Continuation of Employment Benefits Sample Clauses

Continuation of Employment Benefits. Following a Termination Event during the Change in Control Period, the Executive shall receive the severance benefits described in this Section.
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Continuation of Employment Benefits. The Company shall provide Executive with continued participation in the medical, dental and vision insurance coverage plans of the Company (“Welfare Plans”) in which Executive is participating on the Separation Date until the earlier of: (i) the termination by the Company of Welfare Plans that permit the participation of former employees; (ii) the end of the 36-month period following the Separation Date; and (iii) the date, or dates, Executive receives comparable coverage and benefits under the plans and programs of any subsequent employer; provided, however, that the provision of such benefits to Executive by the Company shall be in accordance with Welfare Plans as maintained by the Company from time to time for its then current senior executives.
Sample 1
Continuation of Employment Benefits. The Purchasers hereby agree that they shall, or shall cause FB and each Subsidiary to (i) employ its employees immediately after the Closing Time (the “Continuing Employees”) except only those employees listed on Exhibit D, (ii) cause FB and each Subsidiary to provide each of the Continuing Employees, immediately after the Closing Time, with at least the same level of base salary and wages as was provided to the Continuing Employee immediately prior to the Closing Time; and (iii) except as provided in (b), below, cause FB and each Subsidiary to provide each Continuing Employee, immediately after the Closing Time, with employee benefits that are in the aggregate not materially less advantageous than the benefits provided to the Continuing Employee immediately prior to the Closing Time under the Employee Benefit Plans. For clarity, this provision is not intended to impose any limitation on the ability of the Purchasers or FB or a Subsidiary to change salary and wages, or employee benefits, with respect to an employee after the Closing Time, and nothing in this Agreement will obligate the Purchasers or FB or a Subsidiary to continue the employment of any Continuing Employee or other individual for any specific period after the Closing Time.
Sample 1
Continuation of Employment Benefits. The Company shall provide Executive with, at the Company’s cost, continued participation in the medical, dental and vision insurance coverage plans of the Company or COBRA (“Health Benefits”) in which Executive is participating on the Separation Date until the earlier of: (i) the end of the 24-month period following the Separation Date; and (ii) the date, or dates, Executive receives comparable coverage and benefits under the plans and programs of any subsequent employer; provided, however, that the provision of such benefits to Executive by the Company shall be in accordance with Health Benefits as maintained by the Company from time to time for its then current senior executives.
Sample 1
Continuation of Employment Benefits 
Sample 1

Related to Continuation of Employment Benefits

  • Continuation of Employment This Agreement shall not confer upon the Participant any right to continue employment with the Company or its Subsidiaries, nor shall this Agreement interfere in any way with the Company’s or its Subsidiaries’ right to terminate the Participant’s employment at any time. The Participant’s employment shall continue to be on an “at-will” basis.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Termination of Employment with Severance Benefits (a) The Executive shall be entitled to the severance benefits described in section 9(b) in the event that:

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Continuation of Employee Benefits For a period of 24 months from the date of termination of employment, the Bank also shall maintain in full force and effect, for the continued benefit of the Executive, all employee benefit plans and programs to which the Executive was entitled prior to the date of termination, if the Executive’s continued participation is possible under the general terms and provisions of such plans, and programs, except that if the Executive’s participation in any health, medical, life insurance, or disability plan or program is barred, the Bank shall obtain and pay for, on the Executive’s behalf, individual insurance plans, policies or programs which provide to the Executive health, medical, life and disability insurance coverage which is substantially equivalent to the insurance coverage to which Executive was entitled prior to the date of termination.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

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