Common use of Post-Continuation Period Benefits Clause in Contracts

Post-Continuation Period Benefits. The Executive shall have the right, in his sole discretion, to extend the medical, vision, dental, health and prescription drugs insurance benefits provided under the Employment Agreement after the expiration of the Continuation Period for an indefinite period of time; provided, however, the Company will not bear the premiums related to such insurance after the expiration of the Continuation Period, but the Company shall use its best efforts to obtain the group rate or otherwise to negotiate a low rate for participation in such insurance for the Executive.

Appears in 4 contracts

Samples: Employment Agreement (Prentiss Properties Trust/Md), Employment Agreement (Prentiss Properties Trust/Md), Employment Agreement (Brandywine Realty Trust)

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