Common use of Healthcare Continuation Coverage Clause in Contracts

Healthcare Continuation Coverage. If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the premium for Executive and Executive’s covered dependents for COBRA coverage, such payment or reimbursement to continue until the earlier of (i) the six-month anniversary of the Termination Date or (ii) the date Executive and his covered dependents are covered by similar plans of Executive’s new employer. After the Company ceases to pay premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance with the provisions of COBRA.

Healthcare Continuation Coverage. If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”)) during the Consulting Period, the Company shall directly pay, or reimburse Executive for, the premium for Executive and Executive’s covered dependents for COBRA coverage, such payment or reimbursement to continue from the Termination Date until the earlier of (i) the six-month first anniversary of the Termination Date or (ii) the date Executive and becomes eligible for comparable coverage under another employer’s plans, provided that Executive submits documentation to the Company substantiating his covered dependents are covered by similar plans of Executive’s new employerpayments for COBRA coverage. After the Company ceases to pay or reimburse premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance with the provisions of COBRA.

Healthcare Continuation Coverage. If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the premium for Executive and Executive’s covered dependents for COBRA coverage, such payment or reimbursement to continue until the earlier of (i) the sixeighteen-month anniversary of the Termination Date or (ii) the date Executive and his covered dependents are covered by similar plans of Executive’s new employer. After the Company ceases to pay premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance with the provisions of COBRA.

Healthcare Continuation Coverage. If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the COBRA premium for Executive and Executive’s covered dependents for COBRA coveragedependents, such payment or reimbursement to continue until the earlier of (i) the six-month first anniversary of the Termination Date or (ii) the date Executive and his covered dependents are covered by similar plans of Executivebecomes eligible for comparable coverage under another employer’s new employerplans. After the Company ceases to pay or reimburse premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance with the provisions of COBRA.

Healthcare Continuation Coverage. If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the premium premiums for Executive and Executive’s covered dependents for COBRA coverage, such payment or reimbursement to continue until during the period commencing on the Retirement Date and ending on the earlier to occur of (i) the sixnine-month anniversary of the Termination Retirement Date or and (ii) the date Executive and his covered dependents are covered by similar plans of Executivebecomes eligible for comparable coverage under another employer’s new employerplans. After the Company ceases to reimburse or pay premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance with the provisions of COBRA.