COBRA Employees definition

COBRA Employees means Pre-Distribution COBRA Employees, Continuation Period COBRA Employees and Post-Continuation Period COBRA Employees.
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COBRA Employees shall have the meaning set forth in Section 10.5(d).
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COBRA Employees means any former employee of the Stations receiving benefits under or pursuant to COBRA prior to the Effective Time.
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Examples of COBRA Employees in a sentence

  • For purposes of the Company's successor or assigns welfare benefit plans and policies subject to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), Employee's "qualifying event" for COBRA purposes shall be the Termination Date.

  • Seller shall permit the employees of the Company listed in Schedule 8.14(c) (the "COBRA Employees") to participate in Seller's Medical, Dental and Vision health insurance plans (the "Seller Health Plans") through December 31, 2004 in accordance with the health insurance continuation rights provisions of the Consolidated Omnibus Budget Reconciliation Act.

  • Buyer agrees to cause each of the COBRA Employees (regardless of whether they remain employed with the Company or Buyer following the Closing Date) and their beneficiaries to cease coverage under the Seller Health Plans on or prior to December 31, 2004.

  • If requested by Sellers not less than ten days prior to Closing, Vanguard will permit all persons who are qualified beneficiaries of Sellers under COBRA law as of the Closing Date ("COBRA Employees") to participate in the health benefit plans of Vanguard for the period of time equal to that which Sellers would be required under the COBRA law if Sellers were to keep their health benefit plans in existence.

  • Effective January 1, 2005, Buyer shall assume responsibility for providing COBRA continuation coverage, under one or more health plans sponsored by Buyer, for those COBRA Employees who become eligible to elect such coverage as a result of their termination of employment with Seller (as of the Closing Date) or Buyer (after the Closing Date).

  • In the event that the consent of any of the COBRA Employees or their beneficiaries is required for Seller to provide such supporting documentation, Buyer shall be responsible for seeking and obtaining such consent.

  • Sellers shall reimburse Vanguard for all expenditures incurred by Vanguard for benefits rendered under the plans to COBRA Employees.

  • Seller currently has no knowledge of any anticipated claims with respect to the COBRA Employees reasonably expected to exceed $10,000.00.

  • Nothing in this Agreement, express or implied, is intended to or shall confer upon any Person (other than the Parties, the COBRA Employees to the extent of their respective rights in Section 5.7 and the D&O Indemnified Parties to the extent of their respective rights pursuant to Section 5.8) any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

  • Seller shall use commercially reasonable efforts to maintain excess or stop-loss medical and dental insurance reasonably comparable to that in effect on the date hereof until such time as all COBRA Employees have terminated their coverage through Seller or ceased to become eligible for continued COBRA coverage.


More Definitions of COBRA Employees

COBRA Employees has the meaning set forth in Section 6.8(f) ----------------- -------------- hereof.
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Related to COBRA Employees

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • 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.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Hired Employees has the meaning set forth in Section 6.1(a).

  • Former Employees means a former member of management of Icahn Enterprises (or any of its Subsidiaries (including any Guarantors)), other than the Principal, who voluntarily or upon any other termination is no longer employed by any of Icahn Enterprises or any of its Subsidiaries (including any Guarantors) and who holds Equity Interests that are required to be redeemed or purchased pursuant to any contractual requirements upon such termination of employment.

  • 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.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Other Employees means, all the employees other than the Directors, KMPs and the Senior Management Personnel.

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

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

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • COBRA Coverage means continued medical and dental coverage under the Company’s benefit plans, as determined under section 4980B of the Code.

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

  • Current Employees has the meaning set forth in Section 6.4(a).

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • 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.

  • Business Employee means any individual employed by Seller in or in connection with the Business.