Health Insurance Coverages. The health insurance benefit coverages, whether self insured or commercially insured by the Company (including any executive medical plans), provided to Executive at Executive’s date of termination shall be continued for and during the Continuation Period by the Company at the same level and in the same manner as if Executive’s employment had not terminated (subject to the customary changes in such coverages upon Executive’s retirement, reaching age 65 or similar events). Any additional health benefit coverages Executive had at termination, including spousal and/or dependent coverage, will also be continued for and during the Continuation Period on the same terms, to the extent permitted by the applicable policies or contracts. The expense of all such health insurance benefit coverages shall be paid by the Company and/or Executive in the same respective amounts as each would pay if Executive’s employment had not terminated. Executive shall pay his portion of such expenses by separate check payable to the Company each month in advance (or in such other manner, such as withholding a portion of monthly payments otherwise payable to Executive hereunder, as the Company may agree). If the terms of any benefit plan referred to in this subsection do not permit continued participation by Executive, then the Company will arrange for other coverage at its expense providing substantially similar benefits. Unless Executive has satisfied the eligibility requirements for retiree health coverage under the Company’s retiree medical plan (if any) as of the date of his termination of employment (and enrolled within 30 days after such termination date), the coverages provided for in this subsection shall be applied against and reduce the period for which COBRA benefits will be provided.
Health Insurance Coverages. To the extent (A) Executive and his spouse and dependent children are and remain eligible for continued Company group health plan coverage under the continuation provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) but in no event for longer than the 12-month period immediately following the date of Executive’s termination of employment, and (B) Executive elects to continue his, his spouse’s and/or his dependent children’s Company group health insurance benefit coverages under COBRA, then Executive shall pay for such continuation coverage the same amount as is charged to similarly-situated active employees of the Company. The Company shall pay on behalf of Executive the remainder of the cost of such continuation coverage and shall report such amount as taxable income on Executive’s Form W-2. Executive shall pay his portion of such cost by separate check payable to the Company each month in advance (or in such other manner, such as withholding a portion of monthly payments otherwise payable to Executive hereunder, as the Company may agree).
Health Insurance Coverages. The health insurance benefit coverages, whether self insured or commercially insured by the Company, provided to Executive at Executive’s date of termination shall be continued for and during the Continuation Period by the Company at the same level and in the same manner as if Executive’s employment had not terminated (subject to the customary changes in such coverages upon Executive’s retirement, reaching age 65 or similar events). Any additional health benefit coverages Executive had at termination, including spousal and/or dependent coverage, will also be continued for and during the Continuation Period on the same terms, to the extent permitted by the applicable policies or contracts. The expense of all such health insurance benefit coverages shall be paid by the Company and/or Executive in the same respective amounts as each would pay if Executive’s employment had not terminated. Executive shall pay his portion of such expenses by separate check payable to the Company each month in advance (or in such other manner, such as withholding a portion of monthly payments otherwise payable to Executive hereunder, as the Company may agree). If the terms of any benefit plan referred to in this subsection do not permit continued participation by Executive, then the Company will arrange for other coverage at its expense providing substantially similar benefits. The coverages provided for in this subsection shall be applied against and reduce the period for which COBRA benefits will be provided.
Health Insurance Coverages. The health insurance benefit coverages, whether self insured or commercially insured by the Company, provided to Employee at Employee’s date of termination shall be continued for and during the Continuation Period by the Company at the same level and in the same manner as if Employee’s employment had not terminated (subject to the customary changes in such coverages upon Employee’s retirement, reaching age 65 or similar events). Any additional health benefit coverages Employee had at termination, including spousal and/or dependent coverage, will also be continued for and during the Continuation Period on the same terms, to the extent permitted by the applicable policies or contracts. The expense of all such health insurance benefit coverages shall be paid by the Company and/or Employee in the same respective amounts as each would pay if Employee’s employment had not terminated. Employee shall pay his portion of such expenses by separate check payable to the Company each month in advance (or in such other manner, such as withholding a portion of monthly payments otherwise payable to Employee hereunder, as the Company may agree). If the terms of any benefit plan referred to in this subsection do not permit continued participation by Employee, then the Company will arrange for other coverage at its expense providing substantially similar benefits. Unless Employee has satisfied the eligibility requirements for retiree health coverage under the Company’s retiree medical plan (if any) as of the date of his termination of employment (and enrolled within 30 days after such termination date), the coverages provided for in this subsection shall be applied against and reduce the period for which COBRA benefits will be provided.
Health Insurance Coverages. The health insurance benefit coverages, whether self insured or commercially insured by the Company, provided to Executive at Executive's date of termination (if any) shall be continued for and during the Continuation Period by the Company at the same level and in the same manner as if Executive's employment had not terminated (subject to the customary changes in such coverages upon Executive's retirement, reaching age 65 or similar events). Any additional health benefit coverages Executive had at termination, including spousal and/or dependent coverage, will also be continued for and during the Continuation Period on the same terms, to the extent permitted by the applicable policies or contracts. The expense of all such health insurance benefit coverages shall be paid by the Company and/or Executive in the same respective amounts as each would pay if Executive's employment had not terminated. Executive shall pay his portion of such expenses by separate check payable to the Company each month in advance (or in such other manner, such as withholding a portion of monthly payments otherwise payable to Executive hereunder, as the Company may agree). If the terms of any benefit plan referred to in this subsection do not permit continued participation by Executive, then the Company will arrange for other coverage at its expense providing substantially similar benefits.
