Continued Health Insurance Coverage. Provided Executive timely elects COBRA continuation coverage, the Company will pay the COBRA premiums to continue and maintain health care coverage for Executive and any dependents who are covered at the time of the Executive’s termination of employment under the Company’s group health plans. The Company will make such payments until the earliest of: (i) 12 months following the Qualifying Termination date; (ii) the date when Executive becomes eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment; or (iii) the date Executive ceases to be eligible for COBRA continuation coverage for any reason. Notwithstanding the foregoing, if the Company determines in its sole discretion that it cannot pay the COBRA premiums without potentially incurring financial costs or penalties under applicable law, the Company may pay Executive a taxable cash payment equal to the amount that the Company would have otherwise paid for COBRA premiums (based on the premium for the first month of coverage), which payment will be made regardless of whether Executive or Executive’s eligible dependents elect COBRA continuation coverage and will be paid in monthly installments on the same schedule and over the same time period that the COBRA premiums would otherwise have been paid on behalf of Executive.

Continued Health Insurance Coverage. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s then-current group health insurance policies, Employee may be eligible to continue Employee’s then-current group health insurance benefits after termination of Employment. If eligible and if Employee timely elects continued health insurance coverage, in the event the Company terminates Employee’s employment without Cause, or Employee resigns with Good Reason, other than in anticipation of, or on or within twenty-four (24) months after, a Change in Control then the Company shall pay, on a monthly basis, the Company’s portion of any premiums necessary to provide such coverage for a period of twelve (12) months after the Employee’s Separation Date; provided, however, that no such premium payments shall be made following the effective date of Employee’s coverage by a medical, dental or vision insurance plan of a subsequent employer. Employee shall notify the Company immediately if he becomes covered by a medical, dental or vision insurance plan of a subsequent employer. Notwithstanding the foregoing, in the event the Company terminates Employee’s employment without Cause, or Employee resigns with Good Reason, in anticipation of, or within twenty-four (24) months on or after, a Change in Control, then (if eligible and coverage elected) the Company shall pay, on a monthly basis, the Company’s portion of any premiums necessary to provide such coverage for a period of twenty-four (24) months after the Employee’s Separation Date or, if earlier, until the termination of Employee’s eligibility for such COBRA or, if applicable, state insurance laws, coverage; provided, however, that no such premium payments shall be made following the effective date of Employee’s coverage by a medical, dental or vision insurance plan of a subsequent employer and Employee agrees to immediately notify the Company of any such coverage. In the event Employee is entitled to receive such coverage for a period of twenty-four (24) months after the Employee’s Separation Date but Employee’s right to such COBRA or, if applicable, state insurance laws, coverage expires in the ordinary course (and other than in connection with Employee’s coverage by a medical, dental or vision insurance plan of a subsequent employer or as the result of any action or inaction of Employee, such as but not limited to Employee’s failure to pay Employee’s portion of the premiums), then, the Company shall pay, o...

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Continued Health Insurance Coverage. Until the second anniversary of the Termination Date, the Company shall, at its expense, provide Executive with medical and dental insurance at the highest level provided to Executive during the period beginning immediately prior to the Change in Control and ending on the Termination Date; provided, however, that if Executive becomes employed by a new employer, the coverages provided by the Company pursuant to this sentence shall become secondary to those coverages provided by the new employer. In addition, Executive will be entitled to full COBRA continuation coverage commencing on the second anniversary of the Termination Date.

