Common use of Health and Disability Insurance Clause in Contracts

Health and Disability Insurance. During the term of his employment, the Executive shall be entitled to participate in the medical (including hospitalization), dental, life and disability plans, to the extent offered by the Bank, and in amounts consistent with the Bank’s policy, for other senior executive officers of the Bank, with premiums for all such insurance for the Executive and his dependents to be paid by the Bank in accordance with normal payroll practices but at least monthly.

Appears in 3 contracts

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.)

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Health and Disability Insurance. During the term of his employment, the Executive shall be entitled to participate in the medical (including hospitalization), dental, life and disability plans, to the extent offered by the Bank, and in amounts consistent with the Bank’s policy, for other senior executive officers of the Bank, with premiums for all such insurance for the Executive and his dependents to be paid by the Bank in accordance with normal payroll practices but at least monthly.

Appears in 1 contract

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.)

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Health and Disability Insurance. During the term of his employment, the Executive shall be entitled to participate in the medical (including hospitalization), dental, life and disability plans, to the extent offered by the BankCompany, and in amounts consistent with the BankCompany’s policy, for other senior executive officers of the BankCompany, with premiums for all such insurance for the Executive and his dependents to be paid by the Bank Company in accordance with normal payroll practices practices, but at least monthly.

Appears in 1 contract

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.)

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