COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-related employee insurance coverage for the employee only as in effect immediately prior to the Executive’s Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of Control. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 14 contracts
Sources: Executive Retention Agreement (Avalon GloboCare Corp.), Executive Retention Agreement (Avalon GloboCare Corp.), Executive Retention Agreement (Avalon GloboCare Corp.)
COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“"COBRA”"), the Company shall continue to provide to the Executive, at the Company’s 's expense, the Company’s 's health-related employee executive insurance coverage for the employee Executive only as in effect immediately prior to the Executive’s Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of Control. The date of the “"qualifying event” " for the Executive and any dependents shall be the Termination Date.
Appears in 6 contracts
Sources: Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.)
COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”), the subject to Section 4(d)(iv), Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-related employee executive insurance coverage for the employee Executive only as in effect immediately prior to the Executive’s Termination Upon Change of Control or Executive’s termination of employment by Company other than for Cause or by Executive for Good Reason for a period of twelve (12) months following such Termination Upon Change of Controlapplicable termination. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 3 contracts
Sources: Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.)
COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-related employee insurance coverage for the employee only as in effect immediately prior to the Executive’s Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of Control. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 3 contracts
Sources: Executive Retention Agreement (Planet Payment Inc), Executive Retention Agreement (Planet Payment Inc), Executive Retention Agreement (Planet Payment Inc)
COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-related employee insurance coverage for the employee only as in effect immediately prior to the Executive’s Involuntary Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of ControlInvoluntary Termination. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 2 contracts
Sources: Executive Retention Agreement (Planet Payment Inc), Executive Retention Agreement (Planet Payment Inc)
COBRA. If the Executive timely elects coverage under the Consolidated Consolidated. Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-related employee insurance coverage for the employee only as in effect immediately prior to the Executive’s Involuntary Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of ControlInvoluntary Termination. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 1 contract
COBRA. If the Executive timely elects coverage under the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall continue to provide to the Executive, at the Company’s expense, the Company’s health-health related and other standard employee insurance coverage for the employee only as in effect immediately prior to the Executive’s Termination Upon Change of Control for a period of twelve (12) months following such Termination Upon Change of Control. The date of the “qualifying event” for the Executive and any dependents shall be the Termination Date.
Appears in 1 contract
Sources: Change of Control and Retention Agreement (Nuance Communications)