Covered COBRA Premiums

Covered COBRA Premiums. Means (a) for former PCMC employees other than Marion L. Carpenter, Ted S. Lodge, Charles E. Page and Jackie D. Paris, 77.0% of applicable COBRA Premiums, and (b) for Marion L. Carpenter, 0.0% of applicable COBRA Premiums, (c) for Ted S. Lodge, 100.0% of applicable COBRA Premiums up to an aggregate $21,600, and (d) for Charles E. Page and Jackie D. Paris, 100.0% of applicable COBRA Premiums.