Continuation of Health Insurance Benefits. The Company also will provide you, at the Company’s expense and pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq., the same medical, dental and vision coverage for the duration of the Severance Period. The benefits described in Section 5(b) will be paid or provided (or begin to be paid or provided) as soon as administratively practicable after the release described above becomes irrevocable, provided that if the 30 day period described above begins in one taxable year and ends in a second taxable year such payments or benefits shall not commence until the second taxable year.
Continuation of Health Insurance Benefits. If Employee is terminated by the Company without Cause, or terminated her employment with the Company for Good Reason, and provided that Employee elects continuation of health coverage pursuant to Section 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”), Company shall pay Employee an amount equal to her monthly COBRA premiums for a period equal to the period remaining in the Employment Period after termination; provided further, such payment will cease upon Employee’s entitlement to other health insurance without charge.
Continuation of Health Insurance Benefits. An employee who takes an unpaid leave of absence, which is not a qualifying leave under the FMLA (15.3) or a Health & Maternity Leave under Article 15.2, or whose leave period exceeds the payout during the leave of accrued sick and/or PTO, shall arrange to pay fully his or her own benefit premiums during the unpaid leave period.
Continuation of Health Insurance Benefits. The Company also will provide you, at the Company’s expense and pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq., the same medical, dental and vision coverage for the duration of the Severance Period; and
Continuation of Health Insurance Benefits. Upon the termination of this Agreement for any reason other than due to Executive's death, Executive shall be eligible to continue the health insurance benefits provided to Executive immediately prior to such termination for the period of time and subject to the terms and conditions required under the Consolidated Omnibus Budget Reconciliation Act of 1985 or as otherwise required by law.
Continuation of Health Insurance Benefits. If Employee is terminated by the Company without cause, or resigns her employment with the Company for "good reason", then Employee shall be entitled to participate in the Company’s group health plan as an active employee, at the active employee rate, throughout the entire Severance Period. Upon the conclusion of the Severance Period, Employee will then be eligible to participate in the Company’s group health plan and elect continuation of health coverage pursuant to Section 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”). Employee’s participation in the Company’s group medical plan during the Severance Period will NOT run concurrently with the allotted eighteen-month period under COBRA and any law requiring continuation of health care coverage. If the terms of the Company's group health plan at the time of the termination of Employee's employment as described in this section do not permit Employee to continue to participate as an active employee as described herein and Employee elects continuation of health care coverage under COBRA, then the Company shall reimburse Employee an amount equal to her monthly COBRA premiums for the Severance Period. Notwithstanding the foregoing, Employee's participation in the Company's group health plan shall cease immediately upon Employee’s becoming entitled to other health insurance.
Continuation of Health Insurance Benefits. Employee’s eligibility to participate in Company-sponsored group health insurance plans as an employee of the Company will end effective March 31, 2016, subject to Employee’s right to elect continuation health insurance coverage for Employee and Employee’s dependents, if any, under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), subject to COBRA’s terms, conditions and restrictions.
Continuation of Health Insurance Benefits. If Xxxxx elects to continue group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay Xxxxx the portion of the COBRA premium that the Company was paying for Xxxxx’x health insurance coverage as of the Resignation Date (the “COBRA Premium Payments”) to Xxxxx to assist with Xxxxx’x COBRA coverage for a period of three months, continuing through March 2020. The Company will pay the COBRA Premium Payments to Xxxxx within thirty (30) days after the end of each month. For the avoidance of doubt, the Company is not paying the entire cost of COBRA coverage, but is simply reimbursing Xxxxx the COBRA Premium Payments equal to the payments the Company was making prior to the Resignation Date. The Severance Pay and COBRA Premium Payments are collectively referred to as the “Severance Benefits.”
Continuation of Health Insurance Benefits. For a period of one year following the Termination Date, the Company will provide you with the same health insurance benefits as it provided to you prior to the Termination Date, subject to the terms and conditions of the health insurance plan. You will be responsible to pay the benefit in kind taxes (BIK) for the premium associated with such health insurance benefits at the 2017 rates. The BIK taxes will be taken out of your last regular paycheck to cover the BIK taxes for the full one-year period.
Continuation of Health Insurance Benefits. If the Executive currently maintains health insurance benefits through the Company's health insurance carrier, Company shall continue to maintain this coverage (as is) through November 30, 2016, including payment of 100% of the premiums for family dependent coverage Executive may thereafter elect, at Executive's option and own expense, to continue health insurance benefits through COBRA, to the extent Executive is eligible under the terms of the federal or state “COBRA” law, as may be applicable.
