Continuation Benefits

Example Definitions of "Continuation Benefits"
Continuation Benefits. Shall have the meaning given such terms in the employment agreement between the Corporation and the Executive.
Found in WACHOVIA CORP contract
Continuation Benefits. Shall have the The meaning given such terms in the employment agreement between the Corporation and the Executive.
Found in WACHOVIA CORP contract
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Continuation Benefits. Shall be the continuation of the benefits, as detailed in the Offer Letter, for the period commencing on the Termination Date and terminating 12 months thereafter, or such other period as specifically stated herein (the "Continuation Period") at the Company's expense on behalf of the Employee and his dependents; and the level and availability of benefits provided during the Continuation Period shall at all times be subject to the post-employment conversion or portability provisions of the... benefit plans. The Company's obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain any such benefits pursuant to a subsequent employer's benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee hereunder as long as the aggregate coverage and benefits of the combined benefit plans is no less favorable to the Employee than the coverage and benefits required to be provided hereunder. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, his dependents or beneficiaries may be entitled under any of the Company's employee benefit plans, programs or practices following the Employee's termination of employment, including, without limitation, retiree medical and life insurance benefits. View More Arrow
Found in DLH Holdings Corp. contract
Continuation Benefits. Shall be the continuation for a period of the benefits, as detailed in the Offer Letter, for the period commencing on twenty-four (24) months from the Termination Date and terminating 12 months thereafter, or such other period as specifically stated herein (the "Continuation Period") at the Company's expense on behalf of the Employee Executive and his dependents; dependents and beneficiaries, of the level life insurance, disability, medical, dental and availability hospitalization benefits... provided (x) to the Executive at any time during the ninety (90) day period prior to the Change in Control or at any time thereafter or (y) to other similarly situated executives who continue in the employ of the Company during the Continuation Period. The coverage and benefits (including deductibles and costs) provided during the Continuation Period shall at all times be subject no less favorable to the post-employment conversion or portability provisions Executive, and his dependents and beneficiaries, than the most favorable of such coverages and benefits during any of the benefit plans. periods referred to in clauses (x) and (y) above. The Company's obligation hereunder with respect to the foregoing benefits shall also be limited to the extent that if the Employee is eligible to obtain Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, the Company may reduce the coverage of any benefits it is required to provide the Employee Executive hereunder as long as the aggregate coverage coverages and benefits of the combined benefit plans is no less favorable to the Employee Executive than the coverage coverages and benefits required to be provided hereunder. In the event any amounts attributable to these Continuation Benefits are includible in the gross income of the Executive for federal income tax purposes, the Company shall, in addition to the benefits set forth above, pay the Executive a Gross Up Payment on the amount so includible in Executive's gross income. Notwithstanding the foregoing, in lieu of providing the foregoing benefits, the Company may pay the Executive an amount equal to the cost to the Executive of obtaining comparable Continuation Benefits plus a Gross Up Payment with respect to such amount. This definition of Continuation Benefits shall not be interpreted so as to limit any benefits to which the Employee, Executive, his dependents or beneficiaries may be entitled under any of the Company's employee benefit plans, programs or practices following the Employee's Executive's termination of employment, including, without limitation, retiree medical and life insurance benefits. View More Arrow
Found in DLH Holdings Corp. contract
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Continuation Benefits. For purposes herein, the terms "Change of Control," Continuation Benefits," and "Compensation Period" shall have the meaning given such terms in the employment agreement between the Corporation and the Executive.
Found in WACHOVIA CORP contract
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