Health, Dental, Life and Disability Coverage Sample Clauses

Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and disability coverage made available by the Bank to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage.
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Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and disability coverage made available by the Bank to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage. Particularly, on the issue of life insurance, the Executive shall be covered under the terms of a group life insurance policy. In the event of the death of an Executive, the Bank shall pay the Executive’s Estate an amount equal to three (3) years of salary with a $1 million cap. The payment of these proceeds shall be from the coverage of the group life insurance policy the bank maintains with Hartford Life Insurance Company. A copy of the coverage from the Hartford Life Insurance Company is attached as Exhibit “A”. Any amount not covered by the Hartford Group Life Insurance will be covered to the extent the Bank BOLI covers that Executive up to one-half of the amount of the proceeds the bank receives on the death of that Executive.
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Health, Dental, Life and Disability Coverage. Employer shall provide Executive with life, medical, dental and disability coverage made available by Employer to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage, and shall also provide Executive with term life insurance coverage in an amount not less than currently provided immediately prior to the beginning of the Initial Term (or Renewal Term, as applicable) of this Agreement.
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Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and disability coverage made available by the Bank to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage. In addition, during the term of this Agreement, the Bank shall reimburse the Executive for the premiums on the Savings Bank Life Insurance Company of Massachusetts Policy Number 377283261 covering the life of Executive with a death benefit of $1,500,000 (the “Premium Reimbursement”), and the Bank shall pay to the Executive, on or prior to the date on which the Executive must pay income taxes on the Premium Reimbursement, an additional amount (the “Gross-Up Payment”) such that the net amount retained by the Executive, after deduction of any Federal, state and local income and employment taxes upon the Premium Reimbursement and the Gross-Up Payment, shall be equal to the Premium Reimbursement.
Sample 1
Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and disability coverage made available by the Bank to its senior executives and key management employees. As of the Effective Date of this Agreement, Executive shall be immediately eligible for health, dental and vision coverage, subject to the co-pay percentage in effect at the time of coverage, and shall be eligible for life, accidental death and dismemberment and long-term care insurance after a three-month waiting period and short-term disability coverage after a six month waiting period. Benefits available to Executive hereunder are subject to change by the Employer at any point, on a basis consistent with the terms, conditions and overall administration of such coverage.
Sample 1
Health, Dental, Life and Disability Coverage. The Bank and Corporation will continue Rxxxxx’x participation in the group health, dental, life and disability insurance plans, or, if that is not possible, the Bank and Corporation shall pay on a monthly basis an amount equivalent to the monthly cost of premiums for Rxxxxx’x health, dental, life and disability insurance continuation coverage on a monthly basis through July 31, 2003, plus any amount equal to cover any applicable income taxes to Rxxxxx, unless he obtains such coverages or is eligible to obtain such coverages sooner from another employer at no cost to Rxxxxx. Rxxxxx agrees to promptly notify the Bank and Corporation when he obtains such other health, dental, life or disability insurance or becomes eligible to do so. After July 31, 2003, Rxxxxx will be entitled to extend COBRA benefits an additional six months at his own expense. Through June 1, 2003, the Bank and/or the Corporation will continue to pay the COBRA benefits for Rxxxxx’x former spouse.
Sample 1
Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and disability coverage made available by the Bank to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage. Without limiting the generality of the foregoing, the Executive shall be covered under the terms of a group or other life insurance policy which, in the event of the death of an Executive, will pay the Executive’s estate an amount equal to the lesser of (i) three (3) times his annual salary at the time of death or (ii) One Million Five Hundred Thousand Dollars ($1,500,000).
Sample 1
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Related to Health, Dental, Life and Disability Coverage

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Death, Disability, Retirement This Agreement shall terminate upon the death, disability or retirement of Executive. As used in this Agreement, the term "disability" shall mean Executive's inability, as a result of physical or mental incapacity, to substantially perform his duties with the Bank for a period of 180 consecutive days. Any question as to the existence of Executive's disability upon which the Executive and the Bank cannot agree shall be determined by a qualified independent physician mutually agreeable to Executive and the Bank or, if the parties are unable to agree upon a physician within ten (10) days after notice from either to the other suggesting a physician, by a physician designated by the then president of the medical society for the county in which Executive maintains his principal residence, upon the request of either party. The costs of any such medical examination shall be borne by the Bank. If Executive is terminated due to disability he shall be paid 100% of his Base Salary at the rate in effect at the time notice of termination is given for the remainder of the Employment Term, payable in substantially equal monthly installments less, in each case, any disability payments otherwise payable under plans provided by the Bank for disability or any governmental social security or workers compensation program, and actually paid to Executive in substantially equal monthly installments.

  • Long-Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • Long-Term Disability The Employer agrees to provide Long Term Disability benefits for active full-time employees after fifty-two (52) weeks if an Employee is unable to perform any occupation (reasonably suited by means of training, education or experience). The Plan will provide for sixty-six and two thirds percent (66 2/3%) of an Employee's basic monthly earnings to a maximum of $1,500.00. Coverage would cease the date an Employee attains normal retirement age.

  • For death and disability The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

  • Disability If, as a result of the Executive's incapacity due to physical or mental illness, the Executive shall have been absent from his duties with the Company on a full-time basis for six months and within 30 days after written notice of termination is thereafter given by the Company the Executive shall not have returned to the full-time performance of the Executive's duties, the Company may terminate this Agreement for "Disability."

  • Death; Disability If Executive’s employment terminates due to Executive’s death or Disability, then the Company shall pay or provide Executive (or the legal representative of his estate in the case of his death) with:

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