Common use of COBRA Rights Clause in Contracts

COBRA Rights. It is understood that the Executive's rights under this Section 7 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreement; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's rights under the Consolidated Omnibus Budget Reconciliation Act of 1985.

Appears in 4 contracts

Samples: Employment Agreement (Serefex Corp), Employment Agreement (Home Depot Inc), Employment Agreement (Home Depot Inc)

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COBRA Rights. It is understood that the Executive's rights under this Section 7 5 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreement; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's rights under the Consolidated Omnibus Budget Reconciliation Act of 19851985 or any successor thereto or any similar state or local law, rule or regulation.

Appears in 2 contracts

Samples: Employment Agreement (Alloy Inc), Employment Agreement (Alloy Inc)

COBRA Rights. It is understood that the Executive's ’s rights under this Section 7 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreement; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's ’s rights under the Consolidated Consolidate Omnibus Budget Reconciliation Act of 1985.

Appears in 1 contract

Samples: Employment Agreement (Unifi Inc)

COBRA Rights. It is understood that the Executive's rights under this Section 7 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreement; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's rights under the Consolidated Consolidate Omnibus Budget Reconciliation Act of 1985.

Appears in 1 contract

Samples: Employment Agreement (Unifi Inc)

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COBRA Rights. It is understood that the Executive's ’s rights under this Section 7 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreement; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's ’s rights under the Consolidated Omnibus Budget Reconciliation Act of 1985.

Appears in 1 contract

Samples: Employment Agreement (Home Depot Inc)

COBRA Rights. It is understood that the Executive's rights under this Section 7 5 are in lieu of all other rights which the Executive may otherwise have had upon termination of employment under this Agreementduring the Period of Employment; provided, however, that no provision of this Agreement is intended to adversely affect the Executive's rights under the Consolidated Omnibus Budget Reconciliation Act of 1985.

Appears in 1 contract

Samples: Employment Agreement (Gatx Corp)

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