Benefits Coverage During Lay-off Clause Samples

Benefits Coverage During Lay-off. Benefits for laid-off Employees shall cease on the effective date of Layoff with the exception of Medical, Extended Health and Dental, which shall be discontinued effective the end of the month in which the effective date of layoff occurs, unless the laid-off Employee elects to pay 100% of the premium for these benefits during each month of the Layoff, and subject to the approval of respective insurance carriers. Continuation of benefits coverage under this option will only be extended for a maximum of twelve (12) months from the date of Layoff.
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Benefits Coverage During Lay-off. Health and/or dental benefit coverage shall be made available to a redundant teacher for a period of 31 days following redundancy, provided the teacher has this benefit coverage prior to redundancy and pays 100% of the premiums.
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Benefits Coverage During Lay-off i) Employees with more than six (6) months' but less than two (2) year's seniority = Two (2) months. ii) Employees with two (2) or more years' seniority = Four (4) months. iii) In order for reinstatement of lay off coverage to occur there must be a return to regular full-time employment. An Employee returns to regular full-time employment when he is employed for 10 working days within a floating period of thirty consecutive days. iv) In addition, an Employee who returns to work for at least one working day and less than 10 working days will be covered for that month, in addition to any lay off coverage to which he was entitled, if the recall occurred during the period of lay off coverage. v) For the purposes of Benefit Coverage while off work on Workers Compensation or any other medically supported condition/injury which is as a result of work for the Company, the Company shall pay all premium costs for the following periods: a) Employees with less than one (1) year's service shall be entitled to twelve (12) months coverage. b) Employees with one (1) or more year's service shall be entitled to twelve (12) months coverage, plus one (1) additional month for each year's service, up to an additional six (6) months. c) In order for reinstatement of the above coverage to occur there must be a return to regular full-time employment. An Employee returns to regular full-time employment when he is employed for 10 working days within a floating period of thirty consecutive days.
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Related to Benefits Coverage During Lay-off

  • Benefits During Leave Employees are encouraged to contact the Employer’s Benefits Office (phone # ▇▇▇-▇▇▇-▇▇▇▇, ▇▇▇▇▇▇▇▇@▇▇.▇▇▇) prior to any leave without pay to understand impact on benefits and learn about other points to consider.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Death During Employment If the Executive dies during the term of employment and has not attained the age of seventy years, the Corporation and/or any third party insurance provided by the Corporation, through a coordination of benefits, shall pay the estate of the Executive a death benefit equal to two times the Executive's annual salary. In the event the Executive receives death benefits payable under any group life insurance policy issued to the Corporation, the Corporation's liability under this clause will be reduced by the amount of the death benefit paid under such policy. The Corporation shall pay any remaining death benefits to the estate of the Executive over the course of twelve (12) months in the same manner and under the same terms as the Executive would have been paid if he had still been working for the Corporation. No later than one (1) month from the date of death, the estate of the Executive will also be paid any accumulated vacation pay. Such payments pursuant to this paragraph shall constitute the full compensation of said Executive and he and his estate shall have no further claim for compensation by reason of his employment by the Corporation.

  • Continuation of Optional Coverages During Unpaid Leave or Layoff An employee who takes an unpaid leave of absence or who is laid off may discontinue premium payments on optional policies during the period of leave or layoff. If the employee returns within one (1) year, the employee shall be permitted to pick up all optionals held prior to the leave or layoff. For purposes of reinstating such optional coverages, the following limitations shall be applicable. For the first twenty-four (24) months of long-term disability coverage after such a period of leave or layoff during which long-term disability coverage was discontinued, any such disability coverage shall exclude coverage for pre-existing conditions. For disability purposes, a pre-existing condition is defined as any disability which is caused by, or results from, any injury, sickness or pregnancy which occurred, was diagnosed, or for which medical care was received during the period of leave or layoff. In addition, any pre-existing condition limitations that would have been in effect under the policy but for the discontinuance of coverage shall continue to apply as provided in the policy. The limitations set forth above do not apply to leaves that qualify under the Family Medical Leave Act (FMLA).