WELFARE PLAN BENEFITS. While employed by the Company or any Subsidiary, the Company shall at the Company’s expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of the Change in Control) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with insurance coverage no less favorable than, the Company’s life, disability, health, dental and any other employee welfare benefit plans or programs, as in effect on the date of the Change in Control (such benefits, the “Welfare Benefits”).
Appears in 4 contracts
Samples: Senior Management Employment Agreement (Targeted Genetics Corp /Wa/), Senior Management Employment Agreement (Targeted Genetics Corp /Wa/), Senior Management Employment Agreement (Targeted Genetics Corp /Wa/)
WELFARE PLAN BENEFITS. While employed by the Company or any Subsidiary, the The Company shall at the Company’s 's expense (except for the amount, if any, of any required employee contribution which would have been necessary for Executive to contribute as an active employee under the plan or program as in effect on the date of the Change in Control) continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with insurance coverage no less favorable than, the Company’s 's life, disability, health, dental and any other employee welfare benefit plans or programs, as in effect on the date of the Change in Control (such benefits, the “"Welfare Benefits”").
Appears in 3 contracts
Samples: Senior Management Employment Agreement (Sonosight Inc), Senior Management Employment Agreement (Targeted Genetics Corp /Wa/), Senior Management Employment Agreement (Incontrol Inc)
WELFARE PLAN BENEFITS. While employed by the The Company or any Subsidiaryshall, the Company shall at the Company’s 's expense (except for the amount, if any, of any required employee contribution which that Executive would have been necessary for Executive had to contribute as an active employee under the plan or program as in effect on the date of the Change in Control) ), continue to cover Executive (and his or her dependents) under, or provide Executive (and his or her dependents) with insurance coverage no less favorable than, under the Company’s 's life, disability, health, dental and any other employee welfare benefit plans or programs, as in effect on the date of the Change in Control Control. Alternatively, the Company may provide Executive (and his dependents) with insurance coverage no less favorable than these welfare benefits (such benefitsbenefits or insurance, the “"Welfare Benefits”").
Appears in 1 contract
