Common use of Continued Medical Coverage Clause in Contracts

Continued Medical Coverage. If the Company terminates this Agreement for any reason other than for Cause, or Executive terminates this Agreement for Good Reason and in accordance with Section 3.3, then Company shall maintain, at Company’s cost, Executive’s health, dental, vision and disability insurance described in Section 2.3 hereof until the first to occur of (i) the expiration of eighteen (18) months following such termination; or (ii) Executive accepts employment which provides health insurance. If the Company terminates this Agreement for Cause, or Executive terminates this Agreement for any reason other than Good Reason, Executive shall have the right to maintain, at Executive’s cost, the health, dental, vision and disability insurance described in Section 2.3 hereof, for a period not to exceed eighteen (18) months or such longer period as may be required by applicable law, all to the extent permitted by the applicable insurance carrier.

Appears in 4 contracts

Samples: Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc)

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Continued Medical Coverage. If the Company terminates this Agreement for any reason other than for Cause, or Executive terminates this Agreement for Good Reason and in accordance with Section 3.3, then Company shall maintain, at Company’s 's cost, Executive’s 's health, dental, vision and disability insurance described in Section 2.3 hereof until the first to occur of (i) the expiration of eighteen (18) months following such termination; or (ii) Executive accepts employment which provides health insurance. If the Company terminates this Agreement for Cause, or Executive terminates this Agreement for any reason other than Good Reason, Executive shall have the right to maintain, at Executive’s 's cost, the health, dental, vision and disability insurance described in Section 2.3 hereof, for a period not to exceed eighteen (18) months or such longer period as may be required by applicable law, all to the extent permitted by the applicable insurance carrier.

Appears in 3 contracts

Samples: Employment Agreement (Global Pharmaceutical Corp \De\), Employment Agreement (Global Pharmaceutical Corp \De\), Employment Agreement (Impax Laboratories Inc)

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