Benefits Termination. In accordance with the terms of the Employment Agreement, EMPLOYEE will have the opportunity and responsibility to elect COBRA continuation coverage pursuant to the terms of that law and will thus be responsible for the execution of the continuation of coverage forms upon termination of his/her insurance coverage. Except as otherwise set forth in the Employment Agreement, EMPLOYEE will be responsible for all COBRA premiums.
Appears in 6 contracts
Samples: Employment Agreement (Par Pharmaceutical Companies, Inc.), Employment Agreement (Par Pharmacuetical, Inc.), Employment Agreement (Par Pharmacuetical, Inc.)
Benefits Termination. In accordance with the terms term of the Employment Agreement, EMPLOYEE will have the opportunity and responsibility to elect COBRA continuation coverage pursuant to the terms of that law and will thus be responsible for the execution of the continuation of coverage forms upon termination of his/her insurance coverage. Except as otherwise set forth in the Employment Agreement, EMPLOYEE will be responsible for all COBRA premiums.
Appears in 2 contracts
Samples: Employment Agreement (Par Pharmacuetical, Inc.), Separation Agreement and Release (Par Pharmacuetical, Inc.)
Benefits Termination. In accordance with the terms of the Employment Agreement, EMPLOYEE will have the opportunity and responsibility to elect COBRA continuation coverage pursuant to the terms of that law and will thus be responsible for the execution of the continuation of coverage forms upon termination of his/her insurance coverage. Except as otherwise As set forth in the Employment AgreementSection 3.3.6, EMPLOYEE will be responsible for all THE COMPANY shall pay EMPLOYEE’s COBRA premiums, except that the payment of COBRA premiums shall commence on April 20, 2009.
Appears in 1 contract
Samples: Separation Agreement and Release (Par Pharmaceutical Companies, Inc.)
Benefits Termination. In accordance with the terms of the Employment Agreement, EMPLOYEE will have the opportunity and responsibility to elect COBRA continuation coverage pursuant to the terms of that law and will thus be responsible for the execution of the continuation of coverage forms upon termination of his/her his insurance coverage. Except as otherwise As set forth in the Employment AgreementSection 3.3.6, EMPLOYEE will be responsible for all THE COMPANY shall pay EMPLOYEE’s COBRA premiums, except that the payment of COBRA premiums shall commence on February 15, 2009.
Appears in 1 contract
Samples: Separation Agreement and Release (Par Pharmaceutical Companies, Inc.)
