Common use of Disability, Life Insurance and Medical/Dental Coverage; No Unpaid Vacation or Sick Leave Clause in Contracts

Disability, Life Insurance and Medical/Dental Coverage; No Unpaid Vacation or Sick Leave. The Company shall continue the disability, life insurance and medical/dental coverage provided to the Executive immediately prior to the Termination Date, subject to then existing Executive contribution requirements. Such coverage shall be provided through the earlier to occur of the end of the then term under paragraph 2(b) as if there had not been a Termination Date or the date on which the Executive obtains comparable coverage provided by a new employer. If and to the extent additional benefits are available, the Executive has the right to continue health and life insurance benefits under COBRA laws in effect on the Termination Date. The Executive shall not be deemed to have and shall not be paid for any unpaid vacation or sick leave.

Appears in 4 contracts

Samples: Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC)

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