Regular Employee Benefits. The Company shall, at the election of the Executive made within ten (10) days after the Termination Date, either: (A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or (B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes Medicare eligible.
Appears in 3 contracts
Samples: Executive Employment Agreement (Meridian Gold Inc), Executive Employment Agreement (Meridian Gold Inc), Executive Employment Agreement (Meridian Gold Inc)
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 2 contracts
Samples: Executive Employment Agreement (Meridian Gold Inc), Executive Employment Agreement (Meridian Gold Inc)
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:
1 January 2007 8 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
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Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:: 15 January 2007 8 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:: 16 February 2007 8 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:: 16 February 2007 5 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:
1 January 2007 5 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) days after the Termination Datedate, either:: 15 January 2007 5 of 27
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes eligible for Medicare eligibleunder federal law as it may be amended from time to time.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten (10) days after the Termination Date, either:
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month 15 January 2007 10 of 27 after the Executive becomes Medicare eligible.
Appears in 1 contract
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten (10) days after the Termination Date, either:
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes Medicare eligible.month
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Regular Employee Benefits. The Company shall, at the election of the Executive made within ten (10) days after the Termination Date, either:
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month month
1 January 2007 10 of 27 after the Executive becomes Medicare eligible.
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