Common use of Health Coverage Continuation Clause in Contracts

Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Brad▇▇▇) ▇▇ll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Brad▇▇▇) ▇▇ll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Brad▇▇▇) ▇▇ such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Brad▇▇▇) ▇▇r medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage Cost"). The coverage to be provided to you pursuant to the foregoing provisions of this Section 3 shall be the coverage that is provided from time to time to similarly situated active employees of the Company or, if no such coverage is provided, such coverage as can be purchased from an insurance company that is comparable to the medical coverage last provided to similarly situated active employees of the Company. If, in any event, the cost of the post-termination coverage exceeds the Maximum Coverage Cost, the Company (or, after the Merger, Brad▇▇▇) ▇▇all be required to contribute to the cost of such coverage an amount equal to the Maximum Coverage Cost.

Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Brad▇▇▇) ▇▇ll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Brad▇▇▇) ▇▇ll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Brad▇▇▇) ▇▇ such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Brad▇▇▇) ▇▇r medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage Cost"). The coverage to be provided to you pursuant to the foregoing provisions of this Section 3 shall be the coverage that is provided from time to time to similarly situated active employees of the Company or, if no such coverage is provided, such coverage as can be purchased from an insurance company that is comparable to the medical coverage last provided to similarly situated active employees of the Company. If, in any event, the cost of the post-termination coverage exceeds the Maximum Coverage Cost, the Company (or, after the Merger, Brad▇▇▇) ▇▇all be required to contribute to the cost of such coverage an amount equal to the Maximum Coverage Cost.. The medical coverage provided pursuant to this Section 3 will terminate, subject to any rights you and your dependents have to continue the coverage under

Health Coverage Continuation. For the first 12 months following your Covered Termination, the Company (or, after the Merger, Brad▇▇▇) ▇▇ll provide medical coverage to you and your dependents at its expense; provided, however, that the Company (or, after the Merger, Brad▇▇▇) ▇▇ll only be required to provide such coverage to the extent that the cost to the Company (or, after the Merger, Brad▇▇▇) ▇▇ such coverage is not more than 200% of the premium incurred by the Company (or, after the Merger, Brad▇▇▇) ▇▇r medical coverage for you and your dependents immediately prior to your termination of employment (the "Maximum Coverage Cost"). The coverage to be provided to you pursuant to the foregoing provisions of this Section 3 shall be the coverage that is provided from time to time to similarly situated active employees of the Company or, if no such coverage is provided, such coverage as can be purchased from an insurance company that is comparable to the medical coverage last provided to similarly situated active employees of the Company. If, in any event, the cost of the post-termination coverage exceeds the Maximum Coverage Cost, the Company (or, after the Merger, Brad▇▇▇) ▇▇all be required to contribute to the cost of such coverage an amount equal to the Maximum Coverage Cost. The medical coverage provided pursuant to this Section 3 will terminate, subject to any rights you and your dependents have to continue the coverage under applicable law, if, during the 12-month continuation period, you become covered under another employer's group medical plan without application of any pre-existing condition limitations or other limitations on coverage. This coverage is in addition to any coverage to which you may be entitled under applicable laws relating to continuation of medical coverage.