Common use of Medical Coverage Clause in Contracts

Medical Coverage. For two (2) years after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he otherwise is or becomes eligible therefor, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive health or welfare benefits under another employer provided plan, the health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second anniversary of the Termination Date and to have retired on such second anniversary;

Appears in 4 contracts

Samples: Employment Agreement (Foster Wheeler Ag), Employment Agreement (Foster Wheeler Ag), Employment Agreement (Foster Wheeler Ag)

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Medical Coverage. For two for thirty (230) years months after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate medical or health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the medical or health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he the Executive otherwise is or becomes eligible therefortherefore, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any medical and health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive medical or other health or welfare benefits under another employer provided plan, the medical and other health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second thirty (30) month anniversary of the Termination Date and to have retired on such second thirty (30) month anniversary;

Appears in 2 contracts

Samples: Employment Agreement (Foster Wheeler Ag), Employment Agreement (Foster Wheeler Ag)

Medical Coverage. For two for thirty (230) years months after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate medical or health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the medical or health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he the Executive otherwise is or becomes eligible therefor, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any medical and health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive medical or other health or welfare benefits under another employer provided plan, the medical and other health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second thirty (30) month anniversary of the Termination Date and to have retired on such second thirty (30) month anniversary;

Appears in 2 contracts

Samples: Employment Agreement (Amec Foster Wheeler PLC), Employment Agreement (Foster Wheeler Ag)

Medical Coverage. For two (2) five years after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he otherwise is or becomes eligible therefor, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive health or welfare benefits under another employer provided plan, the health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second fifth anniversary of the Termination Date and to have retired on such second fifth anniversary;

Appears in 2 contracts

Samples: Employment Agreement (Foster Wheeler LTD), Employment Agreement (Foster Wheeler LTD)

Medical Coverage. For two for thirty (230) years months after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate medical or health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the medical or health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he she otherwise is or becomes eligible therefor, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any medical and health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive medical or other health or welfare benefits under another employer provided plan, the medical and other health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second fifth anniversary of the Termination Date and to have retired on such second fifth anniversary;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

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Medical Coverage. For two (2) for five years after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate medical or health or welfare plan, program, practice or policy, the Company Employer shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the medical or health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he otherwise is or becomes eligible therefor, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company Employer and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any medical and health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive medical or other health or welfare benefits under another employer provided plan, the medical and other health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second fifth anniversary of the Termination Date and to have retired on such second fifth anniversary;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

Medical Coverage. For two for thirty-six (236) years months after the Executive’s Termination Date, or such longer period as may be provided by the terms of the appropriate medical or health or welfare plan, program, practice or policy, the Company shall continue benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them in accordance with the medical or health or welfare plans, programs, practices and policies if the Executive’s employment had not been terminated or, if more favorable to the Executive, and to the extent he the Executive otherwise is or becomes eligible therefortherefore, as in effect generally at any time thereafter with respect to other similarly situated peer executives of the Company and the Affiliated Companies and their families; provided, however, that the Executive remits monthly premiums for the full cost of any medical and health benefits; and provided further that if the Executive becomes reemployed with another employer and is eligible to receive medical or other health or welfare benefits under another employer provided plan, the medical and other health and welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the second thirty-six (36) month anniversary of the Termination Date and to have retired on such second thirty-six (36) month anniversary;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler Ag)

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