Common use of Continued Coverage Under Group Health Plans Clause in Contracts

Continued Coverage Under Group Health Plans. Employee shall be entitled to elect to continue coverage under each of the Company’s group health plans in which he was enrolled as of the date his coverage ceases in accordance with the terms of the Employment Agreement, consistent with the status and level of coverage that was in place as of such date, in accordance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985 and its relevant regulations (“COBRA”) and as provided in the Employment Agreement. Subject to Section 2.2 of the Employment Agreement and all requirements of COBRA, Employee shall be solely responsible for paying the full amount of all premiums that are chargeable in connection with such coverage. FOR THOSE ELIGIBLE ONLY:

Continued Coverage Under Group Health Plans. Employee shall be entitled to elect to continue coverage under each of the Company’s group health plans in which he was enrolled as of the date his coverage ceases in accordance with the terms of the Employment Agreement, consistent with the status and level of coverage that was in place as of such date, in accordance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985 and its relevant regulations (“COBRA”) and as provided in the Employment Agreement. Subject to Section 2.2 of the Employment Agreement and all requirements of COBRA, Employee shall be solely responsible for paying the full amount of all premiums that are chargeable in connection with such coverage. FOR THOSE ELIGIBLE ONLY:.