(a) In general For purposes of this part- (1) Election period The term "election period" means the period which- (A) begins not later than the date on which coverage terminates under the plan by reason of a qualifying event, (B) is of at least 60 days' duration, and (C) ends not earlier than 60 days after the later of- (i) the date described in subparagraph (A), or (ii) in the case of any qualified beneficiary who receives notice under section 1166(4) 1 of this title, the date of such notice. (2)