Health and Welfare Benefit Continuation Sample Clauses

Health and Welfare Benefit Continuation. Employees off work due to verifiable personal illness and having exhausted their accrued sick leave benefits set forth in Section 13 shall continue their eligibility for health and welfare payments in accordance with Section 14. Employees off work on leaves of absence without pay shall not be eligible for said health and welfare benefit payments.
Sample 1
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Health and Welfare Benefit Continuation. The Company shall continue Executive’s participation in the Company’s health and welfare benefit plans (except for disability plans), at an equivalent level of participation as Executive had during the twelve (12) month-period prior to Executive’s Termination Date, until the earlier of (i) eighteen (18) months after the Executive’s Termination date, or (ii) such time as Executive is covered by comparable benefit plans or programs of a subsequent employer. Executive shall immediately notify the Company of his benefit coverage by a subsequent employer within sixty (60) days after the initiation of such coverage. After the expiration of Executive’s benefit coverage with the Company, Executive will be provided information and forms to elect COBRA (Consolidated Executive’s Initials Omnibus Budget Reconciliation Act of 1985) continuation coverage under the Company medical, vision and dental plans in which Executive participates. The entire cost to continue Executive’s health and welfare coverage for the 18 months following the Termination Date shall be deducted from Executive’s Base Salary and Target Bonus Lump Sum Payment described in Paragraph 3(a) above. In the event Executive is covered by the health and welfare benefit plans or programs of a subsequent employer prior to the expiration of the 18 month period, the Company shall reimburse Executive for any premium overpayment.
Sample 1
Health and Welfare Benefit Continuation. Commencing on the date immediately following the Executive’s Termination Date and continuing for two and one-half years (the “Benefit Continuation Period”), the Company shall arrange to provide the Executive and the Executive’s eligible dependents, at no greater cost to the Executive than the cost to the Executive immediately prior to the Termination Date, health and welfare benefits, including, but not limited to, long-term disability, medical, dental, life insurance and pre-tax insurance premiums (the “Health and Welfare Benefits”), no less favorable than those provided to the Executive and the Executive’s eligible dependents immediately prior to the Termination Date, but only to the extent (A) permitted under each of the applicable Health and Welfare Benefits plans or policies as in effect on the Executive’s Termination Date and (B) that the Executive makes a payment to the Company in an amount equal to the monthly premium payments (as in effect immediately prior to the Termination Date) (both the employee and employer portion) required to maintain such coverage on the first day of each calendar month commencing with the first calendar month following the Termination Date and the Company shall reimburse the Executive on an after-tax basis for the amount of such premiums, if any, in excess of any employee contributions necessary to maintain such coverage for the Benefit Continuation Period (such excess premiums, the “Additional Premiums”) and such reimbursement shall comply with the rules for reimbursements provided in Section ‎21(b). Benefits otherwise receivable by the Executive pursuant to this Section ‎‎7(d)(iii) shall be reduced to the extent benefits of the same type are received by or made available to the Executive during the Benefit Continuation Period (and any such benefits received by or made available to the Executive shall be reported to the Company by the Executive). For the avoidance of doubt, reimbursements on an after-tax basis are limited solely to the Additional Premiums;
Sample 1
Health and Welfare Benefit Continuation. The Company shall continue Executive’s participation in the Company’s health and welfare benefit plans (except for disability plans), at an equivalent level of participation as Executive had during the twelve (12) month-period prior to Executive’s Termination Date, until the earlier of (i) eighteen (18) months after the Executive’s Termination date, or (ii) such time as Executive is covered by comparable benefit plans or programs of a subsequent employer (“Benefit Termination Date”). Executive shall immediately notify the Company of his benefit coverage by a subsequent employer within sixty (60) days after the initiation of such coverage. After the expiration of Executive’s benefit coverage with the Company, Executive will be provided information and forms to elect COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) continuation coverage under the Company medical, vision and dental plans in which Executive participates. Executive’s employee contribution to the monthly cost of his health and welfare benefits (based on Executive’s current health and welfare elections) shall be aggregated for the 18 month period following the Termination Date and shall be deducted from Executive’s Base Salary and Target Bonus Lump Sum Payment described in Paragraph 2(a) above. If the Benefit Termination Date is less than 18 months after Executive’s Termination Date, the interval between the Benefit Termination Date and 18 months following Executive’s Termination Date shall be referred to as the “Benefit Refund Period.” As soon as practical after the Benefit Termination Date, the Company shall pay to Executive all moneys deducted from Executive’s Base Salary and Target Bonus Lump Sum Payment to cover the Executive’s /s/ TRL Executive’s Initials cost for any health and welfare coverage that the Company would have provided to Executive during the Benefit Refund Period had the Benefit Termination Date not preceded the date 18 months following Executive’s Termination Date..
Sample 1
Health and Welfare Benefit Continuation. If Xx. Xxxxxxx is enrolled in a medical, dental, vision or Employee Assistance Program (EAP) plan sponsored by Quantum on the Termination Date, he shall be entitled to six (6) months of benefit coverage at no cost to him after the Termination Date. A lump sum payment equal to the grossed up value of six months of COBRA premiums ($7,133.46) will be paid to Xx. Xxxxxxx on or about the Termination Date for this purpose, and Xx. Xxxxxxx shall be responsible for the application for COBRA coverage and for payment of all premiums related thereto. Quantum shall continue Xx. Xxxxxxx’x group-term life insurance coverage in effect at the Termination Date for up to sixty (60) days following the Termination Date. The cost for this coverage will be deducted from the separation payments specified in Section 2(a) above unless written notice is received by the Benefits Department, c/o Quantum Corporation (fax: 000-000-0000) at least two (2) weeks prior to the Termination Date.
Sample 1

