First Eligibility Date definition
Examples of First Eligibility Date in a sentence
The Dependent Child will be covered automatically, but only for the first thirty- one (31) days following the First Eligibility Date.
The Subscriber must enroll such a Dependent Child within thirty-one (31) days of the child’s First Eligibility Date when an additional premium is due for the enrollment of the Dependent Child.
The Effective Date for a Dependent Child is the Dependent Child’s First Eligibility Date.
In the event of the Executive’s death following the First Eligibility Date but prior to the Second Eligibility Date, the Company shall have no obligation to pay the Second Installment hereunder, and the Executive’s estate shall have no rights against the Company hereunder with respect to the Second Installment.
In the event of a termination of the Executive’s employment with the Company prior to the First Eligibility Date due to Permanent Disability, the Company shall have no obligation to pay the Retention Bonus hereunder, and the Executive shall have no rights against the Company hereunder with respect to the Retention Bonus.
However, if addition of the Dependent Child results in a change in the Subscriber's Type of Coverage (e.g., from Individual and Adult or Individual and Child coverage to Family coverage), the Dependent Child's automatic coverage will end on the thirty-first (31st) day following the child's First Eligibility Date.
If a Subscriber has Individual Coverage on the Dependent Child's First Eligibility Date, the Dependent Child will be covered automatically, but only for the first thirty-one (31) days following the Dependent Child's First Eligibility Date.
In the event (A) the Executive's employment with the Company is terminated following the First Eligibility Date but prior to the Second Eligibility Date and (B) the termination is a Termination With Cause, the Executive must repay the Company the net amount of the First Installment that the Executive actually received (i.e., net of applicable taxes and withholdings) within sixty (60) days of the date of such Termination of Employment.
If a Subscriber already has Family Coverage on the Dependent child's First Eligibility Date, a newborn Dependent Child, newly adopted Dependent child, newly eligible Dependent Child stepchild or Primary Care Dependent, or a minor Dependent Child for whom guardianship is granted by court or testamentary appointment will be covered automatically as of the child's First Eligibility Date.
In the event of the Executive's death prior to the First Eligibility Date, the Company shall have no obligation to pay the Retention Bonus hereunder, and the Executive’s estate shall have no rights against the Company hereunder with respect to the Retention Bonus.