Welfare Continuation Period definition

Welfare Continuation Period means, as to any Participant the Welfare Continuation Period set forth in Exhibit B applicable to the Participant’s position as of the date of Termination with respect to a Qualifying Termination or a Qualifying Change in Control Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participation Notice and Agreement; provided, however, that the Welfare Continuation Period shall terminate earlier as of the date the Participant becomes eligible to receive any health benefits as a result of subsequent employment or service.
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Welfare Continuation Period means, as to any Participant, the Welfare Continuation Period set forth in Exhibit B applicable to the Participant’s position as of immediately prior to such Participant’s Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participant’s Participation Notice and Agreement.
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Welfare Continuation Period means the period commencing on a Participant’s Termination Date and ending eighteen (18) months after the Termination Date.
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Examples of Welfare Continuation Period in a sentence

  • The benefits otherwise receivable by you pursuant to this paragraph (iii) shall be reduced to the extent comparable benefits are actually received by you during the Welfare Continuation Period.

  • Subject to the benefits offset described below, the Corporation will arrange to make available to you life and health insurance benefits during the Welfare Continuation Period (as defined below) that are substantially similar to those which you were receiving under a Corporation-sponsored welfare benefit plan immediately prior to the Date of Termination or, if more favorable to you, immediately prior to the Applicable Event.

  • The Welfare Continuation Period extends from the Date of Termination for a period of thirty-six (36) months, or, if earlier, until your 65th birthday.

  • The Welfare Continuation Period extends from the Separation Date for a period of thirty-six (36) months, or, if earlier, until the Employee attains age sixty-five (65).

  • Subject to the benefits offset described below, the Corporation will arrange to make available to the Employee life and health insurance benefits during the Welfare Continuation Period (as defined below) that are substantially similar to those which the Employee was receiving under a Corporation-sponsored welfare benefit plan immediately prior to the Separation Date or, if more favorable to the Employee, immediately prior to the Applicable Event.

  • If eligible for such coverage, the Employee may elect to commence participation in retiree medical benefits coverage at any time following the expiration of the Welfare Continuation Period (or immediately after the Separation Date, if the Employee satisfies the eligibility requirements without taking into consideration the additional three years of service and age).

  • The benefits otherwise receivable by the Employee pursuant to this paragraph (iii) shall be reduced to the extent comparable benefits are actually received by the Employee during the Welfare Continuation Period.

  • The Welfare Continuation Period extends from the Date of Termination for a period of twenty-four (24) months.

  • If eligible for such coverage, you may elect to commence participation in retiree medical benefits coverage at any time following the expiration of the Welfare Continuation Period (or immediately after the Date of Termination, if you satisfy the eligibility requirements without taking into consideration the additional three years of service and age).

  • To the extent permitted by applicable law, the period of time during which the Employee is receiving coverage during the Welfare Continuation Period shall run concurrently with the coverage continuation period federally mandated under the Consolidated Omnibus Budget Reconciliation Act (or similar state law).


More Definitions of Welfare Continuation Period

Welfare Continuation Period means, as to any Participant, the Welfare Continuation Period set forth in Exhibit B applicable to the Participant’s position as of immediately prior to such Participant’s Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participant’s Participation Notice and Agreement; provided, however, that the Welfare Continuation Period shall terminate earlier as of the date on which the Participant becomes eligible to receive any health benefits as a result of subsequent employment or service.
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Welfare Continuation Period means a period of 36 months from the Participant’s Date of Termination, or, if earlier, until the Participant’s 65th birthday.
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Welfare Continuation Period means the period during which Welfare Continuation is provided to any Participant.
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Welfare Continuation Period means a period of 36 months from the Participant’s Date of Termination. Section 3. Participation 3.01 Participation. The following individuals are eligible to be Participants in the Plan: (i) each executive of the Corporation at the Vice President level and above, and (ii) any other employee of the Corporation or an Affiliated Company who is designated as a Participant by the Board. The Board shall designate each Participant in the Plan and shall designate each Participant as a Tier I, II, or III executive for purposes of determining the Lump Sum Severance Payment provided in Section 4.03(d)(2) below. Section 4. Compensation Upon Termination of Employment or During Disability 4.01 Waiver and General Release. As a condition to receiving any severance benefits under Section 4.03(d) of this Plan, a Participant shall be required to sign and deliver to the Corporation, and may not revoke or violate the terms of, a waiver and general release of claims, substantially in the form attached as Appendix A, as may be revised from time to time to comply with applicable law and to reflect changes made in the Corporation’s standard form of general release of all claims. Severance benefits provided under this Plan will begin or be paid to a Participant on the 60th day after his or her Separation from Service (or such later date as provided in this Plan) only if the Participant has signed the required general release of claims and it has become irrevocable before such 60th day. 4.02 Entitlement to Severance Benefits. Subject to Section 4.01, a Participant shall be entitled to severance benefits as provided under Section 4.03(d) of this Plan only upon a termination of employment that occurs: (a) upon or within 24 months following a Change in Control unless such termination is because of the Participant’s death or Disability, by the Corporation for Cause, or by the Participant other than for Good Reason, or (b) prior to a Change in Control unless such termination is because of the Participant’s death or Disability, by the Corporation for Cause, or by the Participant other than for Good Reason, and (1) either (i) the Participant reasonably demonstrates that such termination was at the request of or as a result of actions by a third party who has taken steps reasonably calculated to effect a Change in Control or (ii) such termination occurs during a Potential Change in Control Period, and (2) a 409A Change in Control occurs within 24 months following such termination of employ...
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Welfare Continuation Period means the Welfare Continuation Period set forth in a Participant’s Acknowledgement; provided, however, that the Welfare Continuation Period shall terminate earlier as of the date upon which the applicable Participant becomes eligible to receive any health benefits as a result of subsequent employment or service following a Covered Termination.
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Related to Welfare Continuation Period

  • 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.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • COBRA continuation provision means any of the following:

  • Continuation Date means any date on which Borrower continues a LIBOR Advance into another Interest Period.

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Extended benefit period means a period which:

  • Post-Employment Period means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • COBRA Period means the period beginning on the Date of Termination and ending on the first anniversary thereof.

  • Continuation Notice as defined in Section 2.17(a).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • insurance period means a contribution period or an equivalent period;

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.