Common use of Benefits Payable Upon Disability or Death Clause in Contracts

Benefits Payable Upon Disability or Death. The Bank shall, at all times, maintain in effect disability and death benefits insurance for the benefit of the Executive in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Bank for all officers and employees. Provided that the Bank may increase but never decrease the benefits which the Executive and/or the Executive's heirs would be entitled to thereunder.

Benefits Payable Upon Disability or Death. The Bank shall, at all times, maintain in effect disability and death benefits insurance for the benefit of the Executive in an amount at least equal to that maintained for executives of similar rank and which will not be less than that maintained by the Bank Bank, for all officers and employees. Provided ; provided that the Bank may increase but never decrease the benefits to which the Executive and/or the Executive's ’s heirs would be entitled to thereunderthereunder may never decrease.