Health Coverage Continuation. Payment by the Corporation of the COBRA continuation coverage premium necessary to continue Executive's then current employee and dependent health, dental, and prescription drug coverage during the Severance Pay Period, provided that (A) Executive elects and remains eligible for COBRA continuation coverage, (B) Executive continues to pay the normal employee contribution for such coverage, and (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer; and
Health Coverage Continuation. Reimbursement by the Corporation of expenses incurred by Executive to continue Executive's then current employee and dependent health, dental, and prescription drug coverage under COBRA during the Severance Pay Period, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the normal employee contribution for such coverage, (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer; and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense, but may not be made after the last day of the second calendar year following the calendar year in which the Executive's employment terminates; and
Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Bradxxx) xxll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Bradxxx) xxll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Bradxxx) xx such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Bradxxx) xxr medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage Cost"). The coverage to be provided to you pursuant to the foregoing provisions of this Section 3 shall be the coverage that is provided from time to time to similarly situated active employees of the Company or, if no such coverage is provided, such coverage as can be purchased from an insurance company that is comparable to the medical coverage last provided to similarly situated active employees of the Company. If, in any event, the cost of the post-termination coverage exceeds the Maximum Coverage Cost, the Company (or, after the Merger, Bradxxx) xxall be required to contribute to the cost of such coverage an amount equal to the Maximum Coverage Cost.
Health Coverage Continuation. In addition to the foregoing, the Corporation will reimburse Executive for expenses incurred by Executive to continue Executive's then current employee and dependent health, dental, and prescription drug coverage during the period of time in which the Executive would be entitled to continuation coverage under COBRA, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the -7- normal employee contribution for such coverage, (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense, but may not be made after the last day of the second calendar year following the calendar year in which the Executive's employment terminates.
Health Coverage Continuation. In addition to the foregoing, the Corporation will reimburse Executive for expenses incurred by Executive to continue Executive's then current employee and dependent health, dental, and prescription drug coverage during the period of time in which the Executive would be entitled to continuation coverage under COBRA, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the normal employee contribution for such coverage, and (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer; and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense, but may not be made after the last day of the calendar year following the second calendar year in which the Executive's employment terminates. -7-
Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Bradxxx) xxll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Bradxxx) xxll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Bradxxx) xx such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Bradxxx) xxr medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage
Health Coverage Continuation. Executive will continue to be eligible to participate in the Company’s health, dental and vision insurance programs until the end of the calendar month in which the Resignation Date occurs. Thereafter, provided that Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will provide Executive with such continuing coverage under the Company’s group health plans as Executive received prior to the Resignation Date (provided Executive continues to pay his share of such coverage) as would have applied in the absence of such termination from the Resignation Date through the earlier of the second anniversary of the Resignation Date or such time as Executive becomes entitled to receive health benefits from another employer or recipient of Executive’s services (such entitlement being determined without regard to any individual waivers or other similar arrangements);
Health Coverage Continuation. Provided that Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will provide Executive with such continuing coverage under the Company’s group health plans as Executive would have received under his Employment Agreement (and at such costs to Executive) as would have applied in the absence of such termination from the Resignation Date through the earlier of July 31, 2012 or such time as Executive becomes entitled to receive benefits of the same type from another employer or recipient of Executive’s services (such entitlement being determined without regard to any individual waivers or other similar arrangements); and
Health Coverage Continuation. If you make a timely election under COBRA to continue your current group medical coverage after your date of termination, the Company will reimburse you for the premiums paid by you for such coverage for the number of months represented by the base and any contingent severance pay you receive under this agreement or until you secure other group medical coverage elsewhere, whichever comes first. You may elect to continue your coverage beyond that date at your expense as provided under COBRA. The enrollment forms have been sent separately..All such coverage will be subject to the terms and conditions of the medical plan documents. Life insurance is not a covered benefit under the COBRA laws.
Health Coverage Continuation. Following the Retirement Date, you and your covered family members may each elect to continue health coverage as provided by the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”). Additional information concerning your COBRA rights will be mailed to you under separate cover. In addition, you and your covered spouse are eligible to obtain retiree health coverage under the M&T Bank Corporation Retiree Welfare Benefits Plan provided you enroll in such retiree health coverage within 30 days of your Retirement Date or if applicable, within 30 days after your COBRA health continuation coverage ends. You will receive additional information regarding retiree health coverage prior to your Retirement Date.
