COBRA Benefit. Upon termination as a Managerial Employee, if the Executive is entitled to the COBRA Benefit, Company shall pay the Executive’s monthly premium for the continuation of the Executive’s health insurance coverage under the COBRA immediately following the Executive’s termination, until the earlier of either: (a) six (6) months after the Employment Termination Date; or (b) such time as the Executive becomes eligible for alternative health insurance benefits, including health insurance benefits provided by another employer or the state or federal government of the United States.
Appears in 4 contracts
Samples: Employment Agreement (Socket Mobile, Inc.), Separation Agreement and Release (Socket Mobile, Inc.), Executive Employment Agreement (Socket Mobile, Inc.)
COBRA Benefit. Upon termination as a Managerial Employeetermination, if the Executive is entitled to the COBRA Payment Benefit, Company shall pay the Executive’s monthly premium for the continuation of the Executive’s health insurance coverage under the COBRA immediately following the Executive’s termination, until the earlier of either: (a) six (6) months after the Employment Termination Date; or (b) such time as the Executive becomes eligible for alternative health insurance benefits, including health insurance benefits provided by another employer or the state or federal government of the United States.
Appears in 2 contracts
Samples: Executive Employment Agreement (Socket Mobile, Inc.), Executive Employment Agreement (Socket Mobile, Inc.)
