Common use of Continuation of Benefit Plans Clause in Contracts

Continuation of Benefit Plans. Employee shall be entitled to continuation of health, medical, hospitalization and other similar health insurance programs as if Employee were still an employee of Employer during any Severance Period and, in all cases, as provided by any applicable law. In addition, if (i) Employee has been an employee of Employer for at least five (5) years, (ii) this Agreement is terminated (a) by Employer pursuant to Section 4.2 or 4.4, (b) pursuant to Section 4.3, or (c) by Employee pursuant to Sections 4.5, 4.6 (provided that such termination is after December 31, 2005), or 4.7, and (iii) Employee does not breach Section 5.11 of this Agreement, then Employee and Employee's dependents will be entitled to continue to participate in Employer's group health and welfare benefit plans (as such plans are in effect at such time) for a period of five (5) years following the termination date (or the last day of the Transition Period if Employee's employment is continued pursuant to Section 5.11 of this Agreement) at the same cost to Employee (or Employee's family in the case of Employee's death) as such benefits are provided to other similarly situated active employees of Employer.