COBRA Responsibilities Clause Samples

COBRA Responsibilities. Certain former employees of the Federal Division and certain dependents of current or former employees of the Federal Division have elected to purchase medical and dental coverage pursuant to applicable provisions of state and federal law (the "COBRA Participants"). Buyer agrees to use reasonable commercial efforts to cause the Company to maintain the current contractual arrangements to provide such medical and dental coverage to the COBRA Participants through December 31, 1997. After December 31, 1997, COBRA Participants as of the Closing Date shall have the right to participate under those medical and dental plans that are applicable to Active Employees. Such COBRA Participants shall pay the premium amounts charged to them by Company or Buyer, as the case may be. Seller shall reimburse the Federal Division for the cost of claims incurred by each COBRA Participant to the extent that such cost exceeds the aggregate premiums paid by such COBRA Participant (and his or her covered dependents).