Common use of Period Clause in Contracts

Period. These benefits will be provided until the earlier of: • Three years from the date of termination of Executive’s employment; • The Executive’s Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or • The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three year limitation provided above will not apply if Executive: • Is age 55 or older at the time of the Change in Control; and • Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 7 contracts

Samples: Control Compensation Agreement (Kaydon Corp), Change in Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp)

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Period. These benefits will be provided until the earlier of: • Three years One year from the date of termination of Executive’s employment; • The Executive’s Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or • The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three one year limitation provided above will not apply if Executive: • Is age 55 or older at the time of the Change in Control; and • Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 6 contracts

Samples: Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp), Kaydon Corporation Change in Control Compensation Agreement (Kaydon Corp)

Period. These benefits will be provided until the earlier of: - Three years from the date of termination of Executive’s 's employment; - The Executive’s 's Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or - The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three year limitation provided above will not apply if Executive: - Is age 55 or older at the time of the Change in Control; and - Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 4 contracts

Samples: Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp)

Period. These benefits will be provided until the earlier of: - Three years from the date of termination of Executive’s 's employment; - The Executive’s 's Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or - The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three year limitation provided above will not apply if Executive: - Is age 55 or older at the time of the Change in Control; and - Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 1 contract

Samples: Compensation Agreement (Kaydon Corp)

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Period. These benefits will be provided until the earlier of: • Three years · One year from the date of termination of Executive’s employment; · The Executive’s Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or · The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three one year limitation provided above will not apply if Executive: · Is age 55 or older at the time of the Change in Control; and · Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 1 contract

Samples: Change in Control Compensation Agreement (Kaydon Corp)

Period. These benefits will be provided until the earlier of: • Three years ● One year from the date of termination of Executive’s employment; The Executive’s Normal Retirement Date (as defined in the Retirement Plan) (and, in the case of medical insurance, until Executive is eligible for Parts A and B of Medicare or their equivalent, if later); or The date Executive obtains reasonably comparable life insurance, medical insurance, dental insurance, accident insurance, or disability insurance, as the case may be, at no greater cost to Executive than was the case at Kaydon. The three one year limitation provided above will not apply if Executive: Is age 55 or older at the time of the Change in Control; and Is fully vested in the Retirement Plan (or would be fully vested if Executive was a participant in that Plan) at the time of the Change in Control.

Appears in 1 contract

Samples: Change in Control Compensation Agreement (Kaydon Corp)

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