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Health Continuation Coverage
Health Continuation Coverage contract clause examples
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Continuation. Except as expressly amended and modified pursuant to the terms of this Second Amendment, the Agreement continues in full force and effect. In the event of any conflict between the terms of this Second Amendment and the terms of the Agreement, the terms of this Second Amendment shall govern. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

Continuation. The Company intends to continue this ERA indefinitely, but nevertheless assumes no contractual obligation beyond the promise to pay the benefits described in this ERA.

Continuation. Except as specifically amended hereby, the Omnibus Plan shall continue in full force and effect.

With respect to Health and Welfare Benefits that are not eligible for continuation coverage under COBRA, in the event is unable to continue Employee’s participation under ’s then existing insurance policies for such Health and Welfare Benefits, Employee may elect to obtain coverage for such Health and Welfare Benefits either by # obtaining individual coverage for Employee (if Employee qualifies for individual coverage); or # electing coverage as an eligible dependent under another person’s group coverage (if Employee qualifies for such dependent coverage), or any combination of the foregoing alternatives. shall pay directly or reimburse to Employee the monthly premiums for the benefits or coverage selected by Employee, with such payment or reimbursement not to exceed the monthly premiums paid for such Health and Welfare Benefits at the time of termination of Employee’s employment with . ’s obligation to pay or reimburse for the Health and Welfare Benefits covered by this [Section 2(b)(ii)] shall terminate upon the earlier of # the end of the Severance Period; and # Employee’s employment by an employer that provides Employee with group coverage substantially similar to the Health and Welfare Benefits provided to Employee at the time of the termination of Employee’s employment with , provided that Employee is eligible for participation in such group coverage. Employee acknowledges and agrees that shall not be obligated to provide any Health and Welfare Benefits covered by this [Section 2(b)(ii)] for Employee if Employee does not qualify for coverage under ’s existing insurance policies for such Health and Welfare Benefits, for individual coverage, or for dependent coverage.

if Employee is eligible for and takes all steps necessary to continue Employee’s group health insurance coverage with [[Organization A:Organization]] following [[Organization A:Organization]] Termination Date (including completing and returning [[Organization A:Organization]] forms necessary to elect COBRA coverage), pay for [[Organization A:Organization]] portion of [[Organization A:Organization]] premium costs for such coverage that [[Organization A:Organization]] would pay if Employee remained employed by [[Organization A:Organization]], at [[Organization A:Organization]] same level of coverage that was in effect as of [[Organization A:Organization]] Termination Date, through [[Organization A:Organization]] earliest of: # [[Organization A:Organization]] eighteen (18) month anniversary of [[Organization A:Organization]] Termination Date, # [[Organization A:Organization]] date Employee becomes eligible for group health insurance coverage from any other employer, or # [[Organization A:Organization]] date Employee is no longer eligible to continue Employee’s group health insurance coverage with [[Organization A:Organization]] under applicable law (“Post-CIC Benefits Continuation Payments”).

if Executive (or, following Executive’s death, Executive’s spouse) is eligible for and timely elects medical continuation coverage under the Consolidated Omnibus Reconciliation Act of 1985 for Executive and Executive’s spouse and/or dependents then currently enrolled in such coverage (“COBRA Continuation Coverage”), the Company will pay through the COBRA Payment End Date (as defined below) the monthly premiums for the level of coverage Executive maintained on the date of termination. The “COBRA Payment End Date” shall be the earlier of # 12 months following the date of termination and # the date Executive becomes employed by a third party and is eligible for coverage under any group health plan of the new employer. If during the period Executive is receiving COBRA Continuation Coverage, Executive obtains new employment and becomes eligible for coverage under the group benefits plan of the new employer, Executive shall promptly notify the Company in writing of such eligibility.

Rosengarten acknowledges and agrees that under Section 6 of the Employment Agreement, she was not entitled to receive any payments from the Bank toward COBRA continuation coverage until the first (1st) day of the seventh (7th) month after the month in which the Separation Date occurred. In consideration of Rosengarten’s undertakings in this Agreement, and at her request, the Bank has agreed to modify the schedule of the Bank’s payments toward Rosengarten’s COBRA continuation coverage as described in this Paragraph 3(C). If Rosengarten was covered by the Bank’s group health and/or dental insurance plans as of the Separation Date, and Rosengarten timely elects COBRA continuation coverage, then the Bank will pay toward such COBRA continuation coverage the difference between the total cost of premiums for COBRA coverage and the Bank’s normal employee share of health insurance premiums, for the period beginning as of the date the Revocation Period expires and ending on the earlier to occur of: # the end of the Severance Period; or # the date on which Rosengarten becomes eligible for other group health and/or dental insurance coverage. Rosengarten will be responsible for timely paying, pursuant to the mandates of COBRA, the Bank’s normal employee share of premiums toward COBRA coverage during such period of Bank-subsidized COBRA coverage, and Rosengarten agrees and acknowledges that her portion of COBRA coverage will be deducted by the Bank, on an after-tax basis, from the severance payments to be made to Rosengarten under Paragraph 3(A), above. The Bank’s payments towards such coverage shall be reported as taxable compensation to Rosengarten. Should Rosengarten wish to continue COBRA coverage after the period of time during which the Bank subsidizes such coverage under this Paragraph 3(C), Rosengarten acknowledges and agrees that she will be solely responsible for payment of any and all amounts required to continue coverage in accordance with the mandates of COBRA. Rosengarten agrees that within five (5) calendar days of becoming eligible for other group health or dental insurance, she will inform the Bank of such fact in writing;

If Lammersfeld was covered by the Bank's group health and/or dental insurance plans as of the Separation Date, and Lammersfeld timely elects COBRA continuation coverage, then the Bank will pay toward such COBRA continuation coverage and reimburse Lammersfeld at least monthly, an amount equal to the difference between the total cost of premiums for COBRA coverage and the Bank's normal employee share of health and/or dental insurance premiums, for the period beginning as of the first of the month following the Separation Date and expiring and ending on the earlier to occur of: # the end of the fifteenth # month following the date of the severance payment; or # the date on which Lammersfeld becomes eligible for other group health and/or dental insurance coverage. Lammersfeld will be responsible for timely payment of the full cost of premiums toward COBRA coverage pursuant to the mandates of COBRA. During such period of Bank-subsidized COBRA coverage, Lammersfeld agrees and acknowledges that the Bank's reimbursement towards such coverage shall be reported as taxable compensation to Lammersfeld. Should Lammersfeld wish to continue COBRA coverage after the period of time during which the Bank subsidizes such coverage under this Paragraph 3(B), Lammersfeld acknowledges and agrees that he will be solely responsible for payment of any and all amounts required to continue coverage in accordance with the mandates of COBRA. Lammersfeld agrees that within five (5) calendar days of becoming eligible for other group health or dental insurance, he will inform the Bank of such fact in writing;

COBRA Health Benefit. Subject to the Company’s right of election for an alternative lump-sum payment under [Section 9(d)] hereof, if you are subject to an Involuntary Termination and you elect to continue your health insurance coverage under 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 earliest of # the close of the six (6) month period following your Separation, # the 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.

Now Health: Now Health Corp., a Florida corporation and consolidated subsidiary of Puget.

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