Example ContractsClauseshealth care continuationVariants
Health Care Continuation
Health Care Continuation contract clause examples

Health Care Benefit. If the Participant elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the balance of the Participant’s monthly premium under COBRA, with the Participant paying the same contribution level as previously paid under the Company’s employee health insurance coverage, until the earliest of # the COBRA Continuation Period (Other than During a Change in Control Period) as defined in the Participation Agreement, # the date when the Participant receives similar coverage with a new employer or # the expiration of the Participant’s continuation coverage under COBRA.

Health Care Benefit. If the Participant elects to continue his or her health insurance coverage under 1">the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)1">COBRA following the termination of his or her employment, then the Company shall pay the balance of the Participant’s monthly premium under COBRA, with the Participant paying the same contribution level as previously paid under the Company’s employee health insurance coverage, until the earliest of # the COBRA Continuation Period 3">(Other than During3">(During a Change in Control Period) as defined in the Participation Agreement, # the date when the Participant receives similar coverage with a new employer or # the expiration of the Participant’s continuation coverage under COBRA.

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