Common use of Medical Insurance Continuation Clause in Contracts

Medical Insurance Continuation. Employer shall continue to provide medical insurance as in effect prior to such termination for (X) the remainder of the term of this Agreement as it may be extended from time to time in the event such termination occurs before the second anniversary of this Agreement or (Y) twelve (12) months in the event such termination occurs after the second anniversary of this Agreement, PROVIDED that Employee's right to such benefits shall cease immediately upon the commencement of employment with a new employer.

Appears in 5 contracts

Samples: Employment Agreement (Hospitality Marketing Concepts Inc), Employment Agreement (Hospitality Marketing Concepts Inc), Employment Agreement (Hospitality Marketing Concepts Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.