Continued Group Medical Benefits Sample Clauses

Continued Group Medical Benefits. The Executive’s ability to participate in the medical plan of the Corporation shall continue only through the Date of Separation from Service. If the Executive elects to continue his health and dental insurance coverage pursuant to COBRA, the Corporation shall reimburse the Executive for the COBRA premiums for the Executive and his dependents for the number of months corresponding to the Severance Period; provided, however, that if the Executive is eligible to receive comparable medical or other welfare benefits under another employer-provided plan, the COBRA premium reimbursement described herein shall be terminated. The Executive shall promptly notify the Corporation of any changes in his medical benefits coverage.
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Continued Group Medical Benefits. For the Severance Period, subject to applicable law, the Corporation shall permit the Executive to continue to participate in the medical plan provided generally to executive officers of the Corporation (including all required contributions or premiums made by such executive officers) as if the Executive’s employment had not been terminated (the “Group Benefits”); provided, however, that if the Executive is eligible to receive comparable medical or other welfare benefits under another employer-provided plan, the corresponding Group Benefits described herein shall be terminated. The Executive shall promptly notify the Corporation of any changes in his medical benefits coverage.
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