McKesson 2005 Annual Report Download - page 191

31. Those for a prescription drug dispensed by a mail order pharmacy.
32. Any other item excluded in the Certificate of Coverage provided by the Insurance Company.
33. Any exclusion above will not apply to the extent that coverage of the charges is required under any law that applies to the coverage.
34. The law of the jurisdiction where a person lives when a claim occurs may prohibit some benefits. If so, they will not be paid.
The COBRA Continuation Coverage described in this Section I. shall apply in regard to an Executive’s or Dependent’s right to continuation
coverage under federal law. The Certificate of Coverage issued by the Insurance Company may provide for additional rights to continuation
coverage under state law.
1. Eligibility for COBRA Continuation Coverage. If an Executive’s or a Dependent’s coverage under the Plan terminates under Section F.
due to a Qualifying Event, such Executive or Dependent shall be eligible for COBRA Continuation Coverage under the Plan pursuant to the
provisions of this Section I. For the purposes of this Section I. “Dependent” includes a child born to, adopted or placed for adoption with a
covered Executive during a period of COBRA Continuation Coverage; thus such a child has equivalent COBRA rights as other Dependents
whose coverage under the Plan was terminated due to a Qualifying Event. An Executive’s “Qualifying Event” is the event which causes the
Executive’s loss of status as an Executive due to termination of employment, retirement or reduction of hours. For purposes of this Section I.,
the “Qualifying Event” for an Executive on an unpaid leave covered by the federal Family and Medical Leave Act shall be deemed to occur at
the end of such leave or, if earlier, on the date the Executive notifies the Company that he will not return to employment following such leave.
A “Qualifying Event” of a covered Dependent of an Executive is one of the following events:
a. The Qualifying Event of the Executive; or
b. The death of the Executive; or
c. The divorce or legal separation of the Executive from the Executive’s Spouse, or termination of Domestic Partnership; or
d. The loss of status as a Dependent for any reason, including age, marriage, cessation of disability, or cessation of financial dependence
on the Executive.
COBRA Continuation Coverage is not available to any individual who was not a Executive or covered Dependent immediately before the
Qualifying Event, except as provided in Section I.2.b. below.
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I. COBRA CONTINUATION COVERAGE