Common use of Insurance Benefits, etc Clause in Contracts

Insurance Benefits, etc. The Company shall pay the cost for dependents of the Employee for insurance coverage that they are entitled to obtain from the Company following the Employee's death pursuant to COBRA but not less than 18 months.

Appears in 7 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Release Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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Insurance Benefits, etc. The Company shall pay the cost for dependents of the Employee for insurance coverage that they are entitled to obtain from the Company following the Employee's death pursuant to COBRA but for a period equal to two months multiplied by the number of full years (not less than 18 monthsto exceed nine) during which the Employee was employed by the Company.

Appears in 2 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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