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

Group Medical and Life Insurance Benefits. The Bank, at its expense, shall provide for Executive medical, dental, accident and health, and income continuation insurance benefits (including disability) benefits in accordance with the Bank's Personnel Policy as in effect from time to time, except that in any event, Executive shall be provided with term life insurance benefits of at least $500,000. Said coverage shall be in existence or shall take effect as of the Effective Date hereof and shall continue throughout the Term. Executive shall be the individual owner of such life insurance policy with all associated benefits. The Bank's liability to Executive for any breach of this Paragraph D.3 shall be limited to the amount of premiums payable by the Bank to obtain the coverage contemplated herein. Said coverage shall be in existence or shall take effect as of the Effective Date and shall continue throughout the Term.

Group Medical and Life Insurance Benefits. The Bank, at its expense, shall provide for Executive medical, dental, accident and health, and income continuation insurance benefits (including disability) benefits in accordance with the Bank's ’s Personnel Policy as in effect from time to time, except that in any event, Executive shall be provided with term life insurance benefits of at least $500,000. Said coverage shall be in existence or shall take effect as of the Effective Date hereof and shall continue throughout the Term. Executive shall be the individual owner of such life insurance policy with all associated benefits. The Bank's ’s liability to Executive for any breach of this Paragraph D.3 shall be limited to the amount of premiums payable by the Bank to obtain the coverage contemplated herein. Said coverage shall be in existence or shall take effect as of the Effective Date and shall continue throughout the Term.

Group Medical and Life Insurance Benefits. The Bank, at its expense, Bank shall provide for Executive Executive, at Bank’s expense, participation in the Bank’s existing medical, dental, accident vision, accident, health and health, and income continuation life insurance benefits (including disability) benefits in accordance with benefits provided to Bank employees generally, but at a level commensurate with other officers of the Bank's Personnel Policy as in effect from time to time; provided however, except that in any event, Executive shall be provided with term $550,000 in life insurance benefits of at least $500,000(collectively, the “Insurance Coverage”). Said coverage Insurance Coverage shall be in existence or shall take effect as of the Effective Date hereof and shall continue throughout the Term. Executive shall be the individual owner of such life insurance policy with all associated benefits. The Bank's ’s liability to Executive for any breach of this Paragraph D.3 shall be limited to the amount of premiums required hereunder to be payable by the Bank to obtain or maintain, as applicable, the coverage coverages contemplated herein. Said coverage shall be in existence or shall take effect as of the Effective Date and shall continue throughout the Term.