Group Medical Coverage. The Company shall, following the Executive’s timely election, provide the Executive with continued coverage for one year after termination of Executive’s employment under the Company’s group health insurance plans in effect upon termination of Executive’s employment without Cause or for Good Reason in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), at no cost to Executive. If COBRA or similar benefits are not available by law during any portion of the remainder of such one year period, then the Company shall pay Executive each month during which COBRA or similar benefits are not available by law an amount equal to the premium paid by Executive for the last month during which such COBRA or similar benefits were available.
Group Medical Coverage. The Company shall, following the Executive’s timely election, provide the Executive with continued coverage for the Salary Continuation Period under the Company’s group health insurance plans (exclusive of the Exec-U-Care plan) in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), at no cost to Executive for a period of twelve months. Notwithstanding the preceding sentence, if the Company determines, in its sole discretion, that the payment of the COBRA premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended (the “Code”), or any statute or regulation of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of providing the COBRA premiums, the Company, in its sole discretion, may elect to instead pay Executive on the first day of each month of such Salary Continuation Period, a fully taxable cash payment equal to the COBRA premiums for that month, subject to applicable withholdings and deductions, and Executive may, but is not obligated to, use such payments toward the cost of COBRA premiums.
Group Medical Coverage. The Company shall, following the Executive’s timely election, provide the Executive with continued coverage for the Salary Continuation Period under the Company’s group health insurance plans in effect upon termination of Executive’s employment without Cause or for Good Reason in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), at no cost to Executive.
Group Medical Coverage. For a thirty-six (36) month period after the Executive’s CIC Termination or a twenty-four (24) month period after the Executive’s Non-CIC Termination, as applicable, Executive may elect to continue, under the terms prevailing from time to time, group medical and dental coverage for himself and his covered dependents. If Executive elects such coverage, Executive’s share of any group medical and dental premiums will be at the then-prevailing active employee rate. Failure to pay the premium will result in loss of the coverage. Executive agrees and understands that his rights under Code Section 4980B which sets forth certain COBRA continuation coverage requirements will run concurrently with the period of coverage under this Section 2.3.1. Following the period of coverage under this Section 2.3.1, Executive may continue medical and dental coverage for any remaining COBRA period only by electing COBRA coverage and paying the applicable premiums under COBRA. Medical benefits otherwise receivable by the Executive pursuant to this Section 2.3.1 shall be reduced to the extent the Executive obtains comparable coverage under another employer’s plan during the 36-month or 24-month period, as applicable following the Executive’s termination. The Executive agrees to immediately report such other coverages to the Company.
Group Medical Coverage. The Company shall, following the Executive's timely election, provide the Executive with continued coverage for the remainder of the Term under the Company's group health insurance plans in effect upon termination of Executive's employment without Cause or for Good Reason in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), at no cost to Executive. If the remaining Term exceeds the Executive's maximum period of COBRA entitlement (including any extensions permitted by applicable state law), the Company shall, for the remainder of the Term, make monthly payments to the Executive equal to the applicable COBRA premium as in effect for the last month during which such COBRA coverage was available.
(b) Section 4 of the Agreement is hereby amended by the addition of the following Section 4.9:
Group Medical Coverage. The Company shall provide the Executive with continued coverage for the remainder of the Term under the Company’s group health insurance plans in effect upon termination of Executive’s employment without Cause or for Good Reason to the extent permitted under the terms of such plans then in effect, at no cost to Executive. If such continued coverage is not permitted under the terms of such plans, then the Company shall, subject to Executive making an election under the Federal COBRA law within the time prescribed by law, reimburse Executive for his payment of premiums for such benefits for the remainder of the Term. If COBRA or similar benefits are not available by law during any portion of the remainder of the Term, then the Company shall pay Executive each month during which COBRA or similar benefits are not available by law an amount equal to the premium paid by Executive for the last month during which such COBRA or similar benefits were available.
Group Medical Coverage. For officers covered by this Agreement, group medical coverage is available from a plan selected by the City Manager, currently the State of Illinois Central Management Services (CMS). Four plans, which provide certain basic benefits and comprehensive major medical benefits to age sixty- five (65) will be made available to permanent full-time officers and their dependents and retired employees and their dependents. Plans which provide benefits supplemental to Parts A and B of Medicare are available to the aforementioned persons upon the attainment of age sixty-five (65). These plans of medical coverage available to the officers and their dependents, whether the officer is an active full-time employee or a retired employee, are dictated by the age of the persons involved. Continuation of medical benefits will be offered at group rates to certain eligible employees and beneficiaries whose coverage would otherwise have terminated. Former employees and beneficiaries will pay the premium and must notify the City of their intention to continue the coverage within sixty (60) days beginning on the date that coverage would have terminated under the group health plan. Details of these benefits are further explained in the Employee Health Plan summary plan document. Officers who have been placed on temporary or permanent disability by the Police Pension Fund (including pregnancy or off duty injury leave in excess of one hundred eighty three (183) days) may remain on the City’s group medical plan at the officer’s cost until age sixty-five (65) except as specified in Section 18.3A.
Group Medical Coverage. Following the Executive’s CIC Termination or Non-CIC Termination, as applicable, the Executive may elect to continue, under the terms prevailing from time to time, group medical and dental coverage for himself and his covered dependents in accordance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”). If the Executive elects such coverage, Executive’s share of any group medical and dental premiums for the thirty-six (36) month or twenty-four (24) month period, as applicable, after termination will be at the then-prevailing active employee rate, and the Company shall waive its right to collect the difference between the Executive’s COBRA premium and the then-prevailing active employee rate during such period. The Executive’s failure to pay his required share of the COBRA premium will result in loss of the coverage. The Executive agrees and understands that his rights under Code Section 4980B, which sets forth certain COBRA continuation coverage requirements, will run concurrently with the period of coverage under this Section 2.3.1. Following the thirty-six (36) month or twenty-four (24) month period of coverage, as applicable, under this Section 2.3.1, Executive may continue medical and dental coverage for any remaining COBRA period only by paying the full applicable COBRA premiums. Medical benefits otherwise receivable by the Executive pursuant to this Section 2.3.1 shall be reduced to the extent the Executive obtains comparable coverage under another employer’s plan during the thirty-six (36) month or twenty-four (24) month period, as applicable, following the Executive’s termination. The Executive agrees to immediately report such other coverages to the Company.
Group Medical Coverage. The Company shall, following the Executive’s timely election, provide the Executive with continued coverage, for that number of months after termination of Executive’s employment equal to the number of Severance Months, under the Company’s group health insurance plans in effect upon termination of Executive’s employment in accordance with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), at no cost to Executive. If COBRA or similar benefits are not available by law during any portion of the remainder of such six-month period, then the Company shall pay Executive each month during which COBRA or similar benefits are not available by law an amount equal to the premium paid by Executive for the last month during which such COBRA or similar benefits were available.
Group Medical Coverage. Plans, each of which provide certain basic benefits and comprehensive major medical benefits to age sixty-five (65) are available to permanent full-time employees and their dependents, and to eligible retired employees under the age of 65 and their dependents under the age of 65. Plans of medical coverage that is secondary coverage to Medicare Parts A and B are available to retired employees at age sixty-five (65) and their dependents at age 65. Upon termination of employment for any reason other than retirement, the group coverage shall cease as of the date of the termination of employment. Employees who have been placed on temporary or permanent disability by the Illinois Municipal Retirement Fund, on pregnancy leave, or who are on injury leave in excess of the injury leave period may remain on the City's major medical plan at the employee's cost until age sixty-five (65).
