Common use of Welfare Benefit Clause in Contracts

Welfare Benefit. (i) Except as provided in Section 2.3 hereof, Executive shall be eligible to participate in the Company's Group Health Plan for a period of six (6) months for each of Executive's Years of Service, not to exceed a period of five (5) years, beginning on the first day of the first month following Executive's Separation Date unless otherwise specifically provided under such plan, upon Executive's payment of both the Company's and Executive's premium under such plan. Executive shall also be entitled to elect coverage under the Group Health Plan for his dependents who are participating in the Group Health Plan on Executive's Separation Date (and for such other dependents as may be entitled to coverage under the provisions of the Health Insurance Portability and Accountability Act of 1996) for the duration of Executive's extended medical coverage under this Section 2.2(c) to the extent such dependents remain eligible for dependent coverage under the terms of the Group Health Agreement.

Appears in 5 contracts

Samples: Severance Agreement (Southern Co), Change in Control Agreement (Southern Co), Severance Agreement (Southern Co)

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