Termination of Employee Benefits. Except as otherwise expressly provided herein, particularly in Section 5(b) above, Employee shall not be entitled to any other salary, bonuses, employee benefits or compensation from the Company or its Subsidiaries after the termination of Employee’s employment with the Company and all of Employee’s rights to salary, bonuses, employee benefits and other compensation hereunder which would have accrued or become payable after the termination of Employee’s employment with the Company (other than vested retirement or other benefits accrued on or prior to the termination of Employee’s employment with the Company, including, without limitation, any vested rights under any equity plan of the Company or other amounts owing hereunder as of the date of such termination or expiration that have not yet been paid) shall cease upon such termination or expiration, other than those expressly required under applicable law (such as COBRA). All such salary, bonuses, employee benefits or compensation shall be deemed unearned and all conditions for any right to receive such payments shall be deemed unsatisfied.
Termination of Employee Benefits. Employees who participate in the District insurance program and either receive notice of non-renewal effective at the end of school year, or submit notice of resignation effective at the end of the school year, or retire effective at the end of the school year, may continue to participate in the insurance program at their current level during June, July, and August of that year and continue to pay the employee share of the monthly premium. The Board will provide the opportunity for teachers terminating employment with the District to continue in the employee insurance program of the District, based on the requirements and limitations of State and Federal regulations (COBRA).
Termination of Employee Benefits. Except as specifically set forth in this Agreement, Executive shall cease to be eligible for coverage and benefits under the Company’s employee benefit plans, programs and policies as of the Separation Date, or by the terms of such plans, programs and policies.
Termination of Employee Benefits. Xx. Xxxxx agrees that all of his employee benefits will cease as of the Resignation Date (i.e., January 31, 2007), except as expressly provided herein.
Termination of Employee Benefits. Except for his rights under COBRA or as otherwise provided by the terms of any applicable benefit plan or applicable law, Xxxxx’x eligibility to participate in, and/or his receipt of, all employee benefits and perquisites will terminate as of the Separation Date.
Termination of Employee Benefits. Except as expressly set forth in this Agreement, EXECUTIVE shall not be entitled to receive any cash, in-kind compensation, or benefits of any kind or nature, for any periods after the expiration of the term of this Agreement. The foregoing prohibitions are not intended to limit, restrict, or deny EXECUTIVE any benefits under employee mandatory or fringe benefit plans or programs, in which EXECUTIVE participates on the Effective Date, that are earned by EXECUTIVE on or before the expiration date of this Agreement while being payable or distributable to EXECUTIVE after the expiration date.
Termination of Employee Benefits. Except for any applicable COBRA rights or as otherwise may be expressly provided in any applicable employee benefit plans, Oblazney’s eligibility to participate in, and/or Oblazney’s receipt of, all employee benefits terminated as of the Separation Date.
Termination of Employee Benefits. Xxxxxx'x eligibility to participate in the Company's employee benefits plans, including but not limited to participation in the Company's group health plan, retirement savings plan and other welfare or retirement plans, will terminate as of the Separation Date. Except as expressly provided in this Agreement, Xxxxxx'x eligibility to participate in and/or receive employee perquisites, including but not limited to use of country club privileges, will terminate as of the Separation Date; provided, however Xxxxxx shall retain the use of the automobile leased for him by the Company through the lease expiration date of December 31, 2012. Effective immediately after the Separation Date, Xxxxxx will become eligible to continue health and dental plan coverage for himself and his qualified beneficiaries pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), as amended. To the extent Xxxxxx elects to continue such coverage, the Company shall pay on Xxxxxx'x behalf, on a taxable basis, the monthly costs of such coverage for up to eighteen (18) months from the Separation Date. The Company will provide Xxxxxx with the applicable COBRA notices and election form as required by COBRA.
Termination of Employee Benefits. Wolf’s eligibility to participate in the Company’s employee benefits plans, including but not limited to participation in the Company’s group health insurance plan and other welfare or retirement plans, will terminate as of the Separation Date. Except as expressly provided in this Agreement, Wolf’s eligibility to participate in and/or his receipt of any employee perquisites will terminate as of the Separation Date. Effective January 3, 2005, Wolf will become eligible to continue health insurance benefits pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), as amended, at Wolf’s expense. The Company will provide Wolf with the applicable COBRA information in a separate writing.
Termination of Employee Benefits. Except as otherwise expressly provided herein, Employee shall not be entitled to any other salary, bonuses, employee benefits or compensation from the Company or its Subsidiaries after the termination of Employee’s employment with the Company and all of Employee’s rights to salary, bonuses, employee benefits and other compensation hereunder which would have accrued or become payable after the termination of Employee’s employment with the Company (other than vested retirement or other benefits accrued on or prior to the termination of Employee’s employment with the Company, including, without limitation, any vested rights under any equity plan of the Company or other amounts owing hereunder as of the date of such termination or expiration that have not yet been paid) shall cease upon such termination or expiration, other than those 10.2 Page 3 of 15 (4.21.21 - 21:54) expressly required under applicable law (such as COBRA). All such salary, bonuses, employee benefits or compensation shall be deemed unearned and all conditions for any right to receive such payments shall be deemed unsatisfied.
