Common use of Continuation of Group Health Benefits Clause in Contracts

Continuation of Group Health Benefits. Company agrees to pay the premiums required to continue Executive's group health care coverage for 18 months after the date of Executive's termination, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") and the California Continuation Benefits Replacement Act ("Cal-COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA and Cal-COBRA and does not obtain health coverage through another employer during this period. Thereafter, Executive may continue group health insurance coverage at her own expense in accordance with the applicable provisions of COBRA or Cal-COBRA. If Executive's group health care coverage immediately prior to the date of termination of employment included Executive's dependents, Company paid COBRA premiums shall include premiums for such dependents.

Appears in 2 contracts

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.)

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Continuation of Group Health Benefits. Company agrees to pay the premiums required to continue Executive's group health care coverage for 18 12 months after the date of Executive's termination, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") and the California Continuation Benefits Replacement Act ("Cal-COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA and Cal-COBRA and does not obtain health coverage through another employer during this period. Thereafter, Executive may continue group health insurance coverage at her own expense in accordance with the applicable provisions of COBRA or Cal-COBRA. If Executive's group health care coverage immediately prior to the date of termination of employment included Executive's dependents, Company paid COBRA premiums shall include premiums for such dependents.

Appears in 2 contracts

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.)

Continuation of Group Health Benefits. Company agrees to pay the premiums required to continue Executive's group health care coverage for 18 12 months after the date of Executive's termination, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") and the California Continuation Benefits Replacement Act ("Cal-COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA and Cal-COBRA and does not obtain health coverage through another employer during this period. Thereafter, Executive may continue group health insurance coverage at her his own expense in accordance with the applicable provisions of COBRA or Cal-COBRA. If Executive's group health care coverage immediately prior to the date of termination of employment included Executive's dependents, Company paid COBRA premiums shall include premiums for such dependents.

Appears in 1 contract

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.)

Continuation of Group Health Benefits. Company agrees to pay the premiums required to continue Executive's group health care coverage for 18 months after the date of Executive's termination, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") and the California Continuation Benefits Replacement Act ("Cal-COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA and Cal-COBRA and does not obtain health coverage through another employer during this period. Thereafter, Executive may continue group health insurance coverage at her his own expense in accordance with the applicable provisions of COBRA or Cal-COBRA. If Executive's group health care coverage immediately prior to the date of termination of employment included Executive's dependents, Company paid COBRA premiums shall include premiums for such dependents.

Appears in 1 contract

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.)

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Continuation of Group Health Benefits. Company agrees to pay the premiums required to continue Executive's group health care coverage for 18 24 months after the date of Executive's termination, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") and the California Continuation Benefits Replacement Act ("Cal-COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA and Cal-COBRA and does not obtain health coverage through another employer during this period. Thereafter, Executive may continue group health insurance coverage at her his own expense in accordance with the applicable provisions of COBRA or Cal-COBRA. If Executive's group health care coverage immediately prior to the date of termination of employment included Executive's dependents, Company paid COBRA premiums shall include premiums for such dependents.

Appears in 1 contract

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.)

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