COBRA Assistance Sample Clauses

COBRA Assistance. If Executive then participates in the Company’s medical and/or dental plans and Executive timely elects to continue and maintain group health plan coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), then, subject to Sections 7(e) and 7(f) below, the Company will pay monthly, on the Executive’s behalf, a portion of the cost of such coverage for the Severance Period, which payments will be equal to the amount of the monthly premium for such coverage, less the amount that Executive would have been required to pay if Executive had remained an active Executive of the Company (the “COBRA Assistance”); provided, however, that if and to the extent that the Company may not provide such COBRA Assistance without incurring tax penalties or violating any requirement of the law, the Company shall use its commercially reasonable best efforts to provide substantially similar assistance in an alternative manner provided that the cost of doing so does not exceed the cost that the Company would have incurred had the COBRA Assistance been provided in the manner described above or cause a violation of Section 409A (as defined in Section 19 below).
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
COBRA Assistance. If you elect COBRA, the Company will subsidize the medical and dental rates for the 18 months coverage period so that for the same coverage you will pay the same amount of contribution as if you were an active employee.
Sample 1Sample 2See All (4)
COBRA Assistance. The Company shall provide the EMPLOYEE with partially Company-paid COBRA coverage under the Company’s health care plan for herself, her spouse and his dependents on the plan on October 18, 2021 for nine (9) months after the Separation Date (the Company will pay the same percentage of the coverage cost that it would have paid had EMPLOYEE’S employment not been terminated).
Sample 1
COBRA Assistance. If Employee then participates in the Company's medical and/or dental plans and Employee timely elects to continue and maintain group health plan coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), then, provided Employee executes and delivers to the Company, no later than 45 days after the date of termination the Release and does not revoke the Release, the Company will pay monthly, on the Executive's behalf, a portion of the cost of such coverage for the three (3) month period after the effective date of the termination of Employee's employment, which payments will be equal to the amount of the monthly premium for such coverage, less the amount that Employee would have been required to pay if Employee had remained an active employee of the Company (the “COBRA Assistance”); provided, however, that if and to the extent that the Company may not provide such COBRA Assistance without incurring tax penalties or violating any requirement of the law, the Company shall use its commercially reasonable best efforts to provide substantially similar assistance in an alternative manner provided that the cost of doing so does not exceed the cost that the Company would have incurred had the COBRA Assistance been provided in the manner described above or cause a violation of Section 409A (as defined in Section 19).
Sample 1
COBRA Assistance. Xxxxxxx’x group health insurance (“Group Health Insurance”) shall terminate on June 30, 2018. If Xxxxxxx timely elects to continue insurance coverage to the extent allowed by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), Lindsay shall pay Xxxxxxx’x COBRA premium to maintain Group Health Insurance for the eight (8) month period immediately following the Separation Date (the “COBRA Assistance Period”). Following expiration of the COBRA Assistance Period, Xxxxxxx may be eligible to continue Group Health Insurance coverage to the extent provided by COBRA and Xxxxxxx shall be responsible for paying Lindsay’s COBRA administrator 100% of the applicable COBRA premium (plus any applicable administrative fee) for the duration of any continued period of COBRA coverage. Xxxxxxx shall immediately notify Lindsay if he obtains other group health insurance coverage.
Sample 1
COBRA Assistance. The Company will pay Employee $16,700.00 to defray the cost of continued health coverage for himself and his qualified dependents for the eight-month period from January 2016 through August 2016. This payment will be made with the lump sum payment provided in Section 4f below. Employee bears administrative responsibility for electing and paying for COBRA continuation benefits, should he choose to do so.
Sample 1
COBRA Assistance. If Executive then participates in the Company's medical and/or dental plans and Executive timely elects to continue and maintain group health
Sample 1
AutoNDA by SimpleDocs
COBRA Assistance. Following the Separation Date, Executive has the right under applicable law to elect to continue her participation in the Company’s group medical insurance program. Executive will complete and return the necessary paperwork if she desires to do so. The Company will pay the cost of that insurance coverage and any legally permitted COBRA administrative fee through January 31, 2023 or until Executive becomes eligible through full-time employment with another employer to obtain comparable replacement coverage, whichever occurs first. Executive understands that she must pay the full cost of that coverage and any legally permitted COBRA administrative fee starting February 1, 2023, if she is still participating, or eligible to participate, in this program. The Executive also agrees that she will promptly inform the Company if she becomes eligible to obtain comparable replacement coverage.
Sample 1
COBRA Assistance. If you elect to continue your medical and/or dental coverage under COBRA, Xxxxxx Mae will pay a portion of the premium for up to eighteen (18) months from the Termination Date. You agree to notify Xxxxxx Xxx promptly if you become eligible for another Xxxxx X. Xxxxx February 17, 2012 comparable group plan during this eighteen month period. If you do become so eligible, Xxxxxx Xxx will cease its COBRA assistance to you and you agree to reimburse Xxxxxx Mae for any payments made by Xxxxxx Xxx when you were eligible for such other comparable group plan, but before you provided the required notice to Xxxxxx Mae. During the period covered by this Paragraph 1(c), you will pay the portion of the premium in the amount that you would have paid as an active employee, and Xxxxxx Xxx will pay the remainder of the premium. To activate coverage, you must timely complete and return the COBRA forms, which will be forwarded to you separately. If you fail to timely complete and return the COBRA forms you may lose your eligibility for COBRA coverage.
Sample 1

