Benefits upon Termination for Death or Disability. (i) If the Company terminates the Executive's employment due to his permanent disability, pursuant to Subsection 5.2(a) herein, the Company shall continue to provide him and his dependents coverage under insurance Plans, at his option, for the longer of one year or the period required by applicable law. The Company shall provide such coverage at its expense (except with respect to those costs for which the Executive was responsible prior to the termination of employment).
Appears in 3 contracts
Samples: Agreement (DRS Technologies Inc), Agreement (DRS Technologies Inc), Agreement (DRS Technologies Inc)
Benefits upon Termination for Death or Disability. (i) If the Company terminates the Executive's ’s employment due to his permanent disability, pursuant to Subsection 5.2(a) herein, the Company shall continue to provide him and his dependents coverage under insurance Plansthe Benefit Programs, at his option, for the longer of one year Executive reaching the age of sixty-five (65) or the period required by applicable law. The Company shall provide such coverage at its expense (except with respect to those costs for which the Executive was responsible prior to the termination of employment).
Appears in 1 contract
Samples: Agreement (Ads in Motion, Inc.)
Benefits upon Termination for Death or Disability. (i) If the Company terminates the Executive's employment due to his her permanent disability, pursuant to Subsection 5.2(a) herein, the Company shall continue to provide him her and his her dependents coverage under insurance the Insurance Plans, at his her option, for the longer of one year or the period required by applicable law. The Company shall provide such coverage at its expense (except with respect to those costs for which the Executive was responsible prior to the termination of employment).
Appears in 1 contract
Benefits upon Termination for Death or Disability. (i) If the Company terminates the Executive's employment due to his permanent disability, pursuant to Subsection 5.2(a) herein, the Company shall continue to provide him and his dependents coverage under insurance the Insurance Plans, at his option, for the longer of one year Executive reaching the age of sixty-five (65) or the period required by applicable law. The Company shall provide such coverage at its expense (except with respect to those costs for which the Executive was responsible prior to the termination of employment).
Appears in 1 contract
Samples: Agreement (DRS Technologies Inc)