Common use of Employment with Successor Employer Clause in Contracts

Employment with Successor Employer. If, after a No Cause or a Good Reason Termination Event, the Executive accepts employment with a successor employer that offers coverage under healthcare, life insurance and accidental death and dismemberment plans, programs and policies substantially comparable to those plans, programs and policies afforded the Executive by the Company, the Company's obligation to provide coverage under such plans, programs and policies shall cease as and to the extent substantially comparable benefits become available to the Executive through the successor employer. The Executive shall keep the Company informed of any successor employer and the healthcare, life insurance and accidental death and dismemberment plans, programs and policies offered by any such employer. This (S) 4.3 shall not confer any right on the Company (independent of its rights under applicable law) to fail to make available healthcare continuation coverage as is required by applicable law to the Executive, any dependent or former dependent of the Executive or other beneficiary entitled to such coverage.

Employment with Successor Employer. If, after a No Cause or a Cause, Good Reason or Change in Control Termination Event, the Executive accepts employment with a successor employer that offers coverage under healthcare, life insurance and accidental death and dismemberment plans, programs and policies substantially comparable to those plans, programs and policies afforded the Executive by the Company, the Company's obligation to provide coverage under such plans, programs and policies shall cease as and to the extent substantially comparable benefits become available to the Executive through the successor employer. The Executive shall keep the Company informed of any successor employer and the healthcare, life insurance and accidental death and dismemberment plans, programs and policies offered by any such employer. This (S) 4.3 shall not confer any right on the Company (independent of its rights under applicable law) to fail to make available healthcare continuation coverage as is required by applicable law to the Executive, any dependent or former dependent of the Executive or other beneficiary entitled to such coverage.