Healthcare Coverage. To the extent that Executive is eligible to continue her medical coverage under COBRA, the Company will pay the premiums for Executive’s COBRA coverage as they become due (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) 12 months after the effective date of separation. If coverage under COBRA is not available to the Company, then Company shall pay Executive an amount equivalent to the premiums it would have paid for Executive’s COBRA coverage.
Appears in 1 contract
Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)
Healthcare Coverage. To the extent that Executive is eligible to continue her medical coverage under COBRA, the Company will pay the premiums for Executive’s COBRA coverage as they become due (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) 12 months after the effective date of separation. If coverage under COBRA is not available to the Company, then Company shall pay Executive an amount equivalent to the premiums it would have paid for Executive’s COBRA coverage.
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (La Jolla Pharmaceutical Co)
Healthcare Coverage. To the extent that Executive is eligible to continue her medical coverage under COBRA, the Company will pay the premiums for Executive’s COBRA coverage as they become due (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) 12 18 months after the effective date of separation. If coverage under COBRA is not available to the Company, then Company shall pay Executive an amount equivalent to the premiums it would have paid for Executive’s COBRA coverage.
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (La Jolla Pharmaceutical Co)
Healthcare Coverage. To the extent that Executive is eligible Assuming Employee exercises her right to continue her continued medical coverage under benefits in accordance with COBRA, the Company will pay 10% of the premiums for Executive’s 's COBRA coverage as they become due (including the premiums for any dependent coverage she elects)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) 12 six (6) months after the effective date of separation. If coverage under COBRA This Section 5.3(c) shall not apply if Executive's employment is not available terminated due to the Company, then Company shall pay Executive an amount equivalent to the premiums it would have paid for Executive’s COBRA coveragedeath.
Appears in 1 contract
Samples: Employment Agreement Rhonda Penner Dunlop (Coffee Pacifica Inc)