Example ContractsClausescobra benefitsVariants
Remove:

receipt by Company of notification that Employee has made the necessary election of benefits continuation under COBRA. Unless terminated earlier pursuant to the Employment Agreement or at the election of Employee, the Company will continue to pay Employee the monthly installment of the Severance Benefits for the Severance Period, so long as the Company receives notification that the Employee is continuing to pay the necessary premiums to the carrier or COBRA administrator.

receipt by Company of notification that

Should Employee has made the necessary election of benefits continuation under COBRA. Unless terminated earlierelect, pursuant to the Employment Agreementprotections afforded by the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), to continue group health care coverage as is from time to time provided by or at the election of Employee,through the Company will continue to all similarly situated eligible employees, the Company shall pay Employee the monthly installmentthen applicable COBRA contribution for each month of the Severance Benefits forEmployee’s eligibility through the Severance Period, so long as the Company receives notification that theor until Employee is continuing toterminates such coverage, whichever shall occur first. Thereafter, Employee shall pay the necessary premiums toCOBRA contribution for the carrierremaining months of eligibility or COBRA administrator.until Employee terminates coverage, whichever shall occur first.

receipt by Company of notification that

Severance Health Premium Reimbursements. If Employee has made the necessary election of benefits continuation under COBRA. Unless terminated earliertimely elects to continue his Company-provided group health insurance coverage pursuant to the Employment Agreement or at the election of Employee,federal COBRA law, the Company will reimburse Employee for the cost of such COBRA premiums to continue to payhealth insurance coverage at the same level of coverage for Employee the monthly installmentand his dependents (if applicable) in effect as of the Severance Benefitstermination date, through the end of six (6) months or until such time as Employee qualifies for the Severance Period, so long ashealth insurance benefits through a new employer, whichever occurs first. Employee shall notify the Company receives notification that the Employee is continuing to pay the necessary premiums to the carrier or COBRA administrator.in writing of such new employment not later than five (5) business days after securing it.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.