Common use of Coverage After COBRA & Upon Medicare Eligibility Clause in Contracts

Coverage After COBRA & Upon Medicare Eligibility. In the event the Executive is eligible for Medicare coverage at the end of his maximum applicable COBRA coverage period, the Executive may identify and locate a Medicare supplemental policy, which may include, to the extent permitted, the medical and dental plans

Appears in 8 contracts

Samples: Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc)

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Coverage After COBRA & Upon Medicare Eligibility. In the event the Executive is eligible for Medicare coverage at the end of his maximum applicable COBRA coverage period, the Executive may identify and locate a Medicare supplemental policy, which may include, to the extent permitted, the medical and dental plansplans sponsored by the Company at such time for active employees, that, when combined with the coverage provided by Medicare (both Parts A and B), provides Comparable Coverage. The Executive shall be solely responsible for the payment of any Medicare premiums and/or Medical supplemental policy premiums for the Comparable Coverage.

Appears in 8 contracts

Samples: Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc), Executive Officer Benefits Agreement (Power Integrations Inc)

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Coverage After COBRA & Upon Medicare Eligibility. In the event the Executive is eligible for Medicare coverage at the end of his maximum applicable COBRA coverage period, the Executive may identify and locate a Medicare supplemental policy, which may include, to the extent permitted, the medical and dental plansplans sponsored by the Company at such time for active employees (the “Company Plans”), that, when combined with the coverage provided by Medicare, provides Comparable Coverage. If Executive is at such time

Appears in 1 contract

Samples: Officer Benefits Agreement (Power Integrations Inc)

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