Benefit Plan Coverage. The Company shall maintain in full force and effect for Employee and his dependents for six months after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which Employee or his dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termination, provided that such continued participation is possible under the general terms and provisions of such benefit plans, programs and arrangements. In the event that participation in any benefit plan, program or arrangement described above is barred, or any such benefit plan, program or arrangement is discontinued or the benefits thereunder materially reduced, the Company shall arrange to provide Employee and his dependents for six months after the date of termination with benefits substantially similar to those that they were entitled to receive under such benefit plans, programs and arrangements immediately prior to the date of termination. Notwithstanding any time period for continued benefits stated in this Paragraph 7b.iii., all benefits in this Paragraph 7b.iii. will terminate on the date that Employee becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that Employee was required to contribute amounts for the benefits described in this Paragraph 7b.iii. prior to his termination, he shall continue to contribute such amounts for such time as these benefits continue in effect after termination.
Benefit Plan Coverage. Benefit plans shall include coverage for dependents based on Medical Services Plan eligibility rules, if required by the employee.
Benefit Plan Coverage. The Company shall maintain in full force and effect for Employee and her dependents for one year after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which Employee or her dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termination, provided that such continued participation is possible under the general terms and provisions of such benefit plans, programs and arrangements. In the event that participation in any benefit plan, program or arrangement described above is barred, or any such benefit plan, program or arrangement is discontinued or the benefits thereunder materially reduced, the Company shall arrange to provide Employee and her dependents for one year after the date of termination with benefits substantially similar to those that they were entitled to receive under such benefit plans, programs and arrangements immediately prior to the date of termination. If immediately prior to the date of termination the Company provided Employee with any club memberships, Employee will be entitled to continue such memberships at her sole expense. Notwithstanding any time period for continued benefits stated in this Paragraph 7.b.ii, all benefits in this Paragraph 7.b.ii will terminate on the date that Employee becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that Employee was required to contribute amounts for the benefits described in this Paragraph 7.b.ii prior to her termination, she shall continue to contribute such amounts for such time as these benefits continue in effect after termination.
Benefit Plan Coverage. The Company shall maintain in full force and effect for Xxxxxxx and his dependents for six months after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which Xxxxxxx or his dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termination, provided that such continued participation is possible under the general terms and provisions of such benefit plans, programs and arrangements. In the event that participation in any benefit plan, program or arrangement described above is barred, or any such benefit plan, program or arrangement is discontinued or the benefits thereunder materially reduced, the Company shall arrange to provide Xxxxxxx and his dependents for six months after the date of termination with benefits substantially similar to those that they were entitled to receive under such benefit plans, programs and arrangements immediately prior to the date of termination. Notwithstanding any time period for continued benefits stated in this Paragraph 8b.iii, all benefits in this Paragraph 8b.iii will terminate on the date that Xxxxxxx becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that Xxxxxxx was required to contribute amounts for the benefits described in this Paragraph 8b.iii prior to his termination, he shall continue to contribute such amounts for such time as these benefits continue in effect after termination.
Benefit Plan Coverage. Executive (and Executive's spouse and dependents where applicable) will receive coverage under Acquiror's group health plan, group dental plan, and group life and AD&D plan (the "Group Plans") at Acquiror's expense, from and after the Effective Time for a period of 36 months. In lieu of such coverage under the Group Plans, Acquiror may pay the Executive the present value of such benefits (grossed-up under Section 5 of the Executive's Employment Agreement with the Company); provided that Executive shall then be allowed to continue in Acquiror's Group Plans for 36 months upon payment of premiums for coverage under the same to Acquiror.
