COBRA Payments. In the event of a Qualified Termination, if Executive elects to continue health coverage under the Company’s health plan in accordance with the continuation requirements of COBRA, the Company will pay for the cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first month beginning after the date twelve (12) months after the Date of Termination.
Appears in 3 contracts
Samples: Executive Separation Pay Agreement, Executive Separation Pay Agreement (Axcelis Technologies Inc), Executive Separation Pay Agreement (Axcelis Technologies Inc)
COBRA Payments. In the event of a Qualified Termination, if If Executive elects to continue health coverage under the Company’s 's health plan in accordance with the continuation requirements of COBRA, the Company will pay for the full cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first end of the ninth month beginning after the date twelve (12) months after the Date of Termination.
Appears in 1 contract
Samples: Executive Separation Agreement (Axcelis Technologies Inc)
COBRA Payments. In the event of a Qualified Termination, if If Executive elects to continue health coverage under the Company’s 's health plan in accordance with the continuation requirements of COBRA, the Company will pay for the cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first end of the ninth month beginning after the date twelve (12) months after the Date of Termination.
Appears in 1 contract
Samples: Executive Separation Agreement (Axcelis Technologies Inc)
COBRA Payments. In the event of a Qualified Termination, if If Executive elects to continue health coverage under the Company’s health plan in accordance with the continuation requirements of COBRA, the Company will pay for the full cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first end of the ninth month beginning after the date twelve (12) months after the Date of TerminationTermination (December 31, 2011).
Appears in 1 contract
Samples: Executive Retirement Agreement (Axcelis Technologies Inc)
COBRA Payments. In the event of a Qualified Termination, if If Executive elects to continue health coverage under the Company’s health plan in accordance with the continuation requirements of COBRA, the Company will pay for the full cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first end of the seventh month beginning after the date twelve Termination Date (12) months after the Date of TerminationMarch 31, 2014).
Appears in 1 contract
Samples: Executive Separation Agreement (Axcelis Technologies Inc)
COBRA Payments. In the event of a Qualified Termination, if If Executive elects to continue health coverage under the Company’s health plan in accordance with the continuation requirements of COBRA, the Company will pay for the full cost of such coverage until the earlier of (i) the date Executive begins full-time employment or full-time self-employment; or (ii) the first end of the ninth month beginning after the date twelve Termination Date (12) months after the Date of TerminationNovember 30, 2012).
Appears in 1 contract
Samples: Executive Separation Agreement (Axcelis Technologies Inc)