Health Care and Life Insurance Coverage Sample Clauses

Health Care and Life Insurance Coverage. Continued health care coverage under Gen-Probe’s medical plan will be provided, without charge, to the Executive and his eligible dependents until the earlier of (i) one (1) year following the termination date or (ii) the first date that the Executive is covered under another employer’s health benefit program providing substantially the same or better benefit options to the Executive without exclusion for any pre-existing medical condition. The period of time medical coverage continues under this agreement will be counted as coverage time under COBRA. Gen-Probe will pay the premium for continued life insurance coverage, if any, that the Executive may have elected under Gen-Probe’s Life Insurance and Supplemental Life Insurance plan, subject to payment by the Executive of the portion of such premium not contributed by Gen-Probe under such plan, during the Salary Continuation Period.
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Health Care and Life Insurance Coverage. You will be eligible to elect continued group health care coverage, as otherwise required under the Consolidated Omnibus Budget Reconciliation Act of 1986, 29 U.S.C. §§ 1161-1168; 26 U.S.C. § 4980B(f), as amended, all applicable regulations (referred to collectively as “COBRA”) and applicable state continuation law. You will be eligible to elect continued life insurance coverage under applicable state law.
Sample 1
Health Care and Life Insurance Coverage. GEN-PROBE shall provide DX. XXXXX with continued health care coverage under GEN-PROBE’s medical plan, without charge, to DX. XXXXX and his eligible dependents until the earlier of (i) July 16, 2008 or (ii) the first date that DX. XXXXX is covered under another employer’s health benefit program providing substantially the same or better benefit options to DX. XXXXX without exclusion for any pre-existing medical condition. The period of time medical coverage continues under this agreement will be counted as coverage time under COBRA. GEN-PROBE will pay the premium for continued life insurance coverage, if any, that DX. XXXXX may have elected under GEN-PROBE’s Life Insurance and Supplemental Life Insurance plan, subject to payment by DX. XXXXX of the portion of such premium not contributed by GEN-PROBE under such plan, through July 16, 2008.
Sample 1
Health Care and Life Insurance Coverage. Continued health care coverage under Gen-Probe's medical plan will be provided, without charge, to the Executive and his eligible dependents until the earlier of (i) Executive's sixty-fifth (65th) birthday or (ii) the first date that the Executive is covered under another employer's health benefit program providing substantially the same or better benefit options to the Executive without exclusion for any pre-existing medical condition. The period of time medical coverage continues under this Agreement will be counted as coverage time under COBRA. Such coverage may be provided at Gen-Probe's option either by payment directly to Gen-Probe's health insurance carrier, through Gen-Probe's own employee medical expense plan if Gen-Probe is self-insured, or through reimbursement of Executive's COBRA premiums upon submission of reasonable substantiation. As to life insurance, Gen-Probe will pay the premium for continued life insurance coverage, if any, that the Executive may have elected under Gen-Probe's Life Insurance and Supplemental Life Insurance plan, subject to payment by the Executive of the portion of such premium not contributed by Gen-Probe under such plan, during the Salary Continuation Period. After Executive reaches age 65, Gen-Probe will provide for up to $10,000.00 per year in medical reimbursement to cover medical or prescription expenses incurred but not covered by either Medicare Part A and B or Medicare Supplemental Insurance mentioned in the following sentence. The Executive is expected to carry Supplemental Medicare Insurance and to comply with the Insurance Plan restrictions to maximize coverage.
Sample 1
Health Care and Life Insurance Coverage. Continued health care coverage under the Company's medical plan will be provided, without charge, to you and your eligible dependents until the earlier of (i) two (2) years after the effective date of your involuntary termination, or (ii) the first date that you are covered under another employer's health benefit program providing substantially the same or better benefit options to you without exclusion for any pre-existing medical condition. This coverage will be in lieu of any other continued health care coverage to which you or your dependents would otherwise, at your own expense, be entitled to in accordance with the requirements of Code Section 4980B by reason of your termination of employment. The Company will pay the premium for continued life insurance coverage, if any, that you may have elected under this Company's cafeteria benefit plan, subject to payment by you of the portion of such premium not contributed by the Company under such plan, until the earlier of two (2) years from the effective date of your separation or your acceptance of employment with a successor employer.
Sample 1
Health Care and Life Insurance Coverage. If you elect to continue coverage under the Company’s health, dental and vision plan[s] at the time of your termination of employment pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall pay, under COBRA or otherwise, the entire amount of insurance premiums for such continued health care coverage for you and your eligible dependents until the earlier of (i) two (2) years after your termination date, or (ii) the first date that you are covered under another employer’s health benefit program providing substantially the same or better benefit options to you without exclusion for any pre-existing medical condition. Any applicable insurance premiums that are paid by the Company under this Section 8(c) shall not include any amounts that may be payable by you under a Code Section 125 health care reimbursement plan. The Company will pay the premium for continued life insurance coverage, if any, that you may have elected under the Company’s benefit plans, subject to payment by you of the portion of such premium not contributed by the Company under such plan, until the earlier of (i) two (2) years after your termination date or your acceptance of employment with a successor employer.
Sample 1

Related to Health Care and Life Insurance Coverage

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Insurance Coverages The Company shall procure and maintain in full force and effect throughout the Term of this Agreement insurance coverages of the following types and amounts and with insurance companies rated not less than A- by A.M. Best, or otherwise equivalent in respect of the Company’s properties and operations:

  • Life Insurance If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer.

  • Post-Termination Insurance Coverage (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank shall continue or cause to be continued at the Bank’s expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Insurance Company The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia.

  • Insurance Companies Insurance required to be maintained by Tenant shall be written by companies licensed to do business in the state in which the Premises are located and having a "General Policyholders Rating" of at least A (or such higher rating as may be required by a lender having a lien on the Premises) as set forth in the most current issue of "Best's Insurance Guide."

  • Certificate of Insurer – Insurance Coverage Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies.

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