Related to Health and Welfare Benefit Continuation

  • Health and Welfare Benefits (Article 17 applies to full-time nurses only)

  • Health and Welfare Benefit Plans During the Employment Period, Executive and Executive’s immediate family shall be entitled to participate in such health and welfare benefit plans as the Employer shall maintain from time to time for the benefit of senior executive officers of the Employer and their families, on the terms and subject to the conditions set forth in such plan. Nothing in this Section shall limit the Employer’s right to change or modify or terminate any benefit plan or program as it sees fit from time to time in the normal course of business so long as it does so for all senior executives of the Employer.

  • Continuation of Welfare Benefits For the twenty-four (24) month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents life, disability, accident and health insurance benefits and other benefits and perquisites (including employee stay rates) substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason, at no greater cost to the Executive than the cost to the Executive immediately prior to such date or occurrence. Benefits otherwise receivable by the Executive pursuant to this Section 6(a)(2) shall be reduced to the extent benefits of the same type are received by the Executive from another employer during the twenty-four (24) month period following the Executive's termination of employment; provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an event or circumstance constituting Good Reason.

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Welfare Benefits Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Continued Welfare Benefits The Company shall, at its option, either (A) continue to provide medical, life insurance, accident insurance and disability benefits to the Executive and the Executive’s spouse and dependents at least equal to the benefits provided by the Company and its Subsidiaries generally to other active peer executives of the Company and its Subsidiaries, or (B) pay Executive the cost of obtaining equivalent coverage, in the case of each of clauses (A) and (B), for a period of time commencing on the Termination Date and ending on the date that is eighteen (18) months after the Termination Date; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. Any provision of benefits pursuant to this Section 4(a)(iii) in one (1) tax year of the Executive (the “Executive Tax Year”) shall not affect the amount of such benefits to be provided in any other Executive Tax Year. The right to such benefits shall not be subject to liquidation or exchange for any other benefit. Executive agrees to make (and to cause his dependents to make) a timely election under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) to the extent requested by Employer, to facilitate Employer’s provision of continuation coverage.

  • Retirement and Welfare Plans Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time as the Company deems appropriate.

  • Health and Welfare Plans (a) A copy of the master contracts with the carriers for the extended health care, dental and group life plans shall be sent to the President of the Union.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

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