Common use of Continued Employee Benefits Clause in Contracts

Continued Employee Benefits. If Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the same period that the Executive is paid severance benefits pursuant to Section 2(a) following the Executive’s Separation or, if earlier, until Executive is eligible to be covered under another substantially equivalent medical insurance plan by a subsequent employer.

Appears in 14 contracts

Samples: Change in Control and Severance Agreement (Corium International, Inc.), Change in Control and Severance Agreement (Upwork Inc.), Change in Control and Severance Agreement (Corium International, Inc.)

AutoNDA by SimpleDocs

Continued Employee Benefits. If Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the same period that the Executive is paid severance benefits pursuant to Section 2(a) following the Executive’s Separation or, if earlier, until Executive is eligible to be covered under another substantially equivalent medical insurance plan by a subsequent employer.

Appears in 5 contracts

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

Continued Employee Benefits. If Executive timely elects continued continuation coverage under pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the ) for Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, the Company will reimburse Executive for the same period that monthly premiums under COBRA for such coverage (at the Executive is paid severance benefits pursuant coverage levels in effect immediately prior to Section 2(a) following the Executive’s Separation or, if earlier, termination) until the earlier of (A) the date upon which Executive is and/or Executive’s eligible dependents becomes covered under similar plans or (B) the date upon which Executive ceases to be covered eligible for coverage under another substantially equivalent medical insurance plan by a subsequent employerCOBRA.

Appears in 4 contracts

Samples: Employment Agreement (Pulse Biosciences, Inc.), Electroblate Chief Scientific Officer Employment Agreement (Pulse Biosciences, Inc.), Executive Employment Agreement (Cue Biopharma, Inc.)

Continued Employee Benefits. If Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the same period that the Executive is paid severance benefits pursuant to Section 2(asix (6) months following the Executive’s Separation or, if earlier, until Executive is eligible to be covered under another substantially equivalent medical insurance plan by a subsequent employer.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Continued Employee Benefits. If the Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the same nine (9)-month period that following the Executive is paid severance benefits pursuant to Section 2(a) following date of the Executive’s Separation or, if earlier, until the Executive is eligible to be covered under another substantially equivalent medical insurance plan by a subsequent employer.; provided that if the Company determines that it cannot provide

Appears in 2 contracts

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

Continued Employee Benefits. If the Executive timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Company shall pay the full amount of Executive’s COBRA premiums on behalf of the Executive for the Executive’s continued coverage under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the same twelve (12)-month period that following the Executive is paid severance benefits pursuant to Section 2(a) following date of the Executive’s Separation or, if earlier, until the Executive is eligible to be covered under another substantially equivalent medical insurance plan by a subsequent employer.; provided that if the Company determines that it cannot provide

Appears in 1 contract

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

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