Common use of Continuation of Health Benefit Coverage Clause in Contracts

Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Term of this Agreement or any renewal thereof; the Company shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 hereof, for a period not to exceed the earlier of (a) five (5) years or (b) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cec Entertainment Inc)

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Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Initial Term of this Agreement or any renewal thereof; the Company , Employer shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 hereof, for a period not to exceed the earlier of (ai) five (5) years or (bii) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 27 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 27 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of or his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement."

Appears in 1 contract

Samples: Employment Agreement (Showbiz Pizza Time Inc)

Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Initial Term of this Agreement or any renewal thereof; , the Company shall provide Employee and his family Family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 10 hereof, for a period not to exceed the earlier of (ai) five (5) years or (bii) the date on which Employee and his family Family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 11 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family Family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 11 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of or his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Showbiz Pizza Time Inc)

Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Term of this Agreement or any renewal thereof; , the Company shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 hereof, for a period not to exceed the earlier of (ai) five (5) years or (bii) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cec Entertainment Inc)

Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Initial Term of this Agreement or any renewal thereof; the Company , Employer shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 hereof, for a period not to exceed the earlier of (aI) five (5) years or (bii) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 27 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 27 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of or his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement."

Appears in 1 contract

Samples: Employment Agreement (Showbiz Pizza Time Inc)

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Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Term of this Agreement or any renewal thereof; , the Company shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 10 hereof, for a period not to exceed the earlier of (ai) five (5) years or (bii) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 11 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 11 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of or his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Showbiz Pizza Time Inc)

Continuation of Health Benefit Coverage. Upon the termination of Employee's employment for any reason, including a termination due to the expiration of the Term of this Agreement or any renewal thereof; the Company shall provide Employee and his family the health, medical, hospitalization and dental insurance coverage and/or cost reimbursement benefits set forth in Section 11 hereof, for a period not to exceed the earlier of (ai) five (5) years or (bii) the date on which Employee and his family become covered under a policy or plan paid for by a new employer of Employee providing substantially similar coverage and benefits. In the event Employee's employment terminates and this Section 12 becomes effective, and thereafter Employee dies while the benefits provided herein are still in effect, such benefits shall continue for Employee's family until five (5) years have passed following his termination of employment. The benefits set forth under this Section 12 shall be provided in addition to any other payments, benefits or compensation, if any, to which Employee, his estate of his designated beneficiary is entitled due to his termination of employment as set forth in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cec Entertainment Inc)

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