Continued Medical Coverage. If Associate’s employment is terminated in either of the circumstances described in Article FIRST, Part A hereof, in the event Associate timely elects under the provisions of COBRA to continue his group health plan coverage that was in effect prior to the date of the termination of Associate’s employment with the Corporation, Associate will be entitled to continuation of such coverage, at the Corporation’s expense, for a period of eighteen (18) months from the date of termination, provided that Associate continues to be eligible for COBRA coverage.
Continued Medical Coverage. In the event Employee's employment is terminated, then Employee shall be entitled to elect continued medical insurance coverage in accordance with applicable provisions of the Consolidated Budget Reconciliation Act of 1985 ("COBRA").
Continued Medical Coverage. If the Company terminates this Agreement for any reason other than for Cause, or Executive terminates this Agreement for Good Reason and in accordance with Section 3.3, then Company shall maintain, at Company’s cost, Executive’s health, dental, vision and disability insurance described in Section 2.3 hereof until the first to occur of (i) the expiration of eighteen (18) months following such termination; or (ii) Executive accepts employment which provides health insurance. If the Company terminates this Agreement for Cause, or Executive terminates this Agreement for any reason other than Good Reason, Executive shall have the right to maintain, at Executive’s cost, the health, dental, vision and disability insurance described in Section 2.3 hereof, for a period not to exceed eighteen (18) months or such longer period as may be required by applicable law, all to the extent permitted by the applicable insurance carrier.
Continued Medical Coverage. Any continued medical coverage following termination of employment, to the extent provided under Section 6 or any other provision of this Agreement, if and to the extent such medical coverage (or the Company’s contributions or reimbursement of such coverage) represents taxable income to Employee, is intended to qualify as excluded from being a deferral of compensation under Treasury Regulation § 1.409A-1(b)(9)(v)(B), and the rights to such coverage shall be limited to the extent necessary to qualify thereunder.
Continued Medical Coverage. To the extent U.S. medical coverage is not available in Switzerland, the Company shall pay for the cost of securing substantially similar coverage in Switzerland for the Executive and the Executive’s family. Eligible dependents of the Executive shall continue to maintain medical coverage irrespective of their relocation to Switzerland.
Continued Medical Coverage. If the Company terminates this Agreement for any reason other than for Cause, or Executive terminates this Agreement for Good Reason and in accordance with Section 3.3, then Company shall maintain, at Company's cost, Executive's health, dental, vision and disability insurance described in Section
Continued Medical Coverage. To the extent U.S. medical coverage is not available in England, the Company shall pay for the cost of securing substantially similar coverage in England for the Executive and the Executive's eligible dependents. Eligible dependents of the Executive shall continue to maintain medical coverage irrespective of their relocation to England.
Continued Medical Coverage. Until the Retirement Date the Employee and his eligible dependents shall continue to be covered under the Company's medical and dental plans and group life insurance plan under the same terms and conditions, and at the same contribution levels, as are applicable to active employees of the Company. On the Retirement Date the Employee may at his option either continue coverage under the Company's medical plan for up to 18 months under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") by paying the applicable COBRA monthly premiums or commence coverage under the Company's retiree medical plan as it may then exist (the "Retiree Plan"). The Employee's retiree medical coverage shall always be subject to the terms and conditions, including premium contributions, of the Retiree Plan applicable to retired employees of the Company generally.
Continued Medical Coverage. For a period of 36 months commencing at the Effective Time, SHI shall continue to keep in full force and effect all group medical benefits covering the Executive and his dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such benefits shall have been in effect immediately prior to the Effective Time (such coverage, the “Date of Termination Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of SHI and its affiliated companies, and SHI and the Executive shall share the costs of the continuation of such coverage in the same proportion as such costs were shared immediately prior to the Effective Time, provided that the Executive shall have the right, thereafter and for his lifetime, following such 36-month period, to elect to continue to participate, at the Executive’s sole cost at the applicable COBRA rate, in the applicable medical plan or plans.
Continued Medical Coverage. Upon the termination of the Executive's employment with the Company for whatever reason, to the extent permitted by applicable law, the Company shall continue to provide the Executive, at his cost (or at the Company's cost, as the case may be, in the case of a termination pursuant to Section 9(b) or (e) , with medical and hospitalization insurance coverage for a period of the longer of: (I) 18 months from the Termination Date; (ii) the period prescribed by applicable law or (iii) the period set forth in the applicable Benefit Plans.
