COC Period definition
Examples of COC Period in a sentence
Notwithstanding the delivery of any such cancellation notice, however, this Agreement shall continue in effect until the end of the COC Period, if the COC shall have occurred during the term of this Agreement or within six months following the termination date stated in the cancellation notice.
Notwithstanding any vesting schedule provisions contained in Equity Agreements that Executive may hold, any unvested equity that would vest pursuant to these awards on or after the Change in Control event effective date and would otherwise forfeit on termination of employment, shall vest in full as of employment termination date, if such termination occurs during the COC Period.
The prior approval of the Employer shall be obtained to such nomination of a trade or proprietary name.
Continue to provide, subject to the Executive’s valid election to continue healthcare coverage under COBRA, the Executive and the Executive’s eligible dependents with payment of premiums for any COBRA benefits during the period commencing on the date of termination and ending on the six (6)-month anniversary of the date of termination (if such termination of employment occurs within the COC Period, the nine (9)-month anniversary of the date of termination).
Continue to provide, subject to the Executive’s valid election to continue healthcare coverage under COBRA, the Executive and the Executive’s eligible dependents with payment of premiums for any COBRA benefits during the period commencing on the date of termination and ending on the nine (9)-month anniversary of the date of termination (if such termination of employment occurs within the COC Period, the twelve (12)- month anniversary of the date of termination).
If during the Post COC Period the Executive’s employment is terminated by reason of the Executive’s death or Total Disability (defined below), this Agreement shall terminate automatically without further obligation on the part of the Company to the Executive or his legal representatives under this Agreement, other than the Company’s obligation to pay the Executive the Accrued Obligations (which shall be paid to the Executive’s estate or beneficiary, as applicable in the case of the Executive’s death).
Any unvested equity that would vest pursuant to any Equity Agreements that the Employee holds on or after the Change in Control event effective date and would have to otherwise forfeit on termination of employment, shall vest in full as of employment termination date, if such termination occurs during the COC Period.
In the event of termination of the Executive’s employment during the Post COC Period, all compensation and benefits set forth in this Agreement shall terminate, except as specifically provided in this Section 4.