Group Health Coverage. Executive shall be permitted to participate in such group health insurance plan as Employer may elect to provide for its other employees, subject to the eligibility and participation requirements of such plan, which plan may be altered or abolished from time to time at the sole discretion of Employer. However, the level of health insurance coverage for Executive shall not be reduced below the level in effect upon Executive’s execution of this Agreement, and the cost to Executive for health insurance coverage shall not be increased above the cost in effect upon Executive’s execution of this Agreement. Subsequent to the termination or the expiration of the Agreement and at the Executive’s election and cost, the Company will provide (subject to the eligibility and participation requirements), continued group health insurance coverage through insurance plans as the Employer may make available for its other employees.
Group Health Coverage. (a) Xxxxxx Drilling shall provide to Executive and his covered dependents, if any, coverage as in effect for Executive on the date immediately prior to the Termination Date under Xxxxxx Drilling’s group health plan and group dental plan for a period of twelve (12) months following the Termination Date; provided, however, Executive and his covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages except that the cost of such coverages will be imputed as income and reported as wages to Executive in the event that Xxxxxx Drilling maintains a self-funded group health plan and/or group dental plan and such Xxxxxx Drilling -provided coverage would otherwise be discriminatory within the meaning of Section 105(h) of the Internal Revenue Code of 1986, as amended (the “Code”). In all other respects, Executive shall be treated the same as other participants under the terms of such plans.
(b) Thereafter, Executive and his covered dependents, if any, shall be entitled to elect continuation coverage under such plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and Xxxxxx Drilling’s procedures for COBRA administration (“COBRA Coverage”). In the event that COBRA Coverage is elected, (i) the COBRA time period shall not be reduced by the post-termination continuation coverage provided pursuant to Section 6(a) and (ii) Executive (and his covered dependents, if any) must pay the full COBRA premium rates as effective during the COBRA Coverage period. In the event Executive does not execute and deliver the Waiver and Release described in Section 10, Executive and his covered dependents, if any, shall be entitled to only COBRA Coverage after the Termination Date.
(c) In the event of any change to the group health plan or group dental plan following the Termination Date, Executive shall be treated consistently with Senior Officers (as defined in the Employment Agreement) of the Company (or its successor) with respect to the terms and conditions of coverage and other substantive provisions of the plan; provided, however, no participant contributions shall be required from Executive (and his covered dependents, if any) unless COBRA Coverage is in effect. Notwithstanding the foregoing provisions of this Section 6(c), the coverage of Executive (and his dependents, if any) under such health and/or dental plans maintained by the Company shall terminate in the event that Executive be...
Group Health Coverage. MHCD will maintain group health coverage for the duration of a personal leave, at the level and under the conditions that coverage would have been provided to the employee had the employee continued working and had not taken leave. MHCD requires the employee to pay the same portion of premiums as if actively employed. MHCD will provide the employee advance written notice of the terms and conditions under which these payments must be made. MHCD may recover from the employee the employee portion of premiums MHCD paid, if any, for maintaining group health coverage for an employee during leave if the employee fails to return from leave, unless it is beyond the control of the employee, e.g., serious health condition.
Group Health Coverage. The Company will make available and pay for group medical, dental and vision insurance coverage (together, “Group Health Coverage”) for Executive and Executive’s spouse during the Employment Term and for the duration of Executive’s lifetime (or, following the Employment Term, the Company will provide reasonably equivalent Group Health Coverage for the remainder of Executive’s lifetime and, for Executive’s spouse, for the remainder of Executive’s lifetime and for sixty months after Executive’s death or presumed death). Such Group Health Coverage following the Employment Term will be deemed to be provided pursuant to Executive’s and Executive’s spouse’s timely election for continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) to the fullest extent such COBRA coverage is available to Executive and Executive’s spouse, will commence upon the otherwise applicable coverage termination date upon Executive’s termination of employment and will continue, with such coverage provided monthly, until Executive’s death or presumed death (and, for Executive’s spouse for sixty months after Executive’s death or presumed death). For each month following the Employment Term, the Company will pay, or fully reimburse Executive (or Executive’s spouse, following Executive’s death or presumed death) for the full cost of premiums for the Group Health Coverage. Payment or reimbursement will be made within thirty days following each monthly premium due date, and in no event will payment or reimbursement be made later than March 15th of the year immediately following the year to which the payment or reimbursement relates. The Parties acknowledge that, under current tax law, the Company’s payment or reimbursement for the full cost of the Group Health Coverage premiums provided after the Employment Term, will be taxable to Executive (or to Executive’s spouse, following Executive’s death or presumed death); and the Group Health Coverage provided after the Employment Term will be subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the published guidance thereunder (“Section 409A”) and the Code Section 409A restrictions set forth in Section 5(b).
