Document ID: 10146

Text:
5.2 COBRA Severance. A lump sum cash amount equal to the product of 12 months, multiplied by the monthly premium pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 , as amended ( COBRA ), that Executive would be required to pay to continue the group health coverage in effect on the Date of Termination for Executive and any of Executives eligible dependents (which amount will be based on the premium for the first month of COBRA coverage).

Named Entities:
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Tokenized Text:
5
.
2
COBRA
Severance
.
A
lump
sum
cash
amount
equal
to
the
product
of
12
months
,
multiplied
by
the
monthly
premium
pursuant
to
the
Consolidated
Omnibus
Budget
Reconciliation
Act
of
1985
,
as
amended
(
COBRA
)
,
that
Executive
would
be
required
to
pay
to
continue
the
group
health
coverage
in
effect
on
the
Date
of
Termination
for
Executive
and
any
of
Executives
eligible
dependents
(
which
amount
will
be
based
on
the
premium
for
the
first
month
of
COBRA
coverage
)
.