Consolidated Omnibus Budget Reconciliation Act definition

Consolidated Omnibus Budget Reconciliation Act or "COBRA" means continuation coverage as administered under 42 U.S.C. Secs. 300bb-1 through 300bb-8.
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Consolidated Omnibus Budget Reconciliation Act means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.
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Consolidated Omnibus Budget Reconciliation Act of 1985 or COBRA ” coverage provided under a right of continuation pursuant to federal law.
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Examples of Consolidated Omnibus Budget Reconciliation Act in a sentence

  • This law is the Consolidated Omnibus Budget Reconciliation Act of 1986 as amended from time to time (“COBRA”).

  • The right to keep the certificate in force referred to in this section does not include the right to elect individual coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, COBRA, of the Employee Retirement Income Security Act of 1974, as amended, 29 United States Code, Section 1161 to 1168.

  • Employees who terminate employment with the 38 District may extend their dental insurance at employee expense as provided in the 39 Consolidated Omnibus Budget Reconciliation Act (COBRA).

  • With regard to facilitating the enrollment of consumers leaving employer sponsored coverage (ESI), Contractor shall coordinate with Covered California to make best efforts to ensure all consumers leaving ESI, including those who may be eligible for coverage required by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and the California Continuation Benefits Replacement Act, Health and Safety Code § 1366.20 et seq.

  • Should an employee's employment terminate during the school year, the employee shall be entitled to continued coverage under the health, dental, and vision care plans per the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

  • Medical and Dental insurance plans may be continued in accordance with the Federal Consolidated Omnibus Budget Reconciliation Act of 1985 or COBRA which generally allows for continuation of insurance coverage for eighteen (18) months beyond the date of insurance termination.

  • Consistent with the Federal Consolidated Omnibus Budget Reconciliation Act of 1986, any County employee who is covered by County-offered health insurance and who dies while employed, whether in paid or unpaid status, their surviving dependents shall be allowed to retain their dependents’ coverage, provided that the dependents pay their applicable premium at least one (1) month prior to the premium due date.

  • For purposes of this Agreement, “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1986 as amended from time to time.

  • Employees on layoff shall be permitted to continue their group insurance policies that they were enrolled in at the time of layoff, provided that they pay one hundred two percent (102%) of the cost of the premiums for such insurance, as provided by the Consolidated Omnibus Budget Reconciliation Act of 1986 and any amendment thereto.

  • For any non-probationary/trainee employee who is placed on furlough and qualifies for Employment Security Benefits, the Employer will continue to provide up to two (2) months of employer paid healthcare insurance if the employee elects to continue benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA) and pay the employee’s portion of the healthcare insurance premiums.


More Definitions of Consolidated Omnibus Budget Reconciliation Act

Consolidated Omnibus Budget Reconciliation Act or "COBRA" means the federal law administered by a governmental plan under Title XXII of the Public Health Service (PHS) Act, 42 U.S.C. 300bb-1 through 300bb-8.
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Consolidated Omnibus Budget Reconciliation Act. ("COBRA") or any collective bargaining agreement. The Sellers, however, do not assume any liability relating in any way to the Company's employees, former employees, officers or directors hired after the Closing, including liability under any employee benefit plans sponsored by the Buyer or arising under the WARN Act, COBRA or any collective bargaining agreement to which the Buyer is a party to the extent any such liability arises from the Buyer's acts or omissions after the Closing Date. The Sellers shall indemnify the Buyers with respect to WARN Act liabilities arising as a result of the transactions contemplated by this Agreement as provided in SECTION 10.
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Consolidated Omnibus Budget Reconciliation Act of 1986, as amended.
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Related to Consolidated Omnibus Budget Reconciliation Act

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • omnibus Instrument" means the Omnibus Instrument in which this Coordination Agreement is included as Section H.

  • Budget-related Policy means a policy of a municipality affecting or affected by the annual budget of the municipality, including-

  • Consolidated refers to the consolidation of accounts in accordance with GAAP.

  • Health Insurance Portability and Accountability Act means the Health Insurance Portability and Accountability Act of 1996, Pub. L. No. 104-191, 110 Stat. 1936, as amended.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Consolidated Plan means the plan prepared in accordance with 24 CFR Part 91, which describes needs, resources, priorities and proposed activities to be undertaken with respect to certain HUD programs, including the HOME Program.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Return means a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

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

  • Consolidated Cash Interest Charges means, for any period, the total interest expense of Holdings and its Restricted Subsidiaries for such period determined on a consolidated basis net of any interest income, which shall be determined on a cash basis only and solely in respect of Indebtedness of the type described in the definition of “Consolidated Total Debt” and excluding, for the avoidance of doubt, (i) any non-cash interest expense and any capitalized interest, whether paid or accrued, (ii) the amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (iii) amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses (including agency costs, amendment, consent or other front end, one-off or similar non-recurring fees), (iv) any expenses resulting from discounting of indebtedness in connection with the application of recapitalization accounting or purchase accounting, (v) penalties or interest related to taxes and any other amounts of non-cash interest resulting from the effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted liabilities (other than Indebtedness) during such period, (vii) non-cash interest expense attributable to the movement of the mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant to FASB Accounting Standards Codification No. 815-Derivatives and Hedging, (viii) any one-time cash costs associated with breakage in respect of Swap Agreements for interest rates, (ix) any payments with respect to make whole premiums, commissions or other breakage costs of any Indebtedness, (x) all non-recurring interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP, (xi) any amounts payable under Section 2.12(a) payable on or before the Closing Date, including any underwriting fees or original issue discount paid in connection with the Transactions and any agency fees payable to the Administrative Agents in connection with the Loan Documents, and (xii) any bridge, arrangement, structuring, commitment or other financing fees or expenses (but for the avoidance of doubt, not including any interest expenses), including in connection with the Transactions, any Permitted Acquisition or any other Investments or in connection with any amendment or waiver with respect to any outstanding Indebtedness or any expenses incurred in connection with any Indebtedness the proceeds of which are applied to fund any Permitted Acquisition or other Investment.

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.