Other Plan Benefits. (a) The Company will timely pay the Executive all salary and other benefits earned up through his or her employment termination date including under the terms of any incentive or other compensation or benefit plan or arrangement of the Company. (b) The Company shall be obligated to and agrees to satisfy, subject to the terms and conditions thereof, the Executive’s earned or vested rights and benefits under all qualified, nonqualified and supplemental retirement, 401(k), savings, deferred compensation, executive, employee and retiree medical, dental and health plans, and other health, welfare or benefit plans of the Company. (c) The health, medical and dental coverage which the Company is obligated to provide for the Executive, under the Severance Agreement or CIC Agreement or pursuant to any executive, employee or retiree health, medical or dental plan or arrangement, will be provided to the Executive and his or her family such that neither the benefits provided thereunder nor any and all premiums therefor or the value thereof shall be taxable to the Executive or his or her family for U.S. federal income tax purposes, including the obligation of the Company to provide such health, medical and dental coverage and benefits on an insured basis so as not to cause benefits thereunder or premiums therefor or the value thereof to be taxable to the Executive or his family as a discriminatory “self-insured medical reimbursement plan” within the broad meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor Code provision.
Appears in 1 contract
Samples: Severance Agreement (Talbots Inc)
Other Plan Benefits. (a) The Company will timely pay the Executive all salary and other benefits earned up through his or her employment termination date including under the terms of any incentive or other compensation or benefit plan or arrangement of the Company.
(b) The Company shall be obligated to and agrees to satisfy, subject to the terms and conditions thereof, the Executive’s earned or vested rights and benefits under all qualified, nonqualified and supplemental retirement, 401(k401 (k), savings, deferred compensation, executive, employee and retiree medical, dental and health plans, and other health, welfare or benefit plans of the Company.
(c) The health, medical and dental coverage which the Company is obligated to provide for the Executive, under the Severance Agreement or CIC Agreement or pursuant to any executive, employee or retiree health, medical or dental plan or arrangementarrangement including the Executive Medical/Dental Plan and the Retiree Executive Medical/Dental Plan, will be provided to the Executive and his or her family such that neither the benefits provided thereunder nor any and all premiums therefor or the value thereof shall be taxable to the Executive or his or her family for U.S. federal income tax purposes, including the obligation of the Company to provide such health, medical and dental coverage and benefits on an insured basis so as not to cause benefits thereunder or premiums therefor or the value thereof to be taxable to the Executive or his family as a discriminatory “self-insured medical reimbursement plan” within the broad meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor Code provision.
Appears in 1 contract
Samples: Severance Agreement (Talbots Inc)
Other Plan Benefits. (a) The Company will timely pay the Executive all salary and other benefits earned up through his or her employment termination date including under the terms of any incentive or other compensation or benefit plan or arrangement of the Company.
(b) The Company shall be obligated to and agrees to satisfy, subject to the terms and conditions thereof, the Executive’s earned or vested rights and benefits under all qualified, nonqualified and supplemental retirement, 401(k401 (k), savings, deferred compensation, executive, employee and retiree medical, dental and health plans, and other health, welfare or benefit plans of the Company.
(c) The health, medical and dental coverage which the Company is obligated to provide for the Executive, under the Severance Agreement or CIC Agreement or pursuant to any executive, employee or retiree health, medical or dental plan or arrangement, will be provided to the Executive and his or her family such that neither the benefits provided thereunder nor any and all premiums therefor or the value thereof shall be taxable to the Executive or his or her family for U.S. federal income tax purposes, including the obligation of the Company to provide such health, medical and dental coverage and benefits on an insured basis so as not to cause benefits thereunder or premiums therefor or the value thereof to be taxable to the Executive or his her family as a discriminatory “self-insured medical reimbursement plan” within the broad meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor Code provision.
Appears in 1 contract
Samples: Severance Agreement (Talbots Inc)
Other Plan Benefits. (a) The Company will timely pay the Executive all salary and other benefits earned up through his or her employment termination date including under the terms of any incentive or other compensation or benefit plan or arrangement of the Company.,
(b) The Company shall be obligated to and agrees to satisfy, subject to the terms and conditions thereof, the Executive’s earned or vested rights and benefits under all qualified, nonqualified and supplemental retirement, 401(k), savings, deferred compensation, executive, employee and retiree medical, dental and health plans, and other health, welfare or benefit plans of the Company.
(c) The health, medical and dental coverage which the Company is obligated to provide for the Executive, under the Severance Agreement or CIC Agreement or pursuant to any executive, employee or retiree health, medical or dental plan or arrangement, will be provided to the Executive and his or her family such that neither the benefits provided thereunder nor any and all premiums therefor or the value thereof shall be taxable to the Executive or his or her family for U.S. federal income tax purposes, including the obligation of the Company to provide such health, medical and dental coverage and benefits on an insured basis so as not to cause benefits thereunder or premiums therefor or the value thereof to be taxable to the Executive or his family as a discriminatory “self-insured medical reimbursement plan” within the broad meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor Code provision.
Appears in 1 contract
Samples: Severance Agreement (Talbots Inc)
Other Plan Benefits. (a) The Company will timely pay the Executive all salary and other benefits earned up through his or her employment termination date including under the terms of any incentive or other compensation or benefit plan or arrangement of the Company.
(b) The Company shall be obligated to and agrees to satisfy, subject to the terms and conditions thereof, the Executive’s earned or vested rights and benefits under all qualified, nonqualified and supplemental retirement, 401(k), savings, deferred compensation, executive, employee and retiree medical, dental and health plans, and other health, welfare or benefit plans of the Company.
(c) The health, medical and dental coverage which the Company is obligated to provide for the Executive, under the Severance Agreement or CIC Agreement or pursuant to any executive, employee or retiree health, medical or dental plan or arrangement, will be provided to the Executive and his or her family such that neither the benefits provided thereunder nor any and all premiums therefor or the value thereof shall be taxable to the Executive or his or her family for U.S. federal income tax purposes, including the obligation of the Company to provide such health, medical and dental coverage and benefits on an insured basis so as not to cause benefits thereunder or premiums therefor or the value thereof to be taxable to the Executive or his her family as a discriminatory “self-insured medical reimbursement plan” within the broad meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor Code provision.
Appears in 1 contract
Samples: Severance Agreement (Talbots Inc)