Health Benefit upon Termination of Agreement, other than for Cause or without Good Reason Sample Clauses

Health Benefit upon Termination of Agreement, other than for Cause or without Good Reason. Upon termination of the Agreement other than for Cause or without Good Reason (a “Termination Event”), the Executive will be eligible to participate in, to the extent permitted by the plan and at no additional cost to the Company, a fully-insured group health plan then-offered by the Company. If, upon the occurrence of a Termination Event, either: (a) the Executive is not permitted to participate in the Company’s fully-insured group health plan; or (b) the Company no longer offers such a health plan, then the Company shall use reasonable efforts to obtain comparable fully-insured health coverage for the Executive under a separate insurance policy; provided, however, that the Company shall not be obligated to secure coverage for the Executive. At all times, the Full Cost (as defined herein) for such participation or coverage will be paid by the Executive (“Full Cost” shall include all premiums and any increase to the cost of the Company’s health plan caused by the inclusion of the Executive). Participation by the Executive in such plan or insurance policy may continue until the earliest to occur of: (a) the Executive becomes sixty-five (65) years of age; (b) the Executive fails to pay the Full Cost for the plan or policy; (c) the Executive becomes eligible to participate in another group health plan; or (d) the fully-insured group health plan or insurance policy is no longer being offered: (i) at no cost to the Company, (ii) on a basis under which the Executive is prepared to pay the Full Cost or (iii) at all.
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Related to Health Benefit upon Termination of Agreement, other than for Cause or without Good Reason

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Termination for Cause; Resignation Without Good Reason; Death or Disability (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

  • Termination Without Cause or With Good Reason If the Executive’s employment is terminated (A) by the Company without Cause, or (B) by the Executive with Good Reason, the Company shall pay (unless otherwise noted, in the normal course) to the Executive or provide the following amounts or benefits:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change in Control If the Company terminates Executive’s employment with the Company without Cause (excluding death or Disability) or if Executive resigns from his or her employment for Good Reason, and, in each case, such termination date occurs during the Change in Control Period, then Executive will receive the Accrued Benefits and, subject to Sections 5 through 7, below, Executive will be eligible to receive the following:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company or its Affiliates terminate Executive’s employment with the Company or its Affiliates, respectively, without Cause or Executive resigns from such employment for Good Reason within twelve (12) months following a Change of Control, and Executive signs and does not revoke a separation agreement and release of claims with the Company (in a form acceptable to the Company), then Executive will receive the following severance from the Company:

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

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