Common use of Group Health, Dental and Vision Premium Reimbursement Clause in Contracts

Group Health, Dental and Vision Premium Reimbursement. Executive shall be reimbursed for group health, dental and vision insurance coverage premiums at the same level of coverage as was provided to Executive immediately prior to his employment termination and at the same ratio of Company premium payment to Executive premium payment as was in effect immediately prior to such employment termination (the “Company-Paid Coverage”). If such Company-Paid Coverage included Executive’s dependents immediately prior to the employment termination, such dependents shall also be covered at Company’s expense. Such Company-Paid Coverage shall continue until the earlier of: (i) eighteen (18) months from the date of termination, or (ii) the date upon which Executive and his dependents become covered under another employer’s group health, dental and vision plans that provide Executive and his dependents with comparable benefits and levels of coverage (the “Benefits Continuation Period”). For purposes of Title X of the Consolidated Budget Reconciliation Act of 1985 (“COBRA”), the date of the “qualifying event” for Executive and his dependents shall be the end of the Benefits Continuation Period.