Common use of Continuation of Premiums for Life Insurance Clause in Contracts

Continuation of Premiums for Life Insurance. During the ------------------------------------------- Continuation Period, the Company will continue to contribute on behalf of the Executive the portion of the cost of life insurance premiums paid by the Company on behalf of the Executive as of the Termination Date and will continue to cover the Executive under the Company's life insurance plans to the maximum extent the Executive was covered thereunder during the one year period prior to the Termination Date.

Appears in 6 contracts

Samples: Income Continuation Agreement (Innovasive Devices Inc), Income Continuation Agreement (Innovasive Devices Inc), Income Continuation Agreement (Innovasive Devices Inc)

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