Common use of Medicare Coverage Clause in Contracts

Medicare Coverage. On August 2, 2002, ▇▇▇▇▇▇ will become Medicare eligible and all coverage under the Company's medical plan (as may be in force from time to time) will cease. Effective that date, ▇▇▇▇▇▇ will have the option of enrolling in the Medicare Supplement and Prescription Plan as may then be in effect and in accordance with its terms. If ▇▇▇▇▇▇ enrolls in the Medicare Supplement and Prescription Plan, ▇▇▇▇▇▇ will pay the premium cost to the insurance company as long as he participates in the Plan.

Appears in 1 contract

Sources: Employment Agreement (Lawson Products Inc/New/De/)

Medicare Coverage. On August 2June 22, 20022003, ▇▇▇▇▇ will become Medicare eligible and all coverage under the Company's medical plan (as may be in force from time to time) will cease. Effective that date, ▇▇▇▇▇ will have the option of enrolling in the Medicare Supplement and Prescription Plan as may then be in effect and in accordance with its terms. If ▇▇▇▇▇ enrolls in the Medicare Supplement and Prescription Plan, ▇▇▇▇▇ will pay the premium cost to the insurance company as long as he participates in the Plan.

Appears in 1 contract

Sources: Early Retirement Agreement (Lawson Products Inc/New/De/)