Common use of Health Insurance Coverage Clause in Contracts

Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment equal to Eighty-Thousand U.S. Dollars ($80,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than thirty (30) days after the date of the Termination Event or the date of an Effective Release. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Agilent Technologies Inc), Change of Control Severance Agreement (Agilent Technologies Inc)

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Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment equal to Eighty-Thousand U.S. Dollars ($80,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than thirty seven (307) business days after the date of the Termination Event or the date of an Effective ReleaseRelease Deadline. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Agilent Technologies Inc), Change of Control Severance Agreement (Agilent Technologies Inc)

Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment equal to EightyForty-Thousand U.S. Dollars ($80,00040,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare health­care expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than the later of thirty (30) days after the date of the Termination Event or the date of an Effective Release. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Agilent Technologies Inc)

Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment an amount equal to EightyForty-Thousand U.S. Dollars ($80,00040,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than the later of thirty (30) days after the date of the Termination Event or the date of an Effective Release. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Agilent Technologies Inc)

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Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment equal to EightyForty-Thousand U.S. Dollars ($80,00040,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than thirty seven (307) business days after the date of the Termination Event or the date of an Effective ReleaseRelease Deadline. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Agilent Technologies Inc)

Health Insurance Coverage. Upon the occurrence of a Termination Event, Executive shall be entitled to receive a payment equal to Eighty-Thousand U.S. Dollars ($80,000) (the “Health Expense Benefit”). The purpose of the Health Expense Benefit is to assist Executive with healthcare health¬care expenses, including additional health plan premium payments that may result from the occurrence of a Termination Event. Amounts to be paid under this section shall be paid in a lump sum no later than the later of thirty (30) days after the date of the Termination Event or the date of an Effective Release. This Section 3.3 provides only for the Company’s payment of the Health Expense Benefit. This Section 3.3 does not affect the rights of Executive or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Agilent Technologies Inc)

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