Cessation of Compensation. Except as provided by Sections 2.3(b), 2.4(b) and 2.4(c) of this Agreement, all compensation and benefits provided Employee under this Agreement will stop on the date of the cessation of the Employee’s employment hereunder, except where Employee is eligible for continuation of such benefits as specified by federal laws or laws of the Commonwealth of Virginia, including continuation of group health insurance benefits pursuant to the terms of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”).
Appears in 2 contracts
Sources: Settlement Agreement (Lumber Liquidators Holdings, Inc.), Executive Employment Agreement (Lumber Liquidators Holdings, Inc.)
Cessation of Compensation. Except as expressly provided by Sections 2.3(b), 2.4(b) and 2.4(c) of this Agreementherein, all compensation and benefits provided Employee under this Agreement will stop on the date of the cessation of the Employee’s employment hereunder, except where Employee is eligible for continuation of such benefits as specified by federal laws or laws of the Commonwealth of Virginia, including continuation of group health insurance benefits pursuant to the terms of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”).
Appears in 1 contract
Sources: Executive Employment Agreement (Lumber Liquidators Holdings, Inc.)