Common use of Continued Welfare Benefits Clause in Contracts

Continued Welfare Benefits. The Company shall continue to provide for a number of years equal to the Multiple health, welfare and fringe benefits to the Executive and the Executive’s spouse and dependents (in each case, provided in an applicable plan) at least equal to the levels of benefits provided by the Company and its Subsidiaries immediately prior to the Change in Control Date. Nothing in this Section 4(a)(iii) shall operate to reduce, or be construed as reducing, the Executive’s group health plan continuation rights under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, in any manner.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (Diomed Holdings Inc), Change in Control Severance Agreement (Diomed Holdings Inc), Change in Control Severance Agreement (Diomed Holdings Inc)

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