The Extension of Medical Benefits Sample Clauses

The Extension of Medical Benefits. Until the earlier to occur of (A) the expiration of twelve (12) months after the Date of Termination, (B) the date the Executive first becomes eligible to receive health benefits under another employer-provided plan after the Date of Termination, or (C) the death of the Executive, the Company shall, via proper COBRA election by the Executive, continue medical and dental benefits to the Executive (and, if applicable, to the spouse and dependents of the Executive who received such benefits under the Executive’s coverage immediately prior to the Date of Termination) equal to those that were in effect for the Executive as of the Date of Termination (and to any such dependent) in accordance with the plans, programs, practices and policies of the Company had the Executive remained actively employed, provided that the Executive makes all required COBRA payments to the Company, and the Company shall immediately reimburse the Executive for each such COBRA payment (collectively, the “Continuation of Benefits”). Executive shall remain liable for any portion of such premiums for which he was liable as of the Date of Termination.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
The Extension of Medical Benefits. Until the earlier to occur of (A) the expiration of eighteen (18) months after the Date of Termination, (B) the date Xx. Xxxxxx first becomes eligible to receive health benefits under another employer-provided plan after the Date of Termination, or (C) the death of Xx. Xxxxxx, the Company shall, via proper COBRA election by Xx. Xxxxxx, continue medical and dental benefits (and, if applicable, to the spouse and dependents of Xx. Xxxxxx who received such benefits under his coverage immediately prior to the Date of Termination) equal to those that were in effect for Xx. Xxxxxx as of the Date of Termination (and to any such dependent) in accordance with the plans, programs, practices and policies of the Company had Xx. Xxxxxx remained actively employed, provided that Xx. Xxxxxx makes all required COBRA payments to the Company, and the Company shall immediately reimburse Xx. Xxxxxx for each such COBRA payment (collectively, the “Continuation of Benefits”). Xx. Xxxxxx shall remain liable for any portion of such premiums for which he was liable as of the Date of Termination.
Sample 1
The Extension of Medical Benefits. Until the earlier to occur of (A) the expiration of eighteen (18) months after the Date of Termination, (B) the date Xx. Xxxxxx, Jr. first becomes eligible to receive health benefits under another employer-provided plan after the Date of Termination, or (C) the death of Xx. Xxxxxx, Jr., the Company shall, via proper COBRA election by Xx. Xxxxxx, Jr., continue medical and dental benefits (and, if applicable, to the spouse and dependents of Xx. Xxxxxx, Jr. who received such benefits under his coverage immediately prior to the Date of Termination) equal to those that were in effect for Xx. Xxxxxx, Jr. as of the Date of Termination (and to any such dependent) in accordance with the plans, programs, practices and policies of the Company had Xx. Xxxxxx, Jr. remained actively employed, provided that Xx. Xxxxxx, Jr. makes all required COBRA payments to the Company, and the Company shall immediately reimburse Xx. Xxxxxx, Jr. for each such COBRA payment (collectively, the “Continuation of Benefits”). Xx. Xxxxxx, Jr. shall remain liable for any portion of such premiums for which he was liable as of the Date of Termination.
Sample 1

Related to The Extension of Medical Benefits

  • 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.

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • 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.

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • Exclusive Benefits Except as expressly provided in this Section 4 and subject to Section 5 hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Continuation of Welfare Benefits For the twenty-four (24) month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents life, disability, accident and health insurance benefits and other benefits and perquisites (including employee stay rates) substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason, at no greater cost to the Executive than the cost to the Executive immediately prior to such date or occurrence. Benefits otherwise receivable by the Executive pursuant to this Section 6(a)(2) shall be reduced to the extent benefits of the same type are received by the Executive from another employer during the twenty-four (24) month period following the Executive's termination of employment; provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an event or circumstance constituting Good Reason.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which Company or an affiliate of Company may from time to time make available to Employee, Employee shall be entitled to the following during the Employment Term:

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Termination Generally If the Executive’s employment with the Company is terminated for any reason, the Company shall pay or provide to the Executive (or to his authorized representative or estate) (i) any Base Salary earned through the Date of Termination, unpaid expense reimbursements (subject to, and in accordance with, Section 2(c) of this Agreement) and unused vacation that accrued through the Date of Termination on or before the time required by law but in no event more than 30 days after the Executive’s Date of Termination; and (ii) any vested benefits the Executive may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Accrued Benefit”).

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