Other Post-Termination Benefits. In the event of the Executive’s termination of employment for reasons that would entitle the Executive to the Severance Amount under Section 6(b)(i) above, the Executive and his eligible family members will be entitled to continuing medical and dental coverage under Internal Revenue Code Section 4980B (“COBRA”), provided however, that the Company and/or the Bank shall pay the Bank’s applicable percentage of such cost (i.e., the Bank’s co-payment percentage) for the Executive’s (and, to the extent eligible, the Executive’s family members’) toward continuing medical and dental coverage, as in effect on the Termination Date, and as amended from time to time thereafter, for a period of twelve (12) months following such Termination Date, to the extent that the Executive and his family members elect COBRA continuation coverage for such period. In the event that paying the cost of such coverage on a non-taxable basis would result in penalties or excise taxes to the Bank or the Bank is unable to provide such coverage on a non-taxable basis, then the cost of any such COBRA coverage which is funded by the Bank shall be includable in the taxable income of the Executive. In addition, following any termination of employment under this Section 6(b), the Bank will pay to the Executive, in a single lump sum cash distribution, an amount equal to the estimated cost to the Bank of providing life insurance coverage for a period of one (1) year following the Executive’s Termination Date (based on the cost of providing such coverage to Executive immediately prior to his Termination Date). The lump sum cash payments described above shall be paid to the Executive within the thirty (30) day period (or sixty (60) day period, as applicable) following the Termination Date, provided however, if, at the Termination Date, the Executive is a Specified Employee as defined in Treasury Regulation Section 1.409A-1(i), then, solely to the extent required to avoid taxes and penalties under Section 409A of the Code, such payment shall be made within the first thirty (30) days after the first day of the seventh calendar month commencing after such Termination Date; The Bank may condition the provision of the Severance Benefits on the Executive signing a Release Agreement in substantially the form of Exhibit A (the “Release Agreement”) within twenty-one (21) days (or forty-five (45) days in certain conditions, in accordance with applicable law) after it is tendered and not revoking the Release Ag...
Other Post-Termination Benefits. In the event of any Termination without Cause of the Executive’s employment under Section 4(a), above, or any Termination for Good Reason by Executive of his own employment under Section 4(b), above, Executive and his family will no longer be eligible, on and after the Termination Date, to participate in any employee benefit plans, arrangements and perquisites of the Company and/or the Bank, subject to their rights to continuing medical and dental coverage under COBRA, provided however, that the Company and/or the Bank shall pay the cost of Executive’s (and, to the extent eligible under the terms of the applicable plans, Executive’s family members’) continuing medical and dental coverage, as in effect on the Termination Date, and as amended from time to time thereafter, for a period of eighteen (18) months following such Termination Date (the “COBRA Period”), to the extent that Executive and his family members elect COBRA continuation coverage for such period (with the cost of any such COBRA coverage which is self-funded by the Company and/or the Bank to be includable in the taxable income of Executive). In addition, following any termination of employment under this Section 4, the Bank or its successor will pay to Executive, in a single lump sum cash distribution, an amount equal to the sum of:
Other Post-Termination Benefits. In the event any Termination Following a Change-in-Control under this Section 6 becomes effective, Executive and his family will no longer be eligible, on or after the Termination Date, to participate in any employee benefit plans, arrangements and perquisites of the Company and/or the Bank, subject to their rights to continuing medical and dental coverage under COBRA. The Bank shall pay the cost of Executive’s (and, to the extent eligible under the terms of the applicable plans, Executive’s family members’) medical and dental coverage, as in effect on the Termination Date, and as amended from time to time thereafter, for a period of eighteen (18) months following such Termination Date (the “COBRA Period”), to the extent that Executive and his family members elect COBRA continuation coverage for such period (with the cost of any such COBRA coverage which is self-funded by the Company and/or the Bank to be includable in the taxable income of Executive). In addition, following any termination of employment under this Section 6, the Bank or its successor will pay to Executive, in a single lump sum cash distribution, an amount equal to the sum of:
Other Post-Termination Benefits. In the event of any termination without Cause of the Executive’s employment under Section 5(d), above, or any termination for Good Reason by the Executive of his own employment under Section 5(e), above, the Company shall pay an additional cash lump sum payment to the Executive equal to the Company’s applicable percentage of such cost (i.e., the Company’s co-payment percentage) that would have been payable for a period of thirty-six (36) months on behalf of Executive (and, to the extent eligible under the terms of the applicable plans, the Executive’s family members’), for continuing life, medical and dental coverage, based on the costs in effect for the Executive on the Termination Date. To the extent that the Executive and/or his family members elect COBRA continuation coverage for any period after the Executive’s termination, such cost will be paid, on a taxable basis, by the Executive. Such amount shall be paid to the Executive within the thirty (30) day period (or sixty (60) day period, as applicable) following the Termination Date, provided however, if, at the Termination Date, the Executive is a Specified Employee as defined in Section 8(a) hereof, then, solely to the extent required to avoid taxes and penalties under Section 409A of the Code, such payment shall be made within the first thirty (30) days after the first day of the seventh calendar month commencing after such Termination Date.
