Benefits Continuation. Subject to the Employee signing and not revoking a release of claims in a form prescribed by the Corporation and the Employee remaining in strict compliance with the terms of this Agreement and any other written agreements between the Corporation and the Employee, the Corporation will pay the employer portion of the Employee’s COBRA premiums for health and dental insurance coverage under the Corporation’s group health and dental insurance plans for the same period of time the Employee remains eligible to receive the Severance Payment installments under [Section 6(b)(iii)] (up to a maximum of twelve (12) months), provided the Employee timely elects COBRA coverage. Notwithstanding the foregoing, the Corporation will discontinue COBRA premium payments if, and at such time as, the Employee # is eligible to be covered under the health and/or dental insurance policy of a new employer, # ceases to participate, for whatever reason, in the Corporation’s group insurance plans, or # ceases to be eligible to receive the Severance Payment installments under [Section 6(b)(iii)].
Benefits Continuation. Subject to the Employee signing and not revoking a release of claims in a form prescribed by the Corporation and the Employee remaining in strict compliance with the terms of this Agreement and any other written agreements between the Corporation and the Employee, the Corporation will pay the employer portion of the Employee’s COBRA premiums for health and dental insurance coverage under the Corporation’s group health and dental insurance plans for the same period of time the Employee remains eligible to receive the Severance Payment installments under [Section 6(b)c)(iii)] (up to a maximum of twelve (12)eighteen (18) months), provided the Employee timely elects COBRA coverage. Notwithstanding the foregoing, the Corporation will discontinue COBRA premium payments if, and at such time as, the Employee # is eligible to be covered under the health and/or dental insurance policy of a new employer, # ceases to participate, for whatever reason, in the Corporation’s group insurance plans, or # ceases to be eligible to receive the Severance Payment installments under [Section 6(b)(iii)].
Severance Payment installments under [Section 6(b)(iii)] (up to a maximum of twelve (12) months), provided theHealth Premium Reimbursements. If Employee timely elects to continue his Company-provided group health insurance coverage pursuant to the federal COBRA coverage. Notwithstandinglaw, the foregoing,Company will reimburse Employee for the Corporation will discontinuecost of such COBRA premium payments if,premiums to continue health insurance coverage at the same level of coverage for Employee and athis dependents (if applicable) in effect as of the termination date, through the end of six (6) months or until such time as, theas Employee # is eligible to be covered under thequalifies for health and/or dental insurance policy ofbenefits through a new employer, # ceases to participate, for whatever reason,whichever occurs first. Employee shall notify the Company in the Corporation’s group insurance plans, or # ceases to be eligible to receive the Severance Payment installments under [Section 6(b)(iii)].writing of such new employment not later than five (5) business days after securing it.
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