Common use of Benefit Plan Coverage Clause in Contracts

Benefit Plan Coverage. The Company shall maintain in full force and effect for ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that ▇▇▇▇▇▇▇ 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.