Default Plan Sample Clauses
The Default Plan clause establishes the procedures and consequences that apply if a party fails to fulfill its obligations under the agreement. Typically, this clause outlines the steps that will be taken in the event of a default, such as providing notice to the defaulting party, granting a cure period to remedy the breach, and specifying potential remedies like termination or damages if the default is not corrected. Its core practical function is to provide a clear framework for addressing breaches, thereby reducing uncertainty and helping both parties understand their rights and responsibilities in the event of non-performance.
Default Plan. Employees who fail to enroll within fifteen contract (15) days of becoming eligible for benefits or within an open enrollment period shall be placed by SEBB in SEBB’s default plan and lose the opportunity to elect supplemental coverage until the next open enrollment period available to that employee.
Default Plan. 306 The Employer shall fund the benefits covered under the Default Plan for eligible employees only. 307 Coverages, limitations and exclusions of the foregoing Health and Welfare Plans, Dependent Care and Health Care Spending Accounts coverages are established and governed by the Employer’s service agreements with respective providers, insurance carriers, Plan Documents, and Summary Plan Descriptions. Further information can be found in the TPMG Benefits For You Booklet. 308 Alternate Compensation Program (ACP) 309 Eligibility 310 A newly hired and newly eligible employee who is regularly scheduled to work twenty
Default Plan. The Employer may designate the retirement plan in which employees failing to make a timely plan selection shall automatically be enrolled. The Employer will provide thirty (30) days’ notice to the Union of any change in the default plan.
Default Plan. 304 The Employer shall fund the benefits covered under the Default Plan for eligible employees only. 305 306 307 308 309 310 311 312 313 314 Coverages, limitations and exclusions of the foregoing Health and Welfare Plans, Dependent Care and Health Care Spending Accounts coverages are established and governed by the Employer’s service agreements with respective providers, insurance carriers, Plan Documents, and Summary Plan Descriptions. Further information can be found in the TPMG Benefits For You Booklet. Alternate Compensation Program (ACP), Effective January 1, 2021 Eligibility A newly hired and newly eligible employee who is regularly scheduled to work twenty
Default Plan. 302 The Employer shall fund the benefits covered under the Default Plan for eligible employees only. 303 Coverages, limitations and exclusions of the foregoing Health and Welfare Plans, Dependent Care and Health Care Spending Accounts coverages are established and governed by the Employer’s service agreements with respective providers, insurance carriers, Plan Documents, and Summary Plan Descriptions. Further information can be found in the TPMG Benefits For You Booklet.
Default Plan. Regular Genetic Counselor and Genetic Counselor Coordinators who do not make elections under the "Benefits by Design" flexible benefits program during the election period are enrolled in Health Plan, Supplemental Medical and Life Insurance equal to one (1) times their annual salary up to a maximum of $50,000 whichever is less. They will have no Dental Coverage and will not receive any flex credits. Dependent coverage is not available for any default plan coverage. Coverage is for the Genetic Counselor and Genetic Counselor Coordinator only and will remain in effect for the rest of the year until the next open enrollment period when Genetic Counselor and Genetic Counselor Coordinators may make changes to their coverage, which will take effect on January 1 of the following plan year. Coverages, limitations and exclusions of the foregoing Health and Welfare Plans, Dependent Care and Health Care Spending Account coverages are established and governed by the Employer’s service agreements with the respective providers, insurance carriers, Plan Documents and Summary Plan Descriptions.
Default Plan. The Employer shall fund the benefits covered under the Default Plan for eligible employees only.
Default Plan. The Default Plan is provided only to regular employees (not their eligible dependents) scheduled to work 32 hours or more per week who do not make elections under the “Benefits by Design” flexible benefits program during the election period. Regular employees scheduled to work less than 32 hours per week and their eligible dependents are not eligible to participate in the Default Plan. The Default Plan provides Health Plan (with Supplemental Medical) and Life Insurance equal to one times the employee’s annual salary to a maximum of $50,000. Employees under the Default Plan do not have dental or long-term disability benefits and are not eligible to receive flex credits. The Default Plan will remain in effect for the rest of the year until the next flex open enrollment period when employees may make changes and/or add eligible dependents to their coverage.