Continued Benefits definition

Continued Benefits as defined in Section 4.3(g) hereof.

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Continued Benefits has the meaning assigned thereto in Section 5(c) hereof.

Continued Benefits means continued coverage for Employee (and Employee’s qualified beneficiaries’), at no cost to Employee, under any medical plan or policy in which Employee was participating as of the time of Employee’s termination of employment (as may be amended by Employer from time to time in the ordinary course), to the extent that Employee timely elects such continued coverage, until the earlier of: (A) eighteen (18) months following the date of termination and (B) the date Employee is or becomes eligible for comparable coverage under health plans of another employer, which period shall run concurrently with the continuation period required to be provided under the Consolidated Omnibus Budget Reconciliation Act; provided, however, to the extent that Employer determines that such the provision of the Continued Benefits would result in adverse tax consequences to Employer, Employer may instead, in its discretion, provide substantially similar benefits or payment outside of Employer’s benefit plans if Employer reasonably determines that providing such alternative benefits or payment is appropriate to minimize such potential adverse tax consequences and penalties.

Examples of Continued Benefits in a sentence

• With respect to any Continued Benefits for which you may become eligible under this Paragraph 9.a or otherwise under this Agreement, if requested by Studio during any continuation period you shall elect to treat such Continued Benefits as being provided pursuant to the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”) or any similar applicable federal or state statute.

• In no event shall the Executive’s continuation period for purposes of Part 6 of Title I of the Executive Retirement Income Security Act of 1974, as amended (“COBRA”), begin prior to the end of the Executive’s receipt of the Continued Benefits (as defined herein).

• Each payment of termination benefits under Section 7(f) of this Agreement, including, without limitation, each installment payment and each provision of, or payment or reimbursement of premiums for, the Continued Benefits under Section 7(f)(iv), shall be considered a separate payment, as described in Treas.

• Except as specifically permitted by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder as in effect from time to time (collectively, hereinafter, “Section 409A”), the Continued Benefits provided to you during any calendar year will not affect the Continued Benefits to be provided to you in any other calendar year, and the right to such Continued Benefits cannot be liquidated or exchanged for any other benefit.

• Executive shall not have a duty to mitigate the costs to Employer under this Section 7(f)(i), except that Continued Benefits shall be reduced or canceled to the extent of any comparable benefit coverage earned by (whether or not paid currently) or offered to Executive during the Severance Period by a subsequent employer or other Person (as defined below) for which Executive performs services, including but not limited to consulting services.

More Definitions of Continued Benefits

Continued Benefits means the continuation of subsidized health benefits to be provided in a manner as determined by the Plan Administrator in its sole discretion.

Continued Benefits means reimbursement of any premiums for continued group medical, dental and vision coverage for the Executive and/or the Executive’s eligible dependents under Section 4980B of the Internal Revenue Code of 1986, as amended (“COBRA”), to the extent such amount exceeds the premium which Executive would have had to pay for coverage under such plan if she had remained an active employee. For the avoidance of doubt, any amounts reimbursed pursuant to this Section 7 shall be treated as compensation.

Continued Benefits means the benefits described in Section 7 hereof.

Continued Benefits means, for the continued benefit of Executive, his spouse and eligible dependents following the Termination Date the medical, hospitalization, dental and life insurance programs of the Company in which Executive, his spouse and his eligible dependents were participating on the Termination Date.

Continued Benefits for any specified period shall mean benefits under all of the employee benefit programs of STAAR (including, but not limited to, group medical insurance, group dental insurance, group-term life insurance and disability insurance) available to the Executive before any termination in the same way and at the same level as immediately prior to the termination at no additional cost to the Executive, except to the extent tax rules require the inclusion of the value of such benefits in the Executive’s income. STAAR may elect at its discretion to satisfy any obligation to pay Continued Benefits by paying to the Executive in cash the amount that would otherwise be paid for such benefits.

Continued Benefits means reimbursement of any premiums for continued group medical, dental and vision coverage for the Executive and/or the Executive’s eligible dependents under Section 4980B of the Internal Revenue Code of 1986, as amended (“COBRA”), to the extent such amount exceeds the premium which Executive would have had to pay for coverage under such plan if he/she had remained an active employee. For the avoidance of doubt, any amounts reimbursed pursuant to this provision shall be treated as compensation.

Continued Benefits and “Pension Payments” on pages 6 and 7 of your Employment Agreement (as the Retention Bonus is in lieu thereof) unless the Company terminates your employment without Cause or you resign for Good Reason in accordance with the terms of your Employment Agreement prior to the expiration of the Transition Period;