Benefit Plan Coverage. (a) In the event Buyer does not continue the Benefit Plans set forth on Schedule 7.4, Buyer shall take commercially reasonable efforts to cause the employees of the Surviving Corporation (the “Continuing Employees”) to be eligible for employee benefit plans that are substantially similar in the aggregate to the benefits provided to similarly situated employees of Buyer and its Affiliates. To the extent Buyer elects to have Continuing Employees, and their eligible dependents where applicable, participate in Buyer’s employee benefit plans, programs or policies following the Closing Date, (i) Buyer will allow such Continuing Employees, and their eligible dependents where applicable, to participate in such plans, programs and policies on terms substantially similar to those provided to similarly situated employees of Buyer and its Affiliates, (ii) each such Continuing Employee will receive credit for purposes of eligibility to participate, vesting, and years of seniority under such plans, programs and policies for years of service with the Company prior to the Closing Date to the same extent that such Continuing Employee would have received credit for service under such plans, programs and policies if the Continuing Employee’s service had been rendered to Buyer, and (iii) Buyer will use commercially reasonable efforts to give credit for any co-payments or deductibles paid by the Continuing Employees during the year in which the Closing Date occurs to the extent that that the Company timely provides to Buyer, in a commercially reasonable format, the requisite data concerning such expenditures by the Continuing Employees through the Closing Date and will to the extent practicable cause any and all pre-existing condition limitations, eligibility waiting periods and evidence of insurability requirements under any group health plans of Buyer and its Affiliates in which such Continuing Employees and their eligible dependents will participate to be waived.
Benefit Plan Coverage. The Employer agrees to remit the premium cost of the Health and Welfare Plan, which is administered by the CLAC Health and Welfare Trust Fund, on behalf of all eligible employees, subject to the provisions of Section 3 and Section 4 below. An outline of the Plan is found in Appendix “K”. All eligible employees, including dependent contractors, must, at a minimum, participate in the critical coverage portions of the Plan.
Benefit Plan Coverage. Executive (and Executive's spouse and dependents where applicable) will receive coverage under Acquiror's group health plan, group dental plan, and group life and AD&D plan (the "Group Plans") at Acquiror's expense, from and after the Effective Time for a period of 36 months. In lieu of such coverage under the Group Plans, Acquiror may pay the Executive the present value of such benefits.
Benefit Plan Coverage. (i) The Buckeye Group Benefit Plans that are welfare plans within the meaning of section 3(1) of ERISA (“Buckeye’s Welfare Plans”) providing for medical, dental, vision, and life and accidental death and dismemberment insurance benefits (the “Buckeye Core Plans”) shall continue to provide coverage to the U.S. Transferred Retail Employees and Transferred Inactive Retail Employees through April 30, 2009. Buckeye U.S. and Buckeye Core Plans shall be liable for all claims incurred under the Buckeye Core Plans with respect to U.S. Transferred Retail Employees and Transferred Inactive Retail Employees and their spouses and dependents through April 30, 2009. The Bear Group Benefit Plans that are welfare benefit plans within the meaning of section 3(1) of ERISA (“Bear’s Welfare Plans”) providing for medical, dental, vision, and life and accidental death and dismemberment insurance benefits (the “Bear Core Plans”) shall provide coverage and benefits for all U.S. Transferred Retail Employees and for all Transferred Inactive Retail Employees beginning on May 1, 2009. Bear U.S. and the Bear Core Plans shall be liable for all claims incurred under the Bear Core Plans with respect to U.S. Transferred Retail Employees and Transferred Inactive Retail Employees and their eligible spouses and dependents on and after May 1, 2009. Effective as of April 19, 2009, all U.S. Transferred Retail Employees and Transferred Inactive Retail Employees will cease active participation in, and any benefit accrual under, each of Buckeye’s Welfare Plans that are not the Buckeye Core Plans. Buckeye U.S. and Buckeye’s Welfare Plans that are not Buckeye Core Plans shall be liable for all claims incurred with respect to U.S. Transferred Retail Employees and Transferred Inactive Retail Employees and their spouses and dependents through April 19, 2009. Bear’s Welfare Plans that are not Bear Core Plans shall provide coverage and benefits for all U.S. Transferred Retail Employees and Transferred Inactive Retail Employees and their respective eligible spouses and dependents effective as of April 19, 2009. Bear U.S. and Bear’s Welfare Plans that are not Bear Core Plans shall be liable for all claims incurred under Bear’s Welfare Plans that are not Bear Core Plans with respect to U.S. Transferred Retail Employees and Transferred Inactive Retail Employees and their eligible spouses and dependents on and after the day after April 19, 2009. Notwithstanding any provision of this Agreement to the contrary, ...
Benefit Plan Coverage. The Company shall maintain in full force and effect for Employee and his dependents for six months after the date of termination, all life, health, accident,
