Continuation of Certain Benefits. (a) If the Company terminates the Employee’s employment during the Limited Period other than pursuant to a Company Termination Event, or if the Employee voluntarily terminates his employment during the Limited Period pursuant to an Employee Termination Event, then the Employee, and the Employee’s eligible dependents, shall be entitled to continue to participate in the Company’s medical, dental and vision plans for which the Employee was eligible immediately prior to the Employee’s Termination Date, until the earlier of (i) Employee’s eligibility for any such coverage under another employer’s or any other medical plan or (ii) twelve (12) months following the termination of Employee’s employment as provided by French law (the “CIC Benefit Continuation Period”). The Employee’s continued participation in the Company’s medical, dental, and vision plans shall be on the terms not less favorable than those in effect for actively employed key employees of the Company and will be supported fully by the Company.
(b) If the Company terminates the Employee’s employment other than during the Limited Period and other than (i) pursuant to a Company Termination Event; (ii) for reasons of (A) criminal activity or (B) willful misconduct (“faute lourde”) or gross negligence (“faute grave”) in the performance of the Employee’s duties, then the Employee, and the Employee’s eligible dependents, shall be entitled to continue to participate in the Company’s medical, dental and vision plans for which the Employee was eligible immediately prior to the Employee’s Termination Date, until the earlier of (x) Employee’s eligibility for any such coverage under another employer’s or any other medical plan or (y) 12 month period following the termination of Employee’s employment pursuant to French law (the “Severance Benefit Continuation Period”). The Employee’s continued participation in the Company’s medical, dental and vision plans shall be on the terms not less favorable than those in effect for actively employed key employees of the Company and will be supported fully by the Company.
Continuation of Certain Benefits. While a member is paid disability benefits pursuant to this Article, vacation accruals shall cease. Holidays shall be paid at the disability benefit rate as set forth in this section. Medical, dental, drug, and vision insurance shall continue uninterrupted until the member is no longer on the disability program. Providing a member continues monthly premium contributions as set forth in Section 24.9, insurance coverage for which the member is eligible will be extended ninety (90) days beyond the end of the month during which a member's approved leave without pay or leave of absence status became effective.
Continuation of Certain Benefits. If Employee performs the duties contemplated under this Agreement through February 28, 2006, Employee will be entitled to continued participation in Employer’s group health plan until the earlier of (A) the date he becomes eligible to receive coverage and benefits under the health plan of a subsequent employer, or (B) February 28, 2011; provided (1) if Employee is precluded from continuing his participation in Employer’s group health plan as provided herein, he shall be paid, in a lump sum cash payment, within 30 days following the date it is determined he is unable to participate in the group health plan, an amount equal to the after-tax economic equivalent of the benefits (net of Employee’s contribution) provided under the plan; (2) the economic equivalent of any benefit foregone shall be deemed to be an amount equal to (i) the lowest cost that would be incurred by Employee in obtaining such benefit for himself (including family or dependent coverage, if applicable) on an individual basis, minus (ii) the amount Employee would reasonably have been expected to contribute under Employer’s group health plan; and (3) in no event shall the lump sum cash payment contemplated by this Section 5(b) exceed $30,000. Employee shall be eligible for group health plan continuation coverage under, and in accordance with, the Consolidated Omnibus Budget Reconciliation Act of 1965, as amended, when he ceases to be eligible for continued participation in Employer’s group health plan.
Continuation of Certain Benefits. In the event of the termination of Executive's employment for any reason other than his death, Executive's benefits will be continued under the Company’s then existing benefit plans and policies for so long as provided under the terms of such plans and policies and as required by applicable law. If Executive elects to continue his health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his employment, then the Company shall pay the Executive's monthly premium under COBRA until the earlier of (i) the expiration of the Executive’s continuation coverage under COBRA, and (ii) the date when the Executive receives substantially equivalent health insurance coverage in connection with new employment or self-employment.
