Common use of Continuation of Health Care Coverage Clause in Contracts

Continuation of Health Care Coverage. The Executive (and his eligible dependents) shall be entitled to continued participation in the medical, dental and vision plans of the Company and its subsidiaries as in effect from time to time, at then-existing participation and coverage levels, for thirty six (36) months immediately following Executive’s Qualifying Termination. For the avoidance of doubt, the Participant (and his eligible dependents) shall be responsible for paying all deductibles and other cost sharing items under such plans but shall not be responsible for the payment of premiums. If and to the extent that any benefit described in this paragraph (B) is not or cannot be paid or provided under a plan or arrangement of the Company or its subsidaries, then the Company will pay or provide for the payments to Executive of such employee benefits. Nothing in this paragraph (B) shall be construed to impair or reduce an Executive’s rights under COBRA or other applicable law.

Appears in 2 contracts

Samples: Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.)

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Continuation of Health Care Coverage. The Executive (and his eligible dependents) shall be entitled to continued participation in the Company’s medical, dental and vision plans of the Company and its subsidiaries plans, as in effect from time to time, at then-existing participation and coverage levels, for thirty six twenty four (3624) months immediately following Executive’s Qualifying Termination. For the avoidance of doubt, the Participant (and his eligible dependents) shall be responsible for paying all deductibles and other cost sharing items under such plans but shall not be responsible for the payment of premiums. If and to the extent that any benefit described in this paragraph (B) is not or cannot be paid or provided under a Company or Company plan or arrangement of the Company or its subsidariesarrangement, then the Company will pay or provide for the payments to Executive of such employee benefits. Nothing in this paragraph (B) shall be construed to impair or reduce an Executive’s 's rights under COBRA or other applicable law.

Appears in 1 contract

Samples: Employment Agreement (Triumph Bancorp, Inc.)

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Continuation of Health Care Coverage. The Executive (and his eligible dependents) shall be entitled to continued participation in the medical, dental and vision plans of the Company and its subsidiaries as in effect from time to time, at then-existing participation and coverage levels, for thirty six twenty four (3624) months immediately following Executive’s Qualifying Termination. For the avoidance of doubt, the Participant (and his eligible dependents) shall be responsible for paying all deductibles and other cost sharing items under such plans but shall not be responsible for the payment of premiums. If and to the extent that any benefit described in this paragraph (B) is not or cannot be paid or provided under a plan or arrangement of the Company or its subsidaries, then the Company will pay or provide for the payments to Executive of such employee benefits. Nothing in this paragraph (B) shall be construed to impair or reduce an Executive’s rights under COBRA or other applicable law.

Appears in 1 contract

Samples: Employment Agreement (Triumph Bancorp, Inc.)

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