Common use of Medical and Dental Insurance Clause in Contracts

Medical and Dental Insurance. If Executive elects to continue his current medical and dental family coverage under Company's Medical and Dental Plans, the Company shall pay for the Company's portion of the premiums for the period beginning on the date of termination of employment through the date payments to Executive cease pursuant to Section 8(f)(iii) hereof and the Executive shall pay for the Executive's current portion of the premiums for said coverage. Notwithstanding the above, at such time as Executive secures new employment providing medical and dental coverage, Executive shall promptly notify Company and the Company's obligation to pay the Company's portion of the premiums for coverage will cease. At the end of either such periods, Executive may elect to continue such COBRA coverage for the applicable COBRA period, at his own expense, in accordance with the terms of the Company's Medical and Dental Plans.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Sequa Corp /De/)

AutoNDA by SimpleDocs

Medical and Dental Insurance. If Executive elects to continue his current medical and dental family coverage under Company's ’s Medical and Dental Plans, the Company shall pay for the Company's ’s portion of the premiums for the period beginning on the date of termination of employment through the date payments to Executive cease pursuant to Section 8(f)(iii8(d)(iii) hereof and the Executive shall pay for the Executive's ’s then-current portion of the premiums for said coverage. Notwithstanding the above, at such time as Executive secures new employment providing medical and dental coverage, Executive shall promptly notify Company and the Company's ’s obligation to pay the Company's ’s portion of the premiums for coverage will cease. At the end of either such periodsthe applicable period, Executive may elect to continue such COBRA coverage for the applicable COBRA period, at his own expense, in accordance with the terms of the Company's ’s Medical and Dental Plans.

Appears in 2 contracts

Samples: Employment Agreement (Sequa Corp /De/), Employment Agreement (Sequa Corp /De/)

Medical and Dental Insurance. If Executive elects to continue his current medical and dental family coverage under Company's Medical and Dental Plans, the Company shall pay for the Company's portion of the premiums for the period beginning on the date of termination of employment through the date payments to Executive cease pursuant to Section 8(f)(iii8(d)(iii) hereof and the Executive shall pay for the Executive's then-current portion of the premiums for said coverage. Notwithstanding the above, at such time as Executive secures new employment providing medical and dental coverage, Executive shall promptly notify Company and the Company's obligation to pay the Company's portion of the premiums for coverage will cease. At the end of either such periodsthe applicable period, Executive may elect to continue such COBRA coverage for the applicable COBRA period, at his own expense, in accordance with the terms of the Company's Medical and Dental Plans.

Appears in 2 contracts

Samples: Employment Agreement (Sequa Corp /De/), Employment Agreement

AutoNDA by SimpleDocs

Medical and Dental Insurance. If Executive elects to continue his current medical and dental family coverage under Company's ’s Medical and Dental Plans, the Company shall pay for the Company's ’s portion of the premiums for the period beginning on the date of termination of employment through the date payments to Executive cease pursuant to Section 8(f)(iii) hereof and the Executive shall pay for the Executive's ’s current portion of the premiums for said coverage. Notwithstanding the above, at such time as Executive secures new employment providing medical and dental coverage, Executive shall promptly notify Company and the Company's ’s obligation to pay the Company's ’s portion of the premiums for coverage will cease. At the end of either such periods, Executive may elect to continue such COBRA coverage for the applicable COBRA period, at his own expense, in accordance with the terms of the Company's ’s Medical and Dental Plans.

Appears in 2 contracts

Samples: Employment Agreement (Sequa Corp /De/), Employment Agreement (Sequa Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.