Common use of Group Health Coverage Clause in Contracts

Group Health Coverage. Xxxxxx Drilling shall maintain Executive’s group health plan and group dental plan coverage for a period of eighteen (18) months following the Termination Date, at substantially the same level of coverages as existed on the Termination Date; provided, however, Executive and his covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages but in all other respects shall be treated the same as other participants under the terms of such plans. Following the expiration of the 18-month period, Executive shall be entitled to elect additional continuation coverage under such plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and the Company’s procedures for COBRA administration, or otherwise. In the event that such additional COBRA coverage is elected, (i) the COBRA time period shall not be reduced by the post-termination continuation coverage provided pursuant to the foregoing provisions of this paragraph and (ii) Executive (and his covered dependents, if any) must pay the full COBRA premium rates as effective during such coverage period. In the event of any change to the group health plan or group dental plan following the Termination Date, Executive and his spouse and dependents, as applicable, shall be treated consistently with the then-current senior officers of Xxxxxx Drilling (or its successor) with respect to the terms and conditions of coverage and other substantive provisions of the plan; provided, however, no participant contributions shall be required from them unless the additional COBRA coverage period is in effect. Executive and his spouse hereby agree to acquire and maintain any and all coverage that either or both of them are entitled to at any time during their lives under the Medicare program or any similar program of the United States Government or any agency thereof (hereinafter referred to as “Medicare”). The coverage described in the immediately preceding sentence includes, without limitation, parts A and B of Medicare and any additional parts of Medicare. Executive and his spouse further agree to pay any required premiums for Medicare coverage from their personal funds. Notwithstanding the foregoing provisions, the coverage of Executive (and his dependents, if any) under such medical and/or dental plans maintained by Xxxxxx Drilling shall terminate in the event that Executive becomes employed by another for-profit employer which maintains a group health plan or plans for its employees providing group medical coverage and group dental coverage; provided, however, any additional COBRA coverage shall not be terminated unless and until permitted under COBRA.

Group Health Coverage. Effective as of the Termination Date, Xxxxxx Drilling shall maintain Executive’s group continue to provide Xxxxx and his eligible dependents with health plan and group dental plan coverage for a period benefits pursuant to Xxxxxx’x health and dental benefit program provided to senior employees of eighteen (18) months following Xxxxxx, as in effect from time to time, as if he had continued to be an active employee commensurate with the position he held prior to the Termination Date, at substantially such levels as are provided to senior employees of Xxxxxx and their eligible dependents from time to time (“Medical Coverage”) until the same level earlier of coverages as existed on the Termination Date; provided, however, Executive and his covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages but in all other respects shall be treated the same as other participants under the terms of such plans. Following (i) the expiration of the 18twenty-four month periodperiod commencing on the last day that Xxxxx serves as a member of the Board (the “Coverage Period”), Executive or (ii) the date or dates that Xxxxx becomes eligible for comparable benefits under plans and programs of a subsequent employer, as applicable. Notwithstanding the foregoing, (w) as a condition to receiving the benefits hereunder, Xxxxx and his eligible dependents shall be entitled elect to elect additional continuation receive group health benefit coverage under such plans from Xxxxxx as permitted pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) ), which coverage shall begin on the Termination Date and run through the Company’s procedures for COBRA administration, or otherwise. In the event that such additional COBRA coverage is elected, (i) the COBRA time period shall not be reduced by the post-termination continuation coverage provided pursuant to COBRA (the foregoing provisions “COBRA Coverage Period”), which coverage shall be deemed to be satisfied by the provision of this paragraph and the Medical Coverage through the COBRA Coverage Period, (iix) Executive (and his covered dependentsduring the Coverage Period, if any) must Xxxxx shall only be required to pay for the full COBRA premium Medical Coverage at the same rates as effective during that Xxxxx is required to pay for such coverage period. In the event of any change immediately prior to the group health plan or group dental plan following the Termination Date, Executive (y) the Medical Coverage provided to Xxxxx and his spouse and dependents, as applicable, eligible dependents by Xxxxxx under this Agreement shall be treated consistently with the then-current senior officers in full satisfaction of Xxxxxx Drilling (or its successor) with respect Xxxxxx’x obligations to the terms and conditions of coverage and other substantive provisions of the plan; provided, however, no participant contributions shall be required from them unless the additional COBRA coverage period is in effect. Executive Xxxxx and his spouse hereby agree to acquire eligible dependents under COBRA, the Employment Agreement and maintain any this Agreement, and all coverage that either or both of them are entitled to (z) if at any time during their lives under the Medicare program or any similar program Coverage Period it is not possible for Xxxxxx to provide the Medical Coverage in accordance with this Section 1.4(a), Xxxxxx shall pay Xxxxx an amount which, after payment by Xxxxx of the United States Government or any agency thereof (hereinafter referred applicable taxes, is sufficient for him to as “Medicare”). The coverage described in the immediately preceding sentence includes, without limitation, parts A and B of Medicare and any additional parts of Medicare. Executive and his spouse further agree to pay any required premiums for Medicare coverage from their personal funds. Notwithstanding the foregoing provisions, the coverage of Executive (and his dependents, if any) under such medical and/or dental plans maintained by Xxxxxx Drilling shall terminate in the event that Executive becomes employed by another for-profit employer which maintains a group health plan or plans for its employees providing group medical coverage and group dental coverage; provided, however, any additional COBRA coverage shall not be terminated unless and until permitted under COBRApurchase equivalent benefits.

