Applicable Continuation Period definition
Examples of Applicable Continuation Period in a sentence
During the Employment Term and during the Applicable Continuation Period, the Employee will not directly or indirectly induce or attempt to induce any employee of any of the Companies to leave the employ of the Company or such subsidiary or affiliate, or in any way interfere with the relationship between any of the Companies and any employee thereof.
During the Employment Term and during the Applicable Continuation Period, the Employee, without the prior written consent of the Company, will not directly or indirectly induce or attempt to induce any employee of any of the Companies to leave the employ of the Company or such subsidiary or affiliate, or in any way interfere with the relationship between any of the Companies and any employee thereof.
In the event that a qualified beneficiary becomes disabled under Title II or XVI of the Social Security Act within sixty (60) days after a qualifying event, then the Applicable Continuation Period is twenty-nine (29) months, provided that the fund office is notified of the social security determination before the close of the initial eighteen (18) month period of COBRA coverage.
Where a participant’s eligibility for benefits would have terminated as the result of a reduction of hours, the Applicable Continuation Period is thirty-six (36) months from the date coverage would have otherwise terminated.
If, however, your continued participation in any such insurance coverage after the Termination Date is not possible under the terms governing such coverage, the Company may satisfy its obligation to provide such coverage by providing to you during the Applicable Continuation Period alternative coverage, comparable to the coverage then available to Company employees generally, on the terms set forth in the preceding sentence.
The "Applicable Continuation Period" means 12 months after the Termination Date if you are entitled to severance pay under Section 4(c), and means 24 months after the Termination Date if you are entitled to severance pay under Section 4(d).
As used in this Section 5(c), the "Applicable Continuation Period" shall mean the Section 5(a) Continuation Period if Executive is entitled to the benefits of Section 5(a) or the Section 5(b) Continuation Period if Executive is entitled to the benefits of Section 5(b).