Common use of Insurance Benefits, etc Clause in Contracts

Insurance Benefits, etc. The Company shall at all times during the Continuation Period, without charge to Employee or Employee's dependents, cause Employee and Employee's eligible dependents to be covered by and to participate in, to the fullest extent allowable under the terms thereof, all life, accidental death and dismemberment and health insurance plans and programs that may be offered to the senior officers of the Company so that Employee will receive, at all times during the Continuation Period, the same benefits under such plans and programs as Employee would have been entitled to receive had he remained an Executive Officer of the Company. In no event shall Employee's continuation period for purposes of Part 6 of Title I of the Employee Retirement Income Security Act of 1974, as amended ("COBRA"), begin prior to the end of Employee's coverage under the Company's group health plan as provided in this paragraph (b).

Appears in 7 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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Insurance Benefits, etc. The Company shall at all times during the Salary Continuation Period, without charge to Employee or Employee's dependents, Period cause Employee the Executive and Employeethe Executive's eligible dependents to be covered by and to participate in, to the fullest extent allowable under the terms thereof, all life, accidental death and dismemberment and health insurance plans and programs that may be offered to the senior officers employees of the Company so that Employee the Executive will receive, at all times during the Salary Continuation Period, the same benefits under such plans and programs as Employee the Executive would have been entitled to receive had he the Executive remained an a senior employee of the Company and the Executive's costs for plans or programs shall be not greater than if the Executive Officer had remained a senior employee of the Company. In no event shall Employeethe Executive's continuation period for purposes of Part 6 of Title I of the Employee Executive Retirement Income Security Act of 1974, as amended ("COBRA"), begin prior to the end of Employeethe Executive's coverage under the Company's group health plan as provided in this paragraph (b).

Appears in 6 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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Insurance Benefits, etc. The Company shall at all times during the Salary Continuation Period, without charge to Employee or Employee's dependents, Period cause Employee the Executive and Employee's the Executive’s eligible dependents to be covered by and to participate in, to the fullest extent allowable under the terms thereof, all life, accidental death and dismemberment and health insurance plans and programs that may be offered to the senior officers employees of the Company so that Employee the Executive will receive, at all times during the Salary Continuation Period, the same benefits under such plans and programs as Employee the Executive would have been entitled to receive had he the Executive remained an a senior employee of the Company and the Executive’s costs for plans or programs shall be not greater than if the Executive Officer had remained a senior employee of the Company. In no event shall Employee's the Executive’s continuation period for purposes of Part 6 of Title I of the Employee Executive Retirement Income Security Act of 1974, as amended ("COBRA"), begin prior to the end of Employee's the Executive’s coverage under the Company's ’s group health plan as provided in this paragraph (b).

Appears in 2 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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