Common use of Group Insurance Benefits Clause in Contracts

Group Insurance Benefits. During the Term, the Bank, at Bank’s expense, shall provide for Executive all such group insurance benefits as the Bank provides to its most senior executives from time to time. Any additional coverage may be obtained by Executive at Executive’s expense. Additionally, the Bank shall, at its expense, provide Executive with a group life insurance policy, payable to a beneficiary of Executive’s choice, in an amount that is available under the group insurance benefits program.