COBRA Qualifying Event Clause Samples
COBRA Qualifying Event. If an Employee has a COBRA qualifying event (a reduction in hours of the Employee, or a Dependent ceases eligibility), the Employee may increase his pre-tax contributions for coverage under the Employer’s Plan if a COBRA event occurs with respect to the Employee, the Employee’s spouse or Dependent. The COBRA rule does not apply to COBRA coverage under another Employer’s Plan.
COBRA Qualifying Event. Executive's COBRA qualifying event shall begin when the Executive's employment with the Company terminates. For the avoidance of doubt, the Executive's employment is not terminated during notice periods and Executive's health benefits will be provided to Executive during such notice periods as provided in this Section 5.