Common use of WELFARE PLAN BENEFITS Clause in Contracts

WELFARE PLAN BENEFITS. The Employee shall be entitled to continuation of medical insurance coverage under the Company's Continuation of Benefits Program for Former Senior Executives (originally implemented by the Company on January 1, 1993). The Company shall pay the cost of medical insurance coverage for a period equal to the lesser of (i) twenty-four months following the date of Termination or (ii) until the Employee is provided by another employer with medical insurance benefits. The Employee shall notify the Company within ten (10) days of any employment by the Employee during the period the Company is paying for medical insurance coverage pursuant to this paragraph 3(b).

WELFARE PLAN BENEFITS. The Employee shall be entitled to continuation of medical insurance coverage under the Company's Continuation of Benefits Program for Former Senior Executives (originally implemented by the Company on January 1, 1993). The Company shall pay the cost of medical insurance coverage for a period equal to the lesser of (i) twenty-four months following the date of Termination or (ii) until the Employee is provided by another employer with medical insurance benefits. The Employee shall notify the Company within ten (10) days of any employment by the Employee during the period the Company is paying for medical insurance coverage pursuant to this paragraph 3(b).. (c)