Common use of Group Medical and Life Insurance Benefits Clause in Contracts

Group Medical and Life Insurance Benefits. The Company shall provide for Executive, at Company’s expense, participation in the Company’s existing medical, dental, vision, accident, health and life insurance benefits in accordance with benefits provided to Company employees generally, but at a level commensurate with other officers of the Company. The Company’s liability to Executive for any breach of this Paragraph D.2 shall be limited to the amount of premiums required hereunder to be payable by the Company to obtain or maintain, as applicable, the coverages contemplated herein.

Appears in 2 contracts

Samples: Employment Agreement (Mission Community Bancorp), Employment Agreement (Mission Community Bancorp)

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Group Medical and Life Insurance Benefits. The Company shall provide for Executive, at the Company’s expense, participation in the Company’s existing medical, dental, vision, accident, group health and life insurance benefits in accordance with benefits provided the Company’s Personnel Policy as in effect from time to Company employees generally, but at a level commensurate with other officers time. Said coverage shall be in existence or shall take effect as of the CompanyEffective Date hereof and shall continue throughout the Term. The CompanyProvision of the insurance is subject to Executive’s liability to Executive passing the necessary physical examinations for any breach of this Paragraph D.2 shall be limited to the amount of premiums required hereunder to be payable by the Company to obtain or maintainqualification, as applicable, the coverages contemplated hereinif any.

Appears in 1 contract

Samples: Employment Agreement (1st Centennial Bancorp)

Group Medical and Life Insurance Benefits. The During the Term the Company shall provide for Executive, at Company’s 's expense, participation in the Company’s existing medical, dental, visionaccident and health, accident, health income continuation and life insurance benefits in accordance with to the same extent that such benefits provided are available to Company other executives and eligible employees generally, but at a level commensurate with other officers of the Company. The Company’s liability Dependent coverage may be subject to Executive for any breach of this Paragraph D.2 contributions. Nothing herein shall be limited to the amount of premiums required hereunder to be payable by imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to obtain or maintain, as applicable, the coverages contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

Group Medical and Life Insurance Benefits. The During the Term the Company shall provide for Executive, at Company’s expense, participation in the Company’s existing medical, dental, visionaccident and health, accident, health income continuation and life insurance benefits in accordance with to the same extent that such benefits provided are available to Company other executives and eligible employees generally, but at a level commensurate with other officers of the Company. The Company’s liability Dependent coverage may be subject to Executive for any breach of this Paragraph D.2 contributions but currently are not. Nothing herein shall be limited to the amount of premiums required hereunder to be payable by imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to obtain or maintain, as applicable, the coverages contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

Group Medical and Life Insurance Benefits. The Company shall provide for Executive, at the Company’s 's expense, participation in the Company’s existing medical, dental, vision, accident, health health, life and life disability insurance benefits in accordance with equivalent to the normal customary benefits currently or from time to time provided to Company employees generally, but at a level commensurate with other officers of by the Company. The Company’s liability to Executive for any breach of this Paragraph D.2 Said coverage shall be limited to in existence as of the amount commencement of premiums required hereunder to be payable by the Company to obtain or maintain, as applicable, the coverages contemplated hereinInitial Term.

Appears in 1 contract

Samples: Employment Agreement (Aames Financial Corp/De)

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Group Medical and Life Insurance Benefits. The During the Term the Company shall provide for Executive, at Company’s 's expense, participation in the Company’s existing medical, dental, visionaccident and health, accident, health income continuation and life insurance benefits in accordance with to the same extent that such benefits provided are available to Company other executives and eligible employees generally, but at a level commensurate with other officers of the Company. The Company’s liability Dependent coverage may be subject to Executive for any breach of this Paragraph D.2 contributions but currently are not. Nothing herein shall be limited to the amount of premiums required hereunder to be payable by imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to obtain or maintain, as applicable, the coverages contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

Group Medical and Life Insurance Benefits. The Company shall provide for Executive, at the Company’s 's expense, participation in the Company’s existing medical, dental, vision, accident, health health, life and life disability insurance benefits in accordance with equivalent to the normal customary benefits currently or from time to time provided to Company employees generally, but at a level commensurate with other officers of by the Company. The Company’s liability to Executive for any breach of this Paragraph D.2 Said coverage shall be limited in existence or shall take effect as of the commencement of the Initial Term, subject to the amount of premiums required hereunder to be payable by the Company to obtain or maintain, as applicable, the coverages contemplated hereinapplicable waiting periods.

Appears in 1 contract

Samples: Employment Agreement (Aames Financial Corp/De)

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