Common use of Group Life and Disability Insurance Clause in Contracts

Group Life and Disability Insurance. If and to the extent that: (i) the Company's plans in effect from time to time permit such coverage and Executive has elected and is participating in such coverage as of the date of Executive’s termination from employment; and (ii) it is permitted under Code Section 409A, the Company shall continue to provide Executive with group life and disability insurance coverage for the applicable Payout Period described above in (a) following termination at coverage levels and rates equal to those applicable to Executive immediately prior to such termination or, if different, as offered to other executive level employees during such applicable period.

Appears in 8 contracts

Samples: Employment Agreement (Delta Apparel, Inc), Employment Agreement (Delta Apparel, Inc), Employment Agreement (Delta Apparel, Inc)

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