Common use of Health Benefits Clause in Contracts

Health Benefits. For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

Health Benefits. For the eighteen twelve (1812) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her his spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she he remained employed during the such eighteen twelve (1812) month period (the COBRA continuation coverage period shall run concurrently with the eighteen twelve (1812) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing These payments on Executive’s behalf will commence within the sixtieth sixty (60th) day 60)-day period following the Termination Date, provided that Date and will be paid on the first such installment payment shall include any unpaid reimbursements that would have been made during payroll date of each month through the first sixty twelfth (6012th) days month following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen twelve (1812) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen twelve (1812) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

Health Benefits. For the eighteen twelve (1812) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her his spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she he remained employed during the such eighteen twelve (1812) month period (the COBRA continuation coverage period shall run concurrently with the eighteen twelve (1812) month period that COBRA premium reimbursement payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing These payments on Executive’s behalf will commence within the sixtieth sixty (60th) day 60)-day period following the Termination Date, provided that Date and will be paid on the first such installment payment shall include any unpaid reimbursements that would have been made during payroll date of each month through the first sixty twelfth (6012th) days month following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen twelve (1812) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen twelve (1812) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

Health Benefits. For the eighteen twelve (1812) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverageCOBRA, the Company will pay on Executive’s behalf, reimburse Executive for the monthly COBRA cost of COBRA continuation continued medical and dental coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen twelve (1812) month period (the COBRA continuation coverage period shall run concurrently with the eighteen twelve (1812) month period that COBRA premium payments are made on Executive’s behalf Executive is provided with medical and dental coverage under this subsection 1(a)(ii1(c)(ii)). The These reimbursements described herein shall be paid in monthly installments, commencing on will commence within the sixtieth sixty (60th) day 60)-day period following the Termination DateDate and will be paid on the first payroll date of each month, provided that Executive demonstrates proof of payment of the first such installment applicable premiums prior to the applicable reimbursement payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Datedate. Notwithstanding the foregoing, the Company’s payment reimbursement of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen twelve (1812) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen twelve (1812) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf reimbursement received during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment reimbursement arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

Health Benefits. For In accordance with RCW 41.26 (Law Enforcement Officers' and Fire Fighters' Retirement System) or other applicable State laws, the eighteen (18) month period following Employer shall provide a medical program for the Termination DateEmployee at no cost to the Employee. The Employer shall pay medical, dental and life insurance premiums for all Employees. At the present time, medical insurance is provided through the LEOFF Health and Welfare Trust for active LEOFF I Employees and from either LEOFF Health and Welfare Trust or other medical insurance that Executive is eligible forhas been selected and made available by the Airport for LEOFF II Employees. Dental and life insurance coverage for both LEOFF I and LEOFF II Employees shall be that selected and made available to other Airport Employees. The Employer also agrees to pay 100% of all medical and dental premiums that are applicable to the Employee and their dependent/s up to the total premium amount charged for LEOFF I firefighters, including the Employee and dependent/s, by the LEOFF Health and Welfare Trust. EXCEPT THAT, beginning on Jan. 1, 2006, Employees shall pay 5% of the medical insurance premiums that are applicable to their dependents, and timely elects COBRA continuation coverage, the Company will Employer shall pay on Executive’s behalf, the monthly cost 95% of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as those premiums. The Employer shall continue to pay 100% of the Termination Date, adjusted premium for any increase in such level paid by the Company for active employees, less Employee based on the employee portion LEOFF Health & Welfare Trust premium rate. The Employer shall pay 100% of the applicable dental premiums that Executive would have paid had she remained employed during for the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are dental program selected and made on Executive’s behalf under this subsection 1(a)(ii))available to other Airport Employees and their dependents. The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company Employer reserves the right to restructure choose the foregoing COBRA premium payment arrangement most economical medical and dental insurance providers of substantially equivalent coverage as agreed upon in the current contract. Further, any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to determination by the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder)applicable insurance company which, as determined a result of Employee's failure to follow the procedures set forth by such insurance company, that reduces benefits or otherwise penalizes the Company Employee shall be the responsibility and liability of such Employee and will not be the liability of Employer. Employer agrees to provide Union involvement in its sole and absolute discretionthe evaluation of medical/dental health care providers prior to any changes being made in the current coverage plans.

