Amount and Duration of Severance Pay. Subject to the other provisions of this Paragraph 6, the Severance Pay will consist of: (i) continuation of Employee's initial weekly salary (or current salary, whichever is greater) for 52 weeks; (ii) continuation during the Severance Pay Period, at Company's expense, of Employee's existing benefits employee and dependent health, dental and prescription drug coverage, life insurance if possible under the policy for the remaining term of this Agreement (without affecting Employee's right to elect COBRA continuation coverage beginning on the expiration date of this Agreement), subject to Employee's continuing payment of the normal employee contribution; and (iii) if Employee dies during Severance Pay period, Severance Pay will continue for the benefit of the Employee's designated beneficiary. In addition, upon Employee's becoming entitled to Severance Pay, all options and restricted stock previously granted to Employee will vest.
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Amount and Duration of Severance Pay. Subject to the other provisions of this Paragraph 6, the Severance Pay will consist of:
(i) continuation of Employee's initial weekly salary (or current salary, whichever is greater) for 52 26 weeks;
(ii) continuation during the Severance Pay Period, at Company's expense, of Employee's existing benefits employee and dependent health, dental and prescription drug coverage, life insurance if possible under the policy for the remaining term of this Agreement (without affecting Employee's right to elect COBRA continuation coverage beginning on the expiration date of this Agreement), subject to Employee's continuing payment of the normal employee contribution; and
(iii) if Employee dies during Severance Pay period, Severance Pay will continue for the benefit of the Employee's designated beneficiary. In addition, upon Employee's becoming entitled to Severance Pay, all options and restricted stock previously granted to Employee will vest.
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