Common use of Benefits and COBRA Clause in Contracts

Benefits and COBRA. Except as otherwise provided in this Section 4, effective as of his last day of employment with the Company, Executive will cease all health benefit coverage and other benefit coverage provided by the Company. Executive acknowledges that the Company has advised Executive of any rights that Executive or his eligible dependants may have under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

Appears in 5 contracts

Samples: Release of Claims (Aircastle LTD), Employment Agreement (Greenwich Kahala Aviation Ltd.), Employment Agreement (Aircastle LTD)

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Benefits and COBRA. Except as otherwise provided in this Section 45, effective as of his last day of employment with the Company, Executive will cease all health benefit coverage and other benefit coverage provided by the Company. Executive acknowledges that the Company has advised Executive of any rights that Executive or his eligible dependants may have under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Hcp, Inc.)

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Benefits and COBRA. Except as otherwise provided in this Section 43, effective as of his last day of employment with the Company, Executive will cease all health benefit coverage and other benefit coverage provided by the Company. Executive acknowledges that the Company has advised Executive of any rights that Executive or his eligible dependants may have under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

Appears in 1 contract

Samples: Employment Agreement (Aircastle LTD)

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