COBRA Reimbursement. Provided the Executive makes a timely and accurate election for continuation health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay on the Executive's behalf for the applicable premiums for himself (and his eligible dependents, as applicable) for the first twelve (12) months following the Termination Date; thereafter, the Executive shall be eligible to continue the COBRA benefits at his own expense in accordance with the Company's policy and applicable law; and
Appears in 1 contract
Samples: Separation and Release Agreement (Brio Software Inc)
COBRA Reimbursement. Provided the Executive makes a timely and accurate election for continuation health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall pay on the Executive's behalf reimburse Executive for the applicable premiums for himself herself (and his her eligible dependents, as applicable) for the first twelve nine (129) months following the Termination Date; thereafter, the Executive shall be eligible to continue the COBRA benefits at his her own expense in accordance with the Company's policy and applicable law; and.
Appears in 1 contract
Samples: Separation and Release Agreement (Brio Software Inc)
COBRA Reimbursement. Provided the that Executive makes a timely and accurate election for continuation health insurance elects to receive continued healthcare coverage under pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 1985, as amended, or applicable state law ("collectively referred to as “COBRA"”), the Company shall pay on will reimburse COBRA premiums paid by the Executive's behalf Executive for the applicable premiums lesser of (i) twenty-four (24) months, or (ii) the date upon which Executive is otherwise no longer eligible for himself (and his eligible dependents, as applicable) for the first twelve (12) months following the Termination Date; thereafter, the Executive shall be eligible to continue the COBRA benefits at his own expense in accordance with the Company's policy and applicable law; andcontinuation coverage.
Appears in 1 contract
Samples: Transition and Separation Agreement (Ardelyx, Inc.)
COBRA Reimbursement. Provided the Executive makes a timely and accurate election for continuation health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), the Company shall pay on the Executive's ’s behalf for the applicable premiums for himself (and his eligible dependents, as applicable) for the first twelve (12) months following the Termination Date; thereafter, the Executive shall be eligible to continue the COBRA benefits at his own expense in accordance with the Company's ’s policy and applicable law; and
Appears in 1 contract
Samples: Separation and Release Agreement (Brio Software Inc)