Medical and Dental Benefits. A lump sum amount equal to # the amount of the monthly premiums that the Participant would be required to pay, if he or she elected “COBRA” continuation coverage under the medical and dental plans of the Corporation in which the Participant was participating immediately before the Qualified Termination of Employment, based upon the premium rates in effect as of the date of the Qualified Termination of Employment, times # for a Tier I Participant, 24, and for a Tier II Participant, 12.
Medical, Dental and Other Benefits. The Executive shall be eligible to enroll and participate in any and all benefit plans the Company provides to its senior level executives, as modified, amended or terminated from time to time in accordance with the applicable policies or plan documents and which may include, but not be limited to, medical and dental coverage, life and disability insurance, retirement plans and deferred compensation plans. The premiums, costs and expenses for any benefit plans under which the Executive is participating shall be borne by the Executive and the Company in accordance with the Company’s policies related to such plans. The Executive shall receive four (4) weeks of paid vacation each year, which if not taken may not be carried forward to any subsequent year. The Executive shall not receive any compensation for any unused vacation days and upon termination of employment for any reason, any unused vacation days shall be forfeited. Any and all benefits provided for hereunder shall not be included in the definition of the term “Base Salary” as that term is used in this Agreement. All such benefits shall immediately cease and terminate upon the later of # the termination date of the Employment Period, # the expiration date of coverage under the terms of the applicable plan document, or # the expiration date of coverage for such benefits by the Company as described in Section 4; provided, that upon such termination, the Executive shall have the right to elect to continue any or all of such health benefits, programs or coverage, at his sole cost and expense, in accordance with and subject to the terms and limitations set forth in the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) and the regulations promulgated in connection therewith.
Medical and Dental Insurance. [[Organization B:Organization]] will either reimburse, if Loggenberg obtains his own coverage, or provide health insurance, dental insurance, medical and hospital treatment benefits for Loggenberg with such medical and hospital treatment program as made available to other similarly situated employees, and other type of benefits as the [[Organization B:Organization]] may from time to time have in effect for its other employees and their families. The [[Organization B:Organization]] currently covers 80% of the cost of such coverage with the employee responsible for the remainder. Alternatively, Loggenberg may purchase his own insurance, and the [[Organization B:Organization]] will contribute the amount it would have contributed under the [[Organization B:Organization]]'s regular health insurance program.
Continuation of Medical and Dental Coverage. Employee (or Employee’s surviving covered dependents) will have the option to continue medical and dental coverage at a reduced rate; provided, however, that such reduced rate shall cease at such time as Employee (or surviving covered dependent) is eligible for medical coverage either through Medicare or some other public program or through subsequent employment, whichever comes first, and whether or not Employee or dependent actually enrolls for such coverage. The reduced rate described in the immediately preceding sentence shall be the contribution rate charged by the Company to similarly situated active employees/dependents, as adjusted from time to time, during the period ending twelve (12) months after the end of the month of the Termination Date; and for any period thereafter, if applicable, the reduced rate shall be based on Employee’s age and years of credited service as of the Termination Date, using the manner that such rates would have been determined had Employee qualified for retiree benefits. Employee (or surviving covered dependents) shall complete and return all required forms to the Company and the insurance carriers in order to receive the benefits described in this paragraph. Employee (on behalf of Employee and any surviving covered dependents) further agrees that they shall promptly notify the Company when an event as described in this paragraph 2(c) of this Agreement has occurred, which terminates Employee’s (or any surviving covered dependent’s) eligibility for continued benefit coverage or coverage at a reduced rate. Such notification shall be directed to: Service Corporation, Human Resources Department, Attn: Payroll Manager, 1 Riverside Plaza, Columbus, OH 43215, 1-888-AEP-BENE (1-), or as the Company may otherwise direct by written notice provided to Employee (or any surviving covered dependents).
You will be eligible to continue to participate in your home country benefit plans, wherever possible. As your home country medical, dental and vision care plan may not provide adequate coverage globally, you will need to enroll in medical, dental and vision care benefits through Aetna International.
“Health and Welfare Benefits” means all Company medical, dental, vision, life and disability plans in which Employee participates.
Benefits. You will be eligible for Health benefits of medical, dental, vision, and life insurance and 401(k) Retirement Plan (currently no matching) on your start date.
If, at the time of Mr. Reeves’ termination of employment, the Company no longer provides subsidized pre-65 retiree medical and dental benefits, then the aforementioned lump sum payment will not be made. If, at the time of Mr. Reeves’ termination of employment, Mr. Reeves is otherwise eligible for subsidized retiree medical and dental benefits, then the aforementioned lump sum payment will not be made.
Responsibility for Welfare Plan Claims. With respect to each Continuing Employee (including any beneficiary or the dependent thereof), Seller shall retain all Liabilities and obligations for any medical, dental, health, accident or disability claim to the extent that such Liability or obligation relates to claims incurred (whether or not reported or paid) prior to the Closing Date and Buyer and its Affiliates shall be liable for any such claim incurred on or following the Closing Date. For purposes of this Section 5.07(g), a claim shall be deemed to be incurred when # with respect to medical, dental and health related benefits, the medical, dental or health related services giving rise to such claim are performed, # with respect to disability and workmens compensation benefits, the injury, sickness or other event giving rise to the claim for such benefits occurs, and # with respect to accident or life insurance, the accident or death occurs.
Medical, Dental, and Vision Coverage 4
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