Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 27 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen twelve (1812) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 19 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen two (182) months years following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 17 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, the Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”). The foregoing notwithstanding, in the event that the Executive becomes eligible for comparable group insurance coverage in connection with new employment, the coverage provided by the Company under this Section shall terminate immediately.
Appears in 6 contracts
Samples: Employment Agreement (Washington Banking Co), Employment Agreement (Washington Banking Co), Employment Agreement (Washington Banking Co)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen one (181) months year following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 3 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, the Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s 's expense, but such period shall count towards the Employer’s 's continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “"COBRA”").
Appears in 2 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 2 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen nine (189) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 2 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s 's expense, but such period shall count towards the Employer’s 's continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “"COBRA”").
Appears in 2 contracts
Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of the remaining period covered by this Agreement. These benefits will be provided at Employer’s 's expense, but such period shall count towards the Employer’s 's continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “"COBRA”").
Appears in 1 contract
Benefits Continuation. In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen one (181) months years following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).
Appears in 1 contract