Common use of Continued Benefits Clause in Contracts

Continued Benefits. If the Employee elects to continue health insurance coverage for the Employee and his or her dependents (if applicable) under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following his or her Involuntary Termination, then the Company shall pay the monthly premiums for such coverage under COBRA until the earliest of (A) the close of the Compensation Continuation Period, (B) the expiration of the continuation coverage under COBRA or (C) the date when the Employee and his or her dependents (if applicable) receive substantially equivalent health insurance coverage in connection with new employment.

Continued Benefits. If the Employee elects to continue health insurance coverage for the Employee and his or her dependents (if applicable) under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following his or her Involuntary Terminationresignation, then the Company shall pay the monthly premiums for such coverage under COBRA until the earliest of (A) the close of the Compensation Continuation Period, (B) the expiration of the continuation coverage under COBRA or (C) the date when the Employee and his or her dependents (if applicable) receive substantially equivalent health insurance coverage in connection with new employment.

Continued Benefits. If the Employee elects to continue health insurance coverage for the Employee and his or her dependents (if applicable) under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following his or her Involuntary Termination, then the Company shall pay the monthly premiums for such coverage under COBRA until the earliest of (A) the close of the Compensation Continuation Period, (B) the expiration of the continuation coverage under COBRA or (C) the date when the Employee and his or her dependents (if applicable) receive substantially equivalent health insurance coverage in connection with new employment.