Employee Benefits Continuation. 24:05 57 Employees Not Covered by Agreement .3:04 4 Employee Savings Plan ..........................24:06 58 Extended Health Care Plan.....................24:01 54 Float Days ...............................................12:02 23 Footwear - Safety ....................................11:03 21 General Leave ........................................15:01 43 Glasses - Safety .....................................11:04 22 Grievances .............................................. 7 7 Holidays ..................................................12 23
Employee Benefits Continuation. Employee shall receive one hundred percent (100%) of Company-paid health, dental, vision, long-term disability and life insurance coverage at the same level of coverage as was provided to Employee immediately prior to Employee’s termination of employment through continuation of his coverage pursuant to COBRA (“Company-Paid Coverage”). If such coverage included Employee’s dependents immediately prior to Employee’s termination, such dependents shall also be covered at the Company’s expense. Company-Paid Coverage shall continue until the earlier of (i) twelve (12) months following the date of Employee’s termination, or (ii) the date upon which Employee or Employee’s dependents become covered under another employer’s group health, dental, vision, long-term disability or life insurance plans.
Employee Benefits Continuation. For a period of not less than one (1) year from and after the Closing Date, Purchaser shall (or shall cause the Company to) provide to the Company's employees who are actively employed on the Closing Date (hereafter, the "Continuing Employees") with employee benefits (including severance benefits but excluding equity-based compensation) and base compensation substantially comparable in the aggregate to those provided by the Company and/or Metal Resources immediately prior to the Closing Date. Without limiting the scope of the immediately-preceding sentence, Purchaser and Parent shall cause any new group medical plan maintained by the Company as of, or immediately following, the Closing Date to (a) make available or continue medical coverage under such plan to each Continuing Employee in accordance with the terms of such plan, as applicable, (b) waive or cause to be waived any preexisting condition exclusions and restrictions to the extent such exclusions and restrictions were not imposed with respect to such Continuing Employee under a corresponding Plan, and (c) credit such Continuing Employee, for the calendar year during which such coverage under such group medical plan begins, with any co-payments, deductibles and payments made towards out-of-pocket maximums already incurred under the corresponding Plan during the Plan year of the corresponding Plan in which the Closing Date occurs.
Employee Benefits Continuation. Employee will continue to participate in the Company’s employee benefit plans through the Term. Employee will not be eligible to receive new equity awards under the Company’s 2020 Omnibus Incentive Plan.
Employee Benefits Continuation. For a period of not less than one (1) year from and after the Closing Date, Purchaser shall (or shall cause each Company to) provide to such Company’s existing employees (hereafter, the “Continuing Employees”), while they are employed by such Company, with employee benefits (including severance benefits) and base compensation and bonus opportunities (other than retention arrangements that are not set forth on Schedule 3.12(v) and equity incentive arrangements but including the quarterly cash incentive plans disclosed on Schedule 3.3) substantially comparable in the aggregate to those provided by such Company immediately prior to the Closing Date, including the quarterly cash incentive plan of each Company; provided that (x) each Company shall be obligated to pay to the Continuing Employees all bonus payments that have been accrued by the applicable Company on the Closing Statement and (y) Purchaser shall cause the Companies to maintain each Company’s existing group medical plan through and including December 31, 2013. Nothing contained herein, express or implied: (i) shall be construed to establish, amend, or modify any benefit plan, program, agreement or arrangement, (ii) except as expressly provided above with respect to the Companies’ existing group medical plans and for any Contract disclosed on Schedule 3.12(v), shall alter or limit Purchaser’s, any Company’s or any of their affiliates’ ability to amend, modify or terminate any particular benefit plan, program, agreement or arrangement, (iii) is intended to confer upon any current or former employee any right to employment or continued employment for any period of time by reason of this Agreement, or any right to a particular term or condition of employment, or (iv) is intended to confer upon any individual (including employees, retirees, or dependents or beneficiaries of employees or retirees) any right as a third-party beneficiary of this Agreement.
Employee Benefits Continuation. The Board agrees to recognize and honor all seniority, vacations and sick days accumulated by employees in their previous districts of #87, #141, #340, and #341.
Employee Benefits Continuation. General Leave Job Posting Layoffand Recall after Layoff Letters of Understanding Life Insurance Long Term Disability Major Plan Meal Period Moving Expenses
Employee Benefits Continuation. 43 4.13 PROSPECTUS/PROXY STATEMENT..............................................................................44 4.14 PREPARATION OF PERMIT APPLICATION, HEARING REQUEST AND HEARING NOTICE...................................44
Employee Benefits Continuation. To the extent permitted by the employee benefit plans, programs, arrangements and policies of the Buyer, the Buyer agrees to the following:
(a) To the extent that service is relevant for purposes of eligibility, level of participation, or vesting under any employee benefit plan, program or arrangement established or maintained by Buyer or any of its affiliates, employees of the Company who become employees of the Buyer or any of its affiliates shall be credited for service accrued or deemed accrued prior to the Effective Time with the Buyer or its affiliates, as the case may be.
(b) Any pre-existing condition limitations contained in any employee benefit plan, program or agreement established or maintained by Buyer or any of its affiliates under which any employee of the Company otherwise becomes eligible to receive benefits and who would be deemed under such plan, program or arrangement to have a disqualifying pre-existing condition, will be waived, to the extent such condition was covered by an "employee welfare benefit plan", as such term is defined under Section 3(1) of ERISA, immediately prior to the Effective Time.
(c) Employees of the Company shall be given credit under the applicable plan of Buyer or any of its affiliates for amounts paid under a corresponding benefit plan during the same period for purposes of applying deductibles, co-payments and out-of-pocket maximums as though such amounts had been paid in accordance with the terms and conditions of the successor or replacement plan.
Employee Benefits Continuation. To the extent permitted under the applicable plans and policies and in a manner consistent with past practices, the Company will continue to cover through and including April 15, 2008 any costs or expenses associated with the continued coverage of Xxxxxx and his dependents under the applicable health and disability insurance plans and policies presently maintained by the Company. To the extent such coverage is not permitted under such plans and policies, the Company will pay all COBRA continuation coverage premiums for Xxxxxx and his dependents under such plans and policies until April 4, 2008. All such payments made during such period will be considered to be in satisfaction of any obligation of the Company to provide continuation coverage under Section 4980B of the Internal Revenue Code of 1986, as amended.
