Benefit Plan Coverage Sample Clauses

Benefit Plan Coverage. Benefit plans shall include coverage for dependents based on Medical Services Plan eligibility rules, if required by the employee.

Benefit Plan Coverage. The Company shall maintain in full force and effect for Employee and his dependents for one year after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which Employee or his dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termination, provided that such continued participation is possible under the general terms and provisions of such benefit plans, programs and arrangements. In the event that participation in any benefit plan, program or arrangement described above is barred, or any such benefit plan, program or arrangement is discontinued or the benefits thereunder materially reduced, the Company shall arrange to provide Employee and his dependents for two years after the date of termination with benefits substantially similar to those that they were entitled to receive under such benefit plans, programs and arrangements immediately prior to the date of termination. If immediately prior to the date of termination the Company provided Employee with any club memberships, Employee will be entitled to continue such memberships at his sole expense. Notwithstanding any time period for continued benefits stated in this Paragraph 7.b.iii, all benefits in this Paragraph 7.b.iii will terminate on the date that Employee becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that Employee was required to contribute amounts for the benefits described in this Paragraph 7.b.iii prior to his termination, he shall continue to contribute such amounts for such time as these benefits continue in effect after termination.

Benefit Plan Coverage. The Company shall maintain in full force and effect for ▇▇▇▇▇▇▇ and his dependents for six months after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which ▇▇▇▇▇▇▇ or his dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termination, provided that such continued participation is possible under the general terms and provisions of such benefit plans, programs and arrangements. In the event that participation in any benefit plan, program or arrangement described above is barred, or any such benefit plan, program or arrangement is discontinued or the benefits thereunder materially reduced, the Company shall arrange to provide ▇▇▇▇▇▇▇ and his dependents for six months after the date of termination with benefits substantially similar to those that they were entitled to receive under such benefit plans, programs and arrangements immediately prior to the date of termination. Notwithstanding any time period for continued benefits stated in this Paragraph 8b.iii, all benefits in this Paragraph 8b.iii will terminate on the date that ▇▇▇▇▇▇▇ becomes an employee of another employer and eligible to participate in the employee benefit plans of such other employer. To the extent that ▇▇▇▇▇▇▇ was required to contribute amounts for the benefits described in this Paragraph 8b.iii prior to his termination, he shall continue to contribute such amounts for such time as these benefits continue in effect after termination.

Benefit Plan Coverage. Executive (and Executive's spouse and dependents where applicable) will receive coverage under Acquiror's group health plan, group dental plan, and group life and AD&D plan (the "Group Plans") at Acquiror's expense, from and after the Effective Time for a period of 36 months. In lieu of such coverage under the Group Plans, Acquiror may pay the Executive the present value of such benefits (grossed-up under Section 5 of the Executive's Employment Agreement with the Company); provided that Executive shall then be allowed to continue in Acquiror's Group Plans for 36 months upon payment of premiums for coverage under the same to Acquiror.

Benefit Plan Coverage. During an employee's period of seasonal lay-off, Employer paid coverage will continue under the Authority's Dental Plan, Alberta Health Care Plan, the Authority's Basic Life Insurance and Death Benefit. With the exception of the coverage outlined in (a), seasonal employees are not covered by the Authority's benefit plans during their period of seasonal lay-off. Seasonal employees may, however, elect to continue the Authority's extended health care and optional life insurance coverage during their period of seasonal lay-off by paying the full cost of continued coverage.

