Common use of Benefits Termination Clause in Contracts

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 10 contracts

Samples: Employment Agreement (Cyteir Therapeutics, Inc.), Employment Agreement (Advent Technologies Holdings, Inc.), Employment Agreement (Cyteir Therapeutics, Inc.)

AutoNDA by SimpleDocs

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s group health and dental plans at his the Executive’s own cost, the Executive’s participation in all employee benefit plans shall will terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employmentTermination Date, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employmentsuch termination, and the Executive shall will not be eligible to earn vacation or other paid time off following the termination of his employmentsuch termination.

Appears in 9 contracts

Samples: Employment Agreement (Astra Space, Inc.), Employment Agreement (TradeUP Global Corp), Employment Agreement (TradeUP Global Corp)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s Companies’ group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 4 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 4 contracts

Samples: Employment Agreement (Renovacor, Inc.), Employment Agreement (Renovacor, Inc.), Employment Agreement (Renovacor, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary Severance Benefits or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 3 contracts

Samples: Executive Chairman Compensation Agreement (Cuentas Inc.), Vice Chairman Compensation Agreement (Cuentas Inc.), Employment Agreement (Cuentas Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s group health and dental plans at his costcost and except as expressly provided in Section 5(b)(ii) of this Agreement, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 3 contracts

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s group health and dental plans at his costthe Executive’s cost and except as expressly provided in Section 5(b)(iii) of this Agreement, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his the Executive’s employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his the Executive’s employment, and the Executive shall not be eligible to earn for vacation or other paid time off following the termination of his the Executive’s employment.

Appears in 3 contracts

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.), Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s Companies’ group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 3 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s Companies’ group health and dental plans at his the Executive’s cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his the Executive’s employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his Executive’s employment.

Appears in 2 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his or her cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his or her employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his or her employment, and and, to the extent applicable, the Executive shall not be eligible to earn vacation or other paid time off following the termination of his or her employment.

Appears in 2 contracts

Samples: Employment Agreement (Neogenomics Inc), Employment Agreement (Neogenomics Inc)

Benefits Termination. Except for any right that the Executive may have under the federal law known as “COBRA” (and any applicable state or other applicable law local laws) to continue continued participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary base salary or other payment to the Executive following termination of his employmenttermination, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 2 contracts

Samples: Employment Agreement (COMSovereign Holding Corp.), Employment Agreement (ComSovereign Holding Corp.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s Companies’ group health and dental plans at his the Executive’s cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his the Executive’s employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his the Executive’s employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his the Executive’s employment.

Appears in 2 contracts

Samples: Employment Agreement (Duckhorn Portfolio, Inc.), Employment Agreement (Duckhorn Portfolio, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 2 contracts

Samples: Employment Agreement (CBRE Acquisition Holdings, Inc.), Employment Agreement (CBRE Acquisition Holdings, Inc.)

AutoNDA by SimpleDocs

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law COBRA to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 2 contracts

Samples: Employment Agreement (Beam Therapeutics Inc.), Employment Agreement (Beam Therapeutics Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s 's group health and dental plans at his costher cost and except as expressly provided in Section 5(b)(ii) of this Agreement, the Executive’s 's participation in all employee benefit plans shall terminate te1minate in accordance with the terms of the applicable benefit plans based on the date of termination of his her employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his her employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his her employment.

Appears in 1 contract

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s Companies’ group health and dental plans at his her cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his her employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his her employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his her employment.

Appears in 1 contract

Samples: Employment Agreement (Duckhorn Portfolio, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at [his or her] cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of [his or her] employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of [his or her] employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of [his or her] employment.

Appears in 1 contract

Samples: Employment Agreement (Renovacor, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s 's group health and dental plans plan s at his costcost and except as expressly provided in Section 5(b)(ii) of this Agreement, the Executive’s 's participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 1 contract

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his her cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his her employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his her employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his her employment.

Appears in 1 contract

Samples: Employment Agreement (Renovacor, Inc.)

Benefits Termination. Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and and, to the extent applicable, the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 1 contract

Samples: Employment Agreement (Neogenomics Inc)

Benefits Termination. Except as set forth in Section 5(b) above and except for any right the Executive may have under the federal law known as “COBRA” COBRA or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

Appears in 1 contract

Samples: Employment Agreement (Spinal Elements Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.