Welfare Coverage Clause Samples

Welfare Coverage. (a) An employee with one (1) or more year's seniority may have his welfare coverage continued for six (6) months while on layoff. (b) An employee with more than four (4) months but less than one (1) year's seniority may have his welfare coverage continued for three (3) months while on lay- off. (c) An employee who elects to maintain coverage while laid off will be required to pay the employee portion of the premium in advance on a monthly basis. (d) An employee who has welfare coverage as provided for in paragraphs (a) and (b) above will on return to work have their welfare coverage extended by one month for each month in which he works. (e) An employee whose welfare coverage under paragraphs (a) and (b) above has expired will on return to work be eligible for coverage for the period of their employment. (f) An employee will qualify for a new period of welfare coverage as provided in paragraphs (a) and (b) above if they return to work for at least ten (10) days within a floating period of thirty (30) consecutive days.
View SourceView Similar (47)
Welfare Coverage. The Employer agrees to pay the coverage to the welfare plans in accordance with Article 28 for regular employees laid off for periods of less than six (6) months. In the event of a longer layoff, regular employees so affected will be given the right to continue this coverage through direct payments to the carrier. The provision to extend coverage in the event of a longer layoff does not apply to group life insurance.
View SourceView Similar (12)
Welfare Coverage. (a) An employee with one (1) or more years seniority may have his welfare coverage continued for six (6) months while on layoff. (b) An employee with more than four (4) months but less than one (1) years seniority may have his welfare coverage continued for three (3) months while on lay- off. (c) An employee who elects to maintain coverage while laid off will be required to pay the employee portion of the premium in advance on a monthly basis. (d) An employee who has welfare coverage as provided for in paragraphs (a) and (b) above, will on return to work have his welfare coverage extended by one month for each month in which he works.
View SourceView Similar (4)
Welfare Coverage. (a) An employee with one or more years seniority may have welfare coverage continued for six (6) months while on layoff. An employee with more than four (4) months but less than one years senioritymay have welfarecoveragecontinued for three (3) months while on lay-off. An employee who elects to maintain coverage while laid off will be requiredto pay the employee portion of the premium in advance on a monthly basis. An employee who has welfare coverage as provided for in paragraphs (a) and above, will on return to work have welfare coverageextended by one month for each month in which works.
View SourceView Similar (4)
Welfare Coverage. (a) An employee with one (1) or more years seniority may have his/her welfare coverage continued for six (6) months while on layoff.
View SourceView Similar (2)
Welfare Coverage. The Company shall provide Executive with coverage under the welfare plans in which Executive currently participates through the Retirement Date. Thereafter, Executive shall be treated as eligible to receive Retiree Medical coverage and for all purposes thereunder shall be treated as having been covered under a Sears medical option on the Retirement Date and as having been continuously covered for the ten (10) consecutive years immediately prior to the Retirement Date.
View Source
Welfare Coverage. Buyer and the Company shall (A) waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the employees of the Company under the Company Welfare Plans in which the Company’s employees and their dependents, participate as of the end of the Transition Services Period to the extent satisfied or waived under the applicable Seller Benefit Plan immediately prior to the end of the Transition Services Period and (B) provide each employee of the Company credit for any co-payments and deductibles paid prior to the end of the Transition Service Period in the calendar year in which the end of the Transition Service Period occurs, or, if later, in the calendar year in which the Company employees and their dependents, commence participation in the applicable Company Welfare Plan for purposes of satisfying any applicable deductible or out-of-pocket requirements under any Company Welfare Plan in which the employees are eligible to participate from and after the end of the Transition Service Period. With respect to Company employees and their dependents, Buyer and the Company shall be responsible in accordance with the Company Welfare Plans for all claims incurred after the later of the Closing Date or the end of any applicable Transition Services Period, and Seller shall be responsible in accordance with all Seller Benefit Plans for all claims incurred on or before the later of the Closing Date or the end of any applicable Transition Services Period. In addition, Buyer and the Company shall be responsible in accordance with the Company’s workers compensation program for all claims incurred after the Closing Date, and Seller shall be responsible in accordance with Seller’s workers compensation program for all claims incurred on or before the Closing Date. For purposes of the foregoing, a medical or dental claim shall be considered incurred when the medical services are rendered or medical supplies are provided, and not when the condition arose. A claim resulting in short-term or long-term disability benefits shall be considered incurred when the employee is first absent from work as a result of the injury or condition giving rise to such claim, a workers compensation claim shall be considered incurred when the claim is formally reported, and a death benefit claim shall be considered incurred when death occurs. A workers’ compensation claim shall be considered formally reported on...
View Source
Welfare Coverage. For the two-year period during which severance payments are to be made, and so long as you are in compliance with the terms and conditions of this Agreement, you (and your eligible dependents) will be eligible for group medical coverage under the Company’s medical plan (or such medical plan as may be maintained from time to time by the Company for benefit of active employees), with such coverage to be provided on the same terms and conditions as provided under such medical plan. The COBRA cost of such medical coverage will be imputed to you as taxable income for the relevant period for which coverage is provided. In the event you should participate in another employer’s medical plan, this coverage will be secondary to the coverage provided under such plan. If you elect COBRA coverage under the Company’s dental and or vision plans, Rowan will make you a lump-sum payment of $908.10 to cover the differential between active employee and COBRA rates for an 18-month period. Such payment shall be made within 30 days of your election of such COBRA coverage.
View Source

Related to Welfare Coverage

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Coverage If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.