Health Coverage. Executive’s medical and dental coverage shall cease upon the termination of Executive’s employment. In the event of such termination in accordance with the terms of this Section 4, Employer shall provide Executive with notice and enrollment materials confirming Executive’s right to continue medical and dental insurance coverage to the extent permitted under COBRA; provided, however, that Executive shall only be required to pay the premiums charged to similarly-situated active employees during the entire COBRA continuation period, and Employer shall pay the remaining cost of coverage.
Appears in 3 contracts
Samples: Employment Agreement (Odyssey Re Holdings Corp), Employment Agreement (Odyssey Re Holdings Corp), Employment Agreement (Odyssey Re Holdings Corp)
Health Coverage. Executive’s medical and dental coverage shall cease upon the termination of the Executive’s employment. In the event of such termination in accordance with the terms of this Section 4, Employer shall provide Executive with notice and enrollment materials confirming Executive’s right to continue medical and dental insurance coverage to the extent permitted under COBRA; provided, however, that Executive shall only be required to pay the premiums charged to similarly-situated active employees during the entire COBRA continuation period, and Employer shall pay the remaining cost of coverage.
Appears in 2 contracts
Samples: Employment Agreement (Odyssey Re Holdings Corp), Employment Agreement (Odyssey Re Holdings Corp)
Health Coverage. Executive’s medical and dental coverage shall cease upon the termination of the Executive’s employment. In the event of such termination in accordance with the terms of this Section 4, Employer shall provide Executive with notice and enrollment materials confirming Executive’s right to continue medical and dental insurance coverage to the extent permitted under COBRA; provided, provided however, that Executive shall only be required to pay the premiums charged to similarly-situated active employees during the entire COBRA continuation period, and the Employer shall pay the remaining cost of coverage.
Appears in 1 contract