Common use of Continued Insurance Coverage Clause in Contracts

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.

Appears in 8 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance COBRA continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier for a period of (i) the date 12 18 months after from the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employerDate.

Appears in 4 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier for a period of (i) the date 12 18 months after from the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employerDate.

Appears in 3 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier for a maximum of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employerDate.

Appears in 2 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance COBRA continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.

Appears in 2 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 18 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer. The amount of any such continuation premium payments shall be taxable income to you.

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) ), on a monthly basis, until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by Xxx Xxxxxx September 6, 2017 COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance COBRA continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier for a maximum of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employerDate.

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

Continued Insurance Coverage. If COBRA coverage is elected by you, the Company shall pay the cost of insurance continuation premiums on your behalf (whether or not covered by COBRA) to continue standard medical, dental and life insurance coverage for you (or the cash equivalent of same if you are ineligible for continued coverage) until the earlier of (i) the date 12 months after the Termination Date or (ii) the date you begin receiving substantially equivalent coverage and benefits through a subsequent employer.. Xxxxxxx Xxxxx Xxxxxxxxxxx, M.D. December 2, 2013

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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