Example ContractsClausescobra severanceVariants
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COBRA Premium. If the Employee elects to receive COBRA benefits upon termination, the Company shall pay the premium for coverage of the Employee and the Employee's eligible spouse and/or dependents under the Company's group health plan(s) pursuant to the Consolidated Omnibus Budget Reconciliation Act for the one-year period beginning on the Termination Date.

COBRA Premium. If the Employee elects to receive COBRA benefits upon termination,termination the Company shall pay the premium for coverage of the Employee and the Employee'Employee’s eligible spouse and/or dependents under the Company'Company’s group health plan(s) pursuant to the Consolidated Omnibus Budget Reconciliation Act for the one-year period beginning on the Termination Date.

COBRA Premium.

Severance Health Premium Reimbursements. If the Employee timely elects to receive COBRA benefits upon termination, the Company shall pay the premium for coverage of the Employee and the Employee's eligible spouse and/or dependents under the Company'scontinue his Company-provided group health plan(s)insurance coverage pursuant to the Consolidated Omnibus Budget Reconciliation Actfederal COBRA law, the Company will reimburse Employee for the one-year period beginning oncost of such COBRA premiums to continue health insurance coverage at the Termination Date.same level of coverage for Employee and his dependents (if applicable) in effect as of the termination date, through the end of six (6) months or until such time as Employee qualifies for health insurance benefits through a new employer, whichever occurs first. Employee shall notify the Company in writing of such new employment not later than five (5) business days after securing it.

COBRA Premium. IfHealth Benefit. Subject to the Employee electsCompany’s right of election for an alternative lump-sum payment under [Section 9(d)] hereof, if you are subject to receive COBRA benefits upon termination, the Company shall pay the premium foran Involuntary Termination and you elect to continue your health insurance coverage of the Employee and the Employee's eligible spouse and/or dependents under the Company's group health plan(s) pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following your Separation, then the Company will pay the same portion of your monthly premium under COBRA as it pays for active employees and their eligible dependents until the one-yearearliest of # the close of the six (6) month period beginning onfollowing your Separation, # the Termination Date.expiration of your continuation coverage under COBRA or # the date when you become eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment.

COBRA Premium. If

so long as the EmployeeExecutive timely elects (and remains eligible for) health benefits continuation pursuant to receive COBRA benefits upon termination,COBRA, payment by the Company shall pay the premium for coverage of the Employee andExecutive’s applicable premiums (including spouse or family coverage if the Employee's eligible spouse and/or dependents under the Company's group health plan(s) pursuant to the Consolidated Omnibus Budget Reconciliation Act for the one-year period beginningExecutive had such coverage on the Termination Date.Date) for such continuation coverage under COBRA (payable as and when such payments become due) during the period commencing on the Termination Date and ending on the earliest to occur of # the one year anniversary of the Termination Date, and # the date on which the Executive and his or her covered dependents, if any, become eligible for health insurance coverage through another employer.

if you timely elect continued coverage under COBRA Premium. Iffor yourself and your covered dependents under the Employee elects to receive COBRA benefits upon termination,Company’s group health plans following such termination or resignation of employment, then the Company shall pay the premiumCOBRA premiums necessary to continue your health insurance coverage in effect for coverageyourself and your eligible dependents on the termination date (the “COBRA Benefits”) until the earliest of # the close of the Employee andsix (6) month period following the Employee's eligible spouse and/or dependents undertermination of your employment, # the Company's group health plan(s) pursuant to the Consolidated Omnibus Budget Reconciliation Actexpiration of your eligibility for the one-year period beginning oncontinuation coverage under COBRA, or # the Termination Date.date when you become eligible for substantially equivalent health insurance coverage in connection with

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