Common use of WELFARE PLAN BENEFITS Clause in Contracts

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/)

AutoNDA by SimpleDocs

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 (Incontrol Inc), Senior Management Employment Agreement (Targeted Genetics Corp /Wa/), Senior Management Employment Agreement (Sonosight Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!