Document ID: 16129

Text:
immediately following the month in which Employee timely remits the Monthly Premium Payment. Employee shall be eligible to receive such reimbursement payments until the earlier of: (x)the date Employee is no longer eligible to receive COBRA continuation coverage, (y)the date on which Employee becomes eligible to receive coverage under a group health plan sponsored by another employer (and any such eligibility shall be promptly reported to the Company by Employee) and (z)eighteen months following the Termination Date; provided, however, that Employee acknowledges and agrees that (1)the election of COBRA continuation coverage and the payment of any premiums due with respect to such COBRA continuation coverage shall remain Employees sole responsibility, and the Company shall assume no obligation for payment of any such premiums relating to such COBRA continuation coverage, (2)in no event shall the Company be required to pay a Monthly Reimbursement Amount if such payment could reasonably be expected to subject the Company to sanctions imposed pursuant to Section2716 of the Patient Protection and Affordable Care Act of 2010 and the related regulations and guidance promulgated thereunder (collectively, the PPACA) and (3)if payment of a Monthly Reimbursement Amount cannot be provided to Employee without subjecting the Company to sanctions imposed pursuant to Section2716 of the PPACA or otherwise causing the Company to incur a penalty, tax or other adverse impact on the Company, then the Company and Employee shall negotiate in good faith to determine an alternative manner in which the Company may provide a substantially equivalent benefit to Employee without such adverse impact on the Company.

Named Entities:
40
40
Act
108
108
Act
122
122
Act
147
147
Act
187
194
Act
207
207
Act

Tokenized Text:
immediately
following
the
month
in
which
Employee
timely
remits
the
Monthly
Premium
Payment
.
Employee
shall
be
eligible
to
receive
such
reimbursement
payments
until
the
earlier
of
:
(
x
)
the
date
Employee
is
no
longer
eligible
to
receive
COBRA
continuation
coverage
,
(
y
)
the
date
on
which
Employee
becomes
eligible
to
receive
coverage
under
a
group
health
plan
sponsored
by
another
employer
(
and
any
such
eligibility
shall
be
promptly
reported
to
the
Company
by
Employee
)
and
(
z
)
eighteen
months
following
the
Termination
Date
;
provided
,
however
,
that
Employee
acknowledges
and
agrees
that
(
1
)
the
election
of
COBRA
continuation
coverage
and
the
payment
of
any
premiums
due
with
respect
to
such
COBRA
continuation
coverage
shall
remain
Employees
sole
responsibility
,
and
the
Company
shall
assume
no
obligation
for
payment
of
any
such
premiums
relating
to
such
COBRA
continuation
coverage
,
(
2
)
in
no
event
shall
the
Company
be
required
to
pay
a
Monthly
Reimbursement
Amount
if
such
payment
could
reasonably
be
expected
to
subject
the
Company
to
sanctions
imposed
pursuant
to
Section2716
of
the
Patient
Protection
and
Affordable
Care
Act
of
2010
and
the
related
regulations
and
guidance
promulgated
thereunder
(
collectively
,
the
PPACA
)
and
(
3
)
if
payment
of
a
Monthly
Reimbursement
Amount
cannot
be
provided
to
Employee
without
subjecting
the
Company
to
sanctions
imposed
pursuant
to
Section2716
of
the
PPACA
or
otherwise
causing
the
Company
to
incur
a
penalty
,
tax
or
other
adverse
impact
on
the
Company
,
then
the
Company
and
Employee
shall
negotiate
in
good
faith
to
determine
an
alternative
manner
in
which
the
Company
may
provide
a
substantially
equivalent
benefit
to
Employee
without
such
adverse
impact
on
the
Company
.