Reimbursement of COBRA Premiums. If, at the time the Executive’s employment with the Company terminates under Section 7(a), (d) or (f) or at the time the Term expires due to the election of the Company pursuant to Section 3 not to extend the Term beyond its then scheduled expiration date, the Executive is an active participant in the Company’s group medical plan and/or the Company’s group dental plan (collectively, the “Group Health Plan”) and the Executive timely elects under COBRA to continue the Executive’s and any qualifying dependent’s Group Health Plan coverage (“COBRA Coverage”) the Company will reimburse the Executive for the full amount of the premiums the Executive pays for COBRA Coverage under the Group Health Plan for up to the first 18 months the Executive maintains such COBRA Coverage, subject, with respect to each month, to the Executive’s submission of reasonable documentation that he has paid such premium if reasonably requested by the Company. Any reimbursements by the Company to the Executive required under this Section 7(k) shall be made on the last day of each month the Executive pays the amount required for such COBRA Coverage, for up to the first 18 months of COBRA Coverage. If the Executive is a Specified Employee and the benefits specified in this Section 7(k) are taxable to the Executive and not otherwise exempt from Section 409A then any amounts to which the Executive would otherwise be entitled under this Section 7(k) during the first six months following the date of the Executive’s Separation From Service shall be accumulated and paid to the Executive on the date that is six months following the date of the Executive’s Separation From Service. Except for any reimbursements under the applicable Group Health Plan that are subject to a limitation on reimbursements during a specified period, the amount of expenses eligible for reimbursement under this Section 7(k), or in-kind benefits provided, during the Executive’s taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year of the Executive. The Executive’s right to reimbursement or in-kind benefits pursuant to this Section 7(k) shall not be subject to liquidation or exchange for another benefit. Subject to the Executive’s Group Health Plan continuation rights under COBRA, the benefits listed in this Section 7(k) shall be reduced to the extent benefits of the same type are received by the Executive, the Executive’s spouse or any eligible de...
Reimbursement of COBRA Premiums. If Executive elects to continue participation in any group medical plan benefits to which Executive and/or Executive’s eligible dependents would be entitled under COBRA, then for a period of eighteen (18) months (the “Health Benefits Continuation Period”), the Company shall pay to Executive a monthly amount equal to Dollars and Cents ($ ); provided, however, that (i) that if Executive becomes eligible to receive group health benefits under a program of a subsequent employer or otherwise, the Company’s obligation to pay the cost of health coverage as described herein shall cease; (ii) the Health Benefits Continuation Period shall run concurrently with any period for which Executive is eligible to elect health coverage under COBRA; and (iii) the reimbursement of the monthly premium for such group health benefits, determined in accordance with Code Section 4980B and the regulations thereunder, shall be treated as taxable compensation by including such amount in Executive’s income in accordance with applicable rules and regulations. Executive agrees that, in the event that during the Health Benefits Continuation Period he becomes eligible to receive group health benefits under a program of a subsequent employer or otherwise, he will notify the Company of such status change in writing within seven (7) days of such status change.
Reimbursement of COBRA Premiums. If Executive timely elects continued coverage under COBRA for himself/herself and any covered dependents under the Company’s group health plans, then the Company will reimburse Executive an amount sufficient for Executive to purchase (on an after-tax basis) such COBRA coverage until the earliest to occur of (i) the close of the eighteenth month following the termination of employment; (b) the expiration of his/her eligibility for the continuation coverage under COBRA; and (c) the date Executive becomes eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment. Upon the Release becoming effective on or before the 60th day following termination of employment, the Company will pay or otherwise provide the severance benefits described above as follows: (x) the cash lump sum will be paid on the first payroll date that next follows the 60th day after Executive’s termination; (y) the equity acceleration shall be made effective on the 60th day after Executive’s termination, and (z) the COBRA reimbursements shall be made on the first payroll date that next follows the 60th day after the close of each month for which the COBRA premiums were paid by the Executive.
