Continuation Coverage. If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of 12 months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy.
Appears in 7 contracts
Sources: Change in Control Agreement (Electro Scientific Industries Inc), Change in Control and Severance Agreement (On Deck Capital, Inc.), Change in Control and Severance Agreement (On Deck Capital, Inc.)
Continuation Coverage. If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of 12 twelve (12) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy.or
Appears in 4 contracts
Sources: Change of Control Severance Agreement (Cornerstone OnDemand Inc), Change of Control Severance Agreement (Cornerstone OnDemand Inc), Change of Control Severance Agreement (Cornerstone OnDemand Inc)
Continuation Coverage. If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the pay Executive's COBRA premiums for such that coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of of: (A) a period of 12 twelve (12) months from the date of termination or termination; (B) the date upon which Executive and/or Executive’s eligible dependents become becomes covered under similar plans. The reimbursements will be made by ; or (C) the Company to date Executive consistent with the Company’s normal expense reimbursement policybecomes eligible for coverage under Medicare.
Appears in 2 contracts
Sources: Change in Control and Severance Agreement (180 Degree Capital Corp. /Ny/), Change in Control and Severance Agreement (Harris & Harris Group Inc /Ny/)
Continuation Coverage. If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of 12 months from the date of termination or [CEO: eighteen (B18) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy./ other executives: twelve
Appears in 1 contract
Sources: Change of Control and Severance Agreement (Vital Therapies Inc)
Continuation Coverage. If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of 12 eighteen (18) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy.or
Appears in 1 contract
Sources: Change of Control Severance Agreement (Cornerstone OnDemand Inc)