Common use of Group Health Care Clause in Contracts

Group Health Care. Executive shall be entitled to continue his/her current group health care coverage in accordance with the provisions of the Consolidated Omnibus Reconciliation Act (“COBRA”). As consideration for this Agreement, the Company shall reimburse Executive the cost of continuing these benefits for a period of twelve (12) months.

Appears in 5 contracts

Samples: Employment Agreement (Gardenburger Inc), Employment Agreement (Gardenburger Inc), Employment Agreement (Gardenburger Inc)

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Group Health Care. Executive shall be entitled to continue his/her current group health care coverage in accordance with the provisions of the Consolidated Omnibus Reconciliation Act (“COBRA”). As consideration for this Agreement, the Company shall reimburse Executive the cost of continuing these benefits for a period of twelve (12) monthsmonths following termination at the same or comparable levels of coverage, provided however, that if such health and welfare benefits are not available from the Company for any reason, then on the date that such benefits are no longer available, the Company shall pay Executive a lump sum sufficient to enable Executive to obtain equivalent health and welfare benefits from another source.

Appears in 1 contract

Samples: Separation Agreement (Gardenburger Inc)

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