Common use of Medical Payments Clause in Contracts

Medical Payments. The Company shall make a cash payment each month during the two-year period commencing after the Executive’s Termination Date, equal to the full monthly premium for the health benefits described in Section 4.3.2(iv) above minus the active employee cost of such coverage, such full monthly premium to be grossed-up for any applicable income taxes;

Appears in 4 contracts

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

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Medical Payments. The the Company shall make a cash payment each month during the two-year thirty (30) month period commencing after the Executive’s Termination Date, equal to the full monthly premium for the medical and health benefits described in Section 4.3.2(iv4.3.2(v) above minus the active employee cost of such coverage, such full monthly premium amount to be grossed-up for any applicable income taxes;

Appears in 4 contracts

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

Medical Payments. The Company shall make a cash payment each month during the twofive-year period commencing after the Executive’s Termination Date, equal to the full monthly premium for the health benefits described in Section 4.3.2(iv4.3.2(ii) above minus the active employee cost of such coverage, such full monthly premium to be grossed-up for any applicable income taxes;

Appears in 2 contracts

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

Medical Payments. The the Company shall make a cash payment each month during the twothirty-year six (36) month period commencing after the Executive’s Termination Date, equal to the full monthly premium for the medical and health benefits described in Section 4.3.2(iv4.3.2(v) above minus the active employee cost of such coverage, such full monthly premium amount to be grossed-up for any applicable income taxes;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler Ag)

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Medical Payments. The the Company shall make a cash payment each month during the twothirty-year month period commencing after the Executive’s Termination Date, equal to the full monthly premium for the medical and health benefits described in Section 4.3.2(iv4.3.2(ii) above minus the active employee cost of such coverage, such full monthly premium amount to be grossed-up for any applicable income taxes;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

Medical Payments. The Company the Employer shall make a cash payment each month during the twofive-year period commencing after the Executive’s Termination Date, equal to the full monthly premium for the medical and health benefits described in Section 4.3.2(iv4.3.2(v) above minus the active employee cost of such coverage, such full monthly premium amount to be grossed-up for any applicable income taxes;

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

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