Continuing benefits definition

Continuing benefits means a continuation of benefits in the same manner and same amount while an appeal or contested case hearing is pending, pursuant to OAR 410-141-3910;
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Continuing benefits is defined in Section 6.3 of the Agreement.
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Continuing benefits means a continuation of benefits in the same manner and same amount
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Examples of Continuing benefits in a sentence

  • At any time during the severance period, the Company may elect to pay a lump sum amount to Executive which represents the reasonable value of the Severance Benefit and/or the Continuing Benefits reduced to their present value in lieu of continuing payment of such benefits.

  • If a Change of Control occurs or if the Employee terminates his employment for Good Reason, the Employee shall receive the Termination Payment and the Continuing Benefits.

  • In the event of the termination of Executive’s employment by the Company pursuant to Section 5(a) hereof, the Severance Benefit and the Continuing Benefits specified above in this Section 5(d) shall apply but, wherever “eighteen (18) months” appears, it shall be amended to read as “twelve (12) months”.

  • In the event that the Company elects not to renew this Agreement pursuant to Section 5(a) hereof, the Severance Benefit and the Continuing Benefits specified above in this Section 5(e) shall apply but, wherever “eighteen (18) months” appears, it shall be amended to read as “fifteen (15) months”.

  • Payment of the Severance Benefit and the Continuing Benefits shall begin only upon the date of the Executive’s “separation from service” (determined as set forth below) which occurs on or after the date of termination of the Executive’s employment.

  • At the end of the three-year period, Executive may acquire from the Company life and health insurance coverage and any of the other Continuing Benefits at a cost based upon the incremental cost to the Company of providing such benefits to Executive immediately prior to the termination of the Consulting Period.

  • In the event of the termination of Executive’s employment by the Company pursuant to Section 5(a) hereof, the Severance Benefit and the Continuing Benefits specified above in this Section 5(d) shall apply but, wherever “twenty-four (24) months” appears, it shall be amended to read as “eighteen (18) months”.

  • For a period of three years following the end of the Consulting Period, the Company shall provide Executive with the Continuing Benefits.

  • Notwithstanding the foregoing, the Company shall not be obligated to make any payments or provide any Continuing Benefits pursuant to this Section 4(g) in the event that Executive and Parent shall have executed a mutually acceptable employment or retention agreement in replacement hereof prior to the expiration of the Extension Period.

  • Products shall pay to Seller, or any administrative representative of Seller, all premium rates, plan contributions and other costs payable for the Continuing Benefits with respect to Continuing Employees during the Benefits Transition Period, plus any third party administrative service fees directly related to such premiums, costs or contributions incurred by Seller in connection with the Continuing Benefits for Continuing Employees during the Benefits Transition Period.


More Definitions of Continuing benefits

Continuing benefits means medical, dental, vision, long-term care, life and disability insurance coverage and any SEP entitlement for one (1) year following the termination at levels comparable to that provided immediately prior to your termination (all at the cost of the Company except for any contributions paid by you prior to the termination). Notwithstanding the foregoing, if such termination occurs within twelve (12) months following a Change of Control, the Severance Pay shall be payable, at your election, either in a lump sum within thirty (30) days of the date of employment termination or in periodic payments over a period not to exceed three (3) years.
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Continuing benefits means a continuation of benefits in the same manner and same amount while an appeal or contested case hearing is pending.
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Continuing benefits shall have the meaning set forth in Section 6.15(g).
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Continuing benefits means the health care benefits and insurance programs provided or sponsored by the Company for active service employees, as the same may be amended or modified from time to time; provided that, in the case of voluntary programs, continuation of such programs for the benefit of the Executive shall be conditional upon the Executive’s participation in such voluntary programs at the time of the Executive’s Termination Date; and provided further that “Continuing Benefits” shall not include (i) the Company’s Short Term Salary Continuation Plan; (ii) the Savings Plan; (iii) the Incentive Plans; (iv) the Long Term Disability Plan; and (v) the Retirement Plan.
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Continuing benefits shall have the meaning described in this paragraph. In the event that the Executive is entitled to the legally permissible payments as stated in paragraphs 4(b), 4(c), or 4(d), and if Executive elects to continue participation in any group medical, dental, vision and/or prescription drug plan benefits to which Executive and/or Executive’s eligible dependents would be entitled under Section 4980B of the Code (COBRA), then for a period of time set forth in paragraph 4(b), 4(c), or 4(d) above, as applicable, following the date of termination or resignation (the “Continuing Benefits Period”), the Corporation shall pay the excess of (i) the COBRA cost of such coverage over (ii) the amount that Executive would have had to pay for such coverage if he had remained employed during the Continuing Benefits Period and paid the active employee rate for such coverage, provided, however, that (A) that if Executive becomes eligible to receive group health benefits under a program of a subsequent employer or otherwise (including coverage available to Executive’s spouse), the Corporation’s obligation to pay any portion of the cost of health coverage as described herein shall cease, except as otherwise provided by law; (B) the Continuing Benefits Period shall run concurrently with any period for which Executive is eligible to elect health coverage under COBRA; (C) for all months after the initial 18 months of the Continuing Benefits Period, if applicable, the Corporation-paid portion of the monthly premium for such group health benefits, determined in accordance with Code Section 4980B and the regulations thereunder, shall be treated as taxable compensation by including such amount in Executive’s income in accordance with applicable rules and regulations; (D) during the Continuing Benefits Period, the benefits provided in any one calendar year shall not affect the amount of benefits provided in any other calendar year (other than the effect of any overall coverage benefits under the applicable plans); (E) the payment or reimbursement of an eligible taxable expense shall be made as soon as practicable but not later than December 31 of the year following the year in which the expense was incurred; and (F) Executive’s rights to such payment during the Continuing Benefits Period shall not be subject to liquidation or exchange for another benefit. If Executive would not be eligible for continued coverage under the Corporation’s group medical, dental, vision and/or prescription dr...
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Continuing benefits means medical, dental, vision, long-term care, life and disability insurance coverage and any post-employment entitlement for six (6) months following the termination (which period shall be extended to twelve (12) months for any termination on or after April 15, 2005) at levels comparable to that provided immediately prior to your termination (all at the cost of the Company except for any contributions paid by you prior to the termination). Notwithstanding the foregoing, if such termination occurs within twelve (12) months following a Change of Control, the Severance Pay shall be payable, at your election, either in a lump sum within thirty (30) days of the date of employment termination or in periodic payments over a period not to exceed three (3) years.
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Related to Continuing benefits

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Change in Control Benefits means the following benefits:

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Employment benefits means all benefits provided or made

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Fringe benefits means the amount of:

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.