Document ID: 16817

Text:
pay or reimburse the Executive for his premiums charged to continue medical coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act ( COBRA), at the same or reasonably equivalent medical coverage under the group medical program available to the Companys employees generally for Executive (and, if applicable, Executives spouse and eligible dependents) as in effect immediately prior to the Separation Date, to the extent that Executive elects such continued coverage; provided that the Companys obligation to make any payment or reimbursement pursuant to this Section 4(b) shall commence with continuation coverage for April 2017 and shall cease with continuation coverage for September 2018 (or, if earlier, shall cease upon the first to occur of Executives death, the date Executive becomes eligible for coverage under the health plan of a future employer, or the date the Company ceases to offer group medical coverage to its active executive employees or the Company is otherwise under no obligation to offer COBRA continuation coverage to Executive). To the extent Executive elects COBRA coverage, he shall notify the Company in writing of such election prior to such coverage taking effect and complete any other continuation coverage enrollment procedures the Company may then have in place. The Companys obligation to pay or reimburse for premiums pursuant to this Section 4(b) does not apply to: (i) any coverage that the Company (or one of its affiliates) is not required to offer Executive pursuant to COBRA; (ii) dental, vision, or other non-medical coverage; and (iii) to any executive-level (or similar) coverage that is not available to the Companys employees generally; and | ---|--- (c)

Named Entities:
16
20
Act
22
22
Act
103
104
EffectiveDate
112
113
EffectiveDate
173
173
Act
185
185
Act
265
265
Act

Tokenized Text:
pay
or
reimburse
the
Executive
for
his
premiums
charged
to
continue
medical
coverage
pursuant
to
the
Consolidated
Omnibus
Budget
Reconciliation
Act
(
COBRA
)
,
at
the
same
or
reasonably
equivalent
medical
coverage
under
the
group
medical
program
available
to
the
Companys
employees
generally
for
Executive
(
and
,
if
applicable
,
Executives
spouse
and
eligible
dependents
)
as
in
effect
immediately
prior
to
the
Separation
Date
,
to
the
extent
that
Executive
elects
such
continued
coverage
;
provided
that
the
Companys
obligation
to
make
any
payment
or
reimbursement
pursuant
to
this
Section
4
(
b
)
shall
commence
with
continuation
coverage
for
April
2017
and
shall
cease
with
continuation
coverage
for
September
2018
(
or
,
if
earlier
,
shall
cease
upon
the
first
to
occur
of
Executives
death
,
the
date
Executive
becomes
eligible
for
coverage
under
the
health
plan
of
a
future
employer
,
or
the
date
the
Company
ceases
to
offer
group
medical
coverage
to
its
active
executive
employees
or
the
Company
is
otherwise
under
no
obligation
to
offer
COBRA
continuation
coverage
to
Executive
)
.
To
the
extent
Executive
elects
COBRA
coverage
,
he
shall
notify
the
Company
in
writing
of
such
election
prior
to
such
coverage
taking
effect
and
complete
any
other
continuation
coverage
enrollment
procedures
the
Company
may
then
have
in
place
.
The
Companys
obligation
to
pay
or
reimburse
for
premiums
pursuant
to
this
Section
4
(
b
)
does
not
apply
to
:
(
i
)
any
coverage
that
the
Company
(
or
one
of
its
affiliates
)
is
not
required
to
offer
Executive
pursuant
to
COBRA
;
(
ii
)
dental
,
vision
,
or
other
non-medical
coverage
;
and
(
iii
)
to
any
executive-level
(
or
similar
)
coverage
that
is
not
available
to
the
Companys
employees
generally
;
and
|
-
-
-
|
-
-
-
(
c
)