WELFARE PLAN BENEFITS. While employed by the Company or any Subsidiary, the Company shall at the Company’s expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of the Change in Control) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with insurance coverage no less favorable than, the Company’s life, disability, health, dental and any other employee welfare benefit plans or programs, as in effect on the date of the Change in Control (such benefits, the “Welfare Benefits”).
WELFARE PLAN BENEFITS. For a period of one year following the date of Termination, the Company shall pay a portion of the applicable COBRA premiums, if any, for Executive and Executive’s dependents equal to the Company-paid portion of comparable active employee coverage as in effect on the date of Termination, provided the Company receives adequate substantiation of such COBRA coverage. Notwithstanding the foregoing, if Executive is provided by another employer during such one-year period with health benefits that are substantially comparable to the active employee coverage as in effect on the date of Termination (including with respect to the amount of employer premium subsidy), the Company’s obligation under this paragraph shall cease.
WELFARE PLAN BENEFITS. The Employee shall be entitled to continuation of medical insurance coverage under the Company's Continuation of Benefits Program for Former Senior Executives (originally implemented by the Company on January 1, 1993). The Company shall pay the cost of medical insurance coverage for a period equal to the lesser of (i) twenty-four months following the date of Termination or (ii) until the Employee is provided by another employer with medical insurance benefits. The Employee shall notify the Company within ten (10) days of any employment by the Employee during the period the Company is paying for medical insurance coverage pursuant to this paragraph 3(b).
WELFARE PLAN BENEFITS. The Company shall at the Company's expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of Termination) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with Welfare Benefits (as in effect on the date of the Change in Control or, at the option of Executive, on the date of Termination) for a period of one year following the date of Termination (or, at the Company's option, in lieu of providing such Welfare Benefits, a lump sum cash payment may be made which will equal the then-present value of the cost of the Company of such Welfare Benefits); provided, however, that if Executive is provided by -------- ------- another employer during such one-year period with benefits substantially comparable to the benefits provided by one or more of such plans or programs, the benefits provided by the Company shall, unless a lump sum payment has been made by the Company, be reduced by the benefits provided by such other employer, but only to the extent of, and with respect to, the benefits otherwise payable under the corresponding Company employee welfare benefit plan or program.
WELFARE PLAN BENEFITS. The Company shall at the Company's expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of the Change in Control) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with insurance coverage no less favorable than, the Company's life, disability, medical, dental and vision welfare benefit plans or programs, in effect on the date of the Change of Control (such benefits referred to herein as the "Welfare Benefits").Welfare Benefits consisting of life and/or disability insurance benefits are referred to herein as "Death/Disability Benefits" and Welfare Benefits consisting of medical, dental and vision insurance benefits are referred to as "Medical Benefits."
WELFARE PLAN BENEFITS. (a) Seller shall be responsible for any liability arising from or in connection with its welfare plan benefit programs covering the Transferred Employees relating to periods prior to the Closing Date (including liability for all claims, expenses and treatments, including administrative expenses related thereto, which are in fact covered and payable under the terms of its welfare plan benefit programs and incurred prior to the Closing Date) irrespective of whether any claim relating to such liability is filed or submitted after the Closing Date.
WELFARE PLAN BENEFITS. The Company shall, at the Company's expense (except for the amount, if any, of any required employee contribution that Executive would have had to contribute as an active employee under the plan or program in effect on the date of Termination) continue to cover Executive (and his dependents) with Welfare Benefits (as in effect on the date of the Change in Control or, at the option of Executive, on the date of Termination) for a period of one year following the date of Termination. At the Company's option, in lieu of providing such Welfare Benefits, the Company may make a lump sum cash payment equal to the then-present value of the cost to the Company of the Welfare Benefits. If during this one-year period, however, another employer provides Executive with benefits substantially comparable to the benefits provided by one or more of the Company's plans or programs, the Company shall reduce the benefits it provides by the benefits provided by the other employer (unless a lump sum payment has been made by the Company), but only to the extent of the benefits otherwise payable under the corresponding Company employee welfare benefit plan or program.
WELFARE PLAN BENEFITS. Notwithstanding any other provision of this Agreement to the contrary, Selling Stockholders shall reimburse ExRes or any Significant Subsidiary, on a monthly basis, for all Damages incurred on or after the Closing Date for Self-Funded Welfare Plan Reimbursements for (A) benefits provided in accordance with COBRA, to the extent not reimbursed by an Allegheny Company or an MRA Company, as applicable, to MRA Employees, Allegheny Employees, and individuals who terminated employment with ExRes or one of its Subsidiaries on or prior to the Closing Date (“Former Employees”) and (B) benefits provided in accordance with the Sithe Energies, Inc. Severance Benefit Plan for Designated Employees (“Severance Plan”) to Sithe Employees and Former Employees. In addition, the Selling Stockholders shall reimburse ExRes or any Significant Subsidiary, on a monthly basis, for any other Damages incurred that are related or attributable to the provision of health care benefits under the Severance Plan. For purposes of this Section 5.11(h), “Self-Funded Welfare Plan Reimbursement” shall mean the dollar amount of benefits, including medical, dental and vision care benefits, paid by a Self-Funded Welfare Plan with respect to a participant less the dollar amount of any contributions made by such participant during the particular measuring period being used for reimbursement purposes. For purposes of this Section 5.11(h), “Self-Funded Welfare Plan” shall mean an employee welfare benefit plan, as defined in Section 3(1) of ERISA, of ExRes or one of its ERISA Affiliates, the benefits of which are not provided through insurance contracts or policies issued by an insurance company, other than stop loss policies.
WELFARE PLAN BENEFITS. COLLECTIVE AGREEMENT THIS AGREEMENT MADE THIS DAY OF BETWEEN: CANADIAN UNION OF BREWERY AND GENERAL WORKERS COMPONENT XX Xxxxxxx, Xxxxxxx, (hereinafter called the “Union”) OF THE FIRST PART a n d BREWERIES, Toronto, Ontario (hereinafter called the “Company”) OF THE SECOND PART In consideration of the mutual terms and hereinafter contained, it is hereby agreed by and between the parties hereto as follows: The Union shall be the exclusive collective bargaining representative of all employees of the bargaining unit which consists of all employees of the Company except
WELFARE PLAN BENEFITS. The Company shall at the Company's expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of Termination) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with Welfare Benefits (as in effect on the date of the Change in Control or, at the option of Executive, on the date of Termination) for a period of one year following the date of Termination (or, at the Company's option, in lieu of providing such Welfare Benefits, a
