Termination of Employer Group Sample Clauses

The 'Termination of Employer Group' clause defines the conditions and procedures under which an employer group’s participation in an agreement or plan may be ended. Typically, this clause outlines the specific events or actions—such as non-payment of premiums, voluntary withdrawal, or failure to meet eligibility requirements—that can trigger termination. It may also describe the notice period required and the responsibilities of both parties upon termination. The core function of this clause is to provide a clear framework for ending the relationship between the employer group and the other party, thereby minimizing disputes and ensuring both sides understand their rights and obligations in the event of termination.
Termination of Employer Group. 7.4.1 Nonpayment. Payment is due in accordance with Section 5.1. If Employer Group fails to pay the full amount due by the end of the Grace Period as described in Section 5.1, then Plan may cancel this Agreement and terminate the rights of the Members involved. Such rights may be reinstated only in accordance with Section 7.4.2. Plan shall continue to provide Benefits to the Members until the effective date of cancellation. If Members are hospitalized on the effective date of cancellation, then Plan shall continue to provide Benefits for the remainder of the hospital stay, if such Members continue to pay all applicable Premiums and Copayments, unless the Member(s) become covered earlier under other group or COBRA coverage. Plan shall issue to Employer Group a 30-day advance written notice of prospective cancellation (i.e., a Notice of Start of Grace Period) if payment is not received by the due date set forth in Section 5.1. If full payment for the unpaid, invoiced Premiums is not received by 11:59 p.m. on the last day of the Grace Period, then Plan shall issue a Notice of End of Coverage to Employer Group and to all individual Members of Employer Group.
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Termination of Employer Group. 7.4.1 Nonpayment. Payment is due in accordance with Section 5.1. The unpaid invoiced Premiums are the current month’s Premiums. If the Employer Group fails to pay the full amount due by the end of the 30-day grace period as described in Section 5.1, then the Plan may cancel this Agreement and terminate the rights of the Members involved, per Section 7.4.2. Such rights may be reinstated only in accordance with Section 7.4.3. The Plan shall continue to provide Benefits to the Members until the effective date of cancellation. If Members are hospitalized on the effective date of cancellation, then the Plan shall continue to provide Benefits for the remainder of the hospital stay, if such Members continue to pay all applicable Premiums and Copayments, unless the Member(s) become covered earlier under other group or COBRA coverage.
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Related to Termination of Employer Group

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.