Benefit Amount
Benefit Amount. Means, with respect to an Eligible Employee, the monthly cost of maintaining: (A) health benefits for the Eligible Employee (and the Eligible Employee's spouse and eligible dependents) as of the Severance Date under a group health plan of the Company or its Affiliates for purposes of COBRA, excluding any short-term or long-term disability insurance benefits; and (B) life insurance benefits for the Eligible Employee as in effect on the Severance Date.
All Definitions