Common use of Health and Medical Benefits Clause in Contracts

Health and Medical Benefits. For a period of one (1.0) year from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less favorable than the health and medical benefits in effect on the date of termination of the Employee’s employment. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by Leesport) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee periodically, as appropriate.

Appears in 4 contracts

Samples: Change in Control Agreement (Vist Financial Corp), Change in Control Agreement (Leesport Financial Corp), Change in Control Agreement (Leesport Financial Corp)

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Health and Medical Benefits. For a period of one two (1.02) year from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less favorable than the health and medical benefits in effect on the date of termination of the Employee’s 's employment. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by LeesportBoardwalk) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee periodically, as appropriate.

Appears in 2 contracts

Samples: Change in Control Agreement (Boardwalk Bancorp Inc), Change in Control Agreement (Boardwalk Bancorp Inc)

Health and Medical Benefits. For a period of one two (1.02) year years from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less substantially similar to the most favorable than of such benefits provided to him/her during the health and medical benefits in effect on the date of termination of the Employee’s employmenttwo (2) year period immediately preceding such termination. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by LeesportPeoples First) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee him/her periodically, as appropriate.

Appears in 1 contract

Samples: Change in Control Agreement (Peoples First Inc)

Health and Medical Benefits. For a period of one (1.0) year from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less favorable than the health and medical benefits in effect on the date of termination of the Employee’s 's employment. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by Leesport) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee periodically, as appropriate.

Appears in 1 contract

Samples: Control Agreement (Leesport Financial Corp)

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Health and Medical Benefits. For a period of one (1.0) year from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less favorable than the health and medical benefits in effect on the date of termination of the Employee’s 's employment. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by Leesport) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee periodically, as appropriate.

Appears in 1 contract

Samples: Control Agreement (Leesport Financial Corp)

Health and Medical Benefits. For a period of one (1.0) year from the date of termination of employment, the Employee shall be provided, at no charge, with a continuation of health and medical benefits no less favorable than the health and medical benefits in effect on the date of termination of the Employee’s employment. To the extent such benefits cannot be provided under a plan because the Employee is no longer an employee of the Employer, a dollar amount equal to the after-tax cost (estimated in good faith by LeesportVIST) of obtaining such benefits, or substantially similar benefits, shall be paid to the Employee periodically, as appropriate.

Appears in 1 contract

Samples: Change in Control Agreement (Vist Financial Corp)

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