Common use of COBRA Continuation Clause in Contracts

COBRA Continuation. Executive and Executive's covered dependents will be eligible to continue their health care benefit coverage as permitted by COBRA (Internal Revenue Code Section 4980B) at no cost to Executive for the six (6) month period following the date of Executive's Covered Termination; provided, however, that payment of such COBRA premiums by the Company shall cease upon Executive commencing employment with a new employer which provides comparable benefits to Executive and Executive's covered dependents. Nothing in this Section 2.4 is intended to limit the availability of COBRA continuation coverage to Executive (subject to Executive paying all associated premiums and costs) beyond the six (6) month period following the date of Executive's Covered Termination for the remainder of the COBRA continuation of coverage period.

COBRA Continuation. Executive and Executive's covered dependents will be eligible to continue their health care benefit coverage as permitted by COBRA (Internal Revenue Code Section 4980B) at no cost to Executive for the six twelve (612) month period following the date of Executive's Covered Termination; provided, however, that payment of such COBRA premiums by the Company shall cease upon Executive commencing employment with a new employer which provides comparable benefits to Executive and Executive's covered dependents. Nothing in this Section 2.4 is intended to limit the availability of COBRA continuation coverage to Executive (subject to Executive paying all associated premiums and costs) beyond the six twelve (612) month period following the date of Executive's Covered Termination for the remainder of the COBRA continuation of coverage period.

COBRA Continuation. Executive and Executive's covered dependents will be eligible to continue their health care benefit coverage as permitted by COBRA (Internal Revenue Code Section 4980B) at no cost to Executive for the six twelve (6) month 12)-month period following the date of Executive's Covered Termination; provided, however, that payment of such COBRA premiums by the Company shall cease upon Executive commencing employment with a new employer which provides comparable benefits to Executive and Executive's covered dependents. Nothing in this Section 2.4 is intended to limit the availability of COBRA continuation coverage to Executive (subject to Executive paying all associated premiums and costs) beyond the six twelve (6) month 12)-month period following the date of Executive's Covered Termination for the remainder of the COBRA continuation of coverage periodTermination.

COBRA Continuation. Executive and Executive's covered dependents will be eligible to continue their health care benefit coverage as permitted by COBRA (Internal Revenue Code Section 4980B) at no cost to Executive for the six (6) month or nine (9)-month period following the date of Executive's Covered Terminationin which Executive elected to receive Base Salary continuation; provided, however, that payment of such COBRA premiums by the Company shall cease upon Executive commencing employment with a new employer which provides comparable benefits to Executive and Executive's covered dependents. Nothing in this Section 2.4 is intended to limit the availability of COBRA continuation coverage to Executive (subject to Executive paying all associated premiums and costs) beyond the six (6) month period or nine (9)-month period, respectively, following the date of Executive's Covered Termination for the remainder of the COBRA continuation of coverage periodTermination.