Common use of Automobile Allowance; Life Insurance Coverage Clause in Contracts

Automobile Allowance; Life Insurance Coverage. (i) A continuance of his automobile allowance at one hundred percent (100%) of his then current rate of automobile allowance through the end of the Severance Period; and (ii) A continuance of his life insurance coverage at one hundred percent (100%) of his then current rate of life insurance coverage through the end of the Severance Period, but only to the extent such continued coverage is permitted by the insurance carrier providing benefits to similarly situated active employees and can be obtained by the Company at the same cost the Company would incur for such coverage but for the Involuntary Termination of the Executive or the Resignation for Good Reason. The Company disclaims any liability for disputes relating to the Executive's entitlement to such insurance coverage, with it being understood and agreed that the underlying insurance policies shall govern all issues relating to such insurance coverage.