Common use of COBRA Reimbursement Clause in Contracts

COBRA Reimbursement. HNC will reimburse you for any verified payments that you actually make pursuant to your rights under COBRA in order to continue your coverage under HNC's health and medical insurance benefit plans during the Continuation Period (as defined below). As used herein, the "CONTINUATION PERIOD" means that time period beginning on the Termination Date and ending upon the earlier to occur of: (i) eighteen (18) months after the Termination Date, (ii) the first date on or after the Termination Date on which you commence employment with any other employer who provides you with health and medical insurance benefits or (iii) the first date on which you cease to be eligible under COBRA to continue your coverage under HNC's health and medical insurance benefit plans.

COBRA Reimbursement. HNC will reimburse you for any verified payments that you actually make pursuant to your rights under COBRA in order to continue your coverage under HNC's health and medical insurance benefit plans during the Continuation Period (as defined below). As used herein, the "CONTINUATION PERIOD" means that time period beginning on the Termination Date and ending upon the earlier to occur of: of (i) eighteen (18) months after the Termination Date, (ii) the first date on or after the Termination Date on which you commence employment with any other employer who provides you with health and medical insurance benefits or (iii) the first date on which you cease to be eligible under COBRA to continue your coverage under HNC's health and medical insurance benefit plans.