Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursements, the “COBRA Reimbursements”) until the earlier of (A) a period of six months from the date of the Qualifying Non-CIC Termination, (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRA.
Appears in 6 contracts
Samples: Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursementsas applicable), within the time period prescribed pursuant to COBRA, the “Company will reimburse Executive for, or pay directly on Executive’s behalf, the COBRA Reimbursements”premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination of employment) until the earlier of (A) a period of six eighteen (18) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, or (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRAplans.
Appears in 5 contracts
Samples: Change in Control and Severance Agreement (Realnetworks Inc), Change in Control and Severance Agreement (Realnetworks Inc), Change in Control and Severance Agreement (Realnetworks Inc)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursementsas applicable), within the time period prescribed pursuant to COBRA, the “Company will reimburse Executive for, or pay directly on Executive’s behalf, the COBRA Reimbursements”premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination of employment) until the earlier of (A) a period of six (6) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, or (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRAplans.
Appears in 4 contracts
Samples: Control Severance Agreement (Pacific Biosciences of California Inc), Change in Control Severance Agreement (Pacific Biosciences of California Inc), Change in Control Severance Agreement (Pacific Biosciences of California Inc)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and Executive’s eligible dependents (as applicable), within the time period prescribed pursuant to COBRA COBRA, Executive will receive Company-paid group health, dental and vision coverage for Executive and Executive’s eligible dependents, then subject as applicable, at the coverage levels in effect immediately prior to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and termination of Executive’s eligible dependents employment (such reimbursements, the “COBRA ReimbursementsSeverance”) until the earlier of earliest of: (A) a period of six twelve (12) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans plans, or (C) the date upon which Executive ceases to be expiration of Executive’s and Executive’s eligible dependents’ (as applicable) eligibility for continuation coverage under COBRA.
Appears in 3 contracts
Samples: Control and Severance Agreement (Pacific Biosciences of California, Inc.), Control and Severance Agreement (Pacific Biosciences of California, Inc.), Change in Control and Severance Agreement (Pacific Biosciences of California, Inc.)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursementsas applicable), within the time period prescribed pursuant to COBRA, the “Company will reimburse Executive for, or pay directly on Executive’s behalf, the COBRA Reimbursements”premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination of employment) until the earlier of (A) a period of six twelve (12) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, or (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRAplans.
Appears in 2 contracts
Samples: Change in Control and Severance Agreement (Endocyte Inc), Change in Control Severance Agreement (Pacific Biosciences of California Inc)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and Executive’s eligible dependents (as applicable), within the time period prescribed pursuant to COBRA COBRA, Executive will receive Company-paid group health, dental and vision coverage for Executive and Executive’s eligible dependents, then subject as applicable, at the coverage levels in effect immediately prior to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and termination of Executive’s eligible dependents employment (such reimbursements, the “COBRA ReimbursementsSeverance”) until the earlier of earliest of: (A) a period of six eighteen (18) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans plans, or (C) the date upon which Executive ceases to be expiration of Executive’s and Executive’s eligible dependents’ (as applicable) eligibility for continuation coverage under COBRA.
Appears in 2 contracts
Samples: Control and Severance Agreement (Pacific Biosciences of California, Inc.), Change in Control and Severance Agreement (Pacific Biosciences of California, Inc.)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c7(d), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursements, the “COBRA Reimbursements”) until the earlier of (A) a period of six months from the date of the Qualifying Non-CIC Termination, (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRA..
Appears in 1 contract
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“"COBRA”") within the time period prescribed pursuant to COBRA for Executive and Executive’s ' s eligible dependentsdependent s (as applicable), then subject within the time Period prescribed pursuant to Section 7(c)COBRA, the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for for, or pay directly on Executive and Executive’s eligible dependents (such reimbursements's behalf, the “COBRA Reimbursements”premiums for such coverage (at the coverage levels in effect immediately prior to Executive 's termination of employment) until the earlier of (A) a period of six nine (9) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, or (B) the date upon which Executive and/or Executive’s Executive 's eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRAplans.
Appears in 1 contract
Samples: Separation Agreement and Release of Claims (Endocyte Inc)
Continued Employee Benefits. If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then subject to Section 7(c), the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents (such reimbursementsas applicable), within the time period prescribed pursuant to COBRA, the “Company will reimburse Executive for, or pay directly on Executive’s behalf, the COBRA Reimbursements”premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination of employment) until the earlier of (A) a period of six (6) months from the last date of employment of the Qualifying Non-CIC TerminationExecutive with the Company, or (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRA.plans.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Pacific Biosciences of California, Inc.)