Medical Severance definition
Medical Severance means an amount equal to two times the product of (1) the number of months from the date when the Employee’s maximum COBRA coverage period will end until the month following the month in which he attains age sixty-five, and (2) the monthly premium for “premium” CoverColorado coverage with the lowest available deductible, as of the date of the Change of Control, that would apply to the Employee if he was sixty-four years and eleven months old as of the date of the Change of Control.