Waiver Of Insurance Premium. Company hereby waives, conditioned and effective upon the occurrence of a Covered Termination, any applicable premium otherwise due for any group health continuation coverage elected by the Employee or his or her spouse or dependents under COBRA (29 U.S.C.ss.ss.1161-1169) for coverage through the first anniversary of the date of the Covered Termination.
Appears in 4 contracts
Samples: Retention Agreement (Neose Technologies Inc), Retention Agreement (Neose Technologies Inc), Retention Agreement (Neose Technologies Inc)
