Common use of Continuation of Benefits Clause in Contracts

Continuation of Benefits. In the event of termination of Executive's employment by the Company pursuant to Section 4.3.1 or termination due to Disability, the Company shall pay the applicable premiums for such group health plan continuation as Executive is entitled to under the Consolidated Omnibus Reconciliation Act of 1985 ("COBRA") and shall continue such payment for the period of time the Executive is entitled to continue such coverage under COBRA.

Appears in 11 contracts

Samples: Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New)

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Continuation of Benefits. In the event of termination of Executive's employment by the Company pursuant to Section 4.3.1 or termination due to Disability6.2 herein, the Company shall pay the applicable premiums for such group health plan continuation as Executive is entitled to under the Consolidated Omnibus Reconciliation Act of 1985 ("COBRA") COBRA and such payment shall continue such payment for the period of time the Executive is entitled to continue such coverage under COBRA.

Appears in 11 contracts

Samples: Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New), Executive Employment Agreement (Protocol Systems Inc/New)

Continuation of Benefits. In the event of termination of Executive's ------------------------ employment by the Company pursuant to Section Sections 4.3.1 or 4.6 or termination due to Disability, the Company shall pay the applicable premiums for such group health plan continuation as Executive is entitled to under the Consolidated Omnibus Reconciliation Act of 1985 ("COBRA") and shall continue such payment for the period of time the Executive is entitled to continue such coverage under COBRA.

Appears in 9 contracts

Samples: Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New)

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Continuation of Benefits. In the event of termination of Executive's ------------------------ employment by the Company pursuant to Section 4.3.1 or termination due to Disability6.2 herein, the Company shall pay the applicable premiums for such group health plan continuation as Executive is entitled to under the Consolidated Omnibus Reconciliation Act of 1985 ("COBRA") COBRA and such payment shall continue such payment for the period of time the Executive is entitled to continue such coverage under COBRA.

Appears in 9 contracts

Samples: Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New)

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