Document ID: 11913

Text:
provided that Executive or his spouse or dependents elect continuation coverage under a group health plan of the Company pursuant to the requirements of Section 4980B of the Code, as amended, and any similar applicable law, ( COBRA ), continued participation in the Companys medical and dental plans with monthly premiums to be paid by the Company until the earlier of (A) Executives eligibility for coverage under another employers group health plan, (B) termination of Executives or his spouses or dependents rights to continuation coverage under COBRA , or (C) fifteen (15) months following the termination of Executives employment with the Company. Executive agrees and acknowledges that the period of coverage under such plans shall run concurrently with such plans obligations to provide continuation coverage pursuant to COBRA , and that this subsection shall not limit such plans obligations to provide continuation coverage under COBRA .

Named Entities:
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25
Regulation
40
40
Act
95
95
Act
141
141
Act
158
158
Act

Tokenized Text:
provided
that
Executive
or
his
spouse
or
dependents
elect
continuation
coverage
under
a
group
health
plan
of
the
Company
pursuant
to
the
requirements
of
Section
4980B
of
the
Code
,
as
amended
,
and
any
similar
applicable
law
,
(
COBRA
)
,
continued
participation
in
the
Companys
medical
and
dental
plans
with
monthly
premiums
to
be
paid
by
the
Company
until
the
earlier
of
(
A
)
Executives
eligibility
for
coverage
under
another
employers
group
health
plan
,
(
B
)
termination
of
Executives
or
his
spouses
or
dependents
rights
to
continuation
coverage
under
COBRA
,
or
(
C
)
fifteen
(
15
)
months
following
the
termination
of
Executives
employment
with
the
Company
.
Executive
agrees
and
acknowledges
that
the
period
of
coverage
under
such
plans
shall
run
concurrently
with
such
plans
obligations
to
provide
continuation
coverage
pursuant
to
COBRA
,
and
that
this
subsection
shall
not
limit
such
plans
obligations
to
provide
continuation
coverage
under
COBRA
.