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.
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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 months, upon payment of premiums for coverage under the same to Acquiror.
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