Common use of Post-Termination Insurance Coverage Clause in Contracts

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association shall continue or cause to be continued at the Association’s expense health and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employment. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the Association’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Company shall continue or cause to be continued at the AssociationCompany’s expense health and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Company or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employment. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Company shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationCompany’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Bank shall continue or cause to be continued at the AssociationBank’s expense health medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Bank or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section Section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Bank shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationBank’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Corporation shall continue or cause to be continued at the AssociationCorporation’s expense health medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Corporation or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section Section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Corporation shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationCorporation’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Employer shall continue or cause to be continued at the AssociationEmployer’s expense health and life medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Employer or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employer shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationEmployer’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Employer shall continue or cause to be continued at the AssociationEmployer’s expense health and life medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Employer or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section Section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employer shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationEmployer’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Employer shall continue continue, or cause to be continued at the AssociationEmployer’s expense health and life expense, medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Employer or another employer, (x) the Executive’s attainment of age 65date the Executive becomes eligible for Medicare, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section Section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employer shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationEmployer’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Company shall continue or cause to be continued at the AssociationCompany’s expense health medical and life dental insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health medical and life dental insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Company or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employment. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Company shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationCompany’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 thirty-six (36) months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Company shall continue or cause to be continued at the AssociationCompany’s expense health and life insurance benefits for the Executive and any of his her dependents covered at the time of his her termination. The health and life insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Company or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his [his/her] termination of employment. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his [his/ her] dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Company shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationCompany’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 thirty-six (36) months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Company shall continue or cause to be continued at the AssociationCompany’s expense health medical and life dental insurance benefits for the Executive and any of his her dependents covered at the time of his her termination. The health medical and life dental insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Company or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his her termination of employment. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his her dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Company shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationCompany’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 thirty-six (36) months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Bank shall continue or cause to be continued at the AssociationBank’s expense health medical and life dental insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health medical and life dental insurance benefits shall continue until the first to occur of (wi) the Executive’s return to employment with the Association Bank or another employer, (xii) the Executive’s attainment of age 65, (yiii) the Executive’s (or dependent’s) death, or (ziv) the end of the thirty-six (36) month period following his termination of employment. (b) If (xi) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (yii) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Bank (or successor to the Bank) shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationBank’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 thirty-six (36) months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Employer shall continue continue, or cause to be continued at the AssociationEmployer’s expense health and life expense, medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Employer or another employer, (x) the Executive’s attainment of age 65date at which the Executive becomes eligible for Medicare, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section Section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employer shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationEmployer’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, the Association Bank shall continue or cause to be continued at the AssociationBank’s expense health medical and life dental insurance benefits for the Executive and any of his her dependents covered at the time of his her termination. The health medical and life dental insurance benefits shall continue until the first to occur of (wi) the Executive’s return to employment with the Association Bank or another employer, (xii) the Executive’s attainment of age 65, (yiii) the Executive’s (or dependent’s) death, or (ziv) the end of the thirty-six (36) month period following his her termination of employment. (b) If (xi) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his her dependents, or (yii) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Bank (or successor to the Bank) shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationBank’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 thirty-six (36) months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s 's employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Bank shall continue or cause to be continued at the Association’s Bank's expense health and life medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s 's return to employment with the Association Bank or another employer, (x) the Executive’s 's attainment of age 65, (y) the Executive’s (or dependent’s) 's death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive's employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a4.2 (a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “"specified employee” " within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Bank shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the Association’s Bank's projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s 's employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s 's employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Just Cause or voluntarily but with Good Reason, or because of disability, the Association Employers shall continue or cause to be continued at the Association’s Employers’ expense health and life medical insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and life medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Association Employers or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s (or dependent’s) death, or (z) the end of the thirty-six (36) month period following his termination of employmentterm remaining under this Agreement when the Executive’s employment terminates. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependents, or (y) when employment termination occurs the Executive is a “specified employee” within the meaning of Section 409A of the Code, if any of the continued insurance coverage benefits specified in Section 4.2(a) would be considered deferred compensation under Section 409A of the Code, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employers shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the Association’s Employers’ projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 months. The lump-sum payment shall be made thirty (30) days after employment termination or, if Section 4.1(b) applies, on the first business day payroll date of the seventh (7th) month after the month in which the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Association Employer shall continue or cause to be continued at the AssociationEmployer’s expense health and life medical insurance benefits for the Executive and any of his dependents covered at period ending 24 months after the time of his termination. The health and life insurance benefits shall continue until the first to occur of (w) date the Executive’s return employment terminates. Upon the expiration of such period, the Executive may, at his own expense, continue to employment with participate in the Association or another employer, (x) Corporation’s medical insurance program through his 65th birthday to the Executive’s attainment of age 65, (y) extent such coverage is available under the Executive’s (or dependent’s) death, or (z) the end terms of the thirty-six (36) month period following his termination of employmentprogram then in effect. (b) If (x) under the terms of the applicable policy or policies for the insurance benefits specified in section 4.2(a) it is not possible to continue coverage for the Executive and his dependentsExecutive’s coverage, or (y) when employment termination occurs the Executive is a “specified employee” employee within the meaning of Section 409A of the CodeInternal Revenue Code of 1986, if any of the continued insurance coverage benefits specified in Section section 4.2(a) would be considered deferred compensation under Section 409A of the Code409A, and finally, if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available for that particular insurance benefit, the Association Employer shall pay to the Executive in a single lump sum an amount in cash equal to the present value of the AssociationEmployer’s projected cost to maintain that particular insurance benefit (and associated income tax gross-up benefit, if applicable) had the Executive’s employment not terminated, assuming continued coverage for 36 24 months. The lump-sum payment shall be made thirty (30) 30 days after employment termination or, if Section section 4.1(b) applies, on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.