Common use of Continuation Benefits Clause in Contracts

Continuation Benefits. Continuation Benefits shall be the continuation of the Benefits, as defined in Section 5.1, for the period from the Termination Date to the Expiration Date, or such other period as specifically stated by this agreement (the "Continuation Period") at the Company's expense on behalf of the Employee and his dependents; provided, however, that (i) in no event shall the Continuation Period exceed 18 months from the Termination Date; and (ii) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company's obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee obtains any such benefits pursuant to a subsequent employer's benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverages and benefits of the combined benefit plans is no less favorable to the Employee than the coverages and benefits required to be

Continuation Benefits. “Continuation Benefits Benefits” shall be the continuation of the Benefits, as defined in Section 5.1, for the period from commencing on the Termination Date to the Expiration Date, or such other period as specifically stated by this agreement and terminating 18 months thereafter (the "“Continuation Period"”) at the Company's ’s expense on behalf of the Employee Executive and his dependents, by payment of Executive’s COBRA premiums or otherwise; provided, however, that (ia) in no event any COBRA continuation benefit shall the Continuation Period exceed 18 months from the Termination Date; expire at an earlier date as provided by COBRA and (iib) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company's ’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee Executive obtains any such benefits pursuant to a subsequent employer's ’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee Executive hereunder as long as the aggregate coverages coverage and benefits of the combined benefit plans is no less favorable to the Employee Executive than the coverages coverage and benefits required to be