Benefits Continuation Period Sample Clauses

Benefits Continuation Period. “Benefits Continuation Period” means if a Triggering Event has occurred, the two-year period immediately following the Executive’s termination of employment.
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Benefits Continuation Period. 44 Blue Sky Laws............................................................. 14
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Benefits Continuation Period. Section 8.7(a) By-Laws................................................. Section 3.2 Certificate............................................. Section 4.1(b) Closing................................................. Section 2.2
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Benefits Continuation Period. Medical, dental, EAP and basic life benefits will continue for the number of weeks upon which separation pay is calculated, with a minimum continuation period of 6 months, provided however that to be eligible for medical and dental coverage during the Benefits Continuation Period, the employee must be enrolled for such coverage as of the date the employee’s employment ends. If the employee is not enrolled for such coverage as of the date the employee’s employment ends, then the employee will not be eligible for continuation of medical and/or dental coverage during the Benefits Continuation Period or otherwise.
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Benefits Continuation Period. For purposes of this Agreement, the “Benefits Continuation Period” shall mean the period from the Separation Date until October 13, 2008.
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Benefits Continuation Period. (a) Without limiting the application of the foregoing provisions of Section 8.1 and the application of Law, including the Transfer Regulations, the Buyers shall provide to each Mexx Canada Employee, both as part of any required offer of employment under this Agreement, and, for each such Transferred Employee, during the period beginning on the Closing Date and ending 12 months later (the “Applicable Continuation Period”), wages and other compensation and benefits which are comparable in the aggregate to those provided from time to time to similarly situated employees of the Buyers; provided, however, that (i) the base salary or base wages provided to each such Transferred Employee must be at least 100% of such Transferred Employee’s base salary or base wages, as applicable, immediately prior to the Closing, (ii) the amount of bonus opportunity and commission opportunity provided to each such Transferred Employee must be substantially comparable to that in effect with respect to such Transferred Employee immediately prior to the Closing, and (iii) all other wages, compensation and benefits shall be comparable in the aggregate to those provided immediately prior to the Closing, and duties and responsibilities shall be substantially comparable to such Transferred Employee’s duties and responsibilities immediately prior to the Closing. No Seller makes any representation as to whether any Mexx Canada Employee will accept or continue employment with the Buyers. (b) Effective on and after the Closing, the Buyers shall be responsible for all liabilities arising out of or relating to (i) the Transferred Employees, whenever arising, and (ii) any Mexx Canada Employee who does not become a Transferred Employee due to the Buyer’s failure to extend an offer, or failure to an extend an offer with the terms required by, this Article VIII. (c) The Buyers and Sellers shall share equally any severance payments and benefits (including termination pay and pay in lieu of notice), and the costs associated with any such payments and benefits provided by the Sellers or the Buyers, as the case may be, or their respective Subsidiaries for the termination of employment other than for cause (as determined by the Sellers), on or within 180 days following the Closing Date, of any Mexx Canada Employee who declines an offer of employment extended by the Buyers pursuant to this Agreement. (d) If any Mexx Canada Employee who declines an offer from the Buyers receives severance payments and ...
Sample 1
Benefits Continuation Period. For purposes of this Agreement, the “Benefits Continuation Period” shall mean the period from the Resignation Date until September 18, 2009.
Sample 1
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Related to Benefits Continuation Period

  • Benefits Continuation In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).

  • Benefit Continuation (a) For leaves taken pursuant to Clause 21.1, 21.2 and 21.3 the Employer shall maintain coverage for medical, extended health, dental, group life and long-term disability, and shall pay the Employer’s share of these premiums. (b) Notwithstanding Clause 21.4(a) above, should an employee be deemed to have resigned in accordance with Clause 21.5 the Employer will recover monies paid pursuant to this clause.

  • Salary Continuation If the Executive becomes totally disabled during the term of this Agreement, his full salary shall be continued for 360 days from the date of the disabling injury or onset of the disability illness.

  • Continuation Coverage If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of six (6) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this Section 3(a)(iii), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.

  • Term and Continuation This Agreement shall take effect as of the date hereof, and shall remain in effect, unless sooner terminated as provided herein, until September 30, 2003, and shall continue thereafter on an annual basis with respect to each Series, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the Board, or (b) by vote of a majority of the outstanding voting securities of the Series, and provided continuance is also approved by the vote of a majority of the Board who are not parties to this Agreement or "interested persons" (as defined in the 1940 Act) of the Fund, cast in person at a meeting called for the xxxxxxx of voting on such approval. This Agreement may be terminated at any time, without the payment of any penalty with respect to the entire Fund or only with respect to one or more Series thereof: (a) by the Fund at any time with respect to the services provided by the Administrator by vote of (1) a majority of the Board members who are not "interested persons" (as such term is defined in the 1940 Act) of the Fund, or (2) a majority of the outstanding voting shares of the Fund or, with respect to a particular Series, by vote of a majority of the outstanding voting shares of such Series, on 60 days' written notice to the Administrator; and (b) by the Administrator on or after September 30, 2003, without the payment of any penalty, upon 60 days' written notice to the Fund.

  • Commencement and Continuation The Contractor shall commence the Project on the date the Contract was signed by the Department (as above) and, subject to Schedule Three, Clause 10.1 shall complete the Project on or before 31 August 2012. Interpretations Schedule One Schedule Two Schedule Three

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • Benefit Period Following the Qualifying Period you will receive a monthly income until the earlier of: (i) Attainment of age 65 (ii) Cessation of total disability (iii) Attainment of date of retirement

  • COBRA Continuation Coverage Upon the termination of Executive’s active employment with the Company, Executive shall be entitled to elect continued medical and dental insurance coverage in accordance with the applicable provisions of COBRA and the Company shall pay such COBRA premiums.

  • Continuation of Employment This Agreement shall not confer upon the Participant any right to continue employment with the Company or its Subsidiaries, nor shall this Agreement interfere in any way with the Company’s or its Subsidiaries’ right to terminate the Participant’s employment at any time. The Participant’s employment shall continue to be on an “at-will” basis.

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