Welfare Benefit Continuation

Example Definitions of "Welfare Benefit Continuation"
Welfare Benefit Continuation. Means the continuation of health and dental insurance benefits to the Executive and/or the Executive's family at least equal to and on the same basis to those which would have been provided in accordance to the terms of the plans to other similarly situated employees of the Company.
Welfare Benefit Continuation. Means the continuation of health medical and dental insurance benefits to the Executive and/or the Executive's family at least equal to and on the same basis to those which would have been provided in accordance to the terms of the plans to other similarly situated employees of the Company. For the avoidance of doubt, Welfare Benefit Continuation shall not include disability, group life or other fringe benefits.
Welfare Benefit Continuation. Means the continuation of health medical and dental insurance benefits to the Executive and/or the Executive's family at least equal to and on the same basis to those which would have been provided in accordance to the terms of the plans to other similarly situated employees of the Company. For the avoidance of doubt, Welfare Benefit Continuation shall not include disability, group life or other fringe benefits.
View Variation Arrow
Welfare Benefit Continuation. Shall mean the provision of welfare benefits such that the Executive shall continue to be covered by the same or equivalent medical, dental, disability and life insurance coverages as in effect for the Executive immediately prior to the termination of his employment, provided Executive elects such coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA), until the earlier of (1) the 4 expiration of the period for which he receives severance pay pursuant this... Agreement or (2) the date the Executive has commenced new employment and has thereby become eligible for comparable benefits or (3) in the case of a Permanent Disability, eighteen (18) [CEO: twenty-four (24)] months. View More Arrow
All Definitions