Common use of Health Care Clause in Contracts

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 months following the date of termination, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 10 contracts

Samples: Executive Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.)

AutoNDA by SimpleDocs

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 twelve (12) months following the effective date of terminationInvoluntary Termination Without Cause, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 6 contracts

Samples: Executive Severance Agreement (Designer Brands Inc.), Executive Severance Agreement (DSW Inc.), Executive Severance Agreement (DSW Inc.)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 months following the effective date of terminationInvoluntary Termination Without Cause, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 3 contracts

Samples: Executive Employment Agreement (DSW Inc.), Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 18 months following the date of termination, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 2 contracts

Samples: Employment Agreement (DSW Inc.), Employment Agreement (DSW Inc.)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 twelve (12) months following the effective date of terminationInvoluntary Termination Without Cause, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan. The Executive agrees to immediately notify the Company if the Executive becomes eligible for coverage under another benefit plan.

Appears in 2 contracts

Samples: Standard Executive Severance Agreement (Designer Brands Inc.), Standard Executive Severance Agreement (Designer Brands Inc.)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 eighteen (18) months following the effective date of terminationInvoluntary Termination Without Cause, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan. The Executive agrees to immediately notify the Company of any if the Executive becomes eligible for coverage for under another benefit plan.

Appears in 1 contract

Samples: Standard Executive Severance Agreement (Designer Brands Inc.)

AutoNDA by SimpleDocs

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 months following the date of termination, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 1 contract

Samples: Employment Agreement (Big Lots Inc)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 24 months following the date of termination, less the amount the Executive is expected to pay as a regular employee premium for such coverage. The amounts payable hereunder shall be increased to reimburse the Executive for federal, state and local income, employment and wage taxes associated with that reimbursement and, if appropriate, will be further adjusted as provided in Sections 5.07[3] and [4]. Such reimbursements will (other than those provided under Sections 5.07[3] and [4]).will cease if the Executive becomes eligible for similar coverage under another benefit plan.

Appears in 1 contract

Samples: Employment Agreement (Big Lots Inc)

Health Care. The Company will reimburse the Executive for the cost of maintaining continuing health coverage under COBRA for a period of no more than 12 twelve (12) months following the effective date of terminationInvoluntary Termination Without Cause, less the amount the Executive is expected to pay as a regular employee premium for such coverage. Such reimbursements will cease if the Executive becomes eligible for similar coverage under another benefit plan. The Executive agrees to immediately notify the Company of any if the Executive becomes eligible for coverage for under another benefit plan.

Appears in 1 contract

Samples: Standard Executive Severance Agreement (Designer Brands Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!