Benefit Plan Coverage. (a) In the event Buyer does not continue the Benefit Plans set forth on Schedule 7.4, Buyer shall take commercially reasonable efforts to cause the employees of the Surviving Corporation (the “Continuing Employees”) to be eligible for employee benefit plans that are substantially similar in the aggregate to the benefits provided to similarly situated employees of Buyer and its Affiliates. To the extent Buyer elects to have Continuing Employees, and their eligible dependents where applicable, participate in Buyer’s employee benefit plans, programs or policies following the Closing Date, (i) Buyer will allow such Continuing Employees, and their eligible dependents where applicable, to participate in such plans, programs and policies on terms substantially similar to those provided to similarly situated employees of Buyer and its Affiliates, (ii) each such Continuing Employee will receive credit for purposes of eligibility to participate, vesting, and years of seniority under such plans, programs and policies for years of service with the Company prior to the Closing Date to the same extent that such Continuing Employee would have received credit for service under such plans, programs and policies if the Continuing Employee’s service had been rendered to Buyer, and (iii) Buyer will use commercially reasonable efforts to give credit for any co-payments or deductibles paid by the Continuing Employees during the year in which the Closing Date occurs to the extent that that the Company timely provides to Buyer, in a commercially reasonable format, the requisite data concerning such expenditures by the Continuing Employees through the Closing Date and will to the extent practicable cause any and all pre-existing condition limitations, eligibility waiting periods and evidence of insurability requirements under any group health plans of Buyer and its Affiliates in which such Continuing Employees and their eligible dependents will participate to be waived. (b) Buyer acknowledges that the Closing Working Capital will contain an accrual for amounts to be contributed to the Profit Sharing and 401(k) Plan. Buyer shall cause a contribution in the amount of such accrual to be made, for the benefit of the Continuing Employees, to the profit sharing plan for the year ending December 31, 2012 that the Continuing Employees participate in following the Closing. (c) The Parties acknowledge and agree that all provisions contained in this Section 7.4 with respect to employees are ...

Benefit Plan Coverage. There has been no amendment to, or announcement by Seller, the Company or any other Subsidiary of Seller relating to, any Seller Benefit Plan, Company Benefit Plan or International Employee Plan, which would materially increase the expense of maintaining such plan above the level of the expense incurred therefor for the most recent fiscal year. Each of Seller, the Company or any other Subsidiary of Seller, as applicable, may amend or terminate any Seller Benefit Plan, International Employee Plan or Company Benefit Plan (other than any plan that is an individual agreement or arrangement with an Acquired Employee or Service Provider (including an individual award or similar participation agreement under a Seller Benefit Plan, International Employee Plan or Company Benefit Plan) that requires the Acquired Employee or Service Provider’s consent of such amendment or termination) at any time without incurring any liability thereunder, other than in respect of claims incurred prior to such amendment or termination and the customary costs of implementing such amendment or termination.

Benefit Plan Coverage. Buyer agrees that, as of the Closing Date and through the second anniversary of the Closing Date, Buyer shall provide or otherwise make available to the Transferred Employees a level of group health care benefits which, individually, is not materially less favorable to the Transferred Employees than the group health care benefits provided or made available to them by the Acquired Asset Entities immediately prior to the Closing and, to the extent permitted in providing group health care benefits, Buyer will recognize all deductibles and coinsurance payments accrued by the Transferred Employees during the plan year in which the Closing Date occurs and to waive any preexisting condition limitations for the Transferred Employees to the extent such conditions were waived or satisfied prior to the Closing Date under the terms of the Acquired Asset Entities’ corresponding group health plan. Buyer further agrees that, beginning no later than January 1, 2007 and through the second anniversary of the Closing Date, Buyer shall maintain and sponsor a 401(k) plan that recognizes service with the Acquired Asset Entities for the purpose of determining eligibility and vesting (but not for purposes of benefit accrual) and that provides Transferred Employees with benefits that are not materially less favorable than those provided to such Transferred Employees under the Acquired Asset Entities’ 401(k) plan. Buyer shall recognize the service of Transferred Employees with the Acquired Asset Entities and its Affiliates for the purposes of determining eligibility to participate and vesting under any severance, paid time off or other similar plan, policy or arrangement of Buyer under which such Transferred Employees are otherwise covered.

Benefit Plan Coverage. The Company shall maintain in full force and effect for Employee and his dependents for six months after the date of termination, all life, health, accident, and disability benefit plans and other similar employee benefit plans, programs and arrangements in which Employee or his dependents were entitled to participate immediately prior to the date of termination, in such amounts as were in effect immediately prior to the date of termina tion.