Other Post-Employment Benefits. a. Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period. Employee's share of the premiums will be deducted from Employee's severance payments. Basic Group medical coverage provided during such period shall be applied against ARAMARK's obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under plan provisions.
Appears in 2 contracts
Samples: Corporation Agreement (Aramark Corp), Corporation Agreement (Aramark Corp)
Other Post-Employment Benefits. a. Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period. Employee's Employee*s share of the premiums will be deducted from Employee's Employee*s severance payments. Basic Group medical coverage provided during such period shall be applied against ARAMARK's ARAMARK*s obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under plan provisions.
Appears in 1 contract
Samples: Aramark Corp
Other Post-Employment Benefits. a. Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period. Employee's share of the premiums will be deducted from Employee's severance payments. , Basic Group medical coverage provided during such period shall be applied against ARAMARK's obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under plan provisions.
Appears in 1 contract
Samples: Corporation Agreement (Aramark Corp)