Common use of Health Benefits Clause in Contracts

Health Benefits. The Company shall provide the --------------- Executive with the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) months from the termination of Executive's employment; and

Appears in 3 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

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Health Benefits. The Company shall provide the Executive --------------- Executive with the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) twelve months from the termination of date Executive's employment; andemployment with the Company terminated.

Appears in 3 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

Health Benefits. The Company shall provide the Executive --------------- Executive with the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) months from the termination of Executive's employment; and

Appears in 3 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

Health Benefits. The Company shall provide the --------------- Executive with --------------- the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) twelve months from the termination of date Executive's employment; andemployment with the Company terminated.

Appears in 2 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

Health Benefits. The Company shall provide reimburse the --------------- Executive with for the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l4980B(g)(1) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA COBRA, or (ii) six (6) months one year from the termination Effective Date. Executive shall be responsible for the payment of Executive's employment; andCOBRA premiums (including, without limitation, all administrative expenses) for the remaining COBRA period.

Appears in 1 contract

Samples: Severance Agreement (Metacreations Corp)

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Health Benefits. The Company shall provide the --------------- Executive with the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) twelve months from the termination of date Executive's employment; andemployment with the Company terminated.

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

Health Benefits. The Company shall provide the --------------- Executive with the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) months from the termination of Executive's employment; and.

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

Health Benefits. The Company shall provide the --------------- Executive with --------------- the same level of health coverage and benefits as in effect for the Executive on the day immediately preceding the day of the Executive's termination of employment; provided, however, that (i) the Executive constitutes a qualified beneficiary, as defined in Section 4980(g)(l) of the Internal Revenue Code of 1986, as amended; and (ii) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to reimburse Executive for continuation coverage until the earlier of (i) the date Executive is no longer eligible to receive continuation coverage pursuant to COBRA or (ii) six (6) twelve months from the termination of date Executive's employment; andemployment with the Company terminated .

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

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