Common use of Continued Health Insurance Coverage Clause in Contracts

Continued Health Insurance Coverage. Until the second anniversary of the Termination Date, the Company shall, at its expense, provide Executive with medical and dental insurance at the highest level provided to Executive during the period beginning immediately prior to the Change in Control and ending on the Termination Date; provided, however, that if Executive becomes employed by a new employer, the coverages provided by the Company pursuant to this sentence shall become secondary to those coverages provided by the new employer. In addition, Executive will be entitled to full COBRA continuation coverage commencing on the second anniversary of the Termination Date.

Appears in 6 contracts

Samples: Termination Protection Agreement, Termination Protection Agreement (Arena Pharmaceuticals Inc), Termination Protection Agreement (Arena Pharmaceuticals Inc)

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