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Continued Health Insurance Coverage. (i) If the Executive experiences a Qualifying Termination, subject to the Executive’s timely election and continued eligibility for continuation of coverage under COBRA, the Bank shall continue the medical and dental insurance coverages of the Executive and Executive’s dependents, as well as vision and prescription drug coverages (if any) at no cost to the Executive for a period of twelve (12) months following the date of the Executive’s Qualifying Termination; provided, however, that, if such continued coverage (A) is not permitted under the terms of the applicable benefit plan or program for all or any portion of such period, or (B) would result in the imposition of additional taxes or penalties on the Executive or the Bank (including, without limitation, under Section 105(h) of the Code), or (C) would otherwise violate any applicable law, then the Bank shall instead pay the Executive an additional cash amount per month during the period when such continuation would be so prohibited or subject to additional taxes or penalties, in an amount equal to the total COBRA premium that would have been required to so continue the Executive’s (and the Executive’s dependents’) participation in such medical, dental, vision, and prescription drug programs. In the event the Executive becomes re-employed with another employer during such 12 month period and becomes eligible to receive medical, dental, vision and prescription drug coverages from such employer that are substantially equivalent to the benefits provided under this Section, the Bank’s obligation to provide the applicable benefits or payments described herein shall terminate. (ii) Notwithstanding anything to the contrary herein, the foregoing provisions are intended to provide a minimum standard for provision of health insurance benefits for the Executive following a Qualifying Termination and, accordingly, such provisions shall supplement, but shall not replace or supersede, any additional or more generous health insurance benefits the Bank, or the Parent, as the case may be, is otherwise required to provide under any other contract, plan or arrangement, or under applicable law.

Continued Health Insurance Coverage. If, during the Protection Period, the Executive's employment with the Bank terminates pursuant to a Qualifying Termination, for a period of twelve (12) months following the Date of Termination, the Bank shall continue to provide to the Executive (and the Executive's dependents, if applicable), at the Bank’s sole expense, the same level of medical insurance benefits upon substantially the same terms and conditions (including contributions required by the Executive, if any, for such benefits) as existed immediately prior to the Executive's Date of Termination (or, if more favorable to the Executive, as such benefits and terms and conditions existed immediately prior to the Change in Control); provided, however, that if the Executive is not eligible to continue to participate in the Bank or Parent plan providing such benefits, the Bank or Parent shall otherwise pay for and provide equivalent medical insurance coverage. Notwithstanding the foregoing, in the event the Executive becomes re-employed with another employer and becomes eligible to receive medical insurance benefits from such employer that are substantially equivalent to the benefits provided under this Section, the medical insurance benefits described herein shall terminate. Notwithstanding anything to the contrary herein, the foregoing provisions are intended to provide a minimum standard for provision of health insurance benefits for the Executive following a Qualifying Termination and, accordingly, such provisions shall supplement, but shall not replace or supersede, any additional or more generous health insurance benefits the Company or the Bank, as the case may be, is otherwise required to provide under any other contract, plan or arrangement, or under applicable law.

Continued Health Insurance Coverage. During the Severance Period, the Company shall continue the benefits to Executive and/or Executive’s spouse and eligible dependents at least equal to those that would have been provided to them in accordance with the plans, programs, practices and policies described in Section 1.3 of this Agreement (excluding any savings and/or retirement plans) if Executive’s employment had not been terminated; provided, however, that (a) Executive shall reimburse the Company for Executive’s “employee portion contribution” for such benefits during the Severance Period; and (b) if Executive becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan during the Severance Period, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. If and to the extent such continuing benefit coverage is not permitted by the applicable plan or law, the Company shall reimburse expenses actually incurred by Executive during the Severance Period to obtain similar coverage but only to the extent Executive’s requested reimbursement does not exceed the premiums and other expenses, if any, the Company would pay to continue Executive’s coverage during such Severance Period under the Company’s medical plan in which Executive was enrolled as of the Separation Date.

Continued Health Insurance Coverage. To the extent provided by the federal continuation of coverage law or, if applicable, state laws of similar effect (collectively, “COBRA”), and by the Company’s then-current group health insurance policies, Executive may be eligible to continue Executive’s then-current group health insurance benefits after the termination of his employment. If Executive timely elects such COBRA coverage for himself and/or his eligible dependents, and provided Executive continues to pay the portion of the premiums then-paid by active employees for similar coverage, then the Company shall pay the remaining portion of the COBRA premiums for the first six (6) months of such coverage, or until such earlier date on which Executive and/or his eligible dependents cease to be eligible for COBRA coverage. Executive shall notify the Company immediately if he and/or his eligible dependents become covered by a medical, dental or vision insurance plan of a subsequent employer or otherwise cease to be eligible for COBRA coverage.

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