Medical Insurance Benefits. Company, pursuant to federal and state law, will provide, for a period of eighteen (18) months following the effective date of Employee’s termination (“COBRA Period”), a continuation of the group medical insurance coverage previously provided to Employee and his spouse by Company. Through February 28, 2002, Company will pay the premium for the group medical insurance that it paid during Employee’s employment. After such date, Employee will be required to pay for such benefits for the remainder of the COBRA Period, should Employee elect to continue COBRA coverage.
Appears in 2 contracts
Samples: Severance Agreement, Severance Agreement (Vital Images Inc)
Medical Insurance Benefits. The Company, pursuant to federal and state law, will provide, for a period of eighteen (18) months following the effective date of the Employee’s 's termination (“the "COBRA Period”"), a continuation of the group medical insurance coverage previously provided to Employee and his spouse by the Company. Through February 28April 14, 20022000, the Company will pay that portion of the premium for the group medical insurance that it paid during the Employee’s 's employment. After such dateApril 14, 2000, the Employee will be required to pay for such benefits for the remainder of the COBRA Period, should the Employee elect to continue COBRA coverage.
Appears in 1 contract
Samples: Severance Agreement (Netradio Corp)
Medical Insurance Benefits. The Company, pursuant to federal and state law, will provide, for a period of eighteen (18) months following the effective date of Employee’s termination (“COBRA Period”), a continuation of the group medical insurance coverage previously provided to Employee and his spouse by the Company. Through February 28, 2002, Company will pay the premium for the group medical insurance that it paid during entirely at Employee’s employment. After such date, Employee will be required to pay for such benefits for the remainder of the COBRA Period, should Employee elect to continue COBRA coverageexpense.
Appears in 1 contract
Samples: Severance Agreement (Mathstar Inc)
Medical Insurance Benefits. The Company, pursuant to federal and state law, will provide, for a period of eighteen (18) months following the effective date of Employee’s termination (“COBRA Period”), a continuation of the group medical insurance coverage previously provided to Employee and his spouse by Company. Through February 28, 2002, the Company will pay the premium for the group or comparable medical insurance that it paid during Employee’s employment. After such datecoverage, Employee will be required to pay for such benefits for the remainder terms and conditions of which shall comply with the COBRA PeriodAmerican Recovery and Reinstatement Act of 2009, should Employee elect to continue COBRA coverageif applicable.
Appears in 1 contract
Samples: Agreement (Mathstar Inc)