Benefits Extension definition

Benefits Extension has the meaning ascribed to it in section "3.2" hereinbelow;
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Examples of Benefits Extension in a sentence

  • Company shall pay the Executive’s estate the following Additional Benefits: Extension of Exercise Rights, Long Term Employee Exercise Rights, and Restricted Stock Benefit.

  • Company shall pay the Executive’s estate the following Additional Benefits: Extension of Exercise Rights.

  • Employee also understands that during the Benefits Extension Period, stock options from previous grants will continue to vest.

  • The last date on which the Transferred ▇▇▇▇ Canada Employees and their eligible dependants shall participate in the ▇▇▇▇ Canada Group Benefit Plans pursuant to this Section 7(1) shall be referred to herein as the “▇▇▇▇ Canada Benefits Extension Date”.

  • At the conclusion of the Benefits Extension Period, should Employee wish to continue Employee's health benefits coverage through Company's group insurance plans beyond Employee's separation, Employee will be responsible for paying the premium in full each month.

  • The ▇▇▇▇ Canada Benefits Extension Date shall be the earlier of one year after the date on which the Wireline Asset Transfer Time occurs and the date Wireline LP, in its sole discretion, determines, in which case Wireline LP shall give ▇▇▇▇ Canada at least thirty (30) days prior notice thereof.

  • If Employee or Employee's dependents become eligible to receive health care coverage under another employer's health benefit plans during the applicable Benefits Extension Period, Employee will report such eligibility to Company and the Company's obligations under this section shall cease.

  • Immediately following the ▇▇▇▇ Canada Benefits Extension Date, and subject to satisfactory resolution of any issue which arises under the collective agreements binding on ▇▇▇▇ Canada at the time of transfer and assumed by Wireline LP, Transferred ▇▇▇▇ Canada Employees and their eligible dependants shall commence participation under the New Wireline LP Group Benefit Plans, subject to and in accordance with their terms.

  • Wireline LP shall be responsible under the New Wireline LP Group Benefit Plans, subject to and in accordance with their terms, in respect of the Transferred ▇▇▇▇ Canada Employees and their eligible beneficiaries for and shall pay or cause to be paid all claims incurred by the Transferred ▇▇▇▇ Canada Employees and their eligible beneficiaries on and after the ▇▇▇▇ Canada Benefits Extension Date.