Common use of Duration of Benefits Clause in Contracts

Duration of Benefits. The Severance Benefits described in Section 1.9(viii) shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare Severance Benefits described in Section 1.9(viii) shall be provided following the Qualifying Termination until the earlier of (i) the second anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare benefits from a subsequent employer.

Appears in 5 contracts

Samples: Control Severance Agreement (Raytheon Co/), Control Severance Agreement (Raytheon Co/), Raytheon Company (Raytheon Co/)

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Duration of Benefits. The Severance Benefits described in Section 1.9(viii) -------------------- shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare Severance Benefits described in Section 1.9(viii) shall be provided following the Qualifying Termination until the earlier of (i) the second anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare benefits from a subsequent employer.

Appears in 2 contracts

Samples: Control Severance Agreement (Raytheon Co/), Raytheon Co/

Duration of Benefits. The Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided following the Qualifying Termination until the earlier of (i) the second anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare benefits from a subsequent employer.

Appears in 1 contract

Samples: Control Severance Agreement (Raytheon Co/)

Duration of Benefits. The Severance Benefits described in Section 1.9(viii) shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare Severance Benefits described in Section 1.9(viii) shall be provided following the Qualifying Termination until the earlier of (i) the second third anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare benefits from a subsequent employer.

Appears in 1 contract

Samples: Control Severance Agreement (Raytheon Co/)

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Duration of Benefits. The Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided following the Qualifying Termination until the earlier of (i) the second third anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare benefits from a subsequent employer.

Appears in 1 contract

Samples: Control Severance Agreement (Raytheon Co/)

Duration of Benefits. The Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided to Executive at the same premium cost as in effect immediately prior to the Qualifying Termination. The welfare non-retirement Severance Benefits described in Section 1.9(viii1.9(vii) shall be provided following the Qualifying Termination until the earlier of (i) the second first anniversary of the Qualifying Termination or (ii) the date Executive receives substantially equivalent welfare non-retirement benefits from a subsequent employer.

Appears in 1 contract

Samples: Control Severance Agreement (Raytheon Co/)

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