Common use of COBRA Premiums Clause in Contracts

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you and, if applicable, your dependents until the earliest of (a) 9 months after the Termination Date, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive substantially equivalent health insurance coverage in connection with new employment or self-employment.

Appears in 3 contracts

Samples: Histogenics Corp, Histogenics Corp, Histogenics Corp

AutoNDA by SimpleDocs

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you yourself and, if applicable, your dependents until the earliest of (a) 9 the end of the period of 12 months after following the month in which the Termination DateDate occurs, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive substantially equivalent become eligible for health insurance coverage in connection with new employment or self-employment. You acknowledge that you otherwise would not have been entitled to any continuation of Company-paid health insurance.

Appears in 3 contracts

Samples: Vanda Pharmaceuticals Inc., Vanda Pharmaceuticals Inc., Vanda Pharmaceuticals Inc.

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If Pursuant to Section 6 of the Employment Agreement, if you sign sign, and do not revoke revoke, this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the your monthly premium under COBRA for you and, if applicable, for your dependents until the earliest of (a) 9 the end of the period of twelve (12) months after following the month in which the Termination DateDate occurs, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive are offered substantially equivalent health insurance coverage in connection with new employment or self-employment. You acknowledge that the payments provided for in this Section 5 may be considered taxable income to you.

Appears in 2 contracts

Samples: Vanda Pharmaceuticals Inc., Vanda Pharmaceuticals Inc.

COBRA Premiums. You will receive acknowledge that, on January 31, 2015, you received information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you and, if applicable, your dependents until the earliest of (a) 9 months after the Termination DateJanuary 30, 2016, (b) the expiration of your continuation coverage under COBRA COBRA, or (c) the date when you receive substantially equivalent health insurance coverage in connection with new employment or self-employment.

Appears in 1 contract

Samples: Indemnity Agreement (Histogenics Corp)

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you and, if applicable, your dependents until the earliest of (a) 9 6 months after the Termination Date, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive substantially equivalent health insurance coverage in connection with new employment or self-employment.

Appears in 1 contract

Samples: Histogenics Corp

AutoNDA by SimpleDocs

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Resignation Date. In order to continue your coverage, you must file the required election form. If Although you otherwise would not have been entitled to any continuation of Company-paid health insurance, if you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you and, if applicable, for your dependents until the earliest of (a) 9 months after the Termination DateOctober 6, 2012, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive become eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment. If necessary to avoid adverse tax consequences under the United States Internal Revenue Code of 1986, as amended, the Company will treat such payments or reimbursements as compensatory income taxable to you.]

Appears in 1 contract

Samples: Secrecy Agreement (Maxwell Technologies Inc)

COBRA Premiums. You will receive information about your right to continue your group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) after the Termination Date. In order to continue your coverage, you must file the required election form. If you sign and do not revoke this Agreement and elect to continue group health insurance coverage, then the Company will pay the employer portion of the monthly premium under COBRA for you yourself and, if applicable, your dependents until the earliest of (a) 9 the end of the period of three months after following the month in which the Termination DateDate occurs, (b) the expiration of your continuation coverage under COBRA or (c) the date when you receive substantially equivalent become eligible for health insurance coverage in connection with new employment or self-employment. You acknowledge that you otherwise would not have been entitled to any continuation of Company-paid health insurance.

Appears in 1 contract

Samples: DemandTec, Inc.

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