Benefits Continuation. continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and
Appears in 7 contracts
Samples: Employment Agreement (Condor Technology GRP), Employment Agreement (Condor Technology Solutions Inc), Employment Agreement (Condor Technology Solutions Inc)
Benefits Continuation. continuation Continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section Section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and.
Appears in 6 contracts
Samples: Employment Agreement (U S Wireless Data Inc), Employment Agreement (U S Wireless Data Inc), Employment Agreement (U S Wireless Data Inc)
Benefits Continuation. continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and
Appears in 3 contracts
Samples: Employment Agreement (Condor Technology Solutions Inc), Employment Agreement (Condor Technology Solutions Inc), Employment Agreement (Condor Technology GRP)
Benefits Continuation. continuation Continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's ’s obligation to provide or cause to be provided such coverages coverage shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section Section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and
Appears in 2 contracts
Samples: Employment Agreement (U S Wireless Data Inc), Employment Agreement (U S Wireless Data Inc)
Benefits Continuation. continuation Continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section Section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and
Appears in 1 contract
Benefits Continuation. continuation Continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's ’s obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section Section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and.
Appears in 1 contract
Benefits Continuation. continuation for the Severance Period of coverage under the group medical care, disability and life insurance benefit plans or arrangements in which the Executive is participating at the time of termination; provided, however, that the Company's obligation to provide or cause to be provided such coverages shall be terminated if the Executive obtains comparable substitute coverage from another employer at any time during the Severance Period. The Executive shall be entitled, at the expiration of the Severance Period, to elect continued medical coverage in accordance with section Section 4980B of the Internal Revenue Code of 1986, as amended (or any successor provision thereto); and.
Appears in 1 contract