Common use of Related Benefits Clause in Contracts

Related Benefits. Except in connection with Executive's death or termination by Corporation for Cause or Disability or by voluntary termination by Executive without Good Reason, Corporation will retain in full force and effect for the continued benefit of Executive for two years after the Termination Date all Plans in which Executive was entitled to participate immediately prior to the Termination Date, provided that Executive's continued participation is possible under the general terms and provisions of such Plans; provided, however, that if the participation by Executive in any Plan is barred by the provisions of such Plan, Corporation will arrange to provide Executive with benefits substantially similar to those to which Executive is entitled to receive under such Plan (provided, however, that the cost of such benefits does not exceed 125 percent of the prevailing cost of similar benefits under Corporation's Plans).

Appears in 2 contracts

Samples: Employment Agreement (Sonus Corp), Employment Agreement (Sonus Corp)

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Related Benefits. Except in connection with Executive's death or termination Termination by Corporation for Cause or Disability or by voluntary termination Termination by Executive without Good Reason, Corporation will retain in full force and effect for the continued benefit of Executive for two years one year after the Termination Date all Plans in which Executive was entitled to participate immediately prior to the Termination Date, provided that Executive's continued participation continuedparticipation is possible under the general terms and provisions of such Plans; provided, however, that if the participation by Executive in any Plan is barred by the provisions of such Plan, Corporation will arrange to provide Executive with benefits substantially similar to those to which Executive is entitled to receive under such Plan (provided, however, that the cost of such benefits does not exceed 125 percent of the prevailing cost of similar benefits under Corporation's Plans).

Appears in 1 contract

Samples: Employment Agreement (Sonus Corp)

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Related Benefits. Except in connection with Executive's death or termination Termination by Corporation for Cause or Disability or by voluntary termination Termination by Executive without Good Reason, Corporation will retain in full force and effect for the continued benefit of Executive for two years one year after the Termination Date all Plans in which Executive was entitled to participate immediately prior to the Termination Date, provided that Executive's continued participation is possible under the general terms and provisions of such Plans; provided, however, that if the participation by Executive in any Plan is barred by the provisions of such Plan, Corporation will arrange to provide Executive with benefits substantially similar to those to which Executive is entitled to receive under such Plan (provided, however, that the cost of such benefits does not exceed 125 percent of the prevailing cost of similar benefits under Corporation's Plans).

Appears in 1 contract

Samples: Employment Agreement (Sonus Corp)

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