Common use of Health Insurance Coverages Clause in Contracts

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. 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 's termination of employment, and (B) Executive elects to continue his, his spouse’s 's and/or his dependent children’s '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 '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. To the extent (A) Executive and his her 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 1224-month period immediately following the date of Executive’s termination of employment, and (B) Executive elects to continue hisher, his her spouse’s and/or his her 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 her 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).