Earthlink 2013 Annual Report Download - page 189
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Nothing in this letter agreement shall be deemed an admission by the Company or any parent, subsidiary or
affiliate of the Company, or by you, of any violation of any agreement, statute, law, or right or of any wrongdoing of any
kind.
3.
Employee Benefits . You also will receive the following employee benefits:
(a)
You will have the right to elect and pay for continuation of your health insurance coverage under
the Company’
s health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”),
in accordance with the terms of the applicable Company health plans, and you will be required to pay any
sums that are required to be paid for such COBRA continuation coverage. You, or after your death, your beneficiary,
will receive a COBRA payment in the amount of $25,812.00 in a single lump sum payment on the first payroll date
occurring (and no later than thirty (30) days) after the six months following your Retirement Date or, if earlier, your
death.
(b)
You will receive your vested benefits under the Company’
s 401(k) Plan in accordance with its
terms.
(c)
You and your dependents’ rights to benefits under the Company’
s other employee benefit plans in
which you participated, if any, will be determined in accordance with the applicable plan documents.
(d)
You may retain your current Company-
provided computer and related equipment, iPad and cellular
telephone, cleared of any Company proprietary or confidential information.
4.
Standard Payments
. You, and after your death, your beneficiary, will receive payments for your earned and
unpaid base salary accrued through your Retirement Date and unreimbursed business and entertainment expenses
incurred or otherwise payable through your Retirement Date as are reimbursable under the Company’
s normal policies.
Payment of these items will be made in a manner consistent with the normal check processing schedules of the Company
but in no event later than thirty (30) days after your Retirement Date. Payment of unreimbursed medical, dental and
other employee benefit expenses shall be paid pursuant to the terms of the applicable benefit plans in which you
participated.
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