Common use of Group Health, Life and Disability Insurance Coverage Clause in Contracts

Group Health, Life and Disability Insurance Coverage. If Employee and his spouse and dependent children (as applicable) are eligible for, and timely (and properly) elect, to continue their coverage under the Company’s group health plans in accordance with Section 4980B(f) of the Code (“COBRA”), the Company will pay the premium for such coverage for whichever of the following periods is the shortest: (A) the longer of (1) the remaining term of this Agreement or (2) a period of twelve months following the date of Employee’s termination of employment or (B) until Employee is no longer entitled to COBRA continuation coverage under the Company’s group health plans. Notwithstanding anything to the contrary in this Section 8(b)(ii), this Section 8(b)(ii) shall not require continuation of any coverage after death in the case of termination under Section 7(b)(i), but nothing in this sentence shall affect any benefits payable on account of death.

Appears in 5 contracts

Samples: Employment Agreement (CAI International, Inc.), Employment Agreement (CAI International, Inc.), Employment Agreement (CAI International, Inc.)

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Group Health, Life and Disability Insurance Coverage. If Employee and his spouse and dependent children (as applicable) are eligible for, and timely (and properly) elect, to continue their coverage under the Company’s 's group health plans in accordance with Section 4980B(f) of the Code ("COBRA"), the Company will pay the premium for such coverage for whichever of the following periods is the shortest: (A) the longer of (1) the remaining term of this Agreement or (2) a period of twelve eighteen (18) months following the date of Employee’s 's termination of employment or (B) until Employee is no longer entitled to COBRA continuation coverage under the Company’s 's group health plans. Notwithstanding anything to the contrary in this Section 8(b)(ii9(b)(ii), this Section 8(b)(ii9(b)(ii) shall not require continuation of any coverage after death in the case of termination under Section 7(b)(i8(c)(i), but nothing in this sentence shall affect any benefits payable on account of death.

Appears in 3 contracts

Samples: Employment Agreement (CAI International, Inc.), Employment Agreement (CAI International, Inc.), Employment Agreement (CAI International, Inc.)

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Group Health, Life and Disability Insurance Coverage. If Employee and his her spouse and dependent children (as applicable) are eligible for, and timely (and properly) elect, to continue their coverage under the Company’s group health plans in accordance with Section 4980B(f) of the Code (“COBRA”), the Company will pay the premium for such coverage for whichever of the following periods is the shortest: (A) the longer of (1) the remaining term of this Agreement or (2) a period of twelve eighteen (18) months following the date of Employee’s termination of employment or (B) until Employee is no longer entitled to COBRA continuation coverage under the Company’s group health plans. Notwithstanding anything to the contrary in this Section 8(b)(ii9(b)(ii), this Section 8(b)(ii9(b)(ii) shall not require continuation of any coverage after death in the case of termination under Section 7(b)(i8(c)(i), but nothing in this sentence shall affect any benefits payable on account of death.

Appears in 1 contract

Samples: Employment Agreement (CAI International, Inc.)

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