree Health Benefits. Unless otherwise required by the medical provider’s contract or modified through negotiations, the County shall provide payment toward each retiree’s medical/dental premiums, provided such person retires from active County service on or after November 4, 1990, and remains uninterrupted in the medical plan provided by the County. Such payment shall equal ten (10) percent of such premium and only apply to retirees having a minimum of ten (10) years of County service. Such County service need not be continuous.
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Eligibility for Retiree Health Benefits. A. Unit Members Working for the AUSD prior to July 1, 2002:
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Eligibility for Retiree Health Benefits. Executive will receive [_______ (______)] months of additional credited service solely for purposes of determining eligibility (but not the time of commencement or level of benefits) of the Executive for retiree health benefits pursuant to such retiree health plans, practices, programs and policies as the Company may have in effect at the time of Executive’s termination of employment. If Executive is at least age fifty (50) on the date of Executive’s termination of employment, Executive will be deemed fully eligible for retiree health benefits under such plans, practices, programs and policies as the Company may have in effect at the time of Executive’s termination of employment. Notwithstanding the foregoing, Executive shall not receive the foregoing additional service credit or age 50 eligibility terms to the extent that such benefits result in excise tax penalties for the Company (or any parent or subsidiary or successor of the Company) under applicable laws (including, without limitation, Section 2716 of the Public Health Service Act).
Sample 1
Eligibility for Retiree Health Benefits. The applicable premium amount for benefits under the PNM Resources, Inc. Comprehensive Retiree Health Plan, or its successor, will be determined by including the Credited Service granted under this Agreement. Notwithstanding the preceding sentence, in the event Employee is terminated by Company for Cause, unless otherwise determined by the Human Resources and Compensation Committee of the Board of Directors of PNM Resources or its successor (the “Committee”), all Credited Service granted under this Agreement shall be disregarded for purposes of calculating the applicable premium amount. Employee acknowledges that the difference between the standard applicable premium under the Retiree Health Plan and the reduced premiums called for by this Section will be treated as taxable compensation to Employee.
Sample 1

Related to Eligibility for Retiree Health Benefits

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Pre-Retirement Death Benefits Should the Executive die while --------- ----------------------------- in the service of the Bank and prior to the occurrence of his 65th birthday, the Bank will pay $1,074 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Executive. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Executive died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Executive, any payments remaining unpaid at the Executive's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Executive's estate.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

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