Other Benefit Continuation Sample Clauses

Other Benefit Continuation. The Corporation shall provide for the continued participation of the Executive, her spouse and their eligible dependents (as defined in the applicable plan), as the case may be, for a period equal to the greater of two years after the Date of Termination or until the third anniversary of the Change of Control Date, in the plans described in Section 4(d) on the same terms as described in Section 4(d). In lieu of continued participation in medical and life insurance programs referred to the foregoing, the Executive may elect by written notice delivered to the Corporation prior to the Date of Termination, to receive an amount equal to three (3) times the annual cost to the Corporation (based on premium rates) of providing such coverage.
AutoNDA by SimpleDocs
Other Benefit Continuation. The Corporation shall provide for the continued participation of the Execu- tive, and his spouse, as the case may be, until the Agreement Expiration Date, in the plans described in Section 4(d) on the same terms as described in Section 4(d). In lieu of continued participation in medical and life insurance programs referred to the foregoing, the Executive may elect by written notice delivered to the Corporation prior to the Date of Termination, to receive an amount equal to the annual cost to the Corporation (based on premium rates) of providing such coverage. (e)
Other Benefit Continuation. The Executive, the Executive’s spouse, and their eligible dependents will be entitled to the following payments and continuation of benefits:
Other Benefit Continuation. The Executive also shall receive the following benefits:
Other Benefit Continuation. Sanmina shall provide for the continued participation of the Executive, his spouse and their eligible dependents (as defined in the applicable plan), as the case may be, for two years following the Date of Termination, in all medical, dental, disability, group life, severance, accidental death and travel accident insurance plans and programs of Sanmina and any Affiliated Companies on the same terms as described in Section 3(f). In the event that Sanmina is unable to provide such continued coverage due to restrictions imposed by third party insurers, Sanmina shall pay to the Executive an amount equal to two (2) times the annual cost to Sanmina (based on premium rates) of such coverage for which Sanmina is unable to provide.
Other Benefit Continuation. The Corporation shall provide for the continued participation of the Executive, his spouse and their eligible dependents (as defined in the applicable plan), as the case may be, for the remainder of the Term, in all medical, dental, disability, group life, severance, accidental death and travel accident insurance plans and programs of the Corporation and any Affiliated Companies on the same terms as described in Section 3(d). In the event that the Corporation is unable to provide such continued coverage due to restrictions imposed by third party insurers, the Corporation shall pay to the Executive an amount equal to one (1) times the annual cost to the Corporation (based on premium rates) of such coverage for which the Corporation is unable to provide. In lieu of continued participation in any of the programs referred to in this Subparagraph (ii), the Executive may elect by written notice delivered to the Corporation prior to the Date of Termination, to receive an amount equal to one (1) times the annual cost to the Corporation (based on premium rates) of providing such coverage. The Executive and his spouse shall, for the remainder of their lives, be entitled to receive at the Corporation's expense, medical insurance benefits consistent with the medical insurance benefits offered by the Corporation to its similarly situated active employees.

Related to Other Benefit Continuation

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

  • Other Benefit Plans It is understood that the Employer retains any existing rights which he may have, in his exclusive discretion, to alter, amend, cancel, or terminate any existing employee benefit plan or plans or part thereof that are not provided for in this Agreement.

  • Continuation of Employee Benefits a) For an employee on lay-off the Company will provide and pay the premiums that are due in the six (6) calendar month period following the month of layoff for all the Employee Benefits as outlined in Article 24 excluding Weekly Indemnity, Sick Pay, and Long Term Disability Benefits and Accidental Death and Dismemberment.

  • Other Benefits and Perquisites The Executive shall be entitled to participate in the benefit plans provided by the Company for all employees, generally, and for the Company’s executive employees. The Company shall be entitled to change or terminate these plans in its sole discretion at any time.

  • Salary Continuation If the Executive becomes totally disabled during the term of this Agreement, his full salary shall be continued for 360 days from the date of the disabling injury or onset of the disability illness.

  • Benefits Continuation (a) For leaves taken pursuant to Clauses 26.01, 26.02, and 26.07, the Employer shall maintain coverage for medical, extended health, dental, group life and long term disability, and shall pay the Employer's share of these premiums.

  • Relation to Other Benefits Any economic or other benefit to the Grantee under this Agreement or the Plan shall not be taken into account in determining any benefits to which the Grantee may be entitled under any profit-sharing, retirement or other benefit or compensation plan maintained by the Company or any of its Subsidiaries and shall not affect the amount of any life insurance coverage available to any beneficiary under any life insurance plan covering employees of the Company or any of its Subsidiaries.

  • Continuation of Health Benefits An eligible employee who is on an approved FML Leave shall be entitled to continue participation in health plan coverage (medical, dental, and optical) as follows:

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

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