Medical Insurance Continuation. Employer shall continue to provide (under COBRA) medical insurance as in effect prior to such termination for twelve (12) months following such termination, and Employer shall bear all costs for such insurance.
Medical Insurance Continuation. For a period of 18 months commencing on the Date of Termination, the Company shall continue to keep in full force and effect all policies of medical insurance with respect to the Executive and his or her dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Date of Termination (such coverage, the “Date of Termination Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of the Company and its affiliated companies, and the Company and the Executive shall share the costs of the continuation of such insurance coverage in the same proportion as such costs were shared immediately prior to the Date of Termination, provided, however, that the Company’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the Date of Termination Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state law.
Medical Insurance Continuation. Employer shall continue to provide medical insurance as in effect prior to such termination for (X) the remainder of the term of this Agreement as it may be extended from time to time in the event such termination occurs before the second anniversary of this Agreement or (Y) twelve (12) months in the event such termination occurs after the second anniversary of this Agreement, PROVIDED that Employee's right to such benefits shall cease immediately upon the commencement of employment with a new employer.
Medical Insurance Continuation. If Employee elects to continue coverage for himself and his family under the Company’s group medical plan pursuant to COBRA, the Company shall pay the premiums to continue such coverage from the Separation Date through June 2014, including continued coverage for Employee’s family during that period in the event Employee dies before June 30, 2014. Thereafter, Employee shall be solely responsible for any COBRA payments or continued coverage under the Company’s medical plan (under the terms of COBRA).
Medical Insurance Continuation. Subject to Section 3(d), for a period of 18 months commencing on the Termination Date during which the Executive would be entitled to continuation coverage under Section 4980B of the Code (“COBRA”) (without regard to any extensions of such period by reason of disability or subsequent qualifying events occurring after the Termination Date) the Company shall continue to keep in full force and effect all policies of medical insurance with respect to the Executive and his or her dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Termination Date (such coverage, the “Termination Date Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of the Company and its affiliated companies, and the Company and the Executive shall share the costs of the continuation of such insurance coverage in the same proportion as such costs were shared immediately prior to the Termination Date, provided, however, that the Company’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the Termination Date Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under COBRA, or any similar state law.
Medical Insurance Continuation. Employee acknowledges that Employer no longer provides benefits under the Retiree Medical Plan which it previously maintained and that neither Employee nor Employee's dependents are entitled to any benefits thereunder. If Employee is not entitled to Medicare benefits, Employee will be entitled to continue participation for a limited period of time in Employer's Group Medical Plan, Group Dental Plan and/or Executive Medical Plan under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Detailed information concerning the costs and procedures applicable to such insurance coverage will be provided separately by Employer.
Medical Insurance Continuation. For a period of 18 months commencing on the Termination Date, SHI shall allow the Executive and his eligible dependents to participate in the group medical coverage made available by SHI or one of its affiliates to active employees of SHI during such 18-month period (such coverage, the “SHI Coverage”) and SHI and the Executive shall share the costs of the continuation of such medical coverage in the same proportion as such costs were shared immediately prior to the Termination Date, provided, however, that SHI’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the SHI Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state law. Executive Outplacement. SHI will pay for and provide to the Executive outplacement services with an outplacement firm reasonably selected by the Executive, provided that SHI shall not be responsible to pay for such services to the extent such services (i) exceed $12,000 or (ii) are provided more than one year following the Termination Date. THIS AGREEMENT is entered into as of , 2006 (the “Effective Date”) by and between Regis Corporation, a Minnesota corporation, and Xxxx Xxxxxxxxxxxx (the “Executive”).
Medical Insurance Continuation. For a period of 18 months commencing on the Date of Termination (the “Coverage Period”), SHI shall continue to keep in full force and effect all policies of medical insurance with respect to the Executive and his or her dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Date of Termination (such coverage, the “Date of Termination Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of SHI and its affiliated companies and SHI and the Executive shall share the costs of the continuation of such insurance coverage in the same proportion as such costs were shared immediately prior to the Date of Termination. Following the expiration of the Coverage Period, the Executive and his or her dependents shall no longer be eligible to participate in the Date of Termination Coverage plans, and in lieu of such participation, on the first day of the month following the expiration of the Coverage Period, SHI shall pay to Executive a lump sum cash payment equal to SHI’s full monthly cost for Date of Termination Coverage on the last day of the Coverage Period times (i) 18 if the Date of Termination was prior to the second anniversary of the Effective Time, or (ii) six if the Date of Termination was on or after the second anniversary of the Effective Time. SHI’s obligation to continue to provide benefits during the Coverage Period or any cash payment thereafter shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the Date of Termination Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state law.
Medical Insurance Continuation. Employer’s Group Medical Plan allows Employer to include under such plan coverage for consultants to the Employer and their dependents. As provided below, Employee will enter into a consulting agreement with Employer and provide consulting services to Employer for two years. Employer will take those steps necessary to include coverage for Employee and his eligible dependents under Employer’s Group Medical Plan for 2007 and 2008 on the same terms as Employee would be entitled were he an employee of the Employer for 2007 and 2008. Employer acknowledges that following 2008 Employee will be entitled to continue participation for a limited period of time in Employer’s Group Medical Plan under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Detailed information concerning the costs and procedures applicable to such insurance coverage will be provided separately by Employer.
Medical Insurance Continuation. After the Termination Date, Employee and Employee's spouse will be entitled to continue group medical insurance coverage under Employer's Retiree Medical Plan. Premiums for such coverage will be approximately equal to those paid by Employee for participation in Employer's Medical Plan prior to the Termination Date. Employer reserves the right, pursuant to the terms of its Retiree Medical Plan, to amend or eliminate provision of retiree group medical insurance in the future. If Employee is not entitled to Medicare benefits and does not elect coverage under the Retiree Medical Plan, Employee will be entitled to continue participation for a limited period of time in Employer's Group Medical Plan, Group Dental Plan and/or Executive Medical Plan under the Consolidated Omnibus Budget Reconciliation Act of 1985. Detailed information concerning the costs and procedures applicable to such alternate insurance coverage will be provided separately by Employer.
