Common use of Health Care Continuation Coverage Clause in Contracts

Health Care Continuation Coverage. If you timely elect continued coverage under COBRA, the Company will pay the COBRA premiums to continue your coverage (including coverage for eligible dependents, if applicable) (the “COBRA Premiums”) through the period (the “COBRA Premium Period”) starting on the Separation Date and ending on the earliest to occur of: (i) December 31, 2014; (ii) the date you become eligible for group health insurance coverage through a new employer; or (iii) the date you cease to be eligible for COBRA continuation coverage for any reason, including plan termination. If you are obligated to make the COBRA payments directly to the insurance carrier, upon submission of proof of such payments to the Company, the Company will reimburse you such amounts. In the event you become covered under another employer’s group health plan or otherwise cease to be eligible for COBRA during the COBRA Premium Period, you must immediately notify the Company of such event. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, a fully taxable cash payment equal to the applicable COBRA premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdings, for the remainder of the COBRA Premium Period, which you may, but are not obligated to, use toward the cost of COBRA premiums.

Health Care Continuation Coverage. To the extent provided by the federal COBRA law or, if applicable, state insurance laws (collectively, “COBRA”), and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense after the Resignation Date. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. If you timely elect continued coverage under COBRA, the Company will pay the your COBRA premiums to continue your coverage (including coverage for eligible dependents, if applicable) (the “COBRA Premiums”) through sufficient to maintain your group health insurance coverage in effect as of the period Resignation Date (including dependent coverage, if applicable) for twelve (12) months beginning February 1, 2011 (the “COBRA Premium Premiums Period”) starting on ), provided that the Separation Date and ending on Company’s obligation to continue to pay the earliest to occur of: (i) December 31, 2014; (ii) the date you become eligible for COBRA Premiums hereunder will cease upon your becoming covered by group health insurance coverage through a new employer; employer or (iii) the date if you cease to be eligible for COBRA continuation coverage for any reason, including plan termination. If you are obligated to make the COBRA payments directly to the insurance carrier, upon submission of proof of such payments to the Company, the Company will reimburse you such amounts. In the event you become covered under another employer’s group health plan or otherwise cease to be eligible for COBRA during the COBRA Premium Period, you must immediately notify the Company of such eventcoverage. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, a fully taxable cash payment equal to the applicable COBRA premiums Premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdingswithholdings (such amount, for the remainder of “Special Cash Payment”), during the COBRA Premium PeriodPremiums Period or, which if sooner, the date that either you become covered by group health insurance coverage through a new employer or you cease to be eligible for COBRA continuation coverage. You may, but are not obligated to, use such Special Cash Payments toward the cost of COBRA premiumsPremiums. If, during the COBRA Premiums Period, you become covered by group health insurance coverage through another employer or otherwise you cease to be eligible for COBRA, you must immediately notify the Company in writing of such event.

Health Care Continuation Coverage. If To the extent provided by the federal COBRA law or, if applicable, state insurance laws (collectively, “COBRA”), and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense after the Separation Date. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. You will be provided with a separate notice describing your rights and obligations under COBRA laws on or after the Separation Date. As an additional benefit under this Agreement, if you timely sign this Agreement and allow the releases set forth herein to become effective, comply with its terms, and provided that you timely elect continued coverage under COBRA, the Company will pay reimburse the full amount of your COBRA premiums premium payments sufficient to continue your group coverage (at its current level including coverage for eligible dependentscosts of dependent coverage, if applicable) , through the earlier of either of the following provided that you remain eligible for COBRA coverage (such applicable time period, the “COBRA Premiums”) through the period (the “COBRA Premium Payment Period”): (A) starting on five (5) months following the Separation Date and ending on the earliest to occur of: Date; or (i) December 31, 2014; (iiB) the date that you become eligible for group health insurance coverage through a new employer; or (iii) . You must promptly notify the date Company in writing if you cease to be become eligible for COBRA continuation group health insurance coverage for any reasonthrough a new employer prior to February 28, including plan termination2020. If you are obligated to make the COBRA payments directly to the insurance carrier, upon submission of You must submit proof of such your COBRA premium payments to the Company, Company to receive the COBRA reimbursements. Requests for reimbursement (along with proof of payment of the premium amounts) must be submitted to the Company will reimburse you such amounts. In the event you become covered under another employer’s group health plan or otherwise cease within ninety (90) days of being incurred to be eligible for COBRA during the COBRA Premium Period, you must immediately notify the Company of such eventreimbursable. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay issue the COBRA Premiums premium reimbursement payment without a substantial risk of violating potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, provide you with a fully taxable cash monthly payment equal to the applicable monthly COBRA premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdings, premium amount for the remainder of the COBRA Premium Payment Period, which you may, but are not obligated to, use toward the cost of COBRA premiums.

