Common use of Health Benefits Coverage Clause in Contracts

Health Benefits Coverage. If you are entitled to receive a Severance Payment under Section 3.1, you will also be entitled to receive health benefits coverage for you and your dependents under the same plan(s) or arrangement(s) under which you were covered immediately before your termination of employment or plan(s) established or arrangement(s) provided by the Company or any of its Subsidiaries thereafter. Such health benefits coverage shall be paid for by the Company to the same extent as if you were still employed by the Company, and you will be required to make such payments as you would be required to make if you were still employed by the Company. The benefits provided under this Section 3.5 shall continue until the earlier of (a) the expiration of [two and one-half (2-1/2) years for ▇▇. ▇▇▇▇▇▇] [one (1) year for ▇▇. ▇▇▇▇▇] following the date of your termination of employment, or (b) the date you become covered under any other group health plan not maintained by the Company or any of its Subsidiaries; provided, however, that if such other group health plan excludes any pre-existing condition that you or your dependents may have when coverage under such group health plan would otherwise begin, coverage under this Section 3.5 shall continue (subject to the [two and one-half (2-1/2) for ▇▇. ▇▇▇▇▇▇] [one (1) year for ▇▇. ▇▇▇▇▇] limitation of clause (a) of this sentence) with respect to such pre-existing condition until such exclusion under such other group health plan lapses or expires. In the event you are required to make an election under Sections 601 through 607 of ERISA (commonly known as COBRA) to qualify for the benefits described in this Section 3.5, the obligations of the Company and its Subsidiaries under this Section 3.5 shall be conditioned upon your timely making such an election.

Health Benefits Coverage. If you are entitled to receive a Severance Payment under Section 3.1, you will also be entitled to receive health benefits coverage for you and your dependents under the same plan(s) or arrangement(s) under which you were covered immediately before your termination of employment or plan(s) established or arrangement(s) provided by the Company or any of its Subsidiaries thereafter. Such health benefits coverage shall be paid for by the Company to the same extent as if you were still employed by the Company, and you will be required to make such payments as you would be required to make if you were still employed by the Company. The benefits provided under this Section 3.5 shall continue until the earlier of (a) the expiration of [two and one-half three (2-1/23) years for ▇▇. ▇▇▇▇▇▇] [one (1) year for ▇▇. ▇▇▇▇▇] following the date of your termination of employment, or (b) the date you become covered under any other group health plan not maintained by the Company or any of its Subsidiaries; provided, however, that if such other group health plan excludes any pre-existing condition that you or your dependents may have when coverage under such group health plan would otherwise begin, coverage under this Section 3.5 shall continue (subject to the [two and one-half three (2-1/2) for ▇▇. ▇▇▇▇▇▇] [one (13) year for ▇▇. ▇▇▇▇▇] limitation of clause (a) of this sentence) with respect to such pre-existing condition until such exclusion under such other group health plan lapses or expires. In the event you are required to make an election under Sections 601 through 607 of ERISA (commonly known as COBRA) to qualify for the benefits described in this Section 3.5, the obligations of the Company and its Subsidiaries under this Section 3.5 shall be conditioned upon your timely making such an election.