Post-Termination Medical Benefits Sample Clauses

Post-Termination Medical Benefits. Notwithstanding any provision of this Agreement to the contrary, in the event that the Company determines that the provision of post-termination medical benefits to Executive pursuant to Article V(B) or V(C)(4) above would, at any time such benefits are to be provided to Executive, subject the Company to adverse tax consequences under applicable Federal or state law, the Company in its sole discretion will instead reimburse Executive each month for either: (1) the amount necessary to enable Executive to pay the COBRA premium applicable to the coverage maintained by Executive for the month; or, (2) the amount necessary to enable Executive to pay the premium Executive would be required to pay to obtain coverage comparable to the coverage then maintained by Executive under a policy of insurance selected by Company if Executive (and, if applicable any qualified beneficiary related to Executive) waives the right to COBRA continuation coverage. The payment to be made pursuant to the preceding sentence shall continue through, but only through, the period during which Company would otherwise be required to provide post-termination medical coverage pursuant to Article V(B) or V(C)(4) above.
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Post-Termination Medical Benefits. During the 12-month period following the date of the Executive’s Termination of Employment, the Corporation will provide the Executive with continued coverage (100% paid by the Corporation) pursuant to COBRA under the Corporation’s group health and dental plans at the level of benefits (whether single or family coverage) previously elected by Executive immediately before the Executive’s Termination of Employment and to the extent that the Executive elects to continue coverage during such 12-month period. The Executive acknowledges that payment of the COBRA premiums by the Corporation will constitute taxable income to the Executive. Each month for which the Corporation pays COBRA premiums directly reduces the total number of months of the Executive’s COBRA continuation entitlement. The Corporation shall cease to have any obligation to pay for such benefits after the calendar month in which the Executive becomes employed or provides his services for compensation.
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Post-Termination Medical Benefits. During the 12-month period following the date of the Executive’s Termination of Employment, the Executive shall continue to receive medical and dental benefits pursuant to such plans as are in effect on the date of Termination of Employment provided, however, that in the event that the Executive is a Specified Employee, the Executive shall pay for any such benefits received during the first six months following termination of employment to the extent, if any, that such benefits are not allowable as a deduction under Code Section 213 (disregarding the requirement of section 213(a) that the deduction is available only to the extent that such expenses exceed 7.5 percent of adjusted gross income).
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Post-Termination Medical Benefits. In the event Executive’s employment with the Company terminates for any reason, the Company will, until Executive attains age 75, provide a retirement medical benefit that provides insured health and medical benefits for him and his spouse which are substantially equivalent to those provided immediately prior to Executive’s termination of employment.
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Post-Termination Medical Benefits. Until September 1, 2024, the Company will provide a retirement medical benefit that provides medical benefits for him and his spouse which are substantially equivalent to those provided under the Company’s group health plan immediately prior to Executive’s termination of employment. Such benefits may take the form, at the Company’s discretion, of the Company’s payment of COBRA premiums for Executive’s and his spouse’s continued coverage under the Company’s group health plan (if Executive and his spouse are eligible for COBRA continuation coverage under the Company’s group health plan), payment of the premium for individual medical insurance policies selected by Executive for himself and his spouse, or a combination of the foregoing.
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Post-Termination Medical Benefits. Following the expiration of the Term, ADC will provide Cadogan, at no cost to him, with continuing coverage of medical benefits. Cadogan shall initially receive such coverage through COBRA continuation coverage. After COBRA coverage is exhausted, additional medical coverage ("Extended Coverage") shall be provided to Cadogan and Cadogan’s eligible dependents. For purposes of this Agreement, Extended Coverage shall be comprised of medical coverage for Cadogan and Cadogan’s eligible dependents until the earliest of: (a) Cadogan’s Medicare eligibility; (b) Cadogan’s eligibility for coverage under another employer’s group health plan; or (c) the fifth (5th) year anniversary of the commencement date of coverage, according to the terms of the applicable benefit plans providing that coverage. Cadogan’s eligible dependents shall also have Extended Coverage while Cadogan is covered for so long as they meet the dependency eligibility requirements of the applicable benefit plan. During the period of Extended Coverage, ADC in its sole discretion may amend, modify or terminate any benefit plans providing the Extended Coverage described here; provided, however, that the level and extent of coverage will remain substantially similar to the coverage provided to U.S.-based ADC active employees.
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Post-Termination Medical Benefits. During the 12-month period following the date of the Executive’s Termination of Computer Task Group, Incorporated Restated Employment Agreement with Xxxxx X. Xxxxx Employment, the Executive shall continue to receive medical and dental benefits pursuant to such plans as are in effect on the date of termination of employment provided, however, that in the event that the Executive is a Specified Employee, the Executive shall pay for any such benefits received during the first six months following termination of employment to the extent, if any, that such benefits are not allowable as a deduction under Code Section 213 (disregarding the requirement of section 213(a) that the deduction is available only to the extent that such expenses exceed 7.5 percent of adjusted gross income).
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Post-Termination Medical Benefits 
Sample 1

Related to Post-Termination Medical Benefits

  • Post-Termination Benefits If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Post Termination For a period ending on the second anniversary of the Termination Date, Lessee shall effect and maintain for the benefit of the Indemnitees ongoing third party legal liability insurance in respect of the risks and liabilities covered by the insurance required by Clause 14.4.

  • Post-Termination Cooperation Executive agrees that during and after employment with the Company and without additional compensation (other than reimbursement for reasonable associated expenses) to cooperate with the Company in the following areas:

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Termination of Employment with Severance Benefits (a) The Executive shall be entitled to the severance benefits described in section 9(b) in the event that:

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