Certain Welfare Benefits. For a number of months equal to thirty-six (36) (the "Continuation Period"), Westport shall at its expense continue on behalf of the Employee and his or her dependents and beneficiaries the life insurance, disability, medical, dental and hospitalization coverages and benefits provided to the Employee immediately prior to the Change in Control or, if greater, the coverages and benefits provided at any time thereafter. The coverages and benefits (including deductibles and costs) provided in this Section 4(c) during the Continuation Period shall be no less favorable to the Employee and his or her dependents and beneficiaries, than the most favorable of such coverages and benefits referred to above. Westport's obligation hereunder with respect to the foregoing coverages and benefits shall be reduced to the extent that the Employee obtains any such coverages and benefits pursuant to a subsequent employer's benefit plans, in which case Westport may reduce any of the coverages or benefits it is required to provide the Employee hereunder so long as the aggregate coverages and benefits of the combined benefit plans is no less favorable to the Employee than the coverages and benefits required to be provided hereunder. Neither this Section 4(c) nor any other provision of this Agreement shall not be interpreted so as to reduce any amounts otherwise payable, or in any way diminish the Employee's rights as an employee of Westport, whether existing now or hereafter, under any benefit, incentive, retirement, stock option, stock bonus, stock purchase plan, or any employment agreement or other plan or arrangement.
Certain Welfare Benefits. For a number of months after the Qualifying Termination equal to twenty-four (24) (the "Continuation Period"), the Company shall, at its expense, provide on behalf of the Executive and his dependents and beneficiaries the equivalent medical, dental and hospitalization coverages and benefits and financial planning services (hereinafter referred to as the "Welfare Benefits") provided to the Executive immediately prior to the Change in Control or, if greater, the Welfare Benefits provided at any time thereafter. The Welfare Benefits (including deductibles and costs) provided in this Section 4(c) during the Continuation Period shall be no less favorable to the Executive and his dependents and beneficiaries than the most favorable of such Welfare Benefits. The Company's obligation hereunder with respect to the foregoing Welfare Benefits shall be reduced to the extent that the Executive obtains any such Welfare Benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce any of the Welfare Benefits it is required to provide the Executive hereunder so long as the aggregate Welfare Benefits of the combined benefit plans is no less favorable to the Executive than the Welfare Benefits required to be provided hereunder. Neither this Section 4(c) nor any other provision of this Agreement shall be interpreted so as to reduce any amounts otherwise payable, or in any way diminish the Executive's rights as an employee of the Company, whether existing now or hereafter, under any benefit plan or arrangement. Notwithstanding the foregoing, should the Executive become entitled to the Severance Amount, he shall not be entitled to any severance pay under any other plan, policy or agreement under which he may be otherwise entitled.
Certain Welfare Benefits. Company shall make a lump sum cash payment to Employee equal to thirty-six (36) times the aggregate monthly premium (paid by Company and Employee) for each of the following plans as in effect at the time of the Employee’s Qualifying Termination: Life insurance, disability, medical, dental and hospitalization. Subject to the requirements of Section 7 for “specified employees,” the payment under this paragraph (b) shall be paid on the first regular payroll date that is more than 60 days after the date of the Employee’s Qualifying Termination (or the Change in Control, if later) and in no event later than 74 days following such Qualifying Termination or the Change in Control, as applicable.
Certain Welfare Benefits. During the Payment Period, the Company shall continue to provide to Executive on the same basis the medical, dental and life insurance benefits, other than long term- disability and short-term disability benefits, that Executive was receiving or was entitled to receive as of the Effective Date; provided, however, that if Executive becomes eligible to receive any such benefits through full time employment during the Payment Period, Executive's entitlement to benefit continuation under this Section 2(g) shall immediately cease, subject to Executive's rights to COBRA continuation coverage under the Company's welfare benefit plans by paying the applicable premium therefor.
Certain Welfare Benefits. During the 36-month period beginning on the Resignation Date (the “Benefit Continuation Period”), the Company shall continue to provide on the same basis the medical, dental and life insurance benefits that Executive and his dependents were receiving or entitled to receive immediately prior to the Resignation Date (“Welfare Continuation Benefits”); provided, however, that if Executive becomes employed and eligible for similar benefits during the Benefit Continuation Period, Executive’s entitlement to benefit continuation under this Section 3(c) shall immediately cease, subject to Executive’s rights to COBRA continuation coverage under the Company’s welfare benefit plans by paying the applicable premium therefor. If, for any period during which Executive is entitled to Welfare Continuation Benefits, the Company reasonably determines that Executive cannot receive such Benefits under any Company sponsored welfare benefit plan then, in lieu of providing benefits under such plan, the Company shall provide to Executive comparable benefits through other arrangements or the cash equivalent of the cost thereof.
Certain Welfare Benefits. Parent shall make a lump sum cash payment to Employee equal to thirty-six (36) times the aggregate monthly premium (paid by Parent and Employee) for each of the following plans as in effect at the time of the Employee’s Qualifying Termination: Life insurance, disability, medical, dental and hospitalization. Subject to the requirements of Section 7 for “specified employees,” the payment under this paragraph (b) shall be paid on the first regular payroll date that is more than 60 days after the date of the Employee’s Qualifying Termination (or the Change in Control, if later) and in no event later than 74 days following such Qualifying Termination or the Change in Control, as applicable.
Certain Welfare Benefits. The Company shall make a lump sum payment to Employee equal to the aggregate monthly premium (for both Company and Employee) for each of the following plans as in effect at the time of termination: life insurance, disability, medical, dental and hospitalization, multiplied by [insert continuation period]. Neither this Section 4(c) nor any other provision of this Agreement shall be interpreted so as to reduce any amounts otherwise payable, or in any way diminish the Employee’s rights as an employee of Parent, whether existing now or hereafter, under any benefit, incentive, retirement, stock option, stock bonus, stock purchase plan, or any employment agreement or other plan or arrangement.
Certain Welfare Benefits. Following the date hereof, the BOC ------------------------ Group and the Purchaser shall, if requested by the Purchaser, use reasonable best efforts to permit the active employees of the Business to participate in the BOC Group's welfare plans for a short transition period after the Closing, subject to the parties reaching an agreement as to the reimbursement of the cost of providing such participation and any other applicable terms and conditions, which agreement shall be negotiated in good faith.
Certain Welfare Benefits. During the 24-month period described in paragraph 2, Eastern will continue to provide Executive and his family coverage under Eastern's health (medical/dental), disability, and life insurance (or other death benefit) programs, on the same terms (including cost sharing) and at the same levels of coverage as apply to other senior executive employees of Eastern. To the extent such continued coverage cannot be offered under the terms of Eastern's plans or programs, Eastern will attempt to accomplish the same result through alternative arrangements. It is expressly understood and agreed that the benefits of each of the plans shall be subject to such conditions and limitations as are set forth in the applicable plan, policy, or contract of insurance, and that any disputes concerning eligibility for or payment of benefits under any such plan, policy or contract shall be settled in accordance with its terms.
Certain Welfare Benefits. (a) Upon Termination after the Effective Date, subject to Section 4(c) below, you will be eligible for continued participation in all CBS Company health care, dental, vision care and life insurance programs in which you are participating on your Termination Date as such programs are in effect from time to time, and at employee contribution levels for the coverage selected that are applicable to senior-level executives from time to time, until the earlier of (1) the date on which you attain age 55 or (2) the date on which you receive, or are eligible to receive, comparable or greater benefits under the plans and programs of a subsequent employer (such comparability to be determined by the Company on the basis of aggregate welfare benefits).
