Common use of COBRA Severance Clause in Contracts

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c), Executive will receive COBRA Severance until the earliest of: (A) twelve (12) months following the date of the Qualifying Termination, (B) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (C) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 7 contracts

Samples: Change in Control and Severance Agreement (RenovoRx, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (RenovoRx, Inc.)

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COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c)5.3, Executive will receive COBRA Severance until the earliest of: (Ai) twelve (12) months following the date of the Qualifying Termination, (Bii) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Ciii) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 7 contracts

Samples: Change in Control and Severance Agreement (Athira Pharma, Inc.), Change in Control and Severance Agreement (Athira Pharma, Inc.), Change in Control and Severance Agreement (Athira Pharma, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c5(d), Executive will receive COBRA Severance until the earliest of: (A) twelve (12) 12 months following the date of the Qualifying CIC Termination, (B) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (C) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c5(d), Executive will receive COBRA Severance until the earliest of: (A) twelve (12) 18 months following the date of the Qualifying CIC Termination, (B) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (C) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 3 contracts

Samples: Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.), Change in Control and Severance Agreement (Ibotta, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA, the COBRA and further subject to Section 5(c), Executive will receive COBRA Severance Benefits until the earliest of: (Aa) twelve (12) [For CEO Only: 18][12] months following the date of the Qualifying Termination, (Bb) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Cc) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 2 contracts

Samples: Employment Agreement (OnKure Therapeutics, Inc.), Employment Agreement (Reneo Pharmaceuticals, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c)5.3, Executive will receive COBRA Severance until the earliest of: (Ai) twelve eighteen (1218) months following the date of the Qualifying Termination, (Bii) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Ciii) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Athira Pharma, Inc.), Change in Control and Severance Agreement (Athira Pharma, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c), Executive will receive COBRA Severance until the earliest of: (A) twelve eighteen (1218) months following the date of the Qualifying Termination, (B) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (C) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Kinnate Biopharma Inc.)

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COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c)5.3, Executive the Company will receive provide the COBRA Severance until the earliest of: (Aa) [CEO: eighteen (18) months][Tier 2 Executives: twelve (12) months months] following the date of the Qualifying Termination, (Bb) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Cc) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (NavSight Holdings, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c6(c), Executive will receive COBRA Severance until the earliest of: (A) [eighteen (18) months][ twelve (12) months months] [nine (9) months] following the date of the Qualifying Termination, (B) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (C) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Alx Oncology Holdings Inc)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c)5.3, Executive the Company will receive provide the COBRA Severance until the earliest of: (Aa) twelve (12) months following the date of the Qualifying Termination, (Bb) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Cc) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (HashiCorp, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under COBRA and further subject to Section 5(c)6.3, Executive the Company will receive provide COBRA Severance until the earliest of: (Aa) twelve (12) months following the date of the Qualifying Termination, (Bb) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (Cc) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Informatica Inc.)

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