Common use of Health Benefit Coverage Clause in Contracts

Health Benefit Coverage. The Executive shall be entitled to participate in the Company’s health care benefit plan at the Company’s expense for an eighteen (18)-month period after the Termination Date or, in the event such participation is not permitted, a cash payment equal to the value of the benefit excluded payable in monthly installments over such eighteen (18)-month period; provided, however, that in the event the Executive obtains other employment and is eligible to participate in the health plan of the Executive’s new employer, any benefits provided under the Company’s health benefit plan shall be secondary to the benefits provided under the health benefit plan of the Executive’s new employer.