Common use of Prescription Drug Benefit Clause in Contracts

Prescription Drug Benefit. In the event that upon the termination of this Agreement or thereafter during the COBRA Period NMHC has opted out of providing prescription drug benefit coverage as part of its health insurance benefits provided to employees, NMHC shall cause its health insurance provider to provide such benefits under the COBRA benefits provided to Executive and, if such Executive shall be entitled to Severance Compensation or Change in Control Compensation, the cost thereof shall be paid for by NMHC for the duration of the COBRA Period.