Continuation of Certain Benefits. If the Company terminates your employment other than for Disability or Cause pursuant to Section 3(i) or 3(ii) hereof or if you terminate your employment for Good Reason (either of which termination may be effected by Retirement prior to your Normal Retirement Date), the Company shall assign to you any club membership held for your benefit and the Company shall maintain in full force and effect for your continued benefit for a period terminating on the earliest of (A) three years after the Date of Termination or (B) your Normal Retirement Date, all life, health, accident and disability insurance plans and programs in which you were a participant immediately prior to the Date of Termination, provided that your continued participation is possible under the terms and provisions of such plans and programs. In the event that your participation in any such plan or program is barred, the Company shall provide you with benefits substantially similar to those to which you would be entitled as a participant in such plans and programs. Any required statutory period of COBRA health benefit continuation that terminated employees may elect shall not begin until the end of the period of coverage provided hereby. The benefits provided under this Section, other than assignment of any club membership, shall be reduced to the extent of benefits received by you from another employer. At the end of the period of coverage, you shall have the option to have assigned to you, at no cost and with no apportionment of prepaid premiums, any assignable insurance policy owned by the Company and relating specifically to you.
Continuation of Certain Benefits. Upon termination of Executive's, employment, Executive shall be entitled to continue to receive the compensation and benefits described in Section 3.f for a period of ninety (90) days following the effective date of such termination.
Continuation of Certain Benefits. From the Date of Termination and continuing for a period of fourteen (14) weeks beyond the Date of Termination, Executive shall be entitled to continue to receive the medical, dental and vision insurance benefits provided by the Corporation to Executive as of the Date of Termination, as though she had remained in the employment of the Corporation for such period. If for any reason, whether by law or provisions of the Corporation’s employee benefit plans or otherwise, any benefits to which Executive would be entitled under the foregoing sentence cannot be paid pursuant to such employee benefit plans, then the Corporation hereby agrees to pay to Executive the difference between (x) the benefits which Executive would have received in accordance with the foregoing and (y) the amount of benefits, if any, actually paid by the Corporation or such employee benefit plan. The Corporation shall not be required to pre-fund its obligation to pay the foregoing difference. Notwithstanding the foregoing, to the extent the Corporation, in writing, reasonably requests Executive to elect COBRA continuation coverage during such period to enable the Corporation to continue providing coverage as required hereunder, Executive shall timely do so.
Continuation of Certain Benefits. The Company shall maintain in full force and effect, for the continued benefit of the Executive and Executive's family, to and through October 14, 2007, all medical, dental and group life insurance plans and programs in which the Executive was participating immediately prior to the Separation Date on the same basis (including costs) then available to active employees provided that the Executive's continued participation is possible under the general terms and provisions of such plans and programs; provided, however, that in the event that the Executive's participation in any such plan or program is barred, the Company shall arrange to provide the Executive with benefits substantially similar to those that the Executive would otherwise have been entitled to receive under such plans and programs from which her continued participation is barred; and further provided, that if (a) the Executive becomes reemployed after the Severance Date, and (b) her new employer offers medical and dental insurance plans or programs under which she will be eligible to participate, any such continuing medical and dental coverage shall be secondary to such new employer's coverage.
Continuation of Certain Benefits. As part of the Separation Package, the Executive will also be provided with a continuation of the following employment related benefits in place for the duration of the Continuance Period : medical and dental insurance coverage, excluding long term disability coverage, short term disability coverage, critical illness and life insurance coverage. Short and long term disability benefit coverage, critical illness and life insurance coverage will be discontinued upon termination or as soon after termination as permitted by applicable legislation. To the extent provided, continued coverage pursuant to the aforementioned benefit plans will be conditional on the Executive satisfying the terms and conditions required by the individual insurance policies.
Continuation of Certain Benefits. You will continue to participate in health, dental, disability and life insurance in which you were participating on the Relinquishment Date until the earlier of: (a) September 14, 2004, and (b) your death (the “Benefit Termination Date”). Your levels of contribution and coverage will remain the same as in effect on the Relinquishment Date, except for any changes that apply to Axxxxx corporate employees generally. After the Benefit Termination Date, any such benefits to which you or your heirs may be entitled by law or the governing plan document for such benefits will continue for the time period and in the manner required by law or the governing plan document, as the case may be. In addition, you may continue to participate in Axxxxx’x 401(k) plan during the Employment Period.
