Welfare Benefit Coverage Sample Clauses

Welfare Benefit Coverage. Subject to Executive’s payment of applicable premiums on the same basis as similarly situated active executives of the Company, continued Welfare Benefit Coverage for Executive and his eligible dependents for a period of two years following the date of Executive’s Covered Termination.

Welfare Benefit Coverage. The Employer will provide, or will cause to be provided, continued Welfare Benefit Coverage for Executive and his/her eligible dependents at the active employee rate for a period of (1) 3 years following the date of Executive's Covered Termination which occurs following a Change of Control or (2) 18 months following any other Covered Termination. Such entitlement shall apply only to those Welfare Benefit Coverages that the Company or the Employer has in effect from time to time for active employees. If Executive's employment is terminated following a Change of Control and Executive would have become entitled to benefits under the Company's or the Employer's post-retirement health care or life insurance plans, as in effect immediately prior to the termination or of his employment (or, if more favorable to Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason), had Executive's employment terminated at any time during the period of three years following the date upon which Executive's employment was terminated, the Company or the Employer, as applicable, shall provide such post-retirement health care or life insurance benefits to Executive and 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 the first sentence of this paragraph 2(c) terminate. Benefits otherwise receivable by Executive pursuant to this Section 2(c) shall be reduced to the extent Executive becomes eligible to receive benefits pursuant to a government-sponsored health insurance or health care program.

Welfare Benefit Coverage. Executive (and, if applicable, Executive's eligible dependents) may elect to continue coverage under the Company's group medical/dental plan at Executive's own expense in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") and, for purposes of determining the maximum period of COBRA coverage, such maximum period will begin immediately upon Executive's Involuntary Termination. [The Company may wish to consider continuation of coverage at the Company's expense for a designated time period]

Welfare Benefit Coverage. The Company will, at normal employee rates, provide Executive and, to the extent available before the Qualified Termination, Executive's eligible dependents with coverage under the Company's medical/dental plan, life insurance and accident plan and disability plan until the earlier of (A) ___________ months after the date of Executive's Qualified Termination or (B) the first date that Executive is covered under another employer's program which provides substantially the same level of benefit coverage without exclusion for pre-existing conditions. After this period of coverage, Executive (and, if 1. applicable, Executive's eligible dependents) may elect to continue coverage under the Company's group medical/dental plan at Executive's own expense in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") and, for purposes of determining the maximum period of COBRA coverage, such maximum period will begin immediately following the end of Company-subsidized coverage.

Welfare Benefit Coverage. After the Closing Date, Purchaser shall maintain for the benefit of the New Employees, welfare benefit programs, including medical and dental benefits, long term disability insurance, life insurance and a severance plan, which are substantially comparable to those marked by an asterisk on PART 4.6B OF THE DISCLOSURE LETTER to this Agreement to the extent that such coverages may be obtained by Purchaser on reasonable commercial terms ("Mirror Programs"). Except as provided in SECTION 12.3(b) below, if Purchaser does not obtain such coverages on reasonable commercial terms, to the extent that Purchaser or any of its Affiliates maintains a welfare benefit program of the same type for its employees( generally a "Replacement Program"), Purchaser shall take all actions necessary or appropriate to permit the New Employees who were participating in Sellers' welfare benefit program immediately prior to the Closing Date to immediately thereafter participate in the Replacement Program effective as of the Closing Date. Nothing in this Agreement shall be construed to require Purchaser or any of its Affiliates to provide any specific type of benefits for any person under any Replacement Program that is not available to PGT's employees generally. If Purchaser discontinues any Mirror Program, to the extent that Purchaser or any of its Affiliates maintains a Replacement Program of the same type, Purchaser shall take all actions necessary or appropriate to permit New Employees who were participating in the Mirror Program to immediately thereafter participate in the Replacement Program. Such Mirror Programs or Replacement Programs will (i) provide coverage to each New Employee effective on the Closing Date, (ii) credit, for the year in which the Closing Date occurs, any duplicative deductible payments incurred by such New Employee during such year under a group health plan, and (iii) waive any preexisting condition restrictions for such New Employee to the extent that the preexisting condition restrictions were waived under Sellers' welfare benefit programs. Each of the Sellers and Purchaser agree that (i) benefit claims by New Employees for obligations or expenses incurred on or prior to the Closing Date shall be the responsibility of the Sellers (except to the extent Purchaser is required to pay certain liabilities as described in SECTION 3.4 of this Agreement), and (ii) benefit claims by New Employees for obligations or expenses incurred after the Closing Date shall be th...

Welfare Benefit Coverage. If Employee signs this Agreement, and timely elects to receive COBRA benefits, then per the terms of the Employment Letter Employer agrees that Employee, and/or Employee’s family as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefits plans, practices, policies, and programs provided by Employer (including medical and life plans and programs) as Employee participated in as of the Separation Date up to and including September 7, 2016. Employer agrees to continue to pay the Employer share for existing coverage under the medical, dental, and vision plan, and likewise Employee agrees to pay the Employee share, if any, for this coverage and will make payments on a monthly basis. In the event Employee obtains other welfare benefit coverage between the Separation Date and September 7, 2016, and Employee wishes to terminate coverage under the Employer’s plan, then Employee may provide notice of Employee’s election to terminate coverage and no further payments shall be due under this provision.

Welfare Benefit Coverage