Common use of Continued Health Insurance Benefits Clause in Contracts

Continued Health Insurance Benefits. For a period of twenty-four (24) months following Employee’s Separation from Service (which period of twenty-four (24) months shall include and run concurrently with any so-called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that (A) during the first twelve (12) months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at the Company’s expense (other than Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service), and (B) during the remaining twelve (12) months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at Employee’s expense. Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ group health coverage in effect on the Date of Termination for the twelve (12) month period following the date of Employee’s Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less the amount of Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service at employee rates in effect thereunder as of the Separation from Service.

Continued Health Insurance Benefits. For a period of twenty-four thirty (2430) months following Employee’s Separation from Service (which period of twenty-four thirty (2430) months shall include and run concurrently with any so-called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that the Company shall continue to provide Health Insurance Benefits to Employee and any eligible dependents as follows: (Aa) during the first twelve (12) months of such coverage, the Company coverage shall continue to provide health insurance benefits be provided to Employee (and any where applicable his eligible dependents dependents) at the Company’s expense (other than Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service), and (Bb) during the remaining twelve eighteen (1218) months of such coveragecoverage shall be provided to Employee at Employee’s sole expense, except that the Company shall continue to provide health insurance benefits a taxable reimbursement to Employee for the cost of such coverage to the extent that it exceeds $1,200 per month (such reimbursements shall be made within thirty (30) days following the end of the month with respect to which such continuation coverage applies and shall be subject to Employee submitting appropriate documentation of any eligible dependents at Employee’s expensesuch excess amount prior to such time). Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ group health coverage Health Insurance Benefits in effect on the Date of Termination for the twelve such thirty (1230) month period following the date of Employee’s Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less (x) with respect to the first twelve (12) months in such thirty (30) month period, the amount of Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service at employee rates in effect thereunder as of the Separation from Service, and (y) with respect to the remaining eighteen (18) months in such thirty (30) month period, $1,200 per month.

Continued Health Insurance Benefits. For a period of twenty-four (24) 24 months following Employee’s 's Separation from Service (which period of twenty-four (24) 24 months shall include and run concurrently with any so-called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that (A) during the first twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at the Company’s 's expense (other than Employee’s 's monthly cost-sharing contribution under the Company’s 's group health plan, as in effect on the date of Employee’s 's Separation from Service), and (B) during the remaining twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at Employee’s expense. Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ ' group health coverage in effect on the Date of Termination for the twelve (12) 12 month period following the date of Employee’s 's Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less the amount of Employee’s 's monthly cost-sharing contribution under the Company’s 's group health plan, as in effect on the date of Employee’s 's Separation from Service at employee rates in effect thereunder as of the Separation from Service.

Continued Health Insurance Benefits. For a period of twenty-four (24) 24 months following Employee’s Separation from Service (which period of twenty-four (24) 24 months shall include and run concurrently with any so-called so‑called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that (A) during the first twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at the Company’s expense (other than Employee’s monthly cost-sharing cost‑sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service), and (B) during the remaining twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at Employee’s expense. Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination non‑discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ group health coverage in effect on the Date of Termination for the twelve (12) 12 month period following the date of Employee’s Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less the amount of Employee’s monthly cost-sharing cost‑sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service at employee rates in effect thereunder as of the Separation from Service.

Continued Health Insurance Benefits. For a period of twenty-four (24) 24 months following Employee’s Separation from Service (which period of twenty-four (24) 24 months shall include and run concurrently with any so-called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that (A) during the first twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at the Company’s expense (other than Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service), and (B) during the remaining twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at Employee’s 's expense. Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ group health coverage in effect on the Date of Termination for the twelve (12) 12 month period following the date of Employee’s 's Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less the amount of Employee’s 's monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service at employee rates in effect thereunder as of the Separation from Service.

Continued Health Insurance Benefits. For a period of twenty-four (24) 24 months following Employee’s Separation from Service (which period of twenty-four (24) 24 months shall include and run concurrently with any so-called COBRA continuation period applicable to Employee and/or his eligible dependents under Section 4980B of the Code, and may be subject to Employee and/or his eligible dependents electing such continuation coverage), provided, however, that (A) during the first twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at the Company’s expense (other than Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service), and (B) during the remaining twelve (12) 12 months of such coverage, the Company shall continue to provide health insurance benefits to Employee and any eligible dependents at Employee’s expense. Notwithstanding the previous sentence, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act and any applicable non-discrimination requirement thereunder or otherwise), the Company shall in lieu thereof provide to Employee a taxable monthly payment in an amount equal to the monthly COBRA premium that Employee would be required to pay to continue his and his covered dependents’ group health coverage in effect on the Date of Termination for the twelve (12) 12 month period following the date of Employee’s Separation from Service (which amount shall be based on the premium for the first month of COBRA coverage), less the amount of Employee’s monthly cost-sharing contribution under the Company’s group health plan, as in effect on the date of Employee’s Separation from Service at employee rates in effect thereunder as of the Separation from Service.