Common use of COBRA Payments Clause in Contracts

COBRA Payments. Upon completion of the appropriate COBRA1/ forms, and subject to all the requirements of COBRA, continuation of Executive’s participation in the Company’s health and dental insurance plans at the Company’s cost (except for Executive’s co-pay, if any, which shall be deducted from Executive’s severance compensation) for the 18 month COBRA eligibility period following such termination, to the same extent that such insurance is provided to similarly situated Company executives.

Appears in 3 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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COBRA Payments. Upon completion of the appropriate COBRA1/ COBRA forms, and subject to all the requirements of COBRA, continuation of the Company shall continue Executive’s participation in the Company’s health and dental insurance plans at the Company’s cost (except for Executive’s co-pay, if any, which shall be deducted from Executive’s his severance compensation) for the 18 month COBRA eligibility period following such termination, to the same extent that such insurance is provided to similarly situated Company executives.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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COBRA Payments. Upon completion of the appropriate COBRA1/ forms, and subject to all the requirements of COBRA, continuation of Executive’s participation in the Company’s health and dental insurance plans at the Company’s cost (except for Executive’s co-pay, if any, which shall be deducted from Executive’s his severance compensation) for during the 18 month COBRA eligibility period following such terminationSeverance Period, to the same extent that such insurance is provided to similarly situated Company executives.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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