Coverage Costs definition
Examples of Coverage Costs in a sentence
Costs for Extended Warranties and Premiums for Other Insurance Coverage Costs for extended warranties and premiums for other insurance coverage are not Covered.
In order to obtain reimbursement for such Coverage Costs, Executive must submit appropriate evidence to Employer of each periodic payment within sixty (60) days after the payment date, and Employer shall within thirty (30) days after such submission reimburse Executive for that payment.
In order to obtain reimbursement for the Coverage Costs under the applicable plan or plans, the Executive must submit appropriate evidence to the Company of each periodic payment within sixty (60) days after the required payment date for those Coverage Costs, and the Company shall within thirty (30) days after such submission reimburse the Executive for that payment.
To the extent the reimbursed Coverage Costs are treated as taxable income to the Executive, the Company shall report the reimbursement as taxable W-2 wages and collect the applicable withholding taxes, and the resulting tax liability shall be the Executive’s sole responsibility.
As of the date of this Disclosure Statement, approximately $3.7 million in reimbursable Coverage Costs remain due and owing to the Debtors under the terms of the Liberty Settlement.
To the extent the reimbursed Coverage Costs constitute taxable income to Executive, Employer shall report the reimbursement as taxable W-2 wages and collect the applicable withholding taxes, and any remaining tax liability shall be Executive’s sole responsibility.
Section 6.1(s) of the Plan provides that Coverage Costs will be paid to Reorganized Congoleum in accordance with the terms of the Liberty Settlement.
To the extent the reimbursed Coverage Costs are treated as taxable income to the Executive the Company shall report the reimbursement as taxable W-2 wages and collect the applicable withholding taxes, and the resulting tax liability shall be the Executive’s sole responsibility.
Any additional health care coverage to which the Executive and his dependents may be entitled under COBRA following the period for which the Executive is entitled to the reimbursement of Coverage Costs hereunder shall be at the sole cost and expense of the Executive’s and/or his dependents.
Notwithstanding anything in the Plan or this Disclosure Statement to the contrary, Coverage Costs shall be paid to Reorganized Congoleum in accordance with the terms of that certain settlement agreement with Liberty Mutual Insurance Company, which was approved by the Bankruptcy Court by an Order dated June 29, 2004.