Health Benefits. After initial hire, all new employees will be subject to a two-month delay prior to the implementation of heath coverage. For eligible employees hired after July 1, 1996, the eighteen Board will pay 100% of single premium for a health insurance plan equal to or better than described in the Blue Card P.P.O. dated November 11, 2002. For eligible dependent coverage (18up to age 23 for dependent children) under the same Blue Card Plan referred in Paragraph 2 above, the employee must contribute 4.7 percent of premium cost which must be paid through payroll deductions. All employees currently enrolled in the Blue Select Plan will be enrolled in the Blue Card P.P.O. as of July 1, 2003. Retired employees and their dependents shall be included in the health benefit plan at the employee’s expense and option. Dependents of deceased employees shall be allowed to remain as members of the plan at their expense and option as long as they qualify as dependents. No employee hired after July 1, 1996, will be permitted to enroll in the Traditional Plan For employees hired before July 1, 1996: The Board will pay 100% of premium for a health insurance plan providing for a level of benefits equal to or better than that described in Group Cigna Insurance Plan, Board of Education of the Township of Ridgewood, Revised December 1990. For dependents of eligible employees (up to age 23 for dependent children) under the same plan described above, the employee must pay 4.7 percent of the premium cost which must be paid through payroll deductions. However, employees hired before July 1, 1996, may opt to enroll in the Blue Card P.P.O. subject to plan restrictions and must stay in that plan a minimum of one year. Employees hired before July 1, 1996, who subsequently retire, shall be included in the district’s officially designated Traditional Plan or P.P.O. at their expense and option. Dependents of deceased employees shall be allowed to remain as members of this plan at their expense and option as long as they qualify as dependents. Part-time contractual employees: After initial hire, new part-time employees, if qualified, as subject to a two-(2) month period following delay in implementation of coverage. Part-time contractual employees who are fifty (50) percent time and over, will receive a prorated share of health benefits for enrollment in the Termination Datedistrict’s officially designated P.P.O. in an amount equal to the amount of time they work. For example, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first a sixty (60) days following percent time employee the Termination DateBoard will pay sixty (60) percent of health benefits costs minus the family contribution. Notwithstanding the foregoing, the Company’s payment The balance of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employerdue must be paid through payroll deduction. Executive agrees The employee will be required to notify the Company Board Secretary (15) days after their initial employment of their desire to have health benefits and request the necessary deductions. Regardless of date of hire, part-time employees are required to pay a contribution for family coverage in writing immediately if subsequent employment is accepted an amount equal to that paid by full-time employees. Part-time employees hired on or after July 1, 1996, can only enroll in the district’s officially designated P.P.O. Part-time employees under fifty (50) percent are not entitled to receive health benefits. Health benefits will not take effect for any new employee until two (2) months from the commencement of employment. Waiver for eligible employees: Full-time employees who can show proof of health coverage by a spouse (excluding other district employees) prior to the end December 1 of each year may elect to waive health insurance coverage in return for a payment of $1,800 (one thousand eight hundred dollars.) Payment will be made on or before December 30 of the eighteen (18) month period following subsequent year; and payment will be made in each year coverage is waived. Employee may request, in writing, to resume health coverage in the Termination Date event of an emergency which resulted in loss of out-of-district coverage. Requests for resumption of coverage and Executive agrees to repay reasons therefore will be submitted to the Company any COBRA premium Superintendent. Prior to resumption of coverage, employees must refund a prorated amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretiondistrict.

Health Benefits. For the eighteen (18) month period following the Termination DateIf you timely elect continued coverage under COBRA or, provided that Executive is eligible forif applicable, state insurance laws, for yourself and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage your covered dependents under the Company’s group health plan for Executive andplans following termination, where the Company shall pay that portion of your COBRA premiums or, if applicable, her spouse portions of your premiums for continuation coverage under state insurance laws, in either case, that it was paying for you and your covered dependents, at the level ’ health insurance coverage in effect as of for yourself (and your covered dependents) on the Termination Separation Date (such COBRA or state continuation premium the “COBRA Premium” or “COBRA Premiums”) until the earliest of: (i) six (6) months following the Separation Date, adjusted ; (ii) the date when you become eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment; or (iii) the date you cease to be eligible for COBRA or state continuation coverage for any increase in reason, including plan termination (such level paid by period from the Company for active employeestermination date through the earlier of (i)-(iii), less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the “COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(iiPayment Period”)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, if at any time the Company’s Company determines that its payment of the monthly COBRA premiums Premiums on your behalf would result in accordance with a violation of applicable law (including, but not limited to, the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of paying the COBRA Premiums pursuant to this subsection 1(a)(ii) Section, the Company shall cease immediately upon pay you on the earlier of: (A) the end last day of each remaining month of the eighteen COBRA Payment Period, a fully taxable cash payment equal to the COBRA Premium for such respective month, subject to applicable tax withholding (18) month such amount, the “Special COBRA Payment”), such Special COBRA Payment to be made without regard to the COBRA period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date COBRA Payment Period. Nothing in this Agreement shall deprive you of your rights under COBRA or ERISA for benefits under plans and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of policies arising under your employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretionCompany.

