Common use of Health & Welfare Benefits Coverage Clause in Contracts

Health & Welfare Benefits Coverage. (a) Following the occurrence of a Termination Event described in Section 2.1, to the extent permitted by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and codified in Section 4980B of the Code and the regulations thereunder (“COBRA”) and by the Company’s group health insurance policies, Executive and/or Executive’s covered dependents will be eligible to continue their health insurance benefits at their own expense. However, if Executive and/or Executive’s covered dependents timely elect COBRA continuation for Executive and/or Executive’s covered dependents, the Company shall reimburse Executive and/or Executive’s covered dependents’ COBRA continuation premiums for group health coverage for 12 months, provided that the Company’s obligation to make such reimbursements shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled by law to receive COBRA continuation coverage. Executive agrees to notify a duly authorized officer of the Company in writing immediately upon Executive’s and/or a covered dependent’s beginning to receive health benefits from another source, or as otherwise required by COBRA. This Section 2.7(a) provides only for the Company’s reimbursement of COBRA continuation premiums for the periods specified above, and does not affect the rights of Executive and/or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage. Such reimbursements shall be made as soon as administratively feasible following the Company’s receipt of appropriate documentation.

Health & Welfare Benefits Coverage. (a) Following the occurrence of a Termination Event described in Section 2.1this Article III, to the extent permitted by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and codified in Section 4980B of the Code and the regulations thereunder (“COBRA”) COBRA and by the Company’s group health insurance policies, Executive and/or Executive’s covered dependents will be eligible to continue their health insurance benefits at their own expense. However, if Executive and/or Executive’s covered dependents timely elect elects COBRA continuation for Executive and/or Executive’s covered dependents, the Company shall reimburse Executive Executive’s and/or Executive’s covered dependents’ COBRA continuation premiums for group health coverage for 12 24 months, provided that the Company’s obligation to make such reimbursements shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled by law to receive COBRA continuation coverage. Executive agrees to notify a duly authorized officer of the Company Company, in writing writing, immediately upon Executive’s and/or a covered dependent’s beginning to receive health benefits from another source, or as otherwise required by COBRA. This Section 2.7(a3.6(a) provides only for the Company’s reimbursement of COBRA continuation premiums for the periods specified above, and . This Section 3.6(a) does not affect the rights of Executive and/or or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage. Such reimbursements reimbursement shall be made as soon as administratively feasible following the Company’s receipt of appropriate documentation.

Health & Welfare Benefits Coverage. (a) Following the occurrence of a Termination Event described in Section 2.1, to the extent permitted by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and codified in Section 4980B of the Code and the regulations thereunder 1985 (“COBRA”) and by the Company’s group health insurance policies, Executive and/or Executive’s and his/her covered dependents will be eligible to continue their health insurance benefits at their own expense. However, if If Executive and/or Executive’s covered dependents timely elect elects COBRA continuation for Executive and/or Executive’s covered dependentscontinuation, the Company shall reimburse Executive and/or pay Executive’s and his/her covered dependents’ COBRA continuation premiums for group health coverage for 12 monthsmonths following the date of such Termination Event, provided that the Company’s obligation to make such reimbursements payments shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled by law to receive COBRA continuation coverage. Executive agrees to notify a duly authorized officer of the Company Company, in writing writing, immediately upon Executive’s and/or or a covered dependent’s beginning to receive health benefits from another source, or as otherwise required by COBRA. This Section 2.7(a) provides only for the Company’s reimbursement payment of COBRA continuation premiums for the periods specified above, and does not affect the rights of Executive and/or or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage. Such reimbursements shall be made as soon as administratively feasible following . (b) Following the occurrence of a Termination Event described in Section 2.1, to the extent permitted by the Company’s receipt health and welfare plans (other than the medical plan described in Section 2.7(a)), Executive and his/her covered dependents will be eligible to continue their benefits, and the Company shall pay Executive’s and his/her covered dependents’ continuation premiums under such plans for 12 months following the date of appropriate documentationsuch Termination Event, provided that the Company’s obligation to make such payments shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled to receive continuation coverage in accordance with the plans.

Health & Welfare Benefits Coverage. (a) Following the occurrence of a Termination Event described in Section 2.1this Article III, to the extent permitted by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and codified in Section 4980B of the Code and the regulations thereunder (“COBRA”) COBRA and by the Company’s group health insurance policies, Executive and/or Executive’s and his/her covered dependents will be eligible to continue their health insurance benefits at their own expense. However, if If Executive and/or Executive’s covered dependents timely elect elects COBRA continuation for Executive and/or Executive’s covered dependentscontinuation, the Company shall reimburse Executive and/or pay Executive’s and his/her covered dependents’ COBRA continuation premiums for group health coverage for 12 months24 months following the date of such Termination Event, provided that the Company’s obligation to make such reimbursements payments shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled by law to receive COBRA continuation coverage. Executive agrees to notify a duly authorized officer of the Company Company, in writing writing, immediately upon Executive’s and/or or a covered dependent’s beginning to receive health benefits from another source, or as otherwise required by COBRA. This Section 2.7(a3.6(a) provides only for the Company’s reimbursement payment of COBRA continuation premiums for the periods specified above, and . This Section 3.6(a) does not affect the rights of Executive and/or or Executive’s covered dependents under any applicable law with respect to health insurance continuation coverage. Such reimbursements shall be made as soon as administratively feasible following . (b) Following the occurrence of a Termination Event described in this Article III, to the extent permitted by the Company’s receipt health and welfare plans (other than the medical plan described in Section 3.6(a)), Executive and his/her covered dependents will be eligible to continue their benefits, and the Company shall pay Executive’s and his/her covered dependents’ continuation premiums under such plans for 24 months following the date of appropriate documentationsuch Termination Event, provided that the Company’s obligation to make such payments shall cease immediately to the extent that Executive and/or Executive’s covered dependents are no longer entitled to receive continuation coverage in accordance with the plans.