Common use of Health Benefits Coverage Clause in Contracts

Health Benefits Coverage. Employee shall be eligible to continue any medical, dental, and vision benefits provided under an ExpressJet-sponsored benefit plan for Employee and any eligible spouse or domestic partner and any eligible dependents under the terms of the applicable benefit program to the extent such individuals were actually enrolled for such benefit coverage on the day immediately prior to Employee’s last day worked for a total period of eighteen (18) months beginning on the day immediately following the Resignation Date ("Health Benefits Coverage"). Employee contribution amounts shall be equal to the then-current contribution amounts for active employees with like coverage. Active employee rates are subject to change during such 18-month period to the extent that such rates change for other employees of ExpressJet. In addition, ExpressJet reserves the right to change, amend, and modify the terms of its plans and benefits, including the plans pertaining to this Health Benefits Coverage. Health Benefits Coverage shall depend upon Employee’s timely payment of all required employee contributions. The Health Benefits Coverage described in this Section 2b shall be offered solely as an alternative to any COBRA continuation coverage applicable to any group health plan sponsored by ExpressJet that is otherwise available to Employee. As required by Federal law, Employee will also be offered COBRA continuation coverage at termination of employment; however, the employee contribution amount for COBRA continuation coverage will be at the then-current COBRA contribution amount. If Employee does not timely elect COBRA continuation coverage, then Employee will be deemed to have elected Health Benefits Coverage.

Appears in 2 contracts

Sources: Severance Agreement (Expressjet Holdings Inc), Severance Agreement (Expressjet Holdings Inc)