Related to COBRA Assistance

  • Employee Assistance Drug and alcohol counseling, rehabilitation, and employee assistance are available from or through the Employer’s employee assistance program provider(s) (E.A.P.).

  • COBRA Benefits Executive and Executive’s qualified beneficiaries, as applicable, shall be entitled to continuation of group health coverage following the Termination Date under the Employer’s group health plan, to the extent required under the Consolidated Omnibus Budget Reconciliation Act of 1986, with Executive required to pay the same amount as Executive would pay if Executive continued in employment with the Employer during such period as described in Section 4(e) of the Employment Agreement.

  • COBRA and HIPAA The Parent Group shall continue to be responsible for complying with, and providing coverage pursuant to, the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Parent Welfare Plans with respect to any Parent Group Employees and any Former Parent Group Employees (and their covered dependents) who incur a qualifying event under COBRA before, as of, or after the Operational Separation Date. Effective as of the Operational Separation Date, the Spinco Group shall assume responsibility for complying with, and providing coverage pursuant to, the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Spinco Welfare Plans with respect to any Spinco Group Employees or Former Spinco Group Employees (and their covered dependents) who incur a qualifying event or loss of coverage under the Parent Welfare Plans and/or the Spinco Welfare Plans before, as of, or after the Operational Separation Date. The Parties agree that the consummation of the transactions contemplated by the Separation and Distribution Agreement shall not constitute a COBRA qualifying event for any purpose of COBRA.

  • Employee Assistance Programs Consistent with the University's Employee Assistance Program, employees participating in an employee assistance program who receive a notice of layoff may continue to participate in that program for a period of ninety (90) days following the layoff.

  • Employee Assistance Program A. The State recognizes that alcohol, nicotine, drug abuse, and stress may adversely affect job performance and are treatable conditions. As a means of correcting job performance problems, the State may offer referral to treatment for alcohol, nicotine, drug, and stress related problems such as marital, family, emotional, financial, medical, legal, or other personal problems. The intent of this section is to assist an employee's voluntary efforts to treat alcoholism, nicotine use, or a drug-related or a stress-related problem.

  • COBRA Continuation Coverage Upon the termination of Executive’s active employment with the Company, Executive shall be entitled to elect continued medical and dental insurance coverage in accordance with the applicable provisions of COBRA and the Company shall pay such COBRA premiums.

  • Employee Assistance Plan The Board shall make available to eligible employees and their eligible family members, at no cost, an Employee Assistance Plan (EAP). Employee participation in and/or referral to the EAP shall be voluntary and confidential, except as to any disclosures required by applicable state law. All personal treatment records generated as a result of an eligible individual’s utilization of the EAP shall be maintained by the service provider and shall not be shared with the Board unless otherwise authorized by the eligible employee or the covered dependent, or by operation of applicable law. The contact person for the EAP services to be made available under this Agreement shall not be employed by the Board of Education.

  • Employee Assistance Program (EAP) Section 1. The Employer agrees to provide to the Union the statistical and program evaluation information provided to management concerning Employee Assistance Program(s).

  • Tuition Assistance Bargaining unit employees can enroll in university or college, vocational technical school or extension courses. The course may be by correspondence or attendance at classes during non-working hours or during working hours with approval of the Agency Head and/or his/her Designee. Where practicable, in relation to work requirements, the Employer shall be liberal with the approval of requests for accrued/unused vacation leave, flex-time scheduling, compensatory time, or leave without pay for the purpose of enabling employees to attend classes conducted during an employee's regularly scheduled work hours.

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

Time is Money Join Law Insider Premium to draft better contracts faster.