Medical and Health Benefit Continuation. For a --------------------------------------- period of ten years after the Entitlement Date and without cost to the Executive and/or his family, the Company shall continue medical and health benefits to the Executive and/or the Executive's family at least equal to those which were being provided to them prior to the Date of Termination; provided, however, that if the Executive ----------------- becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility.
Medical and Health Benefit Continuation. The Executive will be entitled to the continuation for two (2) years after the Entitlement Date of medical and health benefits to the Executive and/or the Executive's family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(e) if the Executive's employment had not been terminated; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer- provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility.
Medical and Health Benefit Continuation. For the --------------------------------------- remainder of the Employment Period (but in no case less than one (1) year after the Date of Termination), or such longer period as any plan, program, practice or policy may provide, the Company shall continue medical and health benefits to the Executive and/or the Executive's family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(d) if the Executive's employment had not been terminated, in accordance with the plans, practices, programs or policies of the
Medical and Health Benefit Continuation. For a period of two years beginning on the Date of Termination, the Company shall continue medical and health benefits to the Executive and/or the Executive’s family at least equal to those which would have been provided to them if the Executive’s employment had not been terminated, in accordance with the plans, practices, programs or policies of the Company as those provided generally to other peer executives and their families; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. In the event Executive is able to obtain medical and health care coverage from a third party for the duration of such coverage period that is at least as good in all material respects as that described in the immediately preceding sentence, Executive agrees to accept, in lieu of such Company provided medical and health benefits, a lump sum cash payment in an amount equal in value to the entire cost to Executive on an after-tax basis of such alternate medical and health care coverage.
Medical and Health Benefit Continuation. For a period of two ---------------------------------------- years beginning on the Date of Termination, or such longer period as any plan, program, practice or policy may provide, the Company shall continue medical and health benefits to the Executive and/or the Executive's family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4 (d) if the Executive's employment had not been terminated, in accordance with the plans, practices, programs or policies of the Company as those provided generally to other peer executives and their families; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. In the event Executive is able to obtain medical and health care coverage from a third party for the duration of such coverage period that is at least as good in all material respects as that described in the immediately preceding sentence, Executive agrees to accept, in lieu of such Company provided medical and health benefits, a lump sum cash payment in an amount equal in value to the entire cost to Executive on an after-tax basis of such alternate medical and health care coverage.
Medical and Health Benefit Continuation. The Executive will be entitled to a cash payment by the Company to the Executive to enable the Executive to purchase two (2) years of medical and health benefits continuation coverage for the Executive and/or the Executive’s eligible family members who are receiving such coverage on the Date of Termination at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(e) if the Executive’s employment had not been terminated; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. The Company shall, on a monthly basis commencing in the month immediately subsequent to the month in which the Entitlement Date occurs and ending with the last month for which the Executive is entitled to the continuation of such medical and health benefits, pay to the Executive an amount equal to the COBRA premium applicable to such coverage plus a tax gross-up amount and shall remit the net after-tax amount to the medical plan on the Executive’s behalf.
Medical and Health Benefit Continuation. For a ---------------------------------------- period of the longer of the number of years beginning on the Date of Termination and terminating on the date that the Executive reaches his sixty-fifth (65th) birthday, or ten years beginning on the Date of Termination, or such longer period as any plan, program, practice or policy may provide, the Company shall continue medical and health benefits to the Executive (and/or to such members of the Executive's family as are currently covered pursuant to a Company sponsored medical and health benefit plan on the Date of Termination) on such terms and conditions substantially similar to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(d) if the Executive's employment had not been terminated, in accordance with the plans, practices, programs or policies of the Company as those provided generally to other peer executives and their families; provided, however, that if the ----------------- Executive becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. In the event Company is able to obtain medical and health care coverage from a third party for the duration of such coverage period that is at least as good in all material respects as that described in the immediately preceding sentence and is acceptable to Executive (which consent shall not be unreasonably withheld), Executive agrees to accept, in lieu of such Company provided medical and health benefits, a lump sum cash payment in an amount equal in value to the entire cost to Executive on an after-tax basis of such alternate medical and health care coverage.
Medical and Health Benefit Continuation. With respect to the twelve (12) month period immediately following the Date of Termination, the Company shall reimburse the Executive, on a monthly basis, for that portion of the cost incurred by the Executive to continue the Executive’s then existing coverage under the Company’s group health insurance plan after the Date of Termination equal to the portion paid for by the Company for such coverage immediately prior to the Date of Termination, provided the Executive timely elects COBRA continuation coverage; provided, however, that if the Executive becomes employed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, program, practice or policy then this benefit shall cease; and provided further that to the extent necessary to avoid the tax consequences of Section 409A of the Code, and with the consent of the Executive, the Company will not make any reimbursement payment to the Executive that otherwise would be due prior to the day after the six (6) month anniversary of the Date of Termination, in which case the Company will make a catch up payment for all amounts previously paid by the Executive that were eligible or reimbursement.
Medical and Health Benefit Continuation. For each year that the Executive is employed by the Company prior to termination of his employment, the Executive will be entitled after termination to a cash payment by the Company to the Executive to enable the Executive to purchase two (2) years (up to a maximum of ten (10) years in the aggregate) of medical and health benefits continuation coverage for the Executive and the Executive’s eligible family members who are receiving such coverage on the Date of Termination at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(g) if the Executive’s employment had not been terminated; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. The Company shall, on a monthly basis commencing in the month immediately subsequent to the month in which the Date of Termination occurs and ending with the last month for which the Executive is entitled to the continuation of such medical and health benefits, pay to the Executive an amount equal to the COBRA premium applicable to such coverage plus a tax gross-up amount and shall remit the net after-tax amount to the medical plan on the Executive’s behalf.
6. Section 4.1(d) is amended to add the following sentence to the end of said Section: Any such amounts or benefits shall be payable in the time and manner provided under the applicable plan, program or arrangement.
Medical and Health Benefit Continuation. For each year that the Executive is employed by the Company prior to termination of his employment, the Executive will be entitled to a cash payment by the Company to the Executive to enable the Executive to purchase two (2) years (up to a maximum of ten (10) years in the aggregate) of medical and health benefits continuation coverage for the Executive and the Executive’s eligible family members who are receiving such coverage on the Date of Termination at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 2.4(g) if the Executive’s employment had not been terminated; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or health benefits under another employer-provided plan, the medical and health benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. The Company shall, on a monthly basis commencing in the month immediately subsequent to the month in which the Entitlement Date occurs and ending with the last month for which the Executive is entitled to the continuation of such medical and health benefits, pay to the Executive an amount equal to the COBRA premium applicable to such coverage plus a tax gross-up amount and shall remit the net after-tax amount to the medical plan on the Executive’s behalf. In no event shall benefits under this Section 4.2(d) be provided for any period such benefits are provided under Section 4.1(c).
9. Section 4.2(e) is amended to add the following to the end of said Section: Any such amounts or benefits shall be payable in the time and manner provided under the applicable plan, program or arrangement.
10. Section 4.2(f) is amended to add the following new paragraph to the end of said Section: Any Gross-Up Payment required under this Section 4.2(f) shall be made on the first day of the month in which the Executive is required to remit such taxes to the required taxing authority. In no event will any such Gross-Up Payment be paid to Executive later than the end of the Executive’s taxable year following the Executive’s taxable year in which the related taxes are remitted to the required taxing authority.
11. Section 4.3 is amended to add the following to the end of the last sentence of said Section: , in the time and manner provided in each such plan, policy or arrangement.
