Common use of Medical, Vision and Dental Benefits Clause in Contracts

Medical, Vision and Dental Benefits. Medical, vision and dental insurance coverage may be continued during the Severance Period, up to a maximum of 18 months, if Officer makes a COBRA election. The cost to Officer for this coverage during the Severance Period will be the same as he was paying immediately prior to termination, subject to increases affecting plan participants generally. AutoZone will pay the difference between Officer’s cost and the amount of the COBRA premiums during the Severance Period. After the Severance Period ends, COBRA premium payments, if any, will be the sole responsibility of Officer.

Appears in 2 contracts

Samples: Form of Agreement (Autozone Inc), Form of Agreement (Autozone Inc)

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Medical, Vision and Dental Benefits. Medical, vision and dental insurance coverage may be continued during the Severance Period, up to a maximum of 18 months, if Officer Executive makes a COBRA election. The cost to Officer Executive for this coverage during the lesser of the Severance Period or 18 months will be the same as he was paying immediately prior to termination, subject to increases affecting plan participants generally. AutoZone will pay the difference between OfficerExecutive’s cost and the amount of the COBRA premiums during the Severance Period. After lesser of the Severance Period endsor 18 months; thereafter, COBRA premium payments, if any, will be the sole responsibility of OfficerExecutive.

Appears in 1 contract

Samples: Form of Agreement (Autozone Inc)

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Medical, Vision and Dental Benefits. Medical, vision and dental insurance coverage may be continued during the Severance Period, up to a maximum of 18 months, if Officer Executive makes a COBRA election. The cost to Officer Executive for this coverage during the lesser of the Severance Period or 18 months will be the same as he Executive was paying immediately prior to termination, subject to increases affecting plan participants generally. AutoZone will pay the difference between OfficerExecutive’s cost and the amount of the COBRA premiums during the Severance Period. After lesser of the Severance Period endsor 18 months; thereafter, COBRA premium payments, if any, will be the sole responsibility of OfficerExecutive.

Appears in 1 contract

Samples: Inventions Agreement (Autozone Inc)

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