Common use of CERTAIN INSURANCE BENEFITS Clause in Contracts

CERTAIN INSURANCE BENEFITS. (i) In the event of the termination of Executive’s employment under this Agreement due to the retirement of the Executive at or after the attainment of age sixty-two (62), the Employer shall continue to provide the following benefits to the Executive, at the expense of the Employer, until the Executive’s death: (A) continuing coverage for the Executive and Executive’s Spouse under Employer’s health, medical, hospitalization and life insurance programs (including dental, vision and prescription drug coverage, if provided immediately prior to the termination); and (B) long term care insurance in accordance with paragraph (f) (LONG TERM CARE INSURANCE) of Section 3 above including making all required payments relating to such insurance coverage.

Appears in 4 contracts

Samples: Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc)

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CERTAIN INSURANCE BENEFITS. (i) In the event of the termination of Executive’s employment under this Agreement due to the retirement of the Executive at or after the attainment of age sixty-two (62), the Employer shall continue to provide the following benefits to the Executive, at the expense of the Employer, until the Executive’s death: (A) continuing coverage for the Executive and Executive’s Spouse under Employer’s health, medical, hospitalization and life insurance programs (including dental, vision and prescription drug coverage, if provided immediately prior to the termination); and (B) long term care insurance in accordance with paragraph (f) (LONG TERM CARE INSURANCE) of Section 3 above including making all required payments relating to such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (West Suburban Bancorp Inc)

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CERTAIN INSURANCE BENEFITS. (i) In the event of the termination of Executive’s employment under this Agreement due to the retirement of the Executive at or after the attainment of age sixty-two (62), the Employer shall continue to provide the following benefits to the Executive, at the expense of the Employer, until the Executive’s death: (A) continuing coverage for the Executive and Executive’s Spouse under Employer’s health, medical, hospitalization and life insurance programs (including dental, vision and prescription drug coverage, if provided immediately prior to the termination); and (B) long term care insurance in accordance with paragraph (fe) (LONG TERM CARE INSURANCE) of Section 3 above including making all required payments relating to such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (West Suburban Bancorp Inc)

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