Common use of COBRA Severance Clause in Contracts

COBRA Severance. A lump sum payment equal to the cost of continued health coverage under COBRA, as described in Section 4.2 of the Plan, for a period of 12 months following the date of your Involuntary Termination (less applicable withholding taxes).

Appears in 6 contracts

Samples: Participation Agreement (Lyft, Inc.), Employment Agreement (Lyft, Inc.), Employment Agreement (Lyft, Inc.)

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COBRA Severance. A lump sum payment equal to the cost of continued health coverage under COBRA, as described in Section 4.2 of the Plan, for a period of 12 18 months following the date of your Involuntary Termination (less applicable withholding taxes).

Appears in 2 contracts

Samples: Participation Agreement (Lyft, Inc.), Participation Agreement (Lyft, Inc.)

COBRA Severance. A lump sum payment equal to the cost of continued health coverage under COBRA, as described in Section 4.2 of the Plan, for a period of 12 months [Level 1: [ ] months; Xxxxx 0: [ ] months] following the date of your Involuntary Termination (less applicable withholding taxes).

Appears in 2 contracts

Samples: Participation Agreement (Lyft, Inc.), Participation Agreement (Lyft, Inc.)

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COBRA Severance. A lump lump-sum payment equal to the cost of continued health coverage under COBRA, as described in Section 4.2 of the Plan, for a period of 12 months following the date of your Involuntary Termination (less applicable withholding taxes).

Appears in 1 contract

Samples: Confidentiality Agreement (Lyft, Inc.)

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