Common use of Additional Insurance Benefits Clause in Contracts

Additional Insurance Benefits. If, pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), Executive elects timely continuation coverage for the Executive and/or any or all dependents of the Executive under the Company’s medical or dental plans as in effect immediately prior to the date of a Termination Upon Change of Control, then for a period of up to eighteen (18) months following such a Termination Upon Change of Control the Executive shall receive a monthly payment from the Company equal to the premium(s) for the coverage elected under COBRA for the Executive and such dependents. The Company’s obligation under this Section 2.4 shall terminate upon the insured (e.g., the Executive or a dependent) accepting insurance coverage of that type under another group health plan. For purposes of this COBRA coverage, the date of the “qualifying event” for the Executive and any dependents shall be the date of a Termination Upon Change of Control.

Additional Insurance Benefits. If, pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), Executive elects timely continuation coverage for the Executive and/or any or all dependents of the Executive under the 2 Company’s medical or dental plans as in effect immediately prior to the date of a Termination Upon Change of Control, then for a period of up to eighteen (18) months following such a Termination Upon Change of Control the Executive shall receive a monthly payment from the Company equal to the premium(s) for the coverage elected under COBRA for the Executive and such dependents. The Company’s obligation under this Section 2.4 shall terminate upon the insured (e.g., the Executive or a dependent) accepting insurance coverage of that type under another group health plan. For purposes of this COBRA coverage, the date of the “qualifying event” for the Executive and any dependents shall be the date of a Termination Upon Change of Control.

Additional Insurance Benefits. If, pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“"COBRA”"), Executive elects timely continuation coverage for the Executive and/or any or all dependents of the Executive under the Company’s 's medical or dental plans as in effect immediately prior to the date of a Termination Upon Change of Control, then for a period of up to eighteen (18) months following such a Termination Upon Change of Control the Executive shall receive a monthly payment from the Company equal to the premium(s) for the coverage elected under COBRA for the Executive and such dependents. The Company’s 's obligation under this Section 2.4 shall terminate upon the insured (e.g., the Executive or a dependent) accepting insurance coverage of that type under another group health plan. For purposes of this COBRA coverage, the date of the “"qualifying event” " for the Executive and any dependents shall be the date of a Termination Upon Change of Control.