Payment of COBRA Premiums. In the event that the Company terminates Executive’s employment for any reason other than Good Cause or Executive terminates his employment for Good Reason, then, provided that Executive timely elects to receive continued coverage under the Company’s group medical and dental insurance plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”), for the period commencing on the date of Executive’s termination and continuing until the earlier of the end of the six-month period following his termination date or the first of the month immediately following the Company’s receipt of notice from Executive terminating such coverage, Executive (and any qualified dependents) will be entitled to coverage under such plans (as may be amended during the period of coverage) in which Executive was participating immediately prior to the date of his termination of employment (the “COBRA Coverage”). The cost of the premiums for such coverage will be borne by the Company, except that Executive will reimburse the Company for premiums becoming due each month with respect to such coverage in an amount equal to the difference between the amount of such premiums and the portion thereof currently being paid by Executive. Executive’s portion of such premiums will be payable by the first of each month commencing the first month following the month in which his termination of employment occurs. The period during which Executive is being provided with health insurance under this Agreement at the Company’s expense will be credited against Executive’s period of COBRA coverage, if any. Further, if at any time during the period Executive is entitled to premium payments under this Section 11(e), Executive becomes entitled to receive health insurance from a subsequent employer, the Company’s obligation to continue premium payments to Executive shall terminate immediately.
Payment of COBRA Premiums. If Xx. Xxxxxx elects and is otherwise eligible to continue his existing health-insurance coverage pursuant to COBRA, the Corporation will pay his monthly COBRA premiums for the eighteen-month period commencing the first full month after the Date of Resignation and until and unless Xx. Xxxxxx becomes covered under the health-insurance plan of another employer or through self-employment. Xx. Xxxxxx will promptly notify the PG&E Corporation’s Human Resources Officer if he becomes employed within that period.
Payment of COBRA Premiums. During the Executive’s Severance Period, the Company shall reimburse the Executive for the premiums required to be paid under the Company’s group health plans to provide the Executive and all dependents of the Executive with the continuation coverage available under Code §4980B and ERISA §§601-608. Such reimbursements shall be provided to the Executive promptly following the date of submission of such expenses to the Company. Notwithstanding the foregoing, no provisions of this subsection (b) shall be interpreted, or are intended to, change the terms and provisions of any group health plan of the Company. Reimbursements under this subsection (b) shall only be made to the extent that the Executive and/or his eligible dependents have obtained continuation coverage under the terms and provisions of the group health plans of the Company, and the ability of the Executive and/or his eligible dependents to obtain such coverage shall be governed exclusively by the terms and provisions of the group health plans themselves.
Payment of COBRA Premiums. If you are eligible for and elect to continue health and dental continuation coverage in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company will pay your COBRA premium (equal to the amount it paid during your employment) until the earlier of (x) 12 months from the date of the Qualified Termination, or (y) the date on which you become ineligible to receive COBRA coverage. During the period in which the Company is providing this benefit, you will be responsible for paying the portion of the premiums required for active employees, which will be automatically deducted from the severance payments referenced in Section 3(b)(i). Thereafter, you will be responsible for all COBRA payments.
Payment of COBRA Premiums. For so long as the Corporation shall be obligated to continue salary payments after the Termination Date as described in Sections 2.7(a), 2.7(d) or 2.7(f) (the “Severance Period”), the Corporation agrees to pay Employee the COBRA premium applicable to Employee for comparable coverage under the Corporation’s group medical plan, payable in arrears at the end of each calendar month during such period; provided, however, that if at any time during the Severance Period Employee becomes entitled to receive health insurance from a subsequent employer, the Corporation’s obligation to continue salary payments to Employee shall terminate immediately. Notwithstanding anything to the contrary herein and subject to the terms of any benefit plan or program of the Corporation, no termination of Employee’s employment with the Corporation shall in any manner whatsoever result in any termination, curtailment, reduction or cessation of any vested benefits or other entitlements to which Employee is entitled under the terms of any such benefit plan or program of the Corporation in respect of which Employee is a participant as of the Termination Date.
