Document ID: 11260

Text:
(ii) If Executives employment is terminated by the Company without Cause or as a result of Disability, provided that Executive executes a release in form satisfactory to the Company, the Company shall (a) pay Executive the Accrued Obligations; (b) pay Executive Annual Base Salary for three (3) months to be paid in equal installments on the Companys regular pay dates (subject to applicable withholdings and deductions); and (c) if Executive elects to continue Executives health insurance coverage, as applicable, under the Consolidated Omnibus Budget Reconciliation Act of 1985 , as amended (COBRA), the Company will pay to Executive cash payments equal to the difference between the COBRA continuation coverage premiums and the amount of premiums paid by similarly situated active employees of the Company under the Companys health insurance plans in which Executive and, if applicable, Executives family, was participating immediately prior to the Termination Date until the earlier of (1) the expiration of the six (6) months following the Termination Date, and (2)the date that Executive is eligible to receive substantially equivalent coverage and benefits from a new employer, to be paid in equal installments on the Companys regular pay dates (subject to applicable withholdings and deductions).

Named Entities:
54
58
TerminationDate
99
105
Act
110
110
Act
127
127
Act

Tokenized Text:
(
ii
)
If
Executives
employment
is
terminated
by
the
Company
without
Cause
or
as
a
result
of
Disability
,
provided
that
Executive
executes
a
release
in
form
satisfactory
to
the
Company
,
the
Company
shall
(
a
)
pay
Executive
the
Accrued
Obligations
;
(
b
)
pay
Executive
Annual
Base
Salary
for
three
(
3
)
months
to
be
paid
in
equal
installments
on
the
Companys
regular
pay
dates
(
subject
to
applicable
withholdings
and
deductions
)
;
and
(
c
)
if
Executive
elects
to
continue
Executives
health
insurance
coverage
,
as
applicable
,
under
the
Consolidated
Omnibus
Budget
Reconciliation
Act
of
1985
,
as
amended
(
COBRA
)
,
the
Company
will
pay
to
Executive
cash
payments
equal
to
the
difference
between
the
COBRA
continuation
coverage
premiums
and
the
amount
of
premiums
paid
by
similarly
situated
active
employees
of
the
Company
under
the
Companys
health
insurance
plans
in
which
Executive
and
,
if
applicable
,
Executives
family
,
was
participating
immediately
prior
to
the
Termination
Date
until
the
earlier
of
(
1
)
the
expiration
of
the
six
(
6
)
months
following
the
Termination
Date
,
and
(
2
)
the
date
that
Executive
is
eligible
to
receive
substantially
equivalent
coverage
and
benefits
from
a
new
employer
,
to
be
paid
in
equal
installments
on
the
Companys
regular
pay
dates
(
subject
to
applicable
withholdings
and
deductions
)
.