Health Benefits. For The Company agrees to continue to make available and pay the same proportion of the deductible and portion of the premium as it currently does for participation for the Executive and his spouse, Xxx. Xxxxxxxxx Xxxxx, to the extent each is eligible under Maryland continuation of benefits laws, in the Company’s health benefit plans (including medical and dental plans) or programs equivalent to those that are offered to the key executive employees of Company as may be established from time to time by the Company management or its Board of Directors (the “Health Plans”) on substantially the same basis as is in effect for the Company’s active employees for a period of eighteen (18) months commencing on the first day of the month period next-following the Termination Date, provided that Separation Date (the “Continuation Period”). If and to the extent Executive is and his spouse cease to be eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation for coverage under the Company’s group health plan for Executive andHealth Plans, where applicable, her spouse and dependentsrespectively, at any point after the level in effect as commencement of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted Continuation Period but prior to the end of the Continuation Period, continuation coverage under the Health Plans or any available alternate coverage shall be provided to the Executive and his spouse in accordance with the applicable requirements of Maryland law for up to eighteen (18) month period following months (the Termination Date “Continuation Coverage”); provided, that any such Continuation Coverage shall be provided at the same proportion of the deductible and Executive agrees to repay portion of the premium, if available, as may then be in effect for the Company’s active employees generally. In the event the Executive’s or his spouse’s eligibility for Continuation Coverage ends prior to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period expiration of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoingContinuation Period, the Company reserves shall, upon the right to restructure presentation of receipts or invoices, promptly reimburse the foregoing COBRA premium payment arrangement in Executive and/or his spouse for the costs of any manner necessary or appropriate to avoid finesreplacement coverage they may thereafter secure until the end of the Continuation Period; provided, penalties or negative tax consequences that the amount of the Company’s reimbursement for such alternative coverage shall be no greater than hundred and fifty percent (150%) of the cost of coverage it otherwise would have provided to the Company Executive in connection with the Continuation Coverage (the “Coverage Maximum”). The Executive acknowledges and agrees that the Company’s obligations to pay or Executive (including, without limitation, to avoid any penalty imposed for violation reimburse the costs of such Continuation Coverage or alternative coverage shall terminate at the end of the nondiscrimination requirements under Continuation Period. The Executive acknowledges and agrees that the Patient Protection Company’s reimbursement for the alternative coverage contemplated hereunder shall be limited to the Coverage Maximum. The Executive further acknowledges and Affordable Care Act agrees to pay all federal, state and any other taxes in connection with or the guidance issued thereunder), as determined caused by the Company’s providing the Continuation Coverage (or alternative coverage) contemplated hereunder; provided, however, in the event that the Company in its sole and absolute discretionreports any such Continuation Coverage as a taxable benefit to the Executive, the Company hereby agrees to provide the Executive written notice of any such report.

Health Benefits. For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, The Company shall continue to provide for existing full-time newspersons and timely elects COBRA continuation their dependents such hospitalization coverage, major medical coverage, life, vision, dental coverage, short-term and long-term disability insurance as is provided through the Smitx Xxxlth Insurance Plan also known as the STC or Sunrise Health Plan. The Company will shall pay on Executive’s behalf75% and the employee shall pay 25% of such increases in the costs for individual or dependent coverage. The Employer shall be free to change carriers and alter, amend or discontinue such plans so long as it does not discriminate between the newspersons and the non-bargaining employees with regard to such benefits. Existing full-time newspersons employed prior to January 3, 1996, shall have the option to continue their enrollments in such HMO plans as were in force and which remain available at the employee contribution rate of $26.50 per pay period for dependent coverage; and $4.15 per pay period for single coverage. Future cost increases shall be divided in the same manner as with the Smitx Xxxn (75% Company, 25% Employee), except that in no event shall the dollar amount of the Company's share of such increase in the HMO cost exceed the Company's share of dollars paid for the increase in the above described Sunrise Plan in any year. Additionally, should employees elect to continue participation in such HMO's, the monthly cost of COBRA continuation coverage under employer will provide a special life insurance plan to supplement the Company’s group health HMO plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less wherein the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable will receive term life insurance coverage with a subsequent death benefit computed at the rate of one and one-half times his or her annual salary, to a maximum of $200,000. The total cost of such additional life insurance protection shall be borne by the employer. Executive agrees to notify Employees hired after January 3, 1996, who qualify as full-time newspersons shall receive the Company in writing immediately if subsequent employment is accepted prior health insurance plans noted above and will be eligible for the HMO option. Such employees hired after January 3, 1996, shall pay the same employee contribution rate of $96.35 per pay period for dependent coverage and $17.97 per pay period by single coverage . If an existing employee returns, for the purpose of enrollment, to the end of Smitx xxxn after leaving, he or she shall be responsible for the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), employee contribution rate as determined by for new employees entering the Company in its sole and absolute discretionSmitx Xxxrise Plan.

Health Benefits. For the eighteen fifteen (1815) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her his spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she he remained employed during the such eighteen fifteen (1815) month period (the COBRA continuation coverage period shall run concurrently with the eighteen fifteen (1815) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing These payments on Executive’s behalf will commence within the sixtieth sixty (60th) day 60)-day period following the Termination Date, provided that Date and will be paid on the first such installment payment shall include any unpaid reimbursements that would have been made during payroll date of each month through the first sixty fifteenth (6015th) days month following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen fifteen (1815) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen fifteen (1815) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.