Continuing Coverage definition
Examples of Continuing Coverage in a sentence
During the Continuing Coverage Period, Employer shall, if and only to the extent possible under the terms of such plans, continue Executive’s participation in the Continuing Coverage Plans for the Continuing Coverage Period, which continued participation shall be under all of the costs, terms and conditions that are applicable to or imposed upon employees of similar title to Executive, as such costs, terms and conditions may change from time to time during the remainder of the Continuing Coverage Period.
Executive and Employer specifically agree that the reimbursement by Employer through the Continuing Coverage Period of the full monthly COBRA amount which would, in the absence of this Agreement, be charged to Executive for continuing coverage under the medical benefits plan sponsored by Employer, and in which Executive is a participant as of the termination of Executive's employment, shall constitute full tender of performance under this Agreement with respect to such medical benefits plan.
Upon moving to the new plan, should an employee have dependents that were covered as of December 31, 2019 but who no longer qualify for coverage under SEBB, the dependents will have the opportunity to enroll in accordance with the SEBB Continuing Coverage program.
Continuing Coverage may be procured through the purchase of a stand-alone Claims-Made Policy issued to the Exiting Participant or by one or more endorsements on Claims-Made Policies purchased by the Operating Agent.
The availability, if any, of Continuing Coverage is dependent on market conditions.
The Operating Agent will reasonably cooperate with the Exiting Participant in its efforts to obtain Continuing Coverage.
Continuing Coverage Rider (CCR) ___ per month less an allowance of ___.
PHYSICIAN or PA may procure such Continuing Coverage by obtaining subsequent insurance policies that have a retroactive date of coverage on or before the Effective Date, by obtaining an extended reporting endorsement applicable to the Insurance Coverage maintained by PHYSICIAN or PA during the term of this Agreement or by such other method reasonably acceptable to the parties.
If Executive’s employment is terminated by the Bank without Cause or by Executive for Good Reason, Executive shall be entitled to: (i) payment of the Severance Amount and Continuing Coverage; (ii) the Accrued Amounts; and (iii) any coverage or amount to be provided or paid under Section 13 hereof.
Within 31 days of an employee’s layoff date, a laid off employee will be given the opportunity to make payments to continue health and welfare coverage consistent with the provisions of the Hospital’s Continuing Coverage plan and such coverage can be continued for up to six additional months.