Health Coverage Continuation. Payment by the Corporation of the COBRA continuation coverage premium necessary to continue Executive's then current employee and dependent health, dental, and prescription drug coverage during the Severance Pay Period, provided that (A) Executive elects and remains eligible for COBRA continuation coverage, (B) Executive continues to pay the normal employee contribution for such coverage, and (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer; and
Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Bradxxx) xxll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Bradxxx) xxll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Bradxxx) xx such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Bradxxx) xxr medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage The medical coverage provided pursuant to this Section 3 will terminate, subject to any rights you and your dependents have to continue the coverage under applicable law, if, during the 12-month continuation period, you become covered under another employer's group medical plan without application of any pre-existing condition limitations or other limitations on coverage. This coverage is in addition to any coverage to which you may be entitled under applicable laws relating to continuation of medical coverage. If you die after becoming entitled to any benefits in accordance with the foregoing and prior to full payment thereof, any remaining payments will be made to your estate. In consideration for the severance and other benefits described above, you voluntarily agree to release the Company and Bradxxx (xxd their respective affiliates and subsidiaries, successors and assigns, and the current and former officers, directors, shareholders, employees and agents of the foregoing) generally from all claims, demands and liabilities of every name and nature in connection with your employment and resignation or termination from the Company or Bradxxx, xx applicable, whether arising in contract, tort, equity or otherwise (including any express or implied contract or obligation of good faith or fair dealing or any theory of wrongful termination) or under any discrimination statute including without limitation, the Age Discrimination in Employment Act. This Agreement also covers any claims that you may have for attorneys' fees. Notwithstanding the foregoing, you shall continue to be entitled to indemnification for your actions as an employee or officer of the Company (or, after the Merger, Bradxxx) xxr periods prior to your termination of employment in accordance with the Company's (or, after the Merger, Bradxxx'x) xxrporate charter and by-laws and shall continue to be covered...
Health Coverage Continuation. Reimbursement by the Corporation of expenses incurred by Executive to continue Executive's then current employee and dependent health, dental, and prescription drug coverage under COBRA during the Severance Pay Period, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the normal employee contribution for such coverage, (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer; and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense, but may not be made after the last day of the second calendar year following the calendar year in which the Executive's employment terminates; and
Health Coverage Continuation. In addition to the foregoing, the Corporation will reimburse Executive for expenses incurred by Executive to continue Executive's then current employee and dependent health, dental, and prescription drug coverage during the period of time in which the Executive would be entitled to continuation coverage under COBRA, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the -7- normal employee contribution for such coverage, (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense, but may not be made after the last day of the second calendar year following the calendar year in which the Executive's employment terminates.
Health Coverage Continuation. Provided that Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will provide Executive with such continuing coverage under the Company’s group health plans as Executive would have received under his Employment Agreement (and at such costs to Executive) as would have applied in the absence of such termination from the Resignation Date through the earlier of July 31, 2012 or such time as Executive becomes entitled to receive benefits of the same type from another employer or recipient of Executive’s services (such entitlement being determined without regard to any individual waivers or other similar arrangements); and
Health Coverage Continuation. If you make a timely election under COBRA to continue your current group medical coverage after your date of termination, the Company will reimburse you for the premiums paid by you for such coverage for the number of months represented by the base and any contingent severance pay you receive under this agreement or until you secure other group medical coverage elsewhere, whichever comes first. You may elect to continue your coverage beyond that date at your expense as provided under COBRA. The enrollment forms have been sent separately..All such coverage will be subject to the terms and conditions of the medical plan documents. Life insurance is not a covered benefit under the COBRA laws.
Health Coverage Continuation. Provided that the Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will provide the Executive with such continuing coverage under the Company’s group health plans as the Executive would have received under his Employment Agreement (and at such costs to the Executive) as would have applied in the absence of such termination (but not taking into account any post-termination increases in Annual Salary that may otherwise have occurred without regard to such termination and that may have favorably affected such benefits) for a period of up to 18 months from the Resignation Date (the “COBRA Coverage Period”). Upon the expiration of the COBRA Coverage Period, the Company shall make a payment to the Executive such that the net amount paid to the Executive (after being grossed up to offset applicable withholdings as required by law) is equal to six (6) times the Company’s share of the monthly group health plan premium then in effect; and
Health Coverage Continuation. Provided that the Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Partnership shall pay the premiums for the same level of coverage as in effect on the Expiration Date until the earliest of the following: (i) September 30, 2012; (ii) the Executive’s eligibility for group medical care coverage through other employment; or (iii) the end of the Executive’s eligibility under COBRA for continuation coverage for medical, dental and vision care to the same extent as if he had remained employed until September 30, 2012. The Executive agrees to notify the Partnership promptly if he becomes eligible for group medical care coverage through another employer. He also agrees to respond promptly and fully to any reasonable requests for information by the Partnership concerning his eligibility for such coverage. The Executive may continue coverage for himself and any beneficiaries after September 30, 2012 at his own expense for the remainder of the COBRA continuation period, to the extent he and they remain eligible. Notwithstanding the foregoing, if the Partnership determines at any time that its payments pursuant to this subsection may be taxable income to the Executive, it may convert such payments to payroll payments directly to the Executive on the Partnership’s regular payroll dates, which shall be subject to tax-related deductions and withholdings.
Health Coverage Continuation. The Corporation will reimburse the Executive for the COBRA continuation premiums incurred by Executive to continue Executive's current employee and dependent health, dental, and prescription drug coverage in effect during the Severance Pay Period, provided (A) that Executive elects and remains eligible for COBRA continuation coverage, (B) that Executive continues to pay the normal employee contribution for such coverage, (C) that the Corporation's obligation to provide coverage will end if Executive becomes eligible for comparable coverage from a new employer and (D) that reimbursements under this Section will be made within thirty (30) days after the Executive submits documentation of the reimbursable expense.
Health Coverage Continuation. Executive will continue to be eligible to participate in the Company’s health, dental and vision insurance programs until the end of the calendar month in which the Resignation Date occurs. Thereafter, provided that Executive elects to continue his health coverage to the extent authorized by and consistent with 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will provide Executive with such continuing coverage under the Company’s group health plans as Executive received prior to the Resignation Date (provided Executive continues to pay his share of such coverage) as would have applied in the absence of such termination from the Resignation Date through the earlier of the second anniversary of the Resignation Date or such time as Executive becomes entitled to receive health benefits from another employer or recipient of Executive’s services (such entitlement being determined without regard to any individual waivers or other similar arrangements);
