Common use of COBRA Payments Clause in Contracts

COBRA Payments. If Executive timely elects continued coverage under COBRA, then the Company shall pay the COBRA premiums necessary to continue Executive’s health insurance coverage in effect for herself and her eligible dependents on the Separation Date for a period of twelve (12) months following the Separation Date, provided that such COBRA reimbursement shall terminate on such earlier date as Executive is no longer eligible for COBRA coverage.

COBRA Payments. If Executive timely elects continued to continue her medical coverage under COBRA, then the Company shall pay the COBRA premiums necessary to continue for Executive’s health insurance COBRA coverage in effect for herself and her eligible dependents on until the Separation Date for a period earlier of (a) the date Executive ceases to receive Salary Continuation Payments, (b) twelve (12) months following the Separation Datedate of termination of employment, provided that such COBRA reimbursement shall terminate on such earlier or (c) the date as Executive is no longer becomes eligible for COBRA coveragecoverage under another employer’s health plan.