Change of Benefit/Carrier Clause Samples

The Change of Benefit/Carrier clause outlines the conditions and procedures under which an employer or policyholder may alter the type of insurance benefits offered or switch to a different insurance provider. Typically, this clause specifies the notice requirements, timing, and any limitations or obligations that must be met when making such changes, such as informing employees or ensuring continuity of coverage. Its core practical function is to provide a clear framework for managing transitions in insurance benefits, thereby minimizing confusion and ensuring that all parties understand their rights and responsibilities during a change in benefits or carriers.
Change of Benefit/Carrier. The benefits outlined in article 19.01 shall not be reduced from the current level. The carrier shall not be changed without the approval of the local unless beyond the control of either party.
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Change of Benefit/Carrier. The benefits outlined in Article 16 shall not be reduced from the current level. The Employer may change carriers but no change in carrier shall result in a decrease in any or all of the benefits individually or grouped currently received by the employees.
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Change of Benefit/Carrier. The Plans referred to in this Article, including the pension plan, shall remain in full force for the duration of the collective agreement. However, the Hospital shall have the right, during the term of this Agreement, to substitute a different carrier provided that: (1) The substituted plan shall not result in a decrease in any benefit provided by the existing plan, and (2) Sixty (60) days’ notice will be given to the Union of the Hospital's intention to substitute a different carrier, with full details of the plan being substituted provided to the Union, and (3) Representatives of the Hospital will meet with the Union, if requested, to review and discuss any problems involved in such substitution.
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Change of Benefit/Carrier. It is understood that the Employer may at any time substitute another carrier for any plan, provided the benefits remain the same. Before making such a substitution, the Employer shall notify the Union to explain the proposed change. Upon request by the Union, the Employer shall provide to the Union full specification of the Benefit Programs contracted for and in effect for Employees covered herein.
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Change of Benefit/Carrier. Whenever the Employer decides to change benefit carriers, a committee will be struck to review submissions from carriers and make a recommendation to the Employer. Half the committee shall be comprised of Union representatives.
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Change of Benefit/Carrier. ‌ Should the Employer opt to change benefit carriers, the Employer shall notify the Union of the intended change with a minimum one (1) months’ notice from the date the change is to take place, to give the latter an opportunity to raise questions and seek responses to concerns. Where there is an anticipated reduction in net benefits, the Employer shall provide a comparison of the different carriers and shall not finalize a change in benefit carrier until the Union’s questions and/or concerns have been addressed and agreed upon.
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Change of Benefit/Carrier. The Employer agrees to notify the Union in writing prior to any changes to existing benefit carriers or insurance policies, and further agrees that any change in carriers or amendments to existing policies will result in an equal or greater level of insurance coverage unless mutually agreed otherwise. The Employer agrees to pay the full premium costs of all benefits for the months of December and January.
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Change of Benefit/Carrier. The benefits outlined in Article 24.01 shall not be reduced from the current level.
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Related to Change of Benefit/Carrier

  • CHANGE OF BENEFICIARY 18.1 The policyholder has the authority to appoint another beneficiary during the life of the insured person.. However, if the beneficiary has declared, with the written consent of the policyholder, that he accepts the benefit of the contract, the policyholder can exercise his rights under the contract only with the cooperation of the beneficiary, who has so accepted. The change will take effect from the moment that the insurer has noted this on the policy.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and ▇▇▇▇ the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will ▇▇▇▇ the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].