Common use of Medical and Dental Benefits Clause in Contracts

Medical and Dental Benefits. If Employee's employment by the Company or any subsidiary or successor of the Company is terminated because of Death, Disability, or Involuntary Termination, then to the extent that Employee or any of Employee's dependents may be covered under the terms of any medical and dental plans of the Company (or any subsidiary) immediately prior to the termination, the Company will provide Employee and those dependents with the same or equivalent coverages until three (3) months after any such termination of employment. The Company may, at its election, procure such coverages apart from, and outside of the terms of, the plans applicable to other employees. The Company's obligation to provide such coverages will be limited by the requirement that Employee and Employee's dependents comply with all of the conditions of the medical or dental plans applicable to employees generally and the Company is under no obligation to obtain special coverages for Employee which would not be covered by the plans applicable to employees generally. In consideration for these benefits, Employee must make contributions equal to those required from time to time from other employees for equivalent coverages under the medical or dental plans. If and to the extent that Employee is eligible to participate in a medical, dental or other health insurance plan of another employer after the termination of his employment by the Company, then the benefit provided by this section shall be eliminated or commensurately diminished.

Appears in 10 contracts

Samples: Executive Employment Agreement (Vari L Co Inc), Executive Employment Agreement (Vari L Co Inc), Executive Employment Agreement (Vari L Co Inc)

AutoNDA by SimpleDocs

Medical and Dental Benefits. If Employee's Executive’s employment by the Company or any subsidiary or successor of the Company is terminated because of Deathdeath, Disability, or Involuntary Termination, then to the extent that Employee Executive or any of Employee's Executive’s dependents may be covered under the terms of any medical and dental plans of the Company (or any subsidiary) immediately prior to the termination, the Company will provide Employee Executive and those dependents with the same or equivalent coverages until three twelve (312) months after the effective date of any such termination of employment. The Company may, at its election, procure such coverages apart from, and outside of the terms of, the plans applicable to other employees. The Company's ’s obligation to provide such coverages will be limited by the requirement that Employee Executive and Employee's Executive’s dependents comply with all of the conditions of the medical or dental plans applicable to employees generally and the Company is under no obligation to obtain special coverages for Employee Executive which would not be covered by the plans applicable to employees generally. In consideration for these benefits, Employee Executive or his estate must make contributions equal to those required from time to time from other employees for equivalent coverages under the medical or dental plans. If and to the extent that Employee Executive or any of his dependents is eligible to participate in a medical, dental or other health insurance plan of another employer after the termination of his employment by the Company, then the benefit provided by this section paragraph shall be eliminated or commensurately diminished.

Appears in 5 contracts

Samples: Executive Employment Agreement (Sirenza Microdevices Inc), Executive Employment Agreement (Sirenza Microdevices Inc), Executive Employment Agreement (Sirenza Microdevices Inc)

Medical and Dental Benefits. If Employee's Executive’s employment by the Company or any subsidiary or successor of the Company is terminated because of Deathdeath, Disability, or Involuntary Termination, then to the extent that Employee Executive or any of Employee's Executive’s dependents may be covered under the terms of any medical and dental plans of the Company (or any subsidiary) immediately prior to the termination, the Company will provide Employee Executive and those dependents with the same or equivalent coverages until three twelve (312) months after the effective date of any such termination of employment. The Company may, at its election, procure such coverages apart from, and outside of the terms of, the plans applicable to other employees. The Company's ’s obligation to provide such coverages will be limited by the requirement that Employee Executive and Employee's Executive’s dependents comply with all of the conditions of the medical or dental plans applicable to employees generally and the Company is under no obligation to obtain special coverages for Employee Executive which would not be covered by the plans applicable to employees generally. In consideration for these benefits, Employee Executive or her estate must make contributions equal to those required from time to time from other employees for equivalent coverages under the medical or dental plans. If and to the extent that Employee Executive or any of her dependents is eligible to participate in a medical, dental or other health insurance plan of another employer after the termination of his her employment by the Company, then the benefit provided by this section paragraph shall be eliminated or commensurately diminished.

Appears in 1 contract

Samples: Executive Employment Agreement (Sirenza Microdevices Inc)

Medical and Dental Benefits. If EmployeeExecutive's employment by the Company or any subsidiary or successor of the Company is terminated because of Deathdeath, Disability, or Involuntary Termination, then to the extent that Employee Executive or any of EmployeeExecutive's dependents may be covered under the terms of any medical and dental plans of the Company (or any subsidiary) immediately prior to the termination, the Company will provide Employee Executive and those dependents with the same or equivalent coverages until three twelve (312) months after the effective date of any such termination of employment. The Company may, at its election, procure such coverages apart from, and outside of the terms of, the plans applicable to other employees. The Company's obligation to provide such coverages will be limited by the requirement that Employee Executive and EmployeeExecutive's dependents comply with all of the conditions of the medical or dental plans applicable to employees generally and the Company is under no obligation to obtain special coverages for Employee Executive which would not be covered by the plans applicable to employees generally. In consideration for these benefits, Employee Executive or his estate must make contributions equal to those required from time to time from other employees for equivalent coverages under the medical or dental plans. If and to the extent that Employee Executive or any of his dependents is eligible to participate in a medical, dental or other health insurance plan of another employer after the termination of his employment by the Company, then the benefit provided by this section paragraph shall be eliminated or commensurately diminished.

Appears in 1 contract

Samples: Executive Employment Agreement (Sirenza Microdevices Inc)

AutoNDA by SimpleDocs

Medical and Dental Benefits. If Employee's employment by the Company or any subsidiary or successor of the Company is terminated because of Death, Disability, or Involuntary Termination, then to the extent that Employee or any of Employee's dependents may be covered under the terms of any medical and dental plans of the Company (or any subsidiary) immediately prior to the termination, the Company will provide Employee and those dependents with the same or equivalent coverages until three (3) months after any such termination of employment. The Company may, at its election, procure such coverages apart from, and outside of the terms of, the plans applicable to other employees. The Company's obligation to provide such coverages will be limited by the requirement that Employee and Employee's dependents comply with all of the conditions of the medical or dental plans applicable to employees generally and the Company is under no obligation to obtain special coverages for Employee which would not be covered by the plans applicable to employees generally. In consideration for these benefits, Employee must make contributions equal to those required from time to time from other employees for equivalent coverages under the medical or dental plans. If and to the extent that Employee is eligible to participate in a medical, dental or other health insurance plan of another employer after the termination of his employment by the Company, then the benefit provided by this section shall be eliminated or commensurately diminished. apart from, and outside of the terms of, the plans applicable to other employees.

Appears in 1 contract

Samples: Executive Employment Agreement (Vari L Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!