Common use of Medical and Dental Insurance Benefits Clause in Contracts

Medical and Dental Insurance Benefits. Insurance benefits will end the last day of the month in which the Separation Date occurs. Should Employee be eligible for and elect COBRA coverage for medical and/or dental benefits, Fresh Choice will pay the cost of the COBRA premiums, less the amount Employee paid as an active employee, for the applicable Severance Period. Thereafter, the Employee is responsible for the timely payment of full cost of the COBRA premium for the remainder of the applicable COBRA period. It is intended by the parties hereto that the provisions of this Agreement shall become effective as of the date of approval by the Board's Compensation Committee and shall terminate on the sixth month anniversary of the Transfer of Control Event.