Common use of Welfare Plan Coverages Clause in Contracts

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical or dental insurance plan he participated in prior to the date of his termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or dental insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical and/or dental insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretion. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 13 contracts

Samples: Employment Agreement (Ralph Lauren Corp), Employment Agreement (Ralph Lauren Corp), Employment Agreement

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Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical or dental insurance plan he she participated in prior to the date of his her termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or dental insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical and/or dental insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretion. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 3 contracts

Samples: Employment Agreement (Ralph Lauren Corp), Employment Agreement (Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp)

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical medical, dental or dental life insurance plan he participated in prior to the date of his termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or medical, dental and life insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical medical, dental and/or dental life insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretionCorporation. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 3 contracts

Samples: Employment Agreement (Polo Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp)

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical medical, dental or dental life insurance plan he [he/she] participated in prior to the date of his [his/her] termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or medical, dental and life insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical 's medical, dental and/or dental life insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretionCorporation. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 2 contracts

Samples: Employment Agreement (Polo Ralph Lauren Corp), Employment Agreement (Polo Ralph Lauren Corp)

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical or dental insurance plan he she participated in prior to the date of his termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or dental insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical and/or dental insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretion. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 1 contract

Samples: Employment Agreement (Polo Ralph Lauren Corp)

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Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical or dental insurance plan he she participated in prior to the date of his her termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or dental insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s 's medical and/or dental insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretion. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 1 contract

Samples: Employment Agreement (Ralph Lauren Corp)

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical or dental insurance plan he she participated in prior to the date of his her termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or dental insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical and/or dental insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretion. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.. (v)

Appears in 1 contract

Samples: Employment Agreement

Welfare Plan Coverages. The Executive shall continue to participate during the Severance Period in any group medical medical, dental or dental life insurance plan he she participated in prior to the date of his her termination, under substantially similar terms and conditions as an active employee; provided that participation in such group medical or medical, dental and life insurance plan shall only continue for as long as permitted under COBRA and further, shall correspondingly cease at such time as the Executive (a) becomes eligible for a future employer’s medical medical, dental and/or dental life insurance coverage (or would become eligible if the Executive did not waive coverage) or (b) violates any of the provisions of Article III as determined by the Corporation in its sole discretionCorporation. Notwithstanding the foregoing, the Executive may not continue to participate in such plans on a pre-tax or tax-favored basis.

Appears in 1 contract

Samples: Employment Agreement (Polo Ralph Lauren Corp)

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