Common use of Health Care Benefit Clause in Contracts

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 14 contracts

Samples: Severance Agreement, Severance Agreement, Severance Agreement (Equinix Inc)

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Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employmentan Involuntary Termination, then in addition to the benefits noted above, the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 7 contracts

Samples: Severance and Non Competition Agreement, Severance and Non Competition Agreement (SAVVIS, Inc.), And Non Competition Agreement (SAVVIS, Inc.)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month twenty four (24)-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (Equinix Inc), Change in Control Severance Agreement (Equinix Inc), Change in Control Severance Agreement (Equinix Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (iA) the close of COBRA Continuation Period (Other than During a Change in Control Period) as defined in the twelve-month period following cessation of his or her employment Executive Addendum, (B) the date when the Executive receives similar coverage with a new employer or (iiC) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 3 contracts

Samples: Control Agreement (Alteryx, Inc.), Severance and Change in Control Agreement (Alteryx, Inc.), Severance and Change in Control Agreement (Alteryx, Inc.)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) COBRA following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i1) the close of COBRA Continuation Period (During a Change in Control Period) as defined in the twelve-month period following cessation of his or her employment Executive Addendum, (2) the date when the Executive receives similar coverage with a new employer or (ii3) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 3 contracts

Samples: Control Agreement (Alteryx, Inc.), Severance and Change in Control Agreement (Alteryx, Inc.), Severance and Change in Control Agreement (Alteryx, Inc.)

Health Care Benefit. If the Executive is subject to a Qualifying an Involuntary Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 2 contracts

Samples: Severance Agreement (Equinix Inc), Severance Agreement (Equinix Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelvesix-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Responsys Inc), Change of Control Severance Agreement (Responsys Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Terminationeligible for the severance benefit set forth in Section 2(a) above, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month [six][nine]-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Marin Software Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month eighteen (18)-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Equinix Inc)

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Health Care Benefit. If the Executive is subject to a Qualifying TerminationTermination and satisfies the conditions set forth in Section 2(a) above to receive cash severance payments, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Control Severance Agreement (Nimble Storage Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelve-month [six][nine]-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Marin Software Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Terminationeligible for the severance benefit set forth in Section 2(a) above, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelvenine-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Technology Assignment Agreement (Marin Software Inc)

Health Care Benefit. If the Executive is subject to a Qualifying an Involuntary Termination, and if the Executive timely elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") following the termination of his or her employmentInvoluntary Termination, then the Company shall pay the Executive’s 's monthly premium under COBRA until the earliest of (i) the close of the twelve-six (6) month period following cessation the date of his or her employment Involuntary Termination or (ii) the expiration of the Executive’s 's continuation coverage under COBRA.

Appears in 1 contract

Samples: Officer Severance Agreement (Alibris Inc)

Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of (i) the close of the twelvenine-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA.

Appears in 1 contract

Samples: Technology Assignment Agreement (Marin Software Inc)

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