Common use of Release Benefits Clause in Contracts

Release Benefits. In addition, if you are otherwise eligible for benefits under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and you elect to receive those benefits, then ▇▇▇▇▇▇▇▇ will provide you a full subsidy for the premium charged under Meredith’s group health plan through the end of the month following the month you were terminated (“Subsidy Period”). At the conclusion of the Subsidy Period, you shall be responsible for the entire COBRA premium for the remainder of the applicable COBRA continuation period. The Subsidy period shall count toward any period for which ▇▇▇▇▇▇▇▇ is required to offer COBRA coverage to you or your dependents.

Release Benefits. In addition, if you are otherwise eligible for benefits under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and you elect to receive those benefits, then ▇▇▇▇▇▇▇▇ will provide you a full subsidy for the premium charged under Meredith’s ▇▇▇▇▇▇▇▇’▇ group health plan through the end of the month following the month you were terminated (“Subsidy Period”). At the conclusion of the Subsidy Period, you shall be responsible for the entire COBRA premium for the remainder of the applicable COBRA continuation period. The Subsidy period shall count toward any period for which ▇▇▇▇▇▇▇▇ is required to offer COBRA coverage to you or your dependents.