Benefit Continuation Payment definition

Benefit Continuation Payment means the payment described in Section 2.1.2.

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Benefit Continuation Payment means the payment described in Section 2.1.2. “Board” means the Board of Directors of ALLETE.

Examples of Benefit Continuation Payment in a sentence

• Benefit Continuation Payment of benefit premiums will continue for the equivalent of the num- ber of weeks of redundancy compensation or for a minimum of three months, whichever is greater, for the following only: Life, Group, and Dental It is further understood that upon obtaining employment elsewhere, payment of benefit premiums shall immediately cease.

• Notwithstanding any other provision of this Agreement, the Company may terminate this Agreement and Executive's employment hereunder without cause by providing Executive thirty (30) days written notice, provided that in the event of such termination, Executive shall be entitled to continuation of his base salary and payment by the Company of the Benefit Continuation Payment for the remainder of the Term.