Continuation of Coverages. During any period of illness or disability, the Bank will continue any other life, health and disability coverages for Employee substantially identical to the coverages maintained prior to Employee's separation from service on account of disability. Such coverages shall cease upon the earlier of: (i) Employee's full time employment by another employer; (ii) one (1) year after the date of such separation (with the exception of disability insurance coverage); or (iii) the date of Employee's death.
Appears in 6 contracts
Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/), Employment Agreement (Jacksonville Bancorp Inc /Fl/), Employment Agreement (Jacksonville Bancorp Inc /Fl/)
Continuation of Coverages. During any period of illness or disability, the Bank will continue any other life, health and disability coverages for Employee substantially identical to the coverages maintained prior to Employee's separation from service on account of termination for disability. Such coverages shall cease upon the earlier of:
(i) Employee's full time employment by another employerfinancial institution;
(ii) one (1) year after the date of such separation termination (with the exception of disability insurance coverage); or
(iii) the date of Employee's death.
Appears in 6 contracts
Samples: Employment Agreement (PSB Bancgroup Inc), Employment Agreement (PSB Bancgroup Inc), Employment Agreement (PSB Bancgroup Inc)
Continuation of Coverages. During any period of illness or disability, the Bank will continue any other life, health and disability coverages for Employee substantially identical to the coverages maintained prior to Employee's separation from service on account of termination for disability. Such coverages shall cease upon the earlier of:
(i) Employee's full time employment by another employer;
financial institution; (ii) one (1) year after the date of such separation termination (with the exception of disability insurance coverage); or
or (iii) the date of Employee's death.
Appears in 3 contracts
Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/), Employment Agreement (Coast Financial Holdings Inc), Employment Agreement (Florida Business Bancgroup Inc)
Continuation of Coverages. During any period of illness or disability, the Bank will continue any other life, health and disability coverages for Employee substantially identical to the coverages maintained prior to Employee's separation from service on account of termination for disability. Such coverages shall cease upon the earlier of:
(i) Employee's full time employment by another employer;
(ii) one (1) year after the date of such separation termination (with the exception of disability insurance coverage); or
(iii) the date of Employee's death.
Appears in 1 contract
Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/)