Healthcare Coverage. Assuming Employee exercises her right to continued medical benefits in accordance with COBRA, the Company will pay 10% of the premiums for Executive's COBRA coverage as they become due, until the earlier of: (i) the date Executive accepts full time employment and/or becomes covered under another plan; (ii) the date she is otherwise no longer eligible for COBRA coverage; or (iii) six (6) months after the effective date of separation. This Section 5.3(c) shall not apply if Executive's employment is terminated due to death.
Appears in 1 contract
Samples: Employment Agreement Rhonda Penner Dunlop (Coffee Pacifica Inc)
Healthcare Coverage. Assuming Employee exercises To the extent that Executive is eligible to continue her right to continued medical benefits in accordance with coverage under COBRA, the Company will pay 10% of the premiums for Executive's ’s COBRA coverage as they become duedue (including the premiums for any dependent coverage she elects), until the earlier of: (i) the date Executive accepts full time employment and/or becomes covered under another plan; (ii) the date she is otherwise no longer eligible for COBRA coverage; or (iii) six (6) 18 months after the effective date of separation. This Section 5.3(c) If coverage under COBRA is not available to the Company, then Company shall not apply if pay Executive an amount equivalent to the premiums it would have paid for Executive's employment is terminated due to death’s COBRA coverage.
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (La Jolla Pharmaceutical Co)
Healthcare Coverage. Assuming Employee exercises To the extent that Executive is eligible to continue her right to continued medical benefits in accordance with coverage under COBRA, the Company will pay 10% of the premiums for Executive's ’s COBRA coverage as they become duedue (including the premiums for any dependent coverage she elects), until the earlier of: (i) the date Executive accepts full time employment and/or becomes covered under another plan; (ii) the date she is otherwise no longer eligible for COBRA coverage; or (iii) six (6) 12 months after the effective date of separation. This Section 5.3(c) shall not apply if Executive's employment is terminated due to death.
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (La Jolla Pharmaceutical Co)
Healthcare Coverage. Assuming Employee exercises To the extent that Executive is eligible to continue her right to continued medical benefits in accordance with coverage under COBRA, the Company will pay 10% of the premiums for Executive's ’s COBRA coverage as they become duedue (including the premiums for any dependent coverage she elects), until the earlier of: (i) the date Executive accepts full time employment and/or becomes covered under another plan; (ii) the date she is otherwise no longer eligible for COBRA coverage; or (iii) six (6) 12 months after the effective date of separation. This Section 5.3(c) If coverage under COBRA is not available to the Company, then Company shall not apply if pay Executive an amount equivalent to the premiums it would have paid for Executive's employment is terminated due to death’s COBRA coverage.
Appears in 1 contract
Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)