PROVINCIAL HEALTH CARE. For Canadian based employees the Corporation will pay 50% of the premiums for health care in any province where premiums are charged.
PROVINCIAL HEALTH CARE. Coverage for your provincial health care and for your eligible dependents begins on the date of hire. The Company pays one hundred (100) percent of the premium cost.
PROVINCIAL HEALTH CARE. Alberta Health Care premiums will be paid 100% by Trident Exploration Corp. HEALTH CARE SPENDING ACCOUNT Trident Exploration Corp. allocates $1500.00 per calendar year, per employee to their Health Care Spending Account. Pro-rated allowance allocations are calculated based on the employee’s start date. Some benefits paid by the company, on behalf of the employee, are subject to the taxable requirements of the Canadian Income Tax Act. OPTIONAL COVERAGE Optional Group Term Insurance is available in units of $10,000. The maximum coverage is $500,000 for an employee and/or spouse. You can apply for any combination of coverage and have premiums collected through payroll deduction. Optional Critical Illness Insurance is available in addition to your Basic Critical Illness Insurance. You may apply for additional coverage in units of $25,000 up to a maximum of $150,000 for you and/or your spouse. Premiums are collected through payroll deduction. SCHEDULE “D” In order to receive the entitlements referred to in this Agreement, the Executive shall execute the attached Release, fully releasing the Corporation from all further claims in relation to his employment or Employment Benefits and the termination thereof upon payment of the remuneration and benefits referred to in Article 6 of the Executive Employment Agreement. The attached Release shall not, however, require that the Executive relinquish or release any rights to indemnity which the Executive may, as an officer or director of the Corporation, have as against the Corporation for costs, charges and expenses reasonably incurred by him in respect of any civil, criminal or administrative action or proceeding to which the Executive is made a party by reason of being or having been a director or officer of the Corporation where:
PROVINCIAL HEALTH CARE. For Canadian based employees the Corporation will pay 50% of the premiums for health care in any province where premiums are charged. HEALTH CARE BENEFIT Canadian based executives: The plan provides 100% coverage for semi-private hospital rooms and 85% coverage for most other health services including generic prescription drugs, physiotherapy, and para-medical practitioners. An annual $25 deductible applies to most services and premiums are shared between the Corporation and the employee. U.S. based executives: The plan provides 100% coverage for all medical services including doctor's appointments, hospital rooms, generic prescription drugs, physiotherapy, and para-medical practitioners. A co-payment by the employee is required for most services. Premiums are shared with the Corporation paying the full cost of an HMO plan for the employee and 50% of all costs for dependents. Employees pay the cost difference for a more comprehensive plan (i.e. POS or Indemnity) and 50% of the cost for dependents. VISION CARE Canadian based executives: Plan covers 85% of the cost for glasses/contact lenses to a maximum of $175 plus 85% of the cost of an eye exam per person every two calendar years. Corporation pays 100% of the premiums.
