Common use of Post-Retirement Insurance Benefits Clause in Contracts

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.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp)

AutoNDA by SimpleDocs

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 twelve (1812) 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.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp)

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 twenty-four (1824) 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.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Sapient Corp)

AutoNDA by SimpleDocs

Post-Retirement Insurance Benefits. If the Executive would have become entitled to benefits under any Company Subsidiary 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 Subsidiary 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.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Sapient Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!