Group Health Coverage. Effective as of the Termination Date, Xxxxxx Drilling shall maintain Executive’s group continue to provide Xxxxxxxx and his eligible dependents with health plan and group dental plan coverage for a period benefits pursuant to Xxxxxx’x health and dental benefit program provided to senior employees of eighteen (18) months following Xxxxxx, as in effect from time to time, as if he had continued to be an active employee commensurate with the position he held prior to the Termination Date, at substantially such levels as are provided to senior employees of Xxxxxx and their eligible dependents from time to time (“Medical Coverage”) until the same level earlier of coverages as existed on the Termination Date; provided, however, Executive and his covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages but in all other respects shall be treated the same as other participants under the terms of such plans. Following (i) the expiration of the 18twenty-four month periodperiod commencing at the end of the consulting period (the “Coverage Period”), Executive or (ii) the date or dates that Xxxxxxxx becomes eligible for comparable benefits under plans and programs of a subsequent employer, as applicable. Notwithstanding the foregoing, (w) as a condition to receiving the benefits hereunder, Xxxxxxxx and his eligible dependents shall be entitled elect to elect additional continuation receive group health benefit coverage under such plans from Xxxxxx as permitted pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) ), which coverage shall begin on the Termination Date and run through the Company’s procedures for COBRA administration, or otherwise. In the event that such additional COBRA coverage is elected, (i) the COBRA time period shall not be reduced by the post-termination continuation coverage provided pursuant to COBRA (the foregoing provisions “COBRA Coverage Period”), which coverage shall be deemed to be satisfied by the provision of this paragraph and the Medical Coverage through the COBRA Coverage Period, (iix) Executive (and his covered dependentsduring the Coverage Period, if any) must Xxxxxxxx shall only be required to pay for the full COBRA premium Medical Coverage at the same rates as effective during that Xxxxxxxx is required to pay for such coverage period. In the event of any change immediately prior to the group health plan or group dental plan following the Termination Date, Executive (y) the Medical Coverage provided to Xxxxxxxx and his spouse and dependents, as applicable, eligible dependents by Xxxxxx under this Agreement shall be treated consistently with the then-current senior officers in full satisfaction of Xxxxxx Drilling (or its successor) with respect Xxxxxx’x obligations to the terms and conditions of coverage and other substantive provisions of the plan; provided, however, no participant contributions shall be required from them unless the additional COBRA coverage period is in effect. Executive Xxxxxxxx and his spouse hereby agree to acquire eligible dependents under COBRA, the Employment Agreement and maintain any this Agreement, and all coverage that either or both of them are entitled to (z) if at any time during their lives under the Medicare program or any similar program Coverage Period it is not possible for Xxxxxx to provide the Medical Coverage in accordance with this Section 1.4(a), Xxxxxx shall pay Xxxxxxxx an amount which, after payment by Xxxxxxxx of the United States Government or any agency thereof (hereinafter referred applicable taxes, is sufficient for him to as “Medicare”). The coverage described in the immediately preceding sentence includes, without limitation, parts A and B of Medicare and any additional parts of Medicare. Executive and his spouse further agree to pay any required premiums for Medicare coverage from their personal funds. Notwithstanding the foregoing provisions, the coverage of Executive (and his dependents, if any) under such medical and/or dental plans maintained by Xxxxxx Drilling shall terminate in the event that Executive becomes employed by another for-profit employer which maintains a group health plan or plans for its employees providing group medical coverage and group dental coverage; provided, however, any additional COBRA coverage shall not be terminated unless and until permitted under COBRApurchase equivalent benefits.

