Benefits; Miscellaneous. In the event the Executive is entitled to severance benefits pursuant to subsection 6 (a)(i) (other than as a result of the Executive's death), then in addition to such benefits, the Company shall continue to provide the Executive, for thirty-six (36) months after the Termination Date, welfare benefits or such comparable alternative welfare benefits as the Company may, in its discretion, determine to be sufficient to satisfy its obligations to the Executive under this Agreement (including, without limitation, medical, prescription, dental, disability, individual life, group life, accidental death and travel accident plans and programs) which are at least as favorable as the most favorable plans of the Company applicable to other peer executives and their families as of the Termination Date. Notwithstanding the foregoing, if the Executive is covered under any medical, life, or disability insurance plan(s) provided by a subsequent employer, then the amount of coverage required to be provided by the Company hereunder shall be reduced by the amount of coverage provided by the subsequent employer's medical, life or disability insurance plan(s). The Executive's rights under this Section 6(b) shall be in addition to, and not in lieu of, any post-termination continuation coverage or conversion rights the Executive may have pursuant to applicable law, including without limitation, continuation coverage required by Section 4980B of the Internal Revenue Code.
Benefits; Miscellaneous. In the event of any termination of Executive’s employment at any time during the term of this Agreement, (1) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (2) the Company shall pay the Executive all of the Executive’s accrued and unused vacation through the Termination Date; and (3) following submission of proper expense reports by the Executive (or his estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company. These payments shall be made promptly at the Company’s next scheduled payroll date.
Benefits; Miscellaneous. Notwithstanding the foregoing, Buyer shall not be liable for any obligations arising out of participation by Transferred Employees in the Employee Benefit Plans of Seller.
Benefits; Miscellaneous. Notwithstanding the foregoing, Buyer, and Buyer’s Affiliates, shall not be liable for any obligations of Seller or Seller’s Affiliates arising out of participation by Transferred Employees in the employee benefit plans of Seller or Seller’s Affiliates.
Benefits; Miscellaneous. Notwithstanding any provision of this Agreement to the contrary, the Seller Group shall retain the obligation for, and shall satisfy, payment of all covered medical, dental, life insurance and long-term disability claims commenced or expenses incurred by any Transferred Employee prior to the applicable Transfer Time under Section 14.4 for such Employee, and neither the Buyer nor Buyer’s Affiliates shall assume or be responsible for any liability with respect to such claims. Buyer and Buyer’s Affiliates shall not be liable for any obligations of Seller Group arising out of participation by Transferred Employees in the employee benefit plans of Seller Group. All obligations described in this Section 14.11 shall be referred to as the “Seller Employee Benefit Obligations.”
Benefits; Miscellaneous. In the event the Executive is ----------------------- entitled to severance benefits pursuant to subsection 5(a)(i) or is terminated due to death or Disability, then in addition to such severance benefits, the Company shall continue to provide the Executive (and his family), (A) if his employment is terminated prior to the first anniversary of the Effective Date, through the second anniversary of the Effective Date, and (B) if his employment is terminated on or after the first anniversary of the Effective Date, for a period of one year following the Termination Date, welfare benefits or such comparable alternative welfare benefits as the Company may, in its discretion, determine to be sufficient to satisfy its obligations to the Executive under this Agreement (including, without limitation, medical, prescription, dental, disability, individual life, group life, accidental death and travel accident plans and programs) which are at least as favorable as the most favorable plans of the Company applicable to other peer executives and their families as of the Termination Date. Notwithstanding the foregoing, if the Executive is covered under any medical, life, or disability insurance plan(s) provided by a subsequent employer, then the amount of coverage required to be provided by the Company hereunder shall be reduced by the amount of coverage provided by the subsequent employer's medical, life or disability insurance plan(s). The Executive's rights under this Section 5(b) shall be in addition to, and not in lieu of, any post-termination continuation coverage or conversion rights the Executive may have pursuant to applicable law, including without limitation, continuation coverage required by Section 4980B of the Code. In addition, in the event of any termination of Executive's employment, (i) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (ii) the Company shall pay the Executive all of the Executive's accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Executive, the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company prior to termination. These payments shall be made promptly upon termination and within the period of time mandated by law.
Benefits; Miscellaneous. In the event of any termination of Executive's employment at any time during the term of this Agreement, (i) the Company shall pay the Executive any unpaid Base Compensation due for periods prior to the Termination Date; (ii) the Company shall pay the Executive all of the Executive's accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Executive (or his Estate), the Company shall reimburse the Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company. These payments shall be made promptly and within the period of time mandated by law.
Benefits; Miscellaneous. Notwithstanding anything herein to the contrary, after the Effective Time, Seller and Seller’s Affiliate shall not be liable to Buyer or its Affiliates or any Transferred Employees or any other Person for any obligations arising out of participation by Transferred Employees in the Employee Benefit Plans of Buyer or any Buyer’s Affiliate.
Benefits; Miscellaneous. Notwithstanding the foregoing, Buyer, and Buyer’s Affiliates, shall not be liable for any obligations of Seller or Seller’s Affiliates arising out of participation by Transferred Employees in the employee benefit plans of Seller or Seller’s Affiliates. Seller shall remain solely responsible for all employment and employee benefit-related matters, obligations, Liabilities and commitments accrued or relating to periods on or prior to the Closing with respect to all Employees and their dependents and beneficiaries, including (A) any required notice of termination, termination or severance pay (contractual, statutory or at common law), (B) all wages, bonuses, vacations, vacation pay (including days in lieu), benefits, source deductions and other remuneration accrued or relating to periods on or prior to the Closing, and (C) all medical, long-term disability, life insurance and other welfare plan expenses and benefits with respect to claims incurred on or prior to the Closing, regardless of when such claims are reported or such expenses or benefits become due. For purposes of clause (C) above, a claim is deemed incurred (x) for purposes of medical benefits when the services that are the subject of the claim are performed, (y) for purposes of life insurance benefits when the death occurs and (z) for purposes of disability benefits when the event giving rise to the disability occurs. Seller shall retain all obligations, Liabilities and commitments under the Consolidated Omnibus Budget Reconciliation Act of 1985, Health Insurance Portability and Accountability Act of 1996, Section 601 et seq. and Sections 701 et seq. of ERISA, Section 4980B and Sections 9801 et seq. of the Code and state or similar Applicable Law with respect to qualifying events or other events occurring on or prior to the Closing with respect to all Employees and their eligible dependents.
Benefits; Miscellaneous. Goal & Perspective: Though compensation, health and welfare benefits, and time off constitute the major portion of an Administrator’s benefits package, there are some additional benefits that help to differentiate the District as a progressive employer.
