COBRA Beneficiaries definition

COBRA Beneficiaries has the meaning set forth in Section 5.6(f).
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COBRA Beneficiaries means any employee or former employee of any Seller or Subsidiary thereof, or their qualified beneficiaries under COBRA.
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COBRA Beneficiaries has the meaning set forth in Section 7.12(b) hereof.
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Examples of COBRA Beneficiaries in a sentence

  • Eligible COBRA Beneficiaries: You and/or your Dependents that lose coverage under the Plan due to a “qualifying event” will be considered an eligible COBRA Beneficiary unless you, the Employee, were terminated due to gross misconduct.

  • If the SSA determines that a COBRA Beneficiary was disabled on the date of the qualifying event or within the first 60 days of COBRA coverage, the disabled COBRA Beneficiary, plus all other COBRA Beneficiaries who are receiving COBRA coverage in connection with the same qualifying event may continue coverage for up to 29 months.

  • Client shall pay to RESOURCING EDGE $1,000 per month per CLIENT COBRA BENEFICIARY that remains enrolled in the RESOURCING EDGE sponsored medical plan following the termination of the Parties’ Agreement, and CLIENT agrees that any such enrollment will be limited to a brief period to transition such CLIENT COBRA Beneficiaries to new coverage, and Client retains all COBRA liability for such Client COBRA Beneficiaries during that period, regardless of the coverage status of such individuals.

  • COBRA Beneficiaries that are not disabled may elect to extend coverage even if the disabled COBRA Beneficiary declines to do so.

  • Once Buyer adopts its own group health and group dental coverage for any employees, Buyer will offer to each Continuing Employee (and their dependents) the right to participate in Buyer's group health plan and also extend coverage to all COBRA Beneficiaries for the remainder of the continuation period.

  • To the extent that Purchaser incurs any costs in connection with Seller COBRA Beneficiaries in excess of the premiums and payroll tax credits set forth in the preceding sentence hereof, the Sellers hereby agree to reimburse Purchaser for such excess costs.

  • The Open Enrollment Notification should inform COBRA Beneficiaries of the Open Enrollment Period, the options available, and the monthly premium rates for those options.

  • The Buyer shall provide notice to the Post-Closing COBRA Beneficiaries before the Benefits Effective Date of such Buyer’s responsibilities.

  • This extended coverage is called “COBRA coverage.” If you and your COBRA Beneficiaries are covered under the Plan, you and your COBRA Beneficiaries can continue coverage for a time if coverage ends for one of the several reasons (called Qualifying Events), even if you or they are already covered by another group health plan or Medicare.

  • The Consolidated Omnibus Budget Reconciliation Act, more commonly known as COBRA, generally requires that group health plans offer Participants and their COBRA Beneficiaries the opportunity to temporarily continue their health coverage when coverage under the Plan would otherwise end.


More Definitions of COBRA Beneficiaries

COBRA Beneficiaries shall have the meaning set forth in Section 5.9(c). “Commitments” shall have the meaning set forth in the DIP Facility. “Competing Transaction” shall mean any financing, refinancing, acquisition, divestiture, public offering, recapitalization, business combination or reorganization, whether in one transaction or a series of related transactions, of or involving (x) all or a material part of the Purchased Resort Assets or (y) all or a material part of the Purchased Retail Assets, in the case of either clause (x) or (y) other than any such transaction or series of related transactions with the Purchaser or an Affiliate thereof.
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COBRA Beneficiaries is defined in Section 9.9.
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COBRA Beneficiaries shall have the meaning set forth in Section 5.9(c).
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Related to COBRA Beneficiaries

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Dependents means dependents as defined in the Internal Revenue Code and as claimed in the taxpayer's federal income tax return for the taxable year or which the taxpayer would have been permitted to claim had the taxpayer filed a federal income tax return.

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • COBRA Coverage means continuation coverage required under Section 4980B of the Code and Part 6 of Title I of ERISA.

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • COBRA Period means the period beginning on the Date of Termination and ending on the first anniversary thereof.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Dependent children also means natural children, stepchildren, adopted children, children of a domestic partner, children placed for adoption and foster children.

  • Spouse means, an individual who,

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • COBRA continuation provision means any of the following:

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Dependent child means a child residing in an individual’s household who may legally be claimed as a dependent on the federal income tax of such individual.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.