Common use of COBRA Severance Clause in Contracts

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.3, Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until the earliest of: (i) nine (9) months following the date of the Qualifying Termination, (ii) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iii) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 6 contracts

Samples: Change in Control and Severance Agreement (Athira Pharma, Inc.), Change in Control and Severance Agreement (Athira Pharma, Inc.), Control and Severance Agreement (Athira Pharma, Inc.)

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COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(d), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Non-CIC Termination until the earliest of: (iA) nine (9) 6 months following the date of the Qualifying Non-CIC Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 4 contracts

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

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(c), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Non-CIC Qualifying Termination until the earliest of: (i) nine (9) months following the date of the Non-CIC Qualifying Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents, as applicable) eligibility for continuation coverage under COBRA.

Appears in 3 contracts

Samples: Control and Severance Agreement (Kinnate Biopharma Inc.), Change in Control and Severance Agreement (Kinnate Biopharma Inc.), Change in Control and Severance Agreement (Kinnate Biopharma Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(d), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Non-CIC Termination until the earliest of: (iA) nine (9) 12 months following the date of the Qualifying Non-CIC Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 3 contracts

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

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.3, Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until the earliest of: (i) nine twelve (912) months following the date of the Qualifying Termination, (ii) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iii) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Athira Pharma, Inc.), Control and Severance Agreement (Athira Pharma, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(c), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until the earliest of: (iA) nine six (96) months following the date of the Qualifying Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 2 contracts

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

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COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(c), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until the earliest of: (iA) nine twelve (912) months following the date of the Qualifying Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

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

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(d), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until 4826-0392-8823.1 - 8/20/2021 4:35:46 PM the earliest of: (iA) nine twelve (912) months following the date of the Qualifying Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (MedAvail Holdings, Inc.)

COBRA Severance. Subject to Executive timely electing continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and further subject to Section 5.35(d), Executive will receive Company-paid group health, dental and vision coverage for Executive and any of Executive’s eligible dependents, as applicable (the “COBRA Severance”), following the Qualifying Termination until the earliest of: (iA) nine six (96) months following the date of the Qualifying Termination, (iiB) the date on which Executive and Executive’s eligible dependents (as applicable) become covered under similar plans, or (iiiC) the expiration of Executive’s (and any of Executive’s eligible dependents’, as applicable) eligibility for continuation coverage under COBRA.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (MedAvail Holdings, Inc.)

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