Post-Retirement Insurance Benefits. An individual who is employed as a teacher by the Center Grove Community School Corporation at the time of retirement or severance from employment will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below:
Post-Retirement Insurance Benefits. If the Executive would have become entitled to benefits under any Company post-retirement health care or life insurance plans, as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, had the Executive’s employment terminated at any time during the period of eighteen (18) months after the Date of Termination, the Company shall provide such post-retirement health care or life insurance benefits to the Executive and the Executive’s dependents commencing on the later of (i) the date on which such coverage would have first become available and (ii) the date on which benefits described in subsection (B) of this Section 6.1 terminate.
Post-Retirement Insurance Benefits. If Mr. Lestina ceases to be employed with the Cxxxxxx (xxxluding by reason of his death) at any time after his attaining age 55 and while he is then an officer and a director of the Company (unless his employment is terminated by the Company for Good Cause), the Company will continue to provide, during the Post Retirement Period (as defined below), at no cost to Mr. Lestina, coverage for Mr. Lestina and hix xxxxxx xxder the employee heaxxx, xedical and life insurance plans maintained by the Company for its most senior executive personnel, in accordance with the terms of such plans as the same may exist and be in effect from time to time during the Post Retirement Period. The "Post Retirement Period" means the period from the date of the termination of Mr. Lestina's employment until the earliest of (i) xxxx xn which he attains (or would have attained) age 65, (ii) the date on which he accepts other employment the terms of which include a health or medical insurance benefit reasonably comparable to that to be provided under this Section 2, or (iii) the date on which he accepts other employment in violation of, or otherwise breaches or violates the provisions of, Section 4 hereof. In the event of Mr. Lestina's death prior to the end of the Xxxx Xxxxxxxxnt Period, the benefits to be provided under this Section 2 will be provided to his spouse until the date on which Mr. Lestina would have attained age 65, or, xx xxxxxxx, the date of his spouse's remarriage.
Post-Retirement Insurance Benefits. Retirees shall not be eligible for continued participation in the District’s group health insurance plan, except as provided by COBRA.
