Common use of Continuation of Medical Coverage Clause in Contracts

Continuation of Medical Coverage. If Employee’s employment by the Company terminates for any reason (including early retirement) other than gross misconduct, Employee shall be entitled to continue to participate in the Company’s self-funded group medical coverage, at Employee’s expense, to the extent provided in the plan and under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

Appears in 2 contracts

Sources: Employment Agreement (Washington Mutual, Inc), Change in Control Agreement (Washington Mutual, Inc)