COBRA Premium Payment definition

COBRA Premium Payment means the monthly COBRA premium under the Company’s group health plan in effect on the date of the Eligible Individual’s Involuntary Termination that applies to the Eligible Individual’s coverage election in effect on such date under the group health plan.
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COBRA Premium Payment shall have the meaning provided in Section 2.1(b) hereof.
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COBRA Premium Payment means an amount equal to 24 months of the Participant’s COBRA Premiums, plus an amount equal to the aggregate federal, state and local taxes imposed on such COBRA Premiums, plus any taxes imposed on that amount, so that the Participant on an after-tax basis is in the same position as it there had been no taxes imposed on the Participant with respect to the COBRA Premiums.
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Examples of COBRA Premium Payment in a sentence

  • For Monthly Payments, What If The Full COBRA Premium Payment Is Not Made When Due?If the Fund Office receives a COBRA premium payment that is not for the full amount due, the Fund Office will determine if the COBRA premium payment is short by an amount that is significant or not.

  • The Company shall provide to the Participant the COBRA Premium Payment set forth in Section 4.2(b) hereof; provided, however, that the COBRA Period shall be determined in accordance with Exhibit B attached hereto (instead of in accordance with Exhibit A).

  • After the expiration or termination of the COBRA Premium Payment, you will be solely responsible for the monthly payment of the COBRA premium should you choose to continue coverage under any of the Company’s group health plans.

  • If Executive continues to be eligible (under Federal law) and chooses to continue COBRA continuation coverage after the COBRA Premium Payment Period ends, Executive will be required to pay the full monthly COBRA Premium in a timely fashion.

  • In addition, Tier 1 Participants shall also receive, in a single lump-sum payment on the 60th day after the Date of Termination, an amount equal to six months of the Participant’s monthly COBRA Premium Payment.

  • Image analysis for different chapters varied with the specific analysis required and will be discussed in the relevant individual chapters but the entire cohort of patients and data available will be discussed initially.

  • The final rule provides that the COBRA Election Period, COBRA Premium Payment Period, and HIPAA Special Enrollment Period be disregarded during the “Outbreak Period”.

  • If payment of the amount due is not received by the end of the 30-day grace period, COBRA continuation coverage will terminate.For Monthly Payments, What If The Full COBRA Premium Payment Is Not Made When Due?If the Fund Office receives a COBRA premium payment that is not for the full amount due, the Fund Office will determine if the COBRA premium payment is short by an amount that is significant or not.

  • The guidance includes extensions for the COBRA Election Period, COBRA Premium Payment Period, and HIPAA Special Enrollment Period.

  • No provision of this Plan will affect the continuation coverage rules under COBRA, except that the Company’s payment of any applicable premiums during the COBRA Premium Payment Period will be credited, except for purposes of COBRA premium assistance under the American Recovery and Reinvestment Act of 2009 (the “ARRA”), as payment by the Eligible Executive Officer for purposes of his or her payment required under COBRA.

Related to COBRA Premium Payment

  • COBRA Period means the period beginning on the Date of Termination and ending on the nine-month anniversary thereof; provided, however, that in the event of a Change in Control Qualifying Termination, then the COBRA Period instead shall end on the 18-month anniversary thereof.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • COBRA Coverage means continued medical and dental coverage under the Company’s benefit plans, as determined under section 4980B of the Code.

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Premium payment plan means a benefit plan whereby state and

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • COBRA continuation provision means any of the following:

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Pay Period means a two (2) calendar week period beginning on a Sunday and ending on the second Saturday thereafter.

  • Severance Amount means:

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Severance Benefit means the payment of severance compensation as provided in Article III.