Benefits Period definition

Benefits Period means the period commencing on the Date of Termination (as defined herein) and continuing thereafter for the number of months equal to the product of 12 and the Classification Factor.

Benefits Period shall have the meaning set forth in Paragraph 26.

Benefits Period means a period, commencing on the date that the Executive's employment with the Corporation and all of its Subsidiaries terminates and ending on the earlier of (a) the end of the initial Post-Employment Restriction Period and (b) the date that the Executive commences other employment or any consulting arrangement. The amount of the monthly payments shall be equal to one-twelfth (1/12) of the Executive's annual base compensation as in effect on the date of termination during the Benefits Period and 50% of such amount thereafter until the end of the initial Post-Employment Restriction Period determined by this Paragraph 26c.

Examples of Benefits Period in a sentence

• The Executive shall be required to make contributions for health plan participation during the Continuation of Health Benefits Period that are substantially equal to the contributions required of active employed executives of the Company.

• Only Identity Theft incidents that are discovered and reported during the Benefits Period will be covered by the Services.

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• In addition, the benefits described in Section 6(e)(iii) shall be continued until the earlier of (x) six (6) months after the end of the Termination Benefits Period or (y) such time that Employee obtains any of the coverages or benefits described in Section 6(e)(iii) pursuant to a subsequent employer’s benefit plans.The Termination Benefits set forth in (i) through (iv) above shall continue so long as Employee is in compliance with Employee’s Continuing Obligations under this Agreement.

• Payments of the foregoing severance benefits amounts will be paid over the Termination Benefits Period in pro rata installments in accordance with our payroll practices.

More Definitions of Benefits Period

Benefits Period shall have the meaning set forth in Section 6.1(I) hereof.

Benefits Period means the number of months equal to the product of twelve (12) multiplied by the Severance Multiple for the applicable Participant.

Benefits Period means that period of time beginning on the day after the Executive's last day of employment with the Corporation and ending on the earlier of (a) the end of his Severance Period or (b) the date on which the Executive becomes eligible for benefits in connection with his acceptance of a position with another company. Nothing contained in this section shall be deemed to affect the Executive's right to purchase extended medical or other coverages under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") or any other similar rule, regulation or statute binding upon the Corporation. The Corporation and Executive agree that the commencement date of any period during which the Executive is entitled to purchase extended medical or other coverage under COBRA shall be the date immediately following the end of his Severance Period.

Benefits Period has the meaning assigned to such term in Section 5.2(c) hereof.

Benefits Period means a period, commencing on the date that the Executive's employment with the Company and the Subsidiaries terminates and ending on the earlier of (a) the end of the initial Post-Employment Restriction Period and (b) the date that the Executive commences other employment or any consulting arrangement. The amount of the monthly payments shall be equal

Benefits Period means period over which the benefits of the market trial or the promotional offer is received by the Consumer;

Benefits Period the Company shall arrange to provide the Executive with Employee Benefits (except that the Company shall not be required to grant stock options, stock purchase rights, restricted stock, or stock appreciation rights during the Benefits Period) substantially similar to those which the Executive was receiving or entitled to receive immediately prior to the Termination Date (and if and to the extent that such benefits shall not or cannot be paid or provided under any policy, plan, program or arrangement of the Company or its Subsidiaries solely due to the fact that the Executive is no longer an officer or employee of the Company and its Subsidiaries, then the Company shall itself pay or provide for the payment to the Executive, his dependents and beneficiaries, such Employee Benefits) and (B) without limiting the generality of the foregoing, the Benefits Period shall be considered service with the Company and its Subsidiaries for the purpose of service credits under the retirement income, supplemental executive retirement and other plans for Employee Benefits of the Company and its Subsidiaries applicable to the Executive or his beneficiaries immediately prior to the Termination Date. Without otherwise limiting the purposes or effect of Section 6 hereof, Employee Benefits payable to the Executive pursuant to this Section 5(a)(ii) by reason of any "welfare benefit plan" of the Company (as the term "welfare benefit plan" is defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) shall be reduced to the extent comparable welfare benefits are actually received by the Executive from another employer during the Benefits Period.