Common use of Continuation of Insurance Benefits Clause in Contracts

Continuation of Insurance Benefits. Notwithstanding any other provision in this Agreement to the contrary, the Bank and/or its successor shall maintain in full force and effect for Employee's continued benefit, for the two (2) year period beginning upon a Change in Control, all life insurance, medical, health and accident and disability policies, plans, programs or arrangements which were in effect immediately prior to the Change in Control.

Appears in 23 contracts

Samples: Control Agreement (First Litchfield Financial Corp), Control Agreement (First Litchfield Financial Corp), Early Retirement Agreement (First Litchfield Financial Corp)

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Continuation of Insurance Benefits. Notwithstanding any other provision in this Agreement to the contrary, the Bank and/or its successor shall maintain in full force and effect for Employee's continued benefit, for the two six (26) year month period beginning upon a Change in Control, all life insurance, medical, health and accident and disability policies, plans, programs or arrangements which were in effect immediately prior to the Change in Control.

Appears in 5 contracts

Samples: First Litchfield Financial Corp, First Litchfield Financial Corp, First Litchfield Financial Corp

Continuation of Insurance Benefits. Notwithstanding any other provision in this Agreement to the contrary, the Bank Leasing Company, the Bank, and/or its successor shall maintain in full force and effect for Employee's continued benefit, for the two twelve (212) year month period beginning upon a Change in Control, all life insurance, medical, health and accident and disability policies, plans, programs or arrangements which were in effect immediately prior to the Change in Control.

Appears in 1 contract

Samples: First Litchfield Financial Corp

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Continuation of Insurance Benefits. Notwithstanding any other provision in this Agreement to the contrary, the Bank Leasing Company, the Bank, and/or its successor shall maintain in full force and effect for Employee's continued benefit, for the two (2) year period beginning upon a Change in Control, all life insurance, medical, health and accident and disability policies, plans, programs or arrangements which were in effect immediately prior to the Change in Control.

Appears in 1 contract

Samples: First Litchfield Financial Corp

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