Common use of Commitment Regarding Continued Participation in Welfare Plans Clause in Contracts

Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, the Company will in good faith use its best efforts to permit Employee (or his dependents, in the case of Employee’s death) to continue to participate in the Company’s employee and dependent group medical and dental benefit programs, with Employee (or his dependents) upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee and his spouse at the time of termination become eligible for Medicare coverage.

Appears in 3 contracts

Samples: Employment Agreement (IPC the Hospitalist Company, Inc.), Employment Agreement (IPC the Hospitalist Company, Inc.), Employment Agreement (IPC the Hospitalist Company, Inc.)

AutoNDA by SimpleDocs

Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, the Company will in good faith use its best efforts to permit Employee (or his dependents, in the case of Employee’s death) to continue to participate in the Company’s employee and dependent group medical and dental benefit programs, with Employee (or his dependents) upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee and his spouse at the time of termination become eligible for Medicare coverage.

Appears in 2 contracts

Samples: Employment Agreement (IPC the Hospitalist Company, Inc.), Employment Agreement (IPC the Hospitalist Company, Inc.)

Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, the Company will in good faith use its best efforts to permit Employee (or his dependents, in the case of Employee’s death) to continue to participate in the Company’s employee and dependent group medical and dental benefit programs, with Employee (or his dependents) upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee and his spouse at the time of termination become eligible for Medicare coverage.

Appears in 2 contracts

Samples: Employment Agreement (IPC the Hospitalist Company, Inc.), Employment Agreement (IPC the Hospitalist Company, Inc.)

Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, the Company will in good faith use its best efforts to permit Employee (or his her dependents, in the case of Employee’s death) to continue to participate in the Company’s employee and dependent group medical and dental benefit programs, with Employee (or his her dependents) upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee and his her spouse at the time of termination become eligible for Medicare coverage.

Appears in 1 contract

Samples: Employment Agreement (IPC the Hospitalist Company, Inc.)

AutoNDA by SimpleDocs

Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, the Company will in good faith use its best efforts to permit Employee (or his her dependents, in the case of Employee’s death) to continue to participate in the Company’s employee and dependent group medical and dental benefit programs, with Employee (or his her dependents) upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee and his her spouse at the time of termination become eligible for Medicare coverage.

Appears in 1 contract

Samples: Employment Agreement (IPC the Hospitalist Company, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.