Common use of Continued Group Health Insurance Coverage Clause in Contracts

Continued Group Health Insurance Coverage. Executive (and any qualified dependents, including Executive’s spouse) shall be entitled to group health insurance coverage. Such coverage shall be provided under the health insurance plan in which the “named executive officers” (as defined in 17 C.F.R. 229.402(a)(3), as amended) of the Company and the Bank (including the named executive officers of any successor to the Company and/or the Bank) participate (as such plan is then in effect and as it may be modified, replaced or substituted at any time and from time to time during the period of coverage contemplated in this Section 6(g)), to the same extent as Executive was participating in such health insurance plan immediately prior to termination, at the Executive’s cost, which cost shall be equal to the amount paid by the Executive for health insurance coverage immediately prior to the Executive’s termination.

Appears in 3 contracts

Samples: Employment Agreement (BankFinancial CORP), Employment Agreement (BankFinancial CORP), Employment Agreement (BankFinancial CORP)

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Continued Group Health Insurance Coverage. Executive (and any qualified dependents, including Executive’s spouse) shall be entitled to group health insurance coverage. Such coverage shall be provided under the health insurance plan in which the “named executive officers” (as defined in 17 C.F.R. 229.402(a)(3), as amended) of the Company and the Bank (including the named executive officers of any successor to the Company and/or the Bank) participate (as such plan is then in effect and as it may be modified, replaced or substituted at any time and from time to time during the period of coverage contemplated in this Section 6(g)), to the same extent as Executive was participating in such health insurance plan immediately prior to termination, at the Executive’s cost, which cost shall be equal to the amount paid by the Executive for health insurance coverage immediately prior to the Executive’s termination.

Appears in 2 contracts

Samples: Employment Agreement (BankFinancial CORP), Employment Agreement (BankFinancial CORP)

Continued Group Health Insurance Coverage. Executive (and any qualified dependents, including Executive’s spouse) shall be entitled to group health insurance coverage. Such coverage shall be provided under the health insurance plan in which the “named executive officers” (as defined in 17 C.F.R. 229.402(a)(3), as amended) of Bank and the Company and the Bank (including the named executive officers of any successor to the Company and/or the Bank) participate (as such plan is then in effect and as it may be modified, replaced or substituted at any time and from time to time during the period of coverage contemplated in this Section 6(g)), to the same extent as Executive was participating in such health insurance plan immediately prior to termination, at the Executive’s cost, which cost shall be equal to the amount paid by the Executive for health insurance coverage immediately prior to the Executive’s termination.

Appears in 1 contract

Samples: Employment Agreement (BankFinancial CORP)

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Continued Group Health Insurance Coverage. Executive (and any qualified dependents, including Executive’s spouse) shall be entitled to group health insurance coverage. Such coverage shall be provided under the health insurance plan in which the “named executive officers” (as defined in 17 C.F.R. 229.402(a)(3), as amended) of the Company Bank and the Bank Company (including the named executive officers of any successor to the Company and/or the Bank) participate (as such plan is then in effect and as it may be modified, replaced or substituted at any time and from time to time during the period of coverage contemplated in this Section 6(g)), to the same extent as Executive was participating in such health insurance plan immediately prior to termination, at the Executive’s cost, which cost shall be equal to the amount paid by the Executive for health insurance coverage immediately prior to the Executive’s termination.

Appears in 1 contract

Samples: Employment Agreement (BankFinancial CORP)

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