Common use of Continuation of Coverages Clause in Contracts

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 termination for disability. Such coverages shall cease upon the earlier of: (i) Employee's full time employment by another financial institution; (ii) one (1) year after the date of such 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)

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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 termination for separation from service on account of disability. Such coverages shall cease upon the earlier of: (i) Employee's full time employment by another financial institutionemployer; (ii) one (1) year after the date of such termination 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 termination for disability. Such coverages shall cease upon the earlier of: (i) Employee's full time employment by another financial institution; ; (ii) one (1) year after the date of such termination (with the exception of disability insurance coverage); or or (iii) the date of Employee's death.

Appears in 3 contracts

Samples: Employment Agreement (Florida Business Bancgroup Inc), Employment Agreement (Coast Financial Holdings Inc), Employment Agreement (Jacksonville Bancorp Inc /Fl/)

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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 termination for disability. Such coverages shall cease upon the earlier of: (i) Employee's full time employment by another financial institutionemployer; (ii) one (1) year after the date of such 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/)

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