Group Health Coverage. Effective as of the Termination Date, PRIMEDIA shall continue to provide Xxxxxx Drilling shall maintain Executiveand his eligible dependents with medical and dental benefits pursuant to PRIMEDIA’s group health plan and group dental plan coverage for a period benefit program provided to senior employees of eighteen (18) months following PRIMEDIA, as in effect from time to time, as if he had continued to be an active employee commensurate with the position he held prior to the Termination Date, at substantially such levels as are provided to senior employees of PRIMEDIA and their eligible dependents from time to time (“Medical Coverage”) until the same level earlier of coverages as existed on the Termination Date; provided, however, Executive and his covered dependents, if any, shall not be required to pay any portion of the premium cost to retain such coverages but in all other respects shall be treated the same as other participants under the terms of such plans. Following (i) the expiration of the 18twenty-four month periodperiod commencing on the Termination Date (the “Severance Period”), Executive or (ii) the date or dates that Xxxxxx becomes eligible for coverage and benefits under corresponding plans and programs of a subsequent employer, as applicable. Notwithstanding the foregoing, (w) as a condition to receiving the benefits hereunder, Xxxxxx and his eligible dependents shall be entitled elect to elect additional continuation receive group health benefit coverage under such plans from PRIMEDIA as permitted pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) ), which coverage shall begin on the Termination Date and run through the Company’s procedures for COBRA administration, or otherwise. In the event that such additional COBRA coverage is elected, (i) the COBRA time period shall not be reduced by the post-termination continuation coverage provided pursuant to COBRA (the foregoing provisions “COBRA Coverage Period”), which coverage shall be deemed to be satisfied by the provision of this paragraph and the Medical Coverage through the COBRA Coverage Period, (iix) Executive (and his covered dependentsduring the Severance Period, if any) must Xxxxxx shall only be required to pay for the full COBRA premium Medical Coverage at the same rates as effective during that Xxxxxx is required to pay for such coverage period. In the event of any change immediately prior to the group health plan or group dental plan following the Termination Date, Executive (y) the Medical Coverage provided to Xxxxxx and his spouse and dependents, as applicable, eligible dependents by PRIMEDIA under this Agreement shall be treated consistently with the then-current senior officers in full satisfaction of PRIMEDIA’s obligations to Xxxxxx Drilling (or its successor) with respect to the terms and conditions of coverage and other substantive provisions of the plan; provided, however, no participant contributions shall be required from them unless the additional COBRA coverage period is in effect. Executive and his spouse hereby agree to acquire eligible dependents under COBRA, the Employment Agreement and maintain any this Agreement, and all coverage that either or both of them are entitled to (z) if at any time during their lives under the Medicare program or any similar program Severance Period it is not possible for PRIMEDIA to provide the Medical Coverage in accordance with this Section 1.4(a), PRIMEDIA shall pay Xxxxxx an amount which, after payment by Xxxxxx of applicable taxes, is sufficient for him to purchase equivalent benefits, as described in Section 9(d)(i)(E) of the United States Government or any agency thereof (hereinafter referred to as “Medicare”). The coverage described in the immediately preceding sentence includes, without limitation, parts A and B of Medicare and any additional parts of Medicare. Executive and his spouse further agree to pay any required premiums for Medicare coverage from their personal funds. Notwithstanding the foregoing provisions, the coverage of Executive (and his dependents, if any) under such medical and/or dental plans maintained by Xxxxxx Drilling shall terminate in the event that Executive becomes employed by another for-profit employer which maintains a group health plan or plans for its employees providing group medical coverage and group dental coverage; provided, however, any additional COBRA coverage shall not be terminated unless and until permitted under COBRAEmployment Agreement.