Benefits Period definition

Benefits Period means the period commencing on the Date of Termination (as defined herein) and continuing thereafter for the number of months equal to the product of 12 and the Classification Factor.

Benefits Period means a period, commencing on the date that the Executive's employment with the Corporation and all of its Subsidiaries terminates and ending on the earlier of (a) the end of the initial Post-Employment Restriction Period and (b) the date that the Executive commences other employment or any consulting arrangement. The amount of the monthly payments shall be equal to one-twelfth (1/12) of the Executive's annual base compensation as in effect on the date of termination during the Benefits Period and 50% of such amount thereafter until the end of the initial Post-Employment Restriction Period determined by this Paragraph 26c.

Benefits Period shall have the meaning set forth in Paragraph 26.

Examples of Benefits Period in a sentence

• If Executive and Executive’s dependents continue coverage pursuant to COBRA following the conclusion of the Covered Termination Benefits Period, Executive will be responsible for the entire payment of such premiums required under COBRA for the duration of the COBRA period.

• If Executive and Executive’s dependents continue coverage pursuant to COBRA following the conclusion of the Change in Control Benefits Period, Executive will be responsible for the entire payment of such premiums required under COBRA for the duration of the COBRA period.

• In addition, if the Executive becomes employed by another entity subsequent to termination hereunder, and under the terms of such employment is entitled to benefits substantially similar to those provided in Section 9(b)(iii), the Employer will not be required to continue provision of the benefits set forth in said Section 9(b)(iii) for the remainder of the Severance Benefits Period.

• The Executive shall be obligated to give prompt notice of the date of commencement of any employment or self-employment during the Termination Benefits Period and shall respond promptly to any reasonable inquiries concerning any employment or self-employment in which the Executive engages during the Termination Benefits Period.

• Executive shall be obligated to give prompt notice of the date of commencement of any employment during the Termination Benefits Period and shall respond promptly to any reasonable inquiries concerning any employment in which Executive may be engaged during the Termination Benefits Period.

More Definitions of Benefits Period

Benefits Period shall have the meaning set forth in Section 6.1(I) hereof.

Benefits Period means the number of months equal to the product of twelve (12) multiplied by the Severance Multiple for the applicable Participant.

Benefits Period means that period of time beginning on the day after the Executive's last day of employment with the Corporation and ending on the earlier of (a) the end of his Severance Period or (b) the date on which the Executive becomes eligible for benefits in connection with his acceptance of a position with another company. Nothing contained in this section shall be deemed to affect the Executive's right to purchase extended medical or other coverages under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") or any other similar rule, regulation or statute binding upon the Corporation. The Corporation and Executive agree that the commencement date of any period during which the Executive is entitled to purchase extended medical or other coverage under COBRA shall be the date immediately following the end of his Severance Period.

Benefits Period has the meaning assigned to such term in Section 5.2(c) hereof.

Benefits Period means that period of time beginning on the day after the Executive's last day of employment with the Corporation and ending on the earlier of (a) the end of his Severance Period, or (b) the date on which the Executive becomes eligible for benefits in connection with his acceptance of a position with another company or employer.

Benefits Period means that period of time commencing upon the Termination Date and ending upon: (i) if you are at the level of Senior Vice President and above, the second (2nd) anniversary of the Termination Date; and (ii) if you are at the level of Director or Vice President, the first (1st) anniversary of the Termination Date.

Benefits Period means period over which the benefits of the market trial or the promotional offer is received by the Consumer;