Other Post-Termination Benefits. In the event of Executive’s Termination without Cause under Section 4(a), above, or Termination for Good Reason under Section 4(b) above, Executive shall become immediately vested in any outstanding unvested equity or equity-based awards granted to Executive.
Other Post-Termination Benefits. In the event of the Executive’s termination of employment for reasons that would entitle the Executive to the Severance Amount under Section 6(b)(i) above, the Executive and his eligible family members will be entitled to continuing medical and dental coverage under Internal Revenue Code Section 4980B (“COBRA”), provided however, that the Bank and/or the Company shall pay the Company’s applicable percentage of such cost (i.e., the Company’s co-payment percentage) for the Executive (and, to the extent eligible, the Executive’s family members’) toward continuing medical and dental coverage, as in effect on the Termination Date, and as amended from time to time thereafter, for a period of eighteen (18) months following such Termination Date (the “COBRA Period”), to the extent that the Executive and his family members elect COBRA continuation coverage for such period. In the event that paying the cost of such coverage on a non-taxable basis would result in penalties or excise taxes to the Company or the Company is unable to provide such coverage on a non-taxable basis, then the cost of any such COBRA coverage which is funded by the Company shall be includable in the taxable income of the Executive. In addition, following any termination of employment under this Section 6(b), the Company will pay to the Executive, in a single lump sum cash distribution, an amount equal to the sum of the estimated costs of:
Other Post-Termination Benefits. For the period commencing with Executive’s Termination of Employment for any reason other than for Cause and ending on the first to occur of (i) the third anniversary of the Termination Date or (ii) twelve months following Executive’s death, the Company shall provide Executive personal income tax, financial counseling and estate planning services as reasonably requested by Executive and consistent with the Company’s practices for senior executives of the Company from time to time.
Other Post-Termination Benefits. With the exception of the compensation and benefits described in Paragraph 2 above, Employee shall have the same rights and obligations as other similarly-situated employees who experience a termination in employment with respect to any benefit plans in which Employee is a participant or beneficiary, including the Aflac Incorporated Pension Plan and the Aflac Incorporated 401(k) Savings and Profit Sharing Plan. Except as expressly set forth in this Agreement, for all employee insurance or welfare benefits in which Employee currently participates, regular coverage shall cease on the Resignation Date, at which time the Employee will be offered any applicable continuation coverage. In addition, the Company shall continue to honor all Equity Awards (as defined in Paragraph 9 of Employee’s August 19, 2015 Amended and Restated Employment Agreement), subject to the terms thereof, which have been granted to Employee and are fully vested prior to the Resignation Date. Notwithstanding anything to the contrary contained in a stock option award agreement or notice of stock option grant, all outstanding stock options held by Employee that were vested as of the Resignation Date shall remain outstanding and exercisable for a period of three (3) months following the Resignation Date. Employee also agrees to submit to the Company any and all requests for reimbursement of business expenses incurred by Employee prior to the Effective Date. The Company shall review and reimburse Employee for such business expenses in the normal course of business, but no later than ninety (90) days after the Effective Date.
Other Post-Termination Benefits. In addition to any payments or benefits to which the Executive may become entitled under this Agreement, upon the termination of the Executive's employment (including, without limitation, termination of the Executive's employment upon expiration of the Term of this Agreement), the Executive shall receive the following:
Other Post-Termination Benefits. In the event of the Executive’s termination of employment for reasons that would entitle the Executive to the Severance Amount under Section 6(b)(i) above, the Executive and his eligible family members will be entitled to continuing medical and dental coverage under Internal Revenue Code Section 4980B (“COBRA”), provided however, that the Company and/or the Bank shall pay the Bank’s applicable percentage of such cost (i.e., the Bank’s co-payment percentage) for the Executive (and, to the extent eligible, the Executive’s family members’) toward continuing medical and dental coverage, as in effect on the Termination Date, and as amended from time to time thereafter, for a period of eighteen (18) months following such Termination Date (the “COBRA Period”), to the extent that the Executive and his family members elect COBRA continuation coverage for such
