Health Care

Health Care. The Company shall provide the following health care benefits to the Executive: a. if the Executive shall elect to continue medical coverage under the Company's group health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), the Company shall pay the difference between the applicable premium for COBRA continuation coverage and the active employee monthly premium cost until the earliest of: (a) the date on which the Executive is eligible to... participate in another medical plan, (b) the first day of the month for which the Executive fails timely to remit the Executive's portion of the premium, or (c) the end of the Severance Period. Executive shall be responsible for the timely and proper election of COBRA continuation coverage for Executive and Executive's eligible dependents. Executive will be billed monthly for the continued medical coverage under COBRA and the Executive's failure timely to pay Executive's portion of the COBRA premium shall terminate the COBRA coverage and the Company's obligations under this Section 4.2(a). View More