Health Care Continuation Coverage. To the extent provided by the federal COBRA law or, if applicable, state insurance laws (collectively, “COBRA”), and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense after the Separation Date. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. If you timely elect continued coverage under COBRA, the Company will pay the your COBRA premiums to continue your coverage (including coverage for eligible dependents, if applicable) (the “COBRA Premiums”) sufficient to maintain your group health insurance coverage in effect as of the Separation Date (including dependent coverage, if applicable) for a maximum period of fifteen (15) months following the Separation Date (e.g., through the period March 31, 2014) (the “COBRA Premium Premiums Period”) starting on the Separation Date and ending on the earliest to occur of: (i) December 31, 2014; (ii) the date you become eligible for group health insurance coverage through a new employer; or (iii) the date you cease to be eligible for COBRA continuation coverage for any reason, including plan termination). If you are obligated to make the COBRA payments directly to the insurance carrier, upon submission of proof of such payments to the Company, the Company will reimburse you such amounts. In the event you become covered under another employer’s group health plan or otherwise cease to be eligible for COBRA during the COBRA Premium Period, you must immediately notify the Company of such event. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, a fully taxable cash payment equal to the applicable COBRA premiums Premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdingswithholdings (such amount, for the remainder of “Special Cash Payment”), during the COBRA Premium Premiums Period, which you . You may, but are not obligated to, use such Special Cash Payment toward the cost of COBRA premiums. If, during the COBRA Premiums Period, you become eligible for group health insurance coverage through another employer or otherwise cease to be eligible for COBRA, the Company’s obligation to pay your COBRA Premiums (or Special Cash Payment) will terminate. You are required to immediately notify the Company in writing if you become eligible for coverage under a group health plan of another employer or if you otherwise cease to be eligible for COBRA.

Health Care Continuation Coverage. If you timely elect continued coverage under COBRA, the Company will pay the your COBRA premiums (the “COBRA Premium Amount”) necessary to continue your coverage (including coverage for eligible dependents, if applicable) (the “COBRA Premiums”) through the period (the “COBRA Premium Period”) starting on the Separation Date and ending on the earliest to occur of: (i) December 31, 2014eighteen (18) months from the Separation Date (the “COBRA End Date”); or (ii) the date you and your eligible dependents, if applicable, become eligible for group health insurance coverage through a new employer; or (iii) the date . In addition, provided you cease to be have not become eligible for COBRA continuation group health insurance coverage for any reason, including plan termination. If you are obligated to make the COBRA payments directly to the insurance carrier, upon submission of proof of such payments to the Companythrough a new employer, the Company will reimburse you such amountsshall pay an additional six (6) months of the COBRA Premium Amount in six (6) equal monthly installments after the COBRA End Date. In the event you become covered under another employer’s group health plan or otherwise cease to be eligible for COBRA during the COBRA Premium Periodplan, you must immediately notify the Company of such event, and any failure to do so shall be deemed a material breach of this Agreement. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, a fully taxable cash payment equal to the applicable COBRA premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdingswithholdings (such amount, the “Special Cash Payment”), for the remainder of the COBRA Premium Period, which you . You may, but are not obligated to, use such Special Cash Payments toward the cost of COBRA premiums. Other than what is specified in this Agreement and notwithstanding anything to the contrary contained in the Executive Employment Agreement between the Company and Employee dated January 1, 2015 (the “Employment Agreement”), Employee has no other rights to any other compensation or consideration from the Company. Furthermore, the Parties acknowledge and agree that the compensation and payments described in this Section 2 have not been altered from what is set forth under the Employment Agreement. In the event that Employee breaches any obligation or provision hereunder, the Company, in addition to any other rights or remedies, shall be relieved of any obligation to make any further payments to the Employee of any consideration hereunder. Employee shall keep the Company informed regarding any updates in his address to where he desires to receive any payments due to him.