Benefits After Sample Clauses

Benefits After the Term of this Agreement. In addition to the compensation to be paid to Galowich pursuant to Paragraph 5 hereof, to the fullest extent permitted under law, the Company shall make available to Galowich and his wife (if he subsequently marries and requests coverage for his wife at any time or from time to time thereafter), for the life of each of them, at the Company's expense with respect to Galowich, and at Galowich's expense with respect to his wife, all employee health benefits (including, without limitation, medical, dental, vision and other similar plans) which are maintained and/or paid for in whole or in part by the Company from time to time for its employees and its executives generally; provided that (i) the Company's obligations under this Paragraph 6(b) shall be suspended in whole or in part during all periods after December 31, 1996 in which health benefits at least as favorable as those to be made available hereunder are provided at no cost to Galowich as a result of the employment of Galowich by any employer (other than an employer with respect to which Galowich is the principal owner) subsequent to the termination of his employment by the Company, and (ii) if health benefits at least as favorable as those to be made available hereunder are provided to Galowich as a result of the employment of Galowich by any employer (other than an employer with respect to which Galowich is the principal owner) subsequent to the termination of his employment by the Company but Galowich is required to pay for such benefits, the Company, at its election, shall provide health benefits to Galowich hereunder or reimburse Galowich for amounts actually paid to his employer or others for such health benefits. Notwithstanding the provisions of this Paragraph 6(b), Galowich may from time to time elect not to accept such benefits for himself or his wife for any period of time but, if thereafter requested by Galowich, such benefits shall be made available to him or his wife. Nothing contained herein shall preclude the amendment or termination of any such programs, the increase in any premium payment or the reduction or elimination of any health benefit so long as it applies to all employees or executives of the Company, in general. The Company's obligations under this Paragraph 6(b) shall survive the termination of this Agreement for any reason except for a termination of Galowich's employment pursuant to Paragraph 8(c) hereof.
Sample 1
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Benefits After. Age 70 - Employees who continue to be employed past age sixty-five (65) shall be eligible for the following benefits under the same conditions as other employees, with the exception of Life Insurance, which will be reduced by 50%. In any event, once an Employee reaches age seventy (70) and she continues to be employed in a position which would otherwise entitle her to benefit coverage, she shall automatically receive 3% in lieu of benefit coverage. Holiday and sick time entitlement shall remain unchanged.
Sample 1

Related to Benefits After

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Benefits Upon Plan Termination In the event this Long-Term Disability Plan is terminated, the benefit payments shall continue to be paid in accordance with the provisions of this Plan to disabled employees who became disabled while covered by this Plan prior to its termination.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Plan Termination The Plan Sponsor reserves the right to terminate this Plan in accordance with one of the following, subject to the restrictions imposed by Section 409A and authoritative guidance:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Benefits Acknowledged The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits.

  • Covered Termination “Covered Termination” shall mean Executive’s Constructive Termination or the termination of Executive’s employment by the Company other than for Cause.

  • Benefits - In General The Executive shall be permitted during the Term to participate in any group life, hospitalization or disability insurance plans, health programs, equity incentive plans, long-term incentive programs, 401(k) and other retirement plans, fringe benefit programs and similar benefits that may be available (currently or in the future) to other senior executives of the Company generally, in each case to the extent that the Executive is eligible under the terms of such plans or programs.

  • Compensation After Termination a. If (i) the Company terminates Employee’s employment during the Employment Period pursuant to Section 4.1.a, 4.1.b, or 4.1.c hereof, (ii) either party terminates this Agreement pursuant to Article 2 hereof or (iii) Employee voluntarily terminates this Agreement pursuant to Section 4.1.d hereof, then the Employment Agreement and Employee’s employment with the Company shall terminate and the Company shall have no further obligations hereunder or otherwise with respect to Employee’s employment from and after the termination or expiration date, except that the Company shall pay Employee’s Base Salary accrued through the date of termination or expiration and shall provide such benefits as are required by applicable law. Notwithstanding the foregoing, if the Company terminates Employee pursuant to Section 4.1.a or 4.1.b, the Company will pay to Employee a pro rata share of any incentive compensation earned by Employee during the year in which such termination occurs, such incentive compensation to be determined and payable in the same manner and at the same time as it would have been had Employee’s employment not been terminated pursuant to Section 4.1.a or 4.1.b. b. If the Company terminates the Employee’s employment pursuant to Section 4.1.d hereof, then the Company shall have no further obligations hereunder or otherwise with respect to Employee’s employment from and after the termination date, except that, subject to receiving a signed separation agreement and general release of claims from Employee substantially in the form set out in attached Exhibit 1 to this Agreement, modified as necessary so as to be fully enforceable under current applicable law, Company shall pay Employee’s Base Salary through the end of the then current Employment Period and shall provide benefits as are required by applicable law. However, any payments under this Section 4.2.b. payable after termination of employment may be delayed as may be required by Section 7.12 hereof. Provided, however, if the termination of Employee’s employment results in compensation and benefits being provided to Employee pursuant to the Severance Agreement of even date herewith, Employee shall receive no compensation under this Section 4.2, except for Base Salary and benefits accrued through the date of termination or as are otherwise required by applicable law.

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