Termination of Employment Benefits. Eligibility for hospitalization-medical insurance coverage or prescription drug coverage shall end on the date of resignation, retirement or other termination of employment. Continuation coverage under COBRA will still be permitted.
Termination of Employment Benefits. This Agreement confirms that your employment with the Company has been terminated without cause effective as of March 31, 2006 (the “Termination Date”). Your employer-sponsored health insurance coverage, disability and life insurance were terminated as of the Termination Date.
Termination of Employment Benefits. (a) You agree and acknowledge that your participation in Boston Scientific's 401(k) Plan, Stock Option Plan(s), and Global Employee Stock Ownership Plan, if any, Accidental Death and Dismemberment (AD&D), Business Travel Accident, Life Insurance, Short-Term and Long-Term Disability Plans will terminate as of your Retirement Date, as will your accrual of vacation time. You further agree and acknowledge that You will participate through the Retirement Date in all other benefits and benefit plans in which You are currently enrolled to the same extent as do other active employees and that your participation in and entitlement to any and all other benefits and benefits plans in which You are currently enrolled, but which are not otherwise specifically addressed in this Agreement, terminate on the Retirement Date.
Termination of Employment Benefits. (a) You agree and acknowledge that your participation and eligibility for future participation in BSC’s 401(k) Plan, Stock Plan(s), and Global Employee Stock Ownership Plan, if any, Accidental Death and Dismemberment (AD&D), Business Travel Accident, and Short-Term and Long-Term Disability Plans will terminate as of your Retirement Date, as will your accrual of vacation time. You further agree and acknowledge that You will participate through the Retirement Date in all other benefits and benefit plans in which You are currently enrolled to the same extent as do active employees and that your participation in and entitlement to any and all other benefits and benefits plans in which You are currently enrolled, but which are not otherwise specifically addressed in this Agreement, terminate on the Retirement Date.
Termination of Employment Benefits. Executive represents, understands and agrees that Executive’s active employment with Xxxxxxx Xxxxxxx will end on the Retirement Date and that Executive will not otherwise demand further employment with Xxxxxxx Xxxxxxx. Executive understands and agrees that from and after the Retirement Date, Executive shall not be entitled to any of the rights and privileges established for Xxxxxxx Coulter’s employees, except as otherwise provided in this Agreement.
Termination of Employment Benefits. (a) Your participation in BSC’s Medical/Dental/Vision Plans and Healthcare Flexible Spending Account (as well as the participation of any of your dependents who were covered by such Plans or Account just prior to the Separation Date) shall continue through the Separation Date, on the same terms and conditions as such coverage and/or participation is made available from time to time to active BSC employees generally. You may continue your participation in BSC’s Medical/Dental/Vision Plans and Healthcare Flexible Spending Account for eighteen (18) (or possibly more) months as provided under the Consolidated Omnibus Budget and Reconciliation Act of 1986 (“COBRA”), should you be eligible for and elect it. During the time of such participation, you will be responsible for making timely payments for the then applicable costs and fees. BSC shall directly pay, or reimburse you, for that portion of the premium for you and your covered dependents for an amount equal to the employer costs of COBRA from the Separation Date through December 31, 2014 (i.e., such monthly installments shall be at the same level at which BSC makes contributions for such coverage on behalf of similarly situated, active employees). To enable BSC to comply with its obligation to provide notification of your rights to continue Medical/Dental/Vision Plan and/or Healthcare Flexible Spending Account participation, you agree to inform BSC of any change in address, dependent or marital status. You also acknowledge that you understand that the terms of BSC’s Medical/Dental/Vision Plans and Healthcare Flexible Spending Account offered to BSC employees generally may change from time to time, and that your coverage and/or participation and associated costs will be subject to any such change.
Termination of Employment Benefits. Employee represents, understands and agrees that Employee’s active employment with Xxxxx & Xxxxx ended on the Termination Date as specified above, that Employee will not otherwise demand further employment with Xxxxx & Xxxxx, and that Employee will no longer be covered by or eligible for any benefits under any Xxxxx & Xxxxx employee benefit plan in which employee currently participates, except as otherwise noted herein. Employee’s health benefits coverage will continue through the month of October 31, 2010 and will terminate as of November 1, 2010. Employee will receive by separate cover information regarding Employee’s rights to health insurance continuation under COBRA and any Xxxxx & Xxxxx 401(k) Plan benefits. As of the Termination Date, Employee shall not be entitled to any of the rights and privileges established for Xxxxx & Xxxxx’x employees except as otherwise provided in this Agreement.
Termination of Employment Benefits. Employee represents, understands and agrees that Employee’s active employment with Xxxxx & Xxxxx ended on the Termination Date as specified above, that Employee will not otherwise demand further employment with Xxxxx & Xxxxx, and that Employee will no longer be covered by or eligible for any benefits under any Xxxxx & Xxxxx employee benefit plan in which employee currently participates, except as otherwise noted herein. Employee’s health benefits coverage will continue through the December 31, 2010 and will terminate January 1, 2011. If Employee terminates prior to December 31, 2010, Employee benefits will terminate at the end of the month in which termination occurs. Employee will receive by separate cover information regarding Employee’s rights to health insurance continuation under COBRA and any Xxxxx & Xxxxx 401(k) Plan benefits. As of the Termination Date, Employee shall not be entitled to any of the rights and privileges established for Xxxxx & Xxxxx’x employees except as otherwise provided in this Agreement.
Termination of Employment Benefits. The Executive Officer shall be entitled to the percentage specified below of the benefit specified in (h) of this Agreement, upon termination of employment at the ages specified below, payable at his Normal Retirement Date: Age Vested Interest --- --------------- 58 50% 59 60% 60 70% 61 80% 62 90% 63 100%
Termination of Employment Benefits. Employee represents, understands and agrees that Employee’s active employment with Xxxxx & Xxxxx ended on the Termination Date as specified above, that Employee will not otherwise demand further employment with Xxxxx & Xxxxx, and that Employee will no longer be covered by or eligible for any benefits under any Xxxxx & Xxxxx employee benefit plan in which employee currently participates, except as otherwise noted herein. Employee’s health benefits coverage will continue through June 30, 2011 at which time Employee will be eligible for continued coverage through the election of COBRA. Employee will receive by separate cover information regarding Employee’s rights to health insurance continuation under COBRA and any Xxxxx & Xxxxx 401(k) Plan benefits. As of the Termination Date, Employee shall not be entitled to any of the rights and privileges established for Xxxxx & Xxxxx’x employees except as otherwise provided in this Agreement.
