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.
Appears in 2 contracts
Samples: Management Retention Agreement, Management Retention Agreement (Peregrine Semiconductor Corp)
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 six (126) 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.
Appears in 1 contract
Samples: Management Retention and Severance Agreement (Peregrine Semiconductor Corp)
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 's termination of employment through continuation of his coverage pursuant to COBRA (“"Company-Paid Coverage”"). If such coverage included Employee’s 's dependents immediately prior to Employee’s 's termination, such dependents shall also be covered at the Company’s 's expense. Company-Paid Coverage shall continue until the earlier of (i) 8) twelve (12) months following the date of Employee’s 's termination, or (ii) the date upon which Employee or Employee’s 's dependents become covered under another employer’s 's group health, dental, dental and vision, long-term disability or life insurance plans.
Appears in 1 contract
Samples: Management Retention Agreement (C Cube Microsystems Inc/De)
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 's termination of employment through continuation of his coverage pursuant to COBRA (“"Company-Paid Coverage”"). If such coverage included Employee’s 's dependents immediately prior to Employee’s 's termination, such dependents shall also be covered at the Company’s 's expense. Company-Paid Coverage shall continue until the earlier of (i) twelve (12) months following the date of Employee’s 's termination, or (ii) the date upon which Employee or Employee’s 's dependents become covered under another employer’s 's group health, dental, vision, long-term disability or life insurance plans.
Appears in 1 contract
Samples: Management Retention Agreement (C Cube Microsystems Inc/De)