Common use of Welfare Benefit Clause in Contracts

Welfare Benefit. (i) Except as provided in Section 2.3 hereof, Executive shall be eligible to participate in the Company's Group Health Plan for a period of six (6) months for each of Executive's Years of Service, not to exceed a period of five (5) years, beginning on the first day of the first month following Executive's Separation Date unless otherwise specifically provided under such plan, upon Executive's payment of both the Company's and Executive's premium under such plan. Executive shall also be entitled to elect coverage under the Group Health Plan for his dependents who are participating in the Group Health Plan on Executive's Separation Date (and for such other dependents as may be entitled to coverage under the provisions of the Health Insurance Portability and Accountability Act of 1996) for the duration of Executive's extended medical coverage under this Section 2.2(c) to the extent such dependents remain eligible for dependent coverage under the terms of the Group Health Agreement. (ii) The extended medical coverage afforded to Executive pursuant to this Section 2.2(c) as well as the premiums to be paid by Executive in connection with such coverage shall be determined in accordance with the terms of the Group Health Plan and shall be subject to any changes in the terms and conditions of the Group Health Plan as well as any future increases in premiums under the Group Health Plan. The premiums to be paid by Executive in connection with this extended coverage shall be due on the first day of each month; provided, however, that if Executive fails to pay his premium within thirty (30) days of its due date, Executive's extended coverage shall be terminated. (iii) Any Group Health Plan coverage provided under this Section 2.2(c) shall be a part of and not in addition to any COBRA Coverage which Executive or his dependent may elect. In the event that Executive or his dependent becomes eligible to be covered, by virtue of re-employment or otherwise, by any employer-sponsored group health plan or is eligible for coverage under any government-sponsored health plan during the above period, coverage under the Employing Company's Group Health Plan available to Executive or his dependent by virtue of the provisions of this Article II shall terminate, except as may otherwise be required by law, and shall not be renewed. It shall be the duty of Executive to inform the Company of his eligibility to participate in any such health plan. (iv) Except as otherwise provided in Section 2.3 hereof, regardless of whether Executive elects the extended coverage described in Section 2.2(c) hereof, the Company shall pay to Executive a cash amount equal to the Company's and Executive's cost of premiums for three (3) years of coverage under the Group Health Plan and Group Life Insurance Plan.

Welfare Benefit. (i) Except as provided in Section 2.3 hereof, Executive Xx. Xxxxxxx shall be eligible to participate in the Company's ’s Group Health Plan for a period of six (6) months for each of Executive's Xx. Xxxxxxx’x Years of Service, not to exceed a period of five (5) years, beginning on the first day of the first month following Executive's Xx. Xxxxxxx’x Separation Date unless otherwise specifically provided under such plan, upon Executive's Xx. Xxxxxxx’x payment of both the Company's ’s and Executive's Xx. Xxxxxxx’x premium under such plan. Executive Xx. Xxxxxxx shall also be entitled to elect coverage under the Group Health Plan for his dependents who are participating in the Group Health Plan on Executive's Xx. Xxxxxxx’x Separation Date (and for such other dependents as may be entitled to coverage under the provisions of the Health Insurance Portability and Accountability Act of 1996) for the duration of Executive's Xx. Xxxxxxx’x extended medical coverage under this Section 2.2(c) to the extent such dependents remain eligible for dependent coverage under the terms of the Group Health AgreementPlan. (ii) The extended medical coverage afforded to Executive Xx. Xxxxxxx pursuant to this Section 2.2(c) as well as the premiums to be paid by Executive Xx. Xxxxxxx in connection with such coverage shall be determined in accordance with the terms of the Group Health Plan and shall be subject to any changes in the terms and conditions of the Group Health Plan as well as any future increases in premiums under the Group Health Plan. The premiums to be paid by Executive Xx. Xxxxxxx in connection with this extended coverage shall be due on the first day of each month; provided, however, that if Executive Xx. Xxxxxxx fails to pay his premium within thirty (30) days of its due date, Executive's his extended coverage shall be terminated. (iii) Any Group Health Plan coverage provided under this Section 2.2(c) shall be a part of and not in addition to any COBRA Coverage which Executive Xx. Xxxxxxx or his dependent may elect. In the event that Executive Xx. Xxxxxxx or his dependent becomes eligible to be covered, by virtue of re-employment or otherwise, by any employer-sponsored group health plan or is eligible for coverage under any government-sponsored health plan during the above period, coverage under the Employing Company's ’s Group Health Plan available to Executive Xx. Xxxxxxx or his dependent by virtue of the provisions of this Article II shall terminate, except as may otherwise be required by law, and shall not be renewed. It shall be the duty of Executive Xx. Xxxxxxx to inform the Company of his eligibility to participate in any such health plan. (iv) Except as otherwise provided in Section 2.3 hereof, regardless of whether Executive Xx. Xxxxxxx elects the extended coverage described in Section 2.2(c) hereof, the Company shall pay to Executive Xx. Xxxxxxx a cash amount equal to the Company's ’s and Executive's Xx. Xxxxxxx’x cost of premiums for three (3) years of coverage under the Group Health Plan and Group Life Insurance Plan, as such Plans were in effect as of the date of the Change in Control.

