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

Group Medical and Life Insurance Benefits. The Corporation shall provide for Executive’s participation in the Corporation’s group medical, disability and life insurance benefits, as provided to the Corporation’s other officers. Said insurance coverage shall be made available to Executive as soon as possible and shall continue throughout the Term. The Corporation’s liability to Executive for any breach of this Paragraph D.2 shall be limited to the amount of premiums payable by the Corporation to obtain the coverage contemplated herein.

Appears in 2 contracts

Samples: Employment Agreement (Discovery Bancorp), Employment Agreement (Discovery Bancorp)

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Group Medical and Life Insurance Benefits. The Corporation Company shall provide for Executive, at Company’s expense, participation in the CorporationCompany’s group existing medical, disability dental, vision, accident, health and life insurance benefits, as benefits in accordance with benefits provided to Company employees generally, but at a level commensurate with other officers of the Corporation’s other officers. Said insurance coverage shall be made available to Executive as soon as possible and shall continue throughout the TermCompany. The CorporationCompany’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 Corporation Company to obtain or maintain, as applicable, the coverage coverages contemplated herein.

Appears in 2 contracts

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

Group Medical and Life Insurance Benefits. The Corporation Company shall provide for Executive’s , at the Company's expense, participation in the Corporation’s group medical, dental, accident, health, life and disability and life insurance benefits, as provided benefits equivalent to the Corporation’s other officersnormal customary benefits currently or from time to time provided by the Company. Said insurance coverage shall be made available to Executive in existence as soon as possible and shall continue throughout of the commencement of the Initial Term. The Corporation’s liability to Executive for any breach of this Paragraph D.2 shall be limited to the amount of premiums payable by the Corporation to obtain the coverage contemplated herein.

Appears in 1 contract

Samples: Employment Agreement (Aames Financial Corp/De)

Group Medical and Life Insurance Benefits. The Corporation During the Term the Company shall provide for Executive’s , at Company's expense, participation in the Corporation’s group medical, disability dental, accident and health, income continuation and life insurance benefits, as provided benefits to the Corporation’s other officers. Said insurance coverage shall be made same extent that such benefits are available to Executive as soon as possible other executives and shall continue throughout eligible employees of the TermCompany. The Corporation’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 imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to the amount of premiums payable by the Corporation to obtain the coverage contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

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Group Medical and Life Insurance Benefits. The Corporation During the Term the Company shall provide for Executive, at Company’s expense, participation in the Corporation’s group medical, disability dental, accident and health, income continuation and life insurance benefits, as provided benefits to the Corporation’s other officers. Said insurance coverage shall be made same extent that such benefits are available to Executive as soon as possible other executives and shall continue throughout eligible employees of the TermCompany. The Corporation’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 imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to the amount of premiums payable by the Corporation to obtain the coverage contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

Group Medical and Life Insurance Benefits. The Corporation During the Term the Company shall provide for Executive’s , at Company's expense, participation in the Corporation’s group medical, disability dental, accident and health, income continuation and life insurance benefits, as provided benefits to the Corporation’s other officers. Said insurance coverage shall be made same extent that such benefits are available to Executive as soon as possible other executives and shall continue throughout eligible employees of the TermCompany. The Corporation’s liability Dependent coverage may be subject to Executive for any breach of this Paragraph D.2 contributions. Nothing herein shall be limited imply that the Company may reduce, eliminate or modify existing benefits provisions applicable to the amount of premiums payable by the Corporation to obtain the coverage contemplated hereinall employees.

Appears in 1 contract

Samples: Employment Agreement (East West Bancorp Inc)

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