Continuation of Medical and Other Benefits. Throughout the Term of this Agreement from and after the Termination Date, the Company shall continue to provide Employee with (i) life insurance coverage and disability benefits as if Employee’s employment under the Agreement had not been terminated; provided that coverage (as distinct from benefits due to a disability incurred prior to the Termination Date) under the Company’s long term disability insurance will not be included as part of benefits provided after termination of employment, because the carrier limits provision of such to active employees and (ii) Travel Benefits set forth in Section 4(c), as if Employee’s employment under the Agreement had not been terminated. In lieu of subsidized COBRA, and payable whether or not Employee elects COBRA coverage, Employee will also receive continued payments of $3,000 per month through the end of the Term. If required by law or otherwise allowed by the relevant carrier, Employee will be afforded the opportunity to continue such benefits at Employee’s own cost after the benefits provided under this Section 8(c) have expired.
Continuation of Medical and Other Benefits. Throughout the Term of this Agreement from and after the date of Termination, the Company shall continue to provide Employee with (i) life insurance coverage, disability benefits and medical benefits as if Employee’s employment under the Agreement had not been terminated; provided that coverage (as distinct from benefits due to disability) under the Company’s long term disability insurance will not be included as part of benefits provided after termination of employment, because the carrier limits provision of such to employees and (ii) Travel Benefits set forth in Section 4(c), as if Employee’s employment under the Agreement had not been terminated. With respect to any medical reimbursements made to Employee under this Section, such reimbursement will be paid to Employee as soon administratively feasible following submission of such claim but shall in any event be made on or before the end of the calendar year following the calendar year in which Employee’s such claim is incurred. If required by law or otherwise allowed by the relevant carrier, Employee will be afforded the opportunity to continue such benefits at Employee’s own cost after the benefits provided under this Section 8(c) have expired.”
Continuation of Medical and Other Benefits. Throughout the Term of this Agreement from and after the Termination Date, the Company shall continue to provide Employee with (i) life insurance coverage, disability benefits and medical benefits as if Employee’s employment under the Agreement had not been terminated; provided that coverage (as distinct from benefits due to a disability incurred prior to the Termination Date) under the Company’s long term disability insurance will not be included as part of benefits provided after termination of employment, because the carrier limits provision of such to active employees and (ii) Travel Benefits set forth in Section 4(c), as if Employee’s employment under the Agreement had not been terminated; provided, however, that if providing such coverage under (i) above would otherwise potentially give rise to a discriminatory payment under Code Section 105(h), then Employee shall receive imputed income with respect to the relevant insurance coverage premiums. The Company will seek in good faith to provide such coverage under an insured plan in order to avoid imputed income to Employee if such coverage is available on commercially reasonable terms. With respect to any medical reimbursements made to Employee under this Section, such reimbursement will be paid to Employee as soon administratively feasible following submission of such claim but shall in any event be made on or before the end of the calendar year following the calendar year in which Employee’s such claim is incurred. If required by law or otherwise allowed by the relevant carrier, Employee will be afforded the opportunity to continue such benefits at Employee’s own cost after the benefits provided under this Section 8(c) have expired.
