COBRA Notices Clause Samples

The COBRA Notices clause requires an employer or plan administrator to provide employees and their dependents with timely notifications about their rights to continue health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA) after certain qualifying events, such as termination of employment or reduction in work hours. In practice, this means that when an employee loses health coverage due to a qualifying event, the employer must inform them of their option to elect continued coverage, the deadlines for making this election, and the costs involved. This clause ensures that affected individuals are aware of and able to exercise their rights to maintain health insurance, thereby preventing unexpected loss of coverage and promoting compliance with federal law.
COBRA Notices. Sellers shall, either directly or through a third party at Sellers' expense, provide all notices required to be provided by Sellers under COBRA, subject to the review and comment of Buyer, including, but not limited to, notices required as a result of the event described under Code Section 4980B(f)(3)(F). Such notices shall include information with regard to an individual's ability to receive the tax credit provided under Code Section 35. Sellers shall at Buyer's reasonable request include with any notice described in this Section 5.4(h) any materials requested by Buyer in a timely manner, which materials shall be subject to Parent's review and comment. If the materials included at Buyer's request with the notice described in this Section 5.4(h) increase the cost of such notice, Buyer shall be responsible for paying the amount equal to such increase in cost.
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COBRA Notices. Seller shall be responsible for providing all employees of the Business (and their dependents) with any notices required by the Consolidated Omnibus Budget Reconciliation Act or similar state Law with respect to qualifying events that occur on or prior to the Closing Date.
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COBRA Notices. Sellers shall have supplied proof to Purchaser satisfactory in form and substance to counsel for Purchaser of each Seller’s compliance with the provisions of COBRA as they apply to Sellers with respect to the termination of its employees, including any notices required to be distributed to employees of any Seller.
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COBRA Notices. Seller has performed or will perform prior to the Closing Date all notice obligations under Section 4980B of the Internal Revenue Code of 1986, as amended or under Section 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended and which are required to be performed on or prior to the Closing Date.
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COBRA Notices. DIGITAL has provided to the individuals ------------- entitled thereto all notices and coverages that are required by Section 4980B of the Code and the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), with respect to ----- any "qualifying event" (as defined in Section 4980B(f)(3) of the Code) occurring prior to and including the Closing Date. No material tax payable under Section 4980B of the Code has been incurred with respect to any current or former employees (or their beneficiaries) of DIGITAL.
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COBRA Notices. 23 Section 4.31 Warranty and Return Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Section 4.32
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COBRA Notices. Cartesian has provided, or will have provided prior to the Closing, to individuals entitled thereto all required notices and coverage pursuant to COBRA with respect to any “qualifying event” (as defined in Code Section 4980B(f)(3)) occurring prior to and including the Closing Date;
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COBRA Notices. With the Companies' assistance, as reasonably requested by Newco, Newco shall provide all notices required by Code Section 4980B and the regulations promulgated thereunder and Part 6 of Subtitle B of Title I or ERISA to each employee who is entitled thereto with respect to each Employee Benefit Plan that is a Group Health Plan, as defined in Section 4980B(g)(2) of the Code.
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COBRA Notices. Seller has performed or will perform all notice obligations which are COBRA Liabilities and which are required to be performed prior to the Closing Date.
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Related to COBRA Notices

  • COBRA Benefits Executive and Executive’s qualified beneficiaries, as applicable, shall be entitled to continuation of group health coverage following the Termination Date under the Employer’s group health plan, to the extent required under the Consolidated Omnibus Budget Reconciliation Act of 1986, with Executive required to pay the same amount as Executive would pay if Executive continued in employment with the Employer during such period as described in Section 4(e) of the Employment Agreement.

  • COBRA Continuation Coverage Upon the termination of Executive’s active employment with the Company, Executive shall be entitled to elect continued medical and dental insurance coverage in accordance with the applicable provisions of COBRA and the Company shall pay such COBRA premiums.

  • COBRA and HIPAA Effective as of January 1, 2008, the SpinCo Welfare Plans assumed responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to SpinCo Participants who, as of December 31, 2007, were covered under a RemainCo Welfare Plan pursuant to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to December 31, 2007. The Parties hereto agree that neither the Distribution nor any transfers of employment that occur as of the Distribution Date or otherwise in connection with the Distribution shall constitute a COBRA qualifying event for purposes of COBRA; provided, that, in all events, (i) SpinCo (acting directly or through a member of the SpinCo Group) shall assume, or shall have caused the SpinCo Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to the Transferred SpinCo Participants to the extent each such individual was, as of the day prior to his or her transfer of employment, covered under a RemainCo Welfare Plan pursuant to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to his or her transfer of employment, and (ii) RemainCo (acting directly or through a member of the RemainCo Group) shall assume, or shall have caused the RemainCo Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to the Transferred RemainCo Participants to the extent each such individual was, as of the day prior to his or her transfer of employment, covered under a SpinCo Welfare Plan pursuant to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to his or her transfer of employment. RemainCo (acting directly or through a member of the RemainCo Group) shall be responsible for administering compliance with any certificate of creditable coverage requirements of HIPAA or Medicare applicable to the RemainCo Welfare Plans with respect to SpinCo Participants.

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

  • COBRA Premiums If Executive timely elects continued coverage under COBRA, the Company will pay Executive’s COBRA premiums to continue Executive’s coverage (including coverage for Executive’s eligible dependents, if applicable) (“COBRA Premiums”) through the period starting on the termination date and ending twelve (12) months after the termination date (the “COBRA Premium Period”); provided, however, that the Company’s provision of such COBRA Premium benefits will immediately cease if during the COBRA Premium Period Executive becomes eligible for group health insurance coverage through a new employer or Executive ceases to be eligible for COBRA continuation coverage for any reason, including plan termination. In the event Executive becomes covered under another employer’s group health plan or otherwise ceases to be eligible for COBRA during the COBRA Premium Period, Executive must immediately notify the Company of such event.