Continuation Coverage Period definition

Continuation Coverage Period means the applicable time period for which Continuation Coverage may be elected.
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Continuation Coverage Period means the period commencing on the date of a Qualifying Event and continuing for the maximum period specified in COBRA.
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Continuation Coverage Period means (1) with respect to a Level One Covered Individual (as defined in Section 2.1(k)), thirty-six (36) months, (2) with respect to a Level Two Covered Individual (as defined in Section 2.1(k)), thirty (30) months, (3) with respect to a Level Three Covered Individual (as defined in Section 2.1(k)), eighteen (18) months, and (4) with respect to a Level Four Covered Individual (as defined in Section 2.1(k)), twelve (12) months.
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Examples of Continuation Coverage Period in a sentence

  • The right to reimbursement and the coverage provided pursuant to this Section 5.05 shall terminate prior to the end of the Continuation Coverage Period if the Executive is eligible to receive benefits under another employer-provided or group plan (which plan may be the plan of his new employer or his spouse’s employer) substantially comparable to the benefits provided by the Company Health Care Plan.

  • During the Continuation Coverage Period, the Company shall reimburse the Executive for the difference between the monthly premium amount actually paid by the Executive pursuant to this Section 5.05 and the monthly premium amount paid by active employees for the same level of coverage under the Company Health Care Plan.

  • The Continuation Coverage Period shall cease prior to the end of the eighteenth (18th) month of such period in the event the Executive becomes covered under health insurance coverage of a subsequent employer which does not contain any exclusion or limitation with respect to any preexisting condition of the Executive or the Executive’s eligible dependents.

  • The Company shall be responsible for the payment of the employee portion of the required medical and dental contributions with respect to such coverage during the COBRA Continuation Coverage Period.

  • The COBRA health care continuation coverage period under Section 4980B of the Code, or any replacement or successor provision of United States tax law, will run concurrently with the Continuation Coverage Period.

  • The Continuation Coverage Period will run concurrently with any coverage provided as required by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”).

  • Notwithstanding the foregoing, any payments or benefits that the Executive receives during the Continuation Coverage Period shall (i) be paid no later than the last day of the Executive’s tax year following the tax year in which the expense was incurred, (ii) not be affected by any other expense eligible for reimbursement in a tax year, and (iii) not be subject to liquidation or exchange for another benefit.

  • If coverage provided during the Continuation Coverage Period requires a monthly payment to the Plan, the Company will pay the required amount, adjusted on a pre-tax basis.

  • The COBRA Continuation Coverage Period under section 4980B of the Internal Revenue Code shall run concurrently with the Salary Continuation Period.

  • During the Continuation Coverage Period, the Company will continue to pay on behalf of the Executive that portion of the monthly premium it pays on behalf of active employees for the same level of coverage elected by the Executive.


More Definitions of Continuation Coverage Period

Continuation Coverage Period means, with respect to each Participant, a period of time equal to the number of full and partial Years of Service upon which such Participant's lump sum cash payment provided pursuant to Section III.A.(a) hereof was based, subject to a minimum of four months and a maximum of 12 months.
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Continuation Coverage Period means, with respect to each Covered Individual, the period of time equal to the severance period upon which the lump sum cash payment provided pursuant to Section 4.1(a) was based.
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Related to Continuation Coverage Period

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

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

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • 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.