Examples of Insurance Continuation Period in a sentence
In the event that Executive’s COBRA eligibility period expires prior to the end of the Insurance Continuation Period (other than by reason of his obtaining Alternative Insurance Coverage), the Company shall procure and pay 100% of the premiums for comparable health insurance coverage for Executive and his dependents for the then remainder of the Insurance Continuation Period.
A gasoline fuel transfer and dispensing operation handling less than or equal to 1,300 gallons per day, such as filling of tanks, locomotives, automobiles, having a storage capacity less than or equal to 10,500 gallons.
You and IHS Markit shall be responsible for payment of their respective shares of the premium for these Health Benefits through the end of the Insurance Continuation Period, and the portion of the premium paid by IHS Markit shall be treated as taxable income and subject to applicable tax withholdings at the time the premium is paid.
You may elect COBRA coverage on a self-pay basis at the conclusion of the Insurance Continuation Period, provided you remain eligible for COBRA coverage.
Upon a timely election of the continuation coverage under COBRA by Executive, the Medical Insurance Continuation Benefit for the duration of the Insurance Continuation Period as set forth in Section 5.4(b) above.
Upon a timely election of the continuation coverage under COBRA by Executive, the Medical Insurance Continuation Benefit for the Insurance Continuation Period as set forth in Section 5.3(b) above.
In the event your continued coverage pursuant to COBRA is not possible or permitted, the Company agrees to use commercially reasonable efforts to acquire an individual health insurance policy that provides comparable coverage to that which you had immediately prior to the Separation Date during the Insurance Continuation Period; provided, that the Company is not obligated to pay for any such individual health insurance coverage more than three (3) times the Company’s cost for such group coverage.
In any event, and notwithstanding any provision to the contrary in this paragraph, the Company will have no obligation to reimburse you for COBRA premiums or life and disability insurance premiums beyond the expiration of the Insurance Continuation Period.
In addition, the Company agrees to use commercially reasonable efforts to acquire individual life and disability insurance policies that provide comparable coverage to that which you had immediately prior to the Separation Date during the Insurance Continuation Period; provided, that the Company is not obligated to pay for any such individual life and disability insurance coverage more than three (3) times the Company’s cost for such group coverage.
Upon Executive’s timely election of continuation coverage under COBRA, for the period hereinafter specified (the “Insurance Continuation Period”), the Company will pay one hundred percent (100%) of Executive’s COBRA premiums for the medical insurance coverage as in effect on the day immediately preceding the effective date of such termination without Cause for the entire Insurance Continuation Period.