Welfare Benefit. (i) Except as provided in Section 2.3 hereof, Executive Xx. Xxxxxx shall be eligible to participate in the Company's ’s Group Health Plan for a period of six (6) months for each of Executive's Xx. Xxxxxx’ Years of Service, not to exceed a period of five (5) years, beginning on the first day of the first month following Executive's Xx. Xxxxxx’ Separation Date unless otherwise specifically provided under such plan, upon Executive's Xx. Xxxxxx’ payment of both the Company's ’s and Executive's Xx. Xxxxxx’ premium under such plan. Executive Xx. Xxxxxx shall also be entitled to elect coverage under the Group Health Plan for his dependents who are participating in the Group Health Plan on Executive's Xx. Xxxxxx’ Separation Date (and for such other dependents as may be entitled to coverage under the provisions of the Health Insurance Portability and Accountability Act of 1996) for the duration of Executive's Xx. Xxxxxx’ extended medical coverage under this Section 2.2(c) to the extent such dependents remain eligible for dependent coverage under the terms of the Group Health AgreementPlan. (ii) The extended medical coverage afforded to Executive Xx. Xxxxxx pursuant to this Section 2.2(c) as well as the premiums to be paid by Executive Xx. Xxxxxx in connection with such coverage shall be determined in accordance with the terms of the Group Health Plan and shall be subject to any changes in the terms and conditions of the Group Health Plan as well as any future increases in premiums under the Group Health Plan. The premiums to be paid by Executive Xx. Xxxxxx in connection with this extended coverage shall be due on the first day of each month; provided, however, that if Executive Xx. Xxxxxx fails to pay his premium within thirty (30) days of its due date, Executive's his extended coverage shall be terminated. (iii) Any Group Health Plan coverage provided under this Section 2.2(c) shall be a part of and not in addition to any COBRA Coverage which Executive Xx. Xxxxxx or his dependent may elect. In the event that Executive Xx. Xxxxxx or his dependent becomes eligible to be covered, by virtue of re-employment or otherwise, by any employer-sponsored group health plan or is eligible for coverage under any government-sponsored health plan during the above period, coverage under the Employing Company's ’s Group Health Plan available to Executive Xx. Xxxxxx or his dependent by virtue of the provisions of this Article II shall terminate, except as may otherwise be required by law, and shall not be renewed. It shall be the duty of Executive Xx. Xxxxxx to inform the Company of his eligibility to participate in any such health plan. (iv) Except as otherwise provided in Section 2.3 hereof, regardless of whether Executive Xx. Xxxxxx elects the extended coverage described in Section 2.2(c) hereof, the Company shall pay to Executive Xx. Xxxxxx a cash amount equal to the Company's ’s and Executive's Xx. Xxxxxx’ cost of premiums for three (3) years of coverage under the Group Health Plan and Group Life Insurance Plan, as such Plans were in effect as of the date of the Change in Control.

Welfare Benefit. (i) Except as provided in Section 2.3 hereof, Executive Xx. Xxxxxxx shall be eligible to participate in the Company's ’s Group Health Plan for a period of six (6) months for each of Executive's Xx. Xxxxxxx’x Years of Service, not to exceed a period of five (5) years, beginning on the first day of the first month following Executive's Xx. Xxxxxxx’x Separation Date unless otherwise specifically provided under such plan, upon Executive's Xx. Xxxxxxx’x payment of both the Company's ’s and Executive's Xx. Xxxxxxx’x premium under such plan. Executive Xx. Xxxxxxx shall also be entitled to elect coverage under the Group Health Plan for his dependents who are participating in the Group Health Plan on Executive's Mr. Xxxxxxx’x Separation Date (and for such other dependents as may be entitled to coverage under the provisions of the Health Insurance Portability and Accountability Act of 1996) for the duration of Executive's Xx. Xxxxxxx’x extended medical coverage under this Section 2.2(c) to the extent such dependents remain eligible for dependent coverage under the terms of the Group Health AgreementPlan. (ii) The extended medical coverage afforded to Executive Xx. Xxxxxxx pursuant to this Section 2.2(c) as well as the premiums to be paid by Executive Xx. Xxxxxxx in connection with such coverage shall be determined in accordance with the terms of the Group Health Plan and shall be subject to any changes in the terms and conditions of the Group Health Plan as well as any future increases in premiums under the Group Health Plan. The premiums to be paid by Executive Xx. Xxxxxxx in connection with this extended coverage shall be due on the first day of each month; provided, however, that if Executive Xx. Xxxxxxx fails to pay his premium within thirty (30) days of its due date, Executive's his extended coverage shall be terminated. (iii) Any Group Health Plan coverage provided under this Section 2.2(c) shall be a part of and not in addition to any COBRA Coverage which Executive Xx. Xxxxxxx or his dependent may elect. In the event that Executive Xx. Xxxxxxx or his dependent becomes eligible to be covered, by virtue of re-employment or otherwise, by any employer-sponsored group health plan or is eligible for coverage under any government-sponsored health plan during the above period, coverage under the Employing Company's ’s Group Health Plan available to Executive Xx. Xxxxxxx or his dependent by virtue of the provisions of this Article II shall terminate, except as may otherwise be required by law, and shall not be renewed. It shall be the duty of Executive Xx. Xxxxxxx to inform the Company of his eligibility to participate in any such health plan. (iv) Except as otherwise provided in Section 2.3 hereof, regardless of whether Executive Xx. Xxxxxxx elects the extended coverage described in Section 2.2(c) hereof, the Company shall pay to Executive Xx. Xxxxxxx a cash amount equal to the Company's ’s and Executive's Xx. Xxxxxxx’x cost of premiums for three (3) years of coverage under the Group Health Plan and Group Life Insurance Plan, as such Plans were in effect as of the date of the Change in Control.