Common use of Basic Severance Clause in Contracts

Basic Severance. If you do not elect the Additional Severance Benefits, your participation in the Medical, Dental, Vision, Employee Assistance Program, Group Life Insurance, Supplemental Group Life Insurance, Group AD&D and Supplemental Group AD&D will generally end on the Separation Date (or no later than the last day of the month in which Basic Severance ceases, pursuant to the terms of each plan and/or policy). You are entitled to elect to continue group health plan coverage under COBRA at your own expense, assuming you satisfy the requirements of COBRA. Information regarding COBRA coverage will be sent to you under separate cover if you do not elect the Additional Severance Benefits.