Section 105(h). Notwithstanding any provision of this Agreement to the contrary, to the extent necessary to satisfy Section 105(h) of the Code, the Company will be permitted to alter the manner in which medical benefits are provided to Employee following termination of Employee’s employment, provided that the after-tax cost to Employee of such benefits shall not be greater than the cost applicable to similarly situated executives of the Company who have not terminated employment.
Appears in 20 contracts
Sources: Employment Agreement (QXO, Inc.), Employment Agreement (QXO, Inc.), Employment Agreement (XPO Logistics, Inc.)
Section 105(h). Notwithstanding any provision of this Agreement to the contrary, to the extent necessary to satisfy Section 105(h) of the Code, the Company will be permitted to alter the manner in which medical benefits are provided to Employee you following termination of Employee’s your employment, provided that the after-tax cost to Employee you of such benefits shall not be greater than the cost applicable to similarly situated executives of the Company who have not terminated employment.
Appears in 1 contract