COBRA Payments. On the sixtieth (60th) day following the Date of Termination, Executive will be paid a lump sum payment in an amount equal to the product of (x) Executive’s monthly premium amount for health insurance continuation coverage for Executive and Executive’s eligible dependents under COBRA (based on the monthly premium rate for such coverage in effect on the Date of Termination) and (y) twenty four (24).
Appears in 4 contracts
Samples: Severance and Change in Control Agreement (PROG Holdings, Inc.), Severance And (Aaron's Company, Inc.), Form of Severance and Change in Control Agreement (Aaron's Inc)
