Benefit Plans Clause Example from Business Contracts
This example Benefit Plans clause appears in
4 contracts
from
1 company
Benefit Plans. If you are currently participating in the Company's group health insurance plans, your participation as an employee will end on [the Separation Date] or [the last day of the month in which separation occurs]. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may be able to convert to
...an individual policy through the provider of the Company's health insurance, if you wish. [Name] [Date] Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan rollover procedures should you be a participant in this program. You may be eligible for unemployment insurance ("UI") benefits after the Separation Date. The Massachusetts Department of Unemployment Assistance, not the Company, will determine your eligibility for such benefits.
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