Benefit Plans Clause Example with 5 Variations from Business Contracts

This page contains Benefit Plans clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Benefit Plans. If you are currently participating in the Company's group health insurance plans as of the Separation Date, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. Your participation in E...mployer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of the Separation Date. Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan rollover procedures should you be a participant in this program. View More Arrow
Found in HEAT BIOLOGICS, INC. contract

Variations of a "Benefit Plans" Clause from Business Contracts

Benefit Plans. If you are currently participating in the Company's group health insurance plans (including general health, vision and/or dental), your participation as an employee will end on the last day of the month in which the Separation Date, Date occurs. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. ...Later, you may be able to convert to an individual policy through the applicable provider of the Company's health insurance, if you wish. Your participation as an active participant in the Company's 401(k) savings plan, Employer-Sponsored Accidental Death and Dismemberment Insurance, Employer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of the Separation Date. If you participated in the Company's 401(k) savings plan, you will be entitled to a distributions of your account in accordance with its terms and conditions. You will also be entitled to any conversion rights under the life and disability plans to the extent provided under applicable law. Deductions for the 401(k) Plan plan will end with your last regular paycheck. You will may receive or request additional information by mail from the plan provider concerning 401(k) plan rollover procedures should you be a participant in this program. View More Arrow
Found in Gain Therapeutics, Inc. contract
Benefit Plans. If you are currently participating in the Company's group health insurance plans plans, your participation as an employee will end on [the Separation Date] or [the last day of the Separation Date, month in which separation occurs]. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may... be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. Your participation in Employer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of the Separation Date. [Name] [Date] Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan rollover procedures should you be a participant in this program. You may be eligible for unemployment insurance ("UI") benefits after the Separation Date. The Massachusetts Department of Unemployment Assistance, not the Company, will determine your eligibility for such benefits. View More Arrow
Found in 4 Contracts from PROTEOSTASIS THERAPEUTICS, INC.
Benefit Plans. If you are currently participating in the Company's group health insurance plans plans, your participation as an employee will end on [the Separation Date] or [the last day of the Separation Date, month in which separation occurs]. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may... be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. Your participation in Employer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of the Separation Date. Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan rollover procedures should you be a participant in this program. You may be eligible for unemployment insurance benefits after the Separation Date. The Massachusetts Department of Unemployment Assistance, not the Company, will determine your eligibility for such benefits. View More Arrow
Found in Adagio Therapeutics, Inc. contract
Benefit Plans. If you are currently participating in the Company's group health insurance plans plans, your participation as an employee will end on the last day of the Separation Date, month in which separation occurs, depending on the terms of the Plan. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. expen...se, with the Company paying for your and your dependents' premiums as described in Section 2 above, if applicable. Later, you may be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. Your participation in Employer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of your Separation Date; however, you may elect to convert your Employer-Sponsored Group Life Insurance by contacting Jessica DeGraff at 434-980-8109 on or before the date that is twenty (20) days after your Separation Date. Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan Plan rollover procedures should you be a participant in this program. View More Arrow
Found in Verrica Pharmaceuticals Inc. contract
Benefit Plans. If you are currently participating in the Company's group health insurance plans plans, your participation as of the Separation Date, an employee will end on September 20, 2019. Thereafter, to the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may be able to convert to an individual policy through th...e provider of the Company's health insurance, if you wish. Your participation in Employer-Sponsored Group Life Insurance and Short and Long Term Disability Insurance will cease as of the Separation Date. Deductions for the 401(k) Plan will end with your last regular paycheck. You will receive information by mail concerning 401(k) plan rollover procedures should you be a participant in this program. View More Arrow
Found in HEAT BIOLOGICS, INC. contract