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COBRA Benefits
COBRA Benefits contract clause examples

Benefits. CFO shall, in accordance with Company policy and the terms of the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to the Company’s senior management employees.

Benefits. During your employment under this Agreement, you shall be eligible to participate in any vacation programs, medical and dental plans and life insurance plans, STD and long-term disability (“LTD”) plans, retirement and other employee benefit plans the Company may have, establish or maintain from time to time and for which you qualify pursuant to the terms of the applicable plan.

Benefits. Executive shall be entitled to participate in such employee and executive benefit plans and programs as the Company may from time to time offer to provide to its executives, subject to the terms and conditions of such plans. Notwithstanding the foregoing, nothing herein is intended, or shall be construed, to require the Company to institute or continue any particular plan or benefit.

Benefits. If a Change in Control (as defined below) shall occur and concurrently therewith or during a period of twenty-four (24) months thereafter Executive’s employment hereunder is terminated by the Employer without Cause (other than for the reasons set forth in Section 3(d)) or by Executive with Good Reason (as defined below), Executive shall be entitled to receive a lump-sum cash payment, no later than thirty (30) days following the date of such termination, in an amount equal to two (2.0) times the sum of # Executive’s annual base salary then in effect (or immediately prior to any reduction resulting in a termination for Good Reason) and # the average of the last three (3) annual bonuses paid by the Employer to Executive.

Benefits. In the event that Executive’s employment is involuntarily terminated by the Employer (other than by reason of Section 3(d)) without Cause and no Change in Control shall have occurred at the date of such termination, Executive shall be entitled to receive the following benefits:

Benefits. You will be eligible for Health benefits of medical, dental, vision, and life insurance and 401(k) Retirement Plan (currently no matching) on your start date.

Benefits. During the Term, the Company shall provide the Executive with the following benefits:

Benefits. With the exceptions noted in 2.1.2, as of the Transition Start Date, as a result of the significant reduction of Employee’s hours of work, Employee will not be eligible for the employee benefit

Except as required by COBRA or similar applicable Legal Requirements, neither the Sellers nor the Company has made any promises with respect to welfare benefit plans within the meaning of Section 3(1) of ERISA that provide for continuing benefits or coverage for any former employees or retirees of the Company, including, but not limited to retiree medical benefits.

plans and programs which are from time to time generally made available to the employees of the Company, including but not limited to health/dental/vision insurance, life insurance, and disability insurance benefits under the terms of the Company’s plans. Notice regarding Employee’s rights regarding continuation of such benefits under COBRA will be sent to Employee.

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