Common use of Compensation Following Termination Clause in Contracts

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two (52) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve (12) of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 2 contracts

Samples: Executive Employment Agreement (Centene Corp), Executive Employment Agreement (Centene Corp)

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Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his her Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two twenty six (5226) weeks of his her annualized Salary paid as salary continuance in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve six (126) of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 2 contracts

Samples: Employment Agreement (Centene Corp), Executive Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two twenty six (5226) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve six (126) months of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two thirty nine (5239) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve nine (129) months of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Executive Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two (52) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve (12) months of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two (52) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve (12) of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's ’s employment other than For Cause the Company shall pay Executive that portion of his her Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two thirty nine (5239) weeks of his her annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, ’s signing and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve nine (129) months of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Executive Employment Agreement (Centene Corp)

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Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two thirty nine (5239) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve nine (129) of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Executive Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's employment other than For Cause the Company shall pay Executive that portion of his her Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty two (52) weeks of his her annualized Salary paid as salary continuance in accordance with the then current payroll practices, and conditioned upon Executive's signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve (12) of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Centene Corp)

Compensation Following Termination. If the Company terminates ---------------------------------- Executive's ’s employment other than For Cause the Company shall pay Executive that portion of his Salary earned through and including the Termination Date or the Resignation Date at the rate of Salary in effect at that time, plus an amount equal to fifty fifty-two (52) weeks of his annualized Salary paid in accordance with the then current payroll practices, and conditioned upon Executive's ’s signing, and not revoking, a complete Release of any and all claims. In such case, Company shall pay for twelve (12) months of the eighteen (18) months health and dental insurance continuation coverage to which Executive is entitled under the Consolidated Omnibus Budget Reconciliation Act of 1985, Public Law 99-272, Title X (COBRA).

Appears in 1 contract

Samples: Executive Employment Agreement (Centene Corp)

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