Payment of COBRA Premiums. The Company shall incur the cost for COBRA coverage starting on May 1, 2023 and continuing for nine (9) months, or until you have secured other employment, whichever occurs first, provided you timely elect and remain eligible for COBRA coverage. You agree to promptly notify the Company’s COBRA Administrator if you have secured other alternative benefits coverage. To the extent you elect to maintain COBRA coverage beyond such nine (9)-month period, then you will be required to coordinate direct payments to cover any associated costs with the third-party administrator and adhere to their guidelines for making timely payments.
Payment of COBRA Premiums. To the extent provided by the federal COBRA law or, if applicable, state insurance laws (collectively, “COBRA”), and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits after the Separation Date if you so elect. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. You will be provided with a separate notice of your COBRA rights and obligations within the timing required by law. Provided that you properly enroll, the Company will pay your COBRA premiums for the first six (6) months that you are eligible, or until you become eligible for coverage under another employer’s health plan, if sooner (the “COBRA Premium Period”). You will be solely responsible for payment of your COBRA premiums, to the extent that you wish to continue your COBRA coverage, after that time.
Payment of COBRA Premiums. If Mx. Xxxxxx elects and is otherwise eligible to continue Mx. Xxxxxx’x existing health-insurance coverage pursuant to COBRA, the Company will pay Mx. Xxxxxx’x monthly COBRA premiums for the 18-month period commencing the first full month after the Effective Date and until and unless Mx. Xxxxxx becomes covered under the health-insurance plan of another employer. Mx. Xxxxxx will promptly notify the Company’s Senior Human Resources Officer if Mx. Xxxxxx becomes employed in any capacity within that period.
Payment of COBRA Premiums. If Executive is eligible to elect and elects to continue coverage for himself and his spouse and eligible dependents under the Employer’s group medical, hospitalization, and dental plans pursuant COBRA, or similar state law, the Employer shall reimburse Executive on a monthly basis for the difference between the amount Executive pays to effect and continue such coverage under COBRA and the employee contribution amount that active employees of the Employer pay for the same or similar coverage (the “COBRA Reimbursements”); provided, however, that (A) Executive shall notify the Company in writing within five days after he becomes eligible after the Date of Termination for group medical, hospitalization, or dental plan insurance coverage, if any, through subsequent employment or otherwise and Employer shall have no further obligation to provide the COBRA Reimbursements after Executive becomes eligible for group medical, hospitalization, or dental insurance plan coverage due to subsequent employment or otherwise; and (B) if Executive (or his spouse) is eligible for Medicare or a similar type of governmental medical benefit, such benefit shall be the primary provider before Employer medical benefits are provided. Executive shall send monthly invoices to the Employer reflecting COBRA premiums paid by the last day of the month following the month in which the applicable premiums were paid by Executive and any COBRA Reimbursements due shall be made within fifteen (15) days of receipt of such invoices. For the avoidance of doubt, COBRA Reimbursements shall be taxable and subject to withholding. Executive agrees that the Separation Benefits are in excess of any amounts otherwise owed to Executive, and that Executive would not otherwise be entitled to such Separation Benefits if he did not execute this Agreement, or if he revoked it pursuant to Section 19 below.
Payment of COBRA Premiums. Provided you timely and properly have elected COBRA coverage in accordance with the Company’s COBRA election procedures, the Company shall continue to pay its share of your group medical and dental insurance premiums during the Severance Period or until such earlier time as you (i) obtain alternate medical and dental insurance or (ii) become ineligible for COBRA benefits. You remain responsible for your share of such premiums during the Severance Period, which shall be deducted from the severance payments described in Section 2(a). Thereafter, medical and dental insurance coverage shall be continued only to the extent required by COBRA and only to the extent you timely pay the premium payments yourself. You agree to immediately notify the Company upon starting employment with any individual or entity. Please note that this subsection (b) is to be modified, as required, and by mutual agreement of the parties, to comply with the non-discrimination rules and other provisions and requirements of the Patient Protection and Affordable Care Act.