Group Health Coverage. If Xx. Xxxxxx and his spouse and eligible children are entitled to, and timely (and properly) elect to, continue their coverage (or the coverage of any one of them) under CMI’s group health plans pursuant to COBRA, CMI shall pay the premiums for such COBRA continuation coverage for a period of eighteen (18) months following the last day of the month containing Xx. Xxxxxx’x date of termination or until Xx. Xxxxxx is no longer entitled to COBRA continuation coverage under CMI’s group health plans, whichever period is shorter; provided, however, that notwithstanding the foregoing or any other provision in this Agreement to the contrary, CMI may unilaterally amend this Section 3.6(A)(v) or eliminate the benefit provided hereunder to the extent it deems necessary to avoid the imposition of excise taxes, penalties or similar charges on CMI or any of its subsidiaries or affiliates, including, without limitation, under Section 4980D of the Code
Group Health Coverage. Effective as of the Separation Date, PRIMEDIA shall continue to provide Executive and his eligible dependents with medical, dental and vision benefits pursuant to PRIMEDIA’s health and dental benefit program until the expiration of the eighteen month period commencing on the Separation Date. Notwithstanding the foregoing, as a condition to receiving the benefits hereunder, Executive and his eligible dependents shall elect to receive group health benefit coverage from PRIMEDIA as permitted pursuant to the Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”), which coverage shall begin on the Separation Date and run through the eighteen month period provided pursuant to COBRA. Executive shall not be required to pay for such coverage.
Group Health Coverage. You and your eligible family members shall be entitled to group health coverage to the extent that such coverage is required to be provided in accordance with the provisions of Section 4980B of the Code and Section 601 of the Employee Retirement Income Security Act (sometimes referred to as “COBRA coverage”); provided that your eligibility for such coverage shall be determined as though such coverage was required for the greater of twenty-four (24) months after your Date of Termination or the period otherwise required under the applicable COBRA coverage provisions. For the twenty-four (24) month period during which you are entitled to such medical benefit coverage under this paragraph 4(iii)(f), the premiums for such coverage shall be paid by the Corporation (either by direct payment of such premiums, or by reimbursing you for the premiums, at the election of the Corporation), and the period of such coverage provided under this paragraph 4(iii)(f) shall be counted toward the Corporation’s obligation to provide COBRA coverage. (For the avoidance of doubt, it is recited that the value of all or a portion of such coverage may be included in your taxable gross income as reported by the Corporation.) Except as specifically permitted by Section 409A of the Code and the regulations thereunder as in effect from time to time (collectively, “Section 409A”), the amount of coverage provided pursuant to this paragraph 4(iii)(f) to you and your eligible family members during any calendar year will not affect the amount of such coverage to be provided to you and your eligible family members in any other calendar year, and any reimbursement for any premiums pursuant to this paragraph 4(iii)(f) shall be paid to you no later than the end of the calendar year next following the year in which you pay such premiums.
Group Health Coverage. Effective as of the first day of the month following the Termination Date, until the earliest to occur of (A) the expiration of eighteen months after the Termination Date, (B) the date the Executive first becomes eligible to receive health benefits under another employer-provided plan, from and after the Termination Date, or (C) the death of the Executive, the Company shall, subject to proper COBRA election by Executive, continue medical and dental benefits to the Executive (and, if applicable, to the spouse and dependents of the Executive who received such benefits under the Executive’s coverage immediately prior to the Termination Date) at least equal to those that would have been provided to the Executive (and to any such dependent) in accordance with the plans, programs, practices and policies of the Company had the Executive remained actively employed, provided that Executive makes all required COBRA payments to the Company, and the Company shall immediately reimburse Executive for each such COBRA payment. Continued group health coverage shall be subject to imputed tax on Executive in accordance with applicable law.
Group Health Coverage. Effective as of the Termination Date, until the earliest to occur of (A) the expiration of eighteen months after the Termination Date, (B) the date on which the Executive attains the age of 65, (C) the date the Executive first becomes eligible to receive health benefits under another employer-provided plan, from and after the Termination Date, or (D) the death of the Executive, the Company shall, via proper COBRA election by Executive, continue medical and dental benefits to the Executive (and, if applicable, to the spouse and dependents of the Executive who received such benefits under the Executive’s coverage immediately prior to the Termination Date) at least equal to those that would have been provided to the Executive (and to any such dependent) in accordance with the plans, programs, practices and policies of the Company had the Executive remained actively employed, provided that Executive makes all required COBRA payments to the Company, and the Company shall immediately reimburse Executive for each such COBRA payment.
Group Health Coverage. If Xx. Xxxxxx is eligible for and properly elects to continue his group health benefits pursuant to COBRA, CMI shall pay the premiums for such COBRA continuation coverage for up to 18 months or such earlier date as Xx. Xxxxxx loses eligibility for such coverage.
