Medical Insurance Continuation. Employer shall continue to provide (under COBRA) medical insurance as in effect prior to such termination for twelve (12) months following such termination, and Employer shall bear all costs for such insurance.
Medical Insurance Continuation. For a period of 18 months commencing on the Date of Termination, the Company shall continue to keep in full force and effect all policies of medical insurance with respect to the Executive and his or her dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Date of Termination (such coverage, the “Date of Termination Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of the Company and its affiliated companies, and the Company and the Executive shall share the costs of the continuation of such insurance coverage in the same proportion as such costs were shared immediately prior to the Date of Termination, provided, however, that the Company’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the Date of Termination Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state law.
Medical Insurance Continuation. Employer shall continue to provide medical insurance as in effect prior to such termination for (X) the remainder of the term of this Agreement as it may be extended from time to time in the event such termination occurs before the second anniversary of this Agreement or (Y) twelve (12) months in the event such termination occurs after the second anniversary of this Agreement, PROVIDED that Employee's right to such benefits shall cease immediately upon the commencement of employment with a new employer.
Medical Insurance Continuation. If Employee elects to continue coverage for himself and his family under the Company’s group medical plan pursuant to COBRA, the Company shall pay the premiums to continue such coverage from the Separation Date through June 2014, including continued coverage for Employee’s family during that period in the event Employee dies before June 30, 2014. Thereafter, Employee shall be solely responsible for any COBRA payments or continued coverage under the Company’s medical plan (under the terms of COBRA).
Medical Insurance Continuation. Subject to Section 3(d), for a period of 18 months commencing on the Termination Date during which the Executive would be entitled to continuation coverage under Section 4980B of the Code (“COBRA”) (without regard to any extensions of such period by reason of disability or subsequent qualifying events occurring after the Termination Date) the Company shall continue to keep in full force and effect all policies of medical insurance with respect to the Executive and his or her dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect immediately prior to the Termination Date (such coverage, the “Termination Date Coverage”) or, if more favorable to the Executive, as provided generally with respect to other peer executives of the Company and its affiliated companies, and the Company and the Executive shall share the costs of the continuation of such insurance coverage in the same proportion as such costs were shared immediately prior to the Termination Date, provided, however, that the Company’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the Termination Date Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under COBRA, or any similar state law.
Medical Insurance Continuation. For a period of 18 months commencing on the Termination Date, SHI shall allow the Executive and his eligible dependents to participate in the group medical coverage made available by SHI or one of its affiliates to active employees of SHI during such 18-month period (such coverage, the “SHI Coverage”) and SHI and the Executive shall share the costs of the continuation of such medical coverage in the same proportion as such costs were shared immediately prior to the Termination Date, provided, however, that SHI’s obligation to continue to provide this benefit shall terminate at such time that the Executive commences employment with another employer and becomes eligible to receive medical insurance coverage under an employer-provided plan that is generally comparable to the SHI Coverage. The coverage provided hereunder shall be applied toward the satisfaction of, and shall not supplement, the Executive’s right to continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state law. Executive Outplacement. SHI will pay for and provide to the Executive outplacement services with an outplacement firm reasonably selected by the Executive, provided that SHI shall not be responsible to pay for such services to the extent such services (i) exceed $12,000 or (ii) are provided more than one year following the Termination Date. EXHIBIT A TO TERMINATION AGREEMENT SEVERANCE AGREEMENT THIS AGREEMENT is entered into as of , 2006 (the “Effective Date”) by and between Regis Corporation, a Minnesota corporation, and Xxxx Xxxxxxxxxxxx (the “Executive”).
Medical Insurance Continuation. Employee acknowledges that Employer no longer provides benefits under the Retiree Medical Plan which it previously maintained and that neither Employee nor Employee's dependents are entitled to any benefits thereunder. If Employee is not entitled to Medicare benefits, Employee will be entitled to continue participation for a limited period of time in Employer's Group Medical Plan, Group Dental Plan and/or Executive Medical Plan under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Detailed information concerning the costs and procedures applicable to such insurance coverage will be provided separately by Employer.
Medical Insurance Continuation. The Company will pay all insurance premiums and take all such other actions as reasonably necessary for the Executive and his covered beneficiaries, if any, to continue receiving group health insurance from the Company for 36 months following the Resignation Date, which coverage will be substantially the same as that offered during such period to active senior executive level employees of the Company, provided that the coverage will cease if the Executive and his covered beneficiaries become eligible for coverage under a new employer's group health coverage that is at least substantially comparable to the Company's group health insurance and in such event the Company shall reimburse the Executive for the amounts that the Executive is required to pay for such new employer's group health coverage during the remaining 36 months following the Resignation Date. The Executive shall complete such forms and take such other actions as reasonably requested by the Company in order for the Company to provide the group health insurance coverage pursuant to this Section 2(c).
Medical Insurance Continuation. After the Retirement Date, Orion will continue to make health (including dental and vision) insurance premium payments on behalf of Hull under Orion’s group health plan (including dental and vision) for a period to continue until Hull reaches the age of sixty-five (65), unless he or any covered family member ceases to be eligible for such coverage for any reason or Hull breaches any of the covenants contained in this Agreement.
Medical Insurance Continuation. At your option, you may continue to be covered under the Company's group medical insurance plan for up to eighteen (18) months after your resignation date, subject to the terms and conditions provided for in the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"). The Company shall, at your option, pay the entire cost of your group medical insurance premiums during the entire eighteen (18) months of your COBRA continuation period or until such earlier time as you become eligible for alternate medical insurance coverage from a new employer provided you have timely and properly elected COBRA coverage in accordance with the Company's COBRA election procedures, notice of which shall be sent to you under separate cover. You agree promptly to notify the Company in writing if and when you become eligible for alternate medical coverage during this eighteen (18) month period.
