Common use of Continuation Benefits Clause in Contracts

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefits, as detailed in the Offer Letter, for the period commencing on the Termination Date and terminating 12 months thereafter, or such other period as specifically stated herein (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his dependents; and the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on from the Termination Date and terminating 12 months thereafter, or such other period to end of the month in which the final Severance Payment (as specifically stated herein defined below) installment is payable (the “Continuation Period”) ), at the Company’s expense 's expense, less any normal payroll deductions, on behalf of the Employee and his dependents; and provided, however, if any of the level and availability of benefits Benefits required to be provided by the Company during the Continuation Period shall at all times be subject under the Company’s benefit plans are, pursuant to the postterms of such plans, not available to non-employment conversion or portability provisions employees of the benefit plansCompany, the Company, at its sole cost and expense, less any normal payroll deductions, shall be required to provide such benefits as shall be reasonably available and substantially similar to the benefits provided to employees of the Company. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any obtains such benefits pursuant to a subsequent employer’s 's benefit plansplan, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s 's employee benefit plans, programs or practices following the Employee’s 's termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on from the Termination Date and terminating 12 months thereafter, or such other period to end of the month in which the final Severance Payment (as specifically stated herein defined below) installment is payable (the “Continuation Period”) ), at the Company’s expense expense, less any normal payroll deductions, on behalf of the Employee and his dependents; and provided, however, if any of the level and availability of benefits Benefits required to be provided by the Company during the Continuation Period shall at all times be subject under the Company’s benefit plans are, pursuant to the postterms of such plans, not available to non-employment conversion or portability provisions employees of the benefit plansCompany, the Company, at its sole cost and expense, less any normal payroll deductions, shall be required to provide such benefits as shall be reasonably available and substantially similar to the benefits provided to employees of the Company. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any obtains such benefits pursuant to a subsequent employer’s benefit plansplan, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” Benefits shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 six months thereafter, or such other period as specifically stated herein by this agreement (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his dependents; and the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 months thereafter, or such other period as specifically stated herein thereafter (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his her dependents, by payment of Employee’s COBRA premiums or otherwise; provided, however, that (a) any COBRA continuation benefit shall expire at an earlier date as provided by COBRA or in order to ensure that such benefit is not deemed to be a “discriminatory insured plan” as contemplated by the Public Health Service Act (as added by the Patient Protection and Affordable Care Act); and (b) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his {N0285684 } her dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” Benefits shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 six months thereafter, or such other period as specifically stated herein by this agreement (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his her dependents; and (ii) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his her dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 18 months thereafter, or such other period as specifically stated herein thereafter (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his dependents, by payment of Employee’s COBRA premiums or otherwise; provided, however, that (a) any COBRA continuation benefit shall expire at an earlier date as provided by COBRA or in order to ensure that such benefit is not deemed to be a “discriminatory insured plan” as contemplated by the Public Health Service Act (as added by the Patient Protection and Affordable Card Act); and (b) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the {N0234509 } Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 18 months thereafter, or such other period as specifically stated herein thereafter (the “Continuation Period”) at the Company’s expense on behalf of the Employee Executive and his her dependents, by payment of Executive’s COBRA premiums or otherwise; provided, however, that (a) any COBRA continuation benefit shall expire at an earlier date as provided by COBRA or in order to ensure that such benefit is not deemed to be a “discriminatory insured plan” as contemplated by the Public Health Service Act (as added by the Patient Protection and Affordable Care Act); and (b) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain Executive obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee Executive hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee Executive than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the EmployeeExecutive, his her dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the EmployeeExecutive’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” Benefits shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 six months thereafter, or such other period as specifically stated herein by this agreement (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his dependents; and (ii) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” Benefits shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 twelve (12) months thereafter, or such other period as specifically stated herein by this agreement (the “Continuation Period”) at the Company’s expense on behalf of the Employee and his dependents; and the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company’s 's employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.

Continuation Benefits. “Continuation Benefits” shall be the continuation of the benefitsBenefits, as detailed defined in the Offer LetterSection 5.1, for the period commencing on the Termination Date and terminating 12 18 months thereafter, or such other period as specifically stated herein thereafter (the “Continuation Period”) at the Company’s expense on behalf of the Employee Executive and his dependents, by payment of Executive’s COBRA premiums or otherwise; provided, however, that (a) any COBRA continuation benefit shall expire at an earlier date as provided by COBRA or in order to ensure that such benefit is not deemed to be a “discriminatory insured plan” as contemplated by the Public Health Service Act (as added by the Patient Protection and Affordable Care Act); and (b) the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the benefit plans. The Company’s obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain Executive obtains any such benefits pursuant to a subsequent employer’s benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee Executive hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee Executive than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the EmployeeExecutive, his dependents or beneficiaries may be entitled under any of the Company’s employee benefit plans, programs or practices following the Employee’s termination of employment, including, without limitation, retiree medical and life insurance benefits.benefit