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

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

Appears in 5 contracts

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

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Group Medical and Life Insurance Benefits. Pursuant to Bank’s policies, Bank shall continue to provide for Executive’s participation in Bank’s group medical, dental, vision, disability vision and life insurance benefits, as provided to Bank’s other officers; provided, however, that Executive shall continue to be provided $250,000 in life insurance benefits. Said insurance coverage shall be made available to Executive as soon as possible and shall continue throughout the Term. Bank’s liability to Executive for any breach of this Paragraph D.2 shall be limited to the amount of premiums payable by Bank to obtain the coverage contemplated herein.

Appears in 1 contract

Samples: Employment Agreement (Mission Community Bancorp)

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