Examples of COBRA Payments in a sentence
Notwithstanding the foregoing, if Executive’s employment is terminated by reason of his death or Disability, Executive, or his estate or legal representative, as applicable, shall be entitled to the Final Year Pro Rata Bonus and, in the case of a termination by reason of his Disability, COBRA Payments and Other Premium Payments for a period of twelve (12) months following the date of termination.
Each installment of the CIC COBRA Payments shall be deemed to be a separate payment for purposes of Section 409A of the Code.
Each payment of the Severance Amount or COBRA Payments shall be deemed to be a separate payment for purposes of Section 409A of the Code.
Notwithstanding the foregoing, the Company’s obligation to pay the Severance Payment and the COBRA Payments shall be conditioned upon, and subject to, the execution and delivery by Employee of a termination agreement, including a general release of claims, in form and substance reasonably acceptable to the Company.
In addition, Lessee shall return with each Unit all maintenance and overhaul records for such Unit.
This has implications for trading activity and stock returns: First, investors who pay less attention to the stock market trade less aggressively.
The Enhanced COBRA Payments will commence on the date and in the manner set forth under Section 4(e) above.
The Severance Payment, Retirement Bonus, and COBRA Payments shall not be subject to anticipation, alienation, sale, assignment, pledge, encumbrance, transfer, or charge by Executive or any other person, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, transfer, or charge the Severance Payment, Retirement Bonus, and COBRA Payments will be void.
The "COBRA Payments" shall be monthly installment payments, each equal to the monthly COBRA premium in effect as of the date of Executive's termination of employment for the level of coverage in effect for Executive under the Bank's group health plan.
Employee’s eligibility for, and the Employer’s obligation to pay, the COBRA Payments shall immediately cease upon Employee becoming eligible for medical coverage through new employment and Employee agrees to notify the Employer if and when Employee becomes eligible for such alternate coverage or otherwise discontinues coverage on the Employer’s medical plan.