Insurance Continuation definition

Insurance Continuation. A teacher electing retirement shall be entitled to insurance continuation under M.S. 471.61, if the carrier or carriers permit, to continue as a member of the group for all insurance purposes. The teacher shall pay the full premium for any coverage selected.
Sample 1

Examples of Insurance Continuation in a sentence

  • APPENDIX A Memorandum of Understanding between the Lansing School District and AFSCME Bus Drivers Unit concerning Insurance Continuation When an employee goes on an unpaid leave (i.e. when sick or vacation leave is exhausted), the District ceases payment for benefits at the end of the month when the unpaid portion of the leave begins.

  • Insurance Continuation 13 Nurses taking leaves as provided for in Section 1.D. and E., must use accrued PTO/EIB at their 14 status from the time the leave begins each pay period until such accruals are exhausted.

  • The Health Insurance Continuation provided under this Section 4.2(d)(iv) will cease on the date on which Employee becomes eligible for health insurance coverage under another employer’s group health insurance plan and within five (5) calendar days of Employee becoming eligible for health insurance coverage under another employer’s group health insurance plan, Employee agrees to inform the Company of such fact in writing.

  • Thereafter, Employee is entitled to continuation of her health insurance benefits pursuant to the Consolidated Omnibus Reconciliation Act (“COBRA”), or Insurance Continuation pursuant to Minn.

  • Executive shall have the right to receive Health Insurance Continuation.

  • The Compensation Continuation Payments and the Medical Insurance Continuation Benefits as payable under the terms of this Paragraph 7 shall be considered by the Parties as “Enhanced Severance Compensation” to the Minister in consideration of all other provisions of this Agreement and to which the Minister would not otherwise have been entitled.

  • Executive acknowledges and agrees that the Company may deduct from any Severance Payment Executive receives pursuant to this Agreement, amounts that Executive is responsible to pay for Health Insurance Continuation.

  • The Wife understands that pursuant to Public Law §99-272 Title X Group Health Insurance Continuation (more commonly referred to as COBRA), she may be entitled to continuation of medical insurance for her benefit through the Husband's employer for three (3) years subsequent to a divorce, subject to the provisions of the aforementioned federal law and at her own expense.

  • Health Insurance Continuation – Employees on FMLA leave may continue to participate in Vectren’s group health insurance plans by continuing to make the employee’s portion of the premium payments.

  • The City will comply with the Police Officer’s Insurance Continuation Privilege, 215 ILCS 5/367g, or as amended.

Related to Insurance Continuation

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • Benefit Continuation Period shall have the meaning set forth in Section 5(b).

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • Notice of Continuation means a notice substantially in the form of Exhibit D (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Administrative Agent pursuant to Section 2.8. evidencing the Borrower’s request for the Continuation of a LIBOR Loan.

  • Continuation Date means any date on which Borrower continues a LIBOR Advance into another Interest Period.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Insurance Consultant or "consultant" means a person who:

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • COBRA continuation provision means any of the following:

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Continuation Notice as defined in Section 2.17(a).

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • insurance period means a contribution period or an equivalent period;

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Continuation and “Continued” each refers to the continuation of a LIBOR Loan from one Interest Period to another Interest Period pursuant to Section 2.9.