Reimbursement of COBRA Premiums. As additional consideration for the promises and obligations contained herein, provided Employee elected coverage under the Company’s group health insurance program prior to the Separation Date and makes a timely election for continued coverage pursuant to COBRA, the Company further agrees to reimburse Employee for the full amount of monthly premiums for such continued coverage under the Company’s group health insurance program pursuant to COBRA for a period of six (6) months from the Separation Date through November 30, 2010. Thereafter, if applicable, continuation coverage pursuant to COBRA will be available to Employee at Employee’s sole expense, and Employee will be responsible for the full COBRA premium for any remaining months of the COBRA coverage period made available pursuant to applicable law.
Reimbursement of COBRA Premiums. The Company will reimburse Your COBRA premium under the Company’s major medical group health plan and dental plan on a monthly basis for a period of eighteen (18) months;
Reimbursement of COBRA Premiums. If, after the Termination Date, Executive elects to continue participation in any group medical plan benefits to which Executive and/or Executive’s eligible dependents would be entitled under Section 4980B of the Internal Revenue Code (COBRA), then for a period not to exceed twelve (12) months (the “Health Benefits Continuation Period”), the Company shall pay to the insurer of the Company’s medical plan (or to the Executive if the insurer will not accept partial payment from the Company) a monthly amount equal to the Company paid portion of health benefit premiums as if Executive was actively employed; provided, however, that (i) that if Executive becomes eligible to receive group health benefits under a program of a subsequent employer or otherwise (including coverage available to Executive’s spouse), or if Executive otherwise ceases to be eligible for COBRA continuation coverage, the Company’s obligation to pay the cost of health coverage as described herein shall cease; and (ii) the Health Benefits Continuation Period shall run concurrently with any period for which Executive is eligible to elect health coverage under COBRA.
Reimbursement of COBRA Premiums. Provided that you are eligible and timely elect to continue your Company-sponsored healthcare insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of 1983, as amended (“COBRA”), the Company will reimburse you for COBRA premiums paid by you for coverage for yourself and your eligible dependents through the earlier of (i) the date that is six months from the Separation Date, or (ii) November 30, 2013.
Reimbursement of COBRA Premiums. You and your dependents shall be entitled to receive continuation coverage under Section 4980B(f) of the Internal Revenue Code of 1986, as amended (relating to "COBRA"). During the Consulting Period, the Company shall reimburse you on an after tax basis for the cost of the COBRA premiums you incur with respect to you and your dependents. Thereafter, you shall be solely responsible for the full cost of your COBRA premiums.
Reimbursement of COBRA Premiums. Should Executive be eligible for and timely elect to continue receiving group health insurance coverage under the law known as COBRA, the Company shall, commencing on the Separation Date, and continuing until the earlier of (x) the date that is nine (9) months following the Separation Date, and (y) the end of the calendar month in which Executive commences other full time employment (or becomes eligible through any other employment to receive group healthcare benefits substantially comparable to those provided by the Company) (the “COBRA Contribution Period”), reimburse Executive for the premiums for such coverage. All premium costs after the COBRA Contribution Period, shall be paid by Executive on a monthly basis during the elected period of health insurance coverage under COBRA for as long as, and to the extent that, he remains eligible for and elects to remain enrolled in COBRA continuation coverage. Executive agrees that, should he commence full time employment with another employer (or become eligible through any other employment to receive group healthcare benefits substantially comparable to those provided by the Company) prior to the date that is nine (9) months following the Separation Date, he will so inform the Company in writing within five (5) business days of becoming eligible for such coverage. Other than the Severance Benefits and the Accrued Benefits, Executive will not be eligible for, nor shall he have a right to receive, any payments or benefits from the Company following the Separation Date.
Reimbursement of COBRA Premiums. Provided Executive makes an accurate and timely election for continuation of medical insurance coverage under the terms of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), the Company agrees to reimburse Executive for the applicable premiums for continuation coverage for himself and his currently enrolled dependents (as applicable) for the first six (6) months of continuation coverage.
