Example ContractsClausesHealthcare Benefits
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Healthcare Benefits. In lieu of providing Executive with any premiums or insurance coverage under any continued healthcare benefits, including the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) or applicable state law, or other similar benefits, Company will pay Executive, no later than ten (10) business days following the completion of the Revocation Periods described in [Article 14], the lump sum amount of , approximating the pre-tax value of such coverage for a 12-month period (the “Healthcare Consideration”).

Healthcare Benefits. During the Term, and his eligible dependents shall be eligible to continue to participate in the Company's group health care plans as in effect from time to time, subject to ' timely payment to the Company of the full premium for such coverage in the amount determined by the Company in its discretion (the "Health Benefits"), which premium shall be paid to the Company on an annual basis no later than January 31 of each calendar year during the Term. Following the cessation of the Health Benefits coverage, and his eligible dependents shall be entitled to elect continuation coverage under the Company's group health care plans pursuant the health care continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act of 1985 (the "COBRA Benefits").

Payment of Healthcare Premiums. further agrees to continue to pay the premiums required to continue group health insurance coverage for Employee through , under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), provided that Employee elects to continue and remains eligible for these benefits under COBRA, and does not obtain medical coverage through another employer or otherwise during this period.

Healthcare, Life Insurance, 401k, holidays and other benefits:

Consistent with treatment under the GE Pension Plan, benefits and liabilities for certain former employees of General Electric Company’s healthcare and energy businesses will remain in the Plan, as determined by General Electric Company in its sole discretion and identified on a list maintained in the records of General Electric Company. (For the avoidance of doubt, with respect to individuals who have accrued GE Pension Plan benefits as of the Plan Spin-Off Date, the HealthCare Benefit Liabilities and the Energy Benefit Liabilities are the benefits and liabilities under the GE Supplementary Pension Plan for individuals whose benefits under the GE Pension Plan are transferred as of the Plan Spin-Off Date to the GE HealthCare Pension Plan or the GE Energy Pension Plan, as applicable.)

•The HealthCare Benefit Liabilities are the benefits and liabilities under the Plan for # active employees of GE HealthCare, # most former employees of General Electric Company’s healthcare business, and # certain former employees whose last employer of record within General Electric Company and its Affiliates is not attributable to any of General Electric Company’s aviation, healthcare, or energy businesses (or is attributable to General Electric Company’s aviation or energy businesses in limited cases), in each case as determined by General Electric Company in its sole discretion and identified on a list maintained in the records of General Electric Company.

Benefits and Business Expenses: The CFO will be eligible to participate in all social benefits provided by the Company including Healthcare, 401K, and will be reimbursed by the Company for all expenses incurred in the roll of CFO as determined appropriate by the CEO.

Flex Benefits Plans: Eligibility for healthcare insurance is determined by hire date. You will be eligible to participate in our healthcare insurance plan on the first of the month following one full calendar month of active employment. Based on a hire date of , your insurance eligibility date will be . The plan offers the following types of coverage with any cost to you determined by the coverage and options you select: Healthcare, Dental, Short-Term Disability, Long-Term Disability, Employee Life Insurance, Family Life Insurance, Accidental Death and Dismemberment Insurance, Vision Insurance, Hospital Indemnity, and Accident and Critical Illness/Cancer Plans. These benefits may be changed or eliminated from year to year and the Company reserves the right to make such adjustments to any and all benefits offered to all employees as it deems appropriate. Any and all premiums payable by you based on your selections will be deducted from your biweekly paycheck. The details of these benefits are described in the attached document.

Benefits. Until such time as the Company has a healthcare plan in place for employees, the Company shall reimburse Employee up to per month for medical insurance. In addition, the Company shall provide a per month car allowance.

Healthcare Permits” shall have the meaning set forth in the definition of “Healthcare Laws.”

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