Example ContractsClausescontinuation of benefits after the termination dateVariants
Continuation of Benefits After the Termination Date
Continuation of Benefits After the Termination Date contract clause examples

Benefits provided pursuant to this Section 6(a)(iii) are contractual only and are not to be considered a continuation of coverage as provided under Code Section 4980B (i.e., COBRA continuation coverage). For purposes of determining the Executive’s eligibility (but not the time of commencement of coverage) for retiree benefits pursuant to such plans and programs, the Executive shall be considered to have remained employed until two years after the Date of Termination and to have retired on the last day of such period, and, if the Executive satisfies the eligibility requirements, such benefits shall commence no later than the expiration of the two-year continuation period provided in the first sentence of this Section 6(a)(iii).

Benefits provided pursuant to this [Section 6(a)(iii)] are contractual only and are not to be considered a continuation of coverage as provided under Code Section 4980B (i.e., COBRA continuation coverage). For purposes of determining the Executive’s eligibility (but not the time of commencement of coverage) for retiree benefits pursuant to such plans and programs, the Executive shall be considered to have remained employed until three years after the Date of Termination and to have retired on the last day of such period, and, if the Executive satisfies the eligibility requirements, such benefits shall commence no later than the expiration of the three-year continuation period provided in the first sentence of this [Section 6(a)(iii)].

Subject to Section 3(d) and Executive’s continued compliance with Section 7, for the period beginning on the Date of Termination and ending on the date which is eighteen (18) full months following the Date of Termination (or, if earlier, the date on which the applicable continuation period under COBRA expires) (theCOBRA Coverage Period”), the Company shall continue to provide Executive and Executive’s eligible dependents who were covered under the Company’s health insurance plans as of the Date of Termination with health (including medical and dental) insurance benefits substantially similar to those provided to Executive and Executive’s dependents immediately prior to the Date of Termination. If any of the Company’s health benefits are self-funded as of the Date of Termination, or if the Company cannot provide the foregoing benefits in a manner that is exempt from or otherwise compliant with

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