Common use of HEALTH, DISABILITY AND LIFE INSURANCE Clause in Contracts

HEALTH, DISABILITY AND LIFE INSURANCE. Subject to satisfaction of the eligibility requirements of such plans and the rules and regulations applicable thereto, Executive and his family members shall be entitled to be covered by the Company's group health and dental insurance plans presently in effect or hereafter adopted by the Company and applicable to employees of the Company generally and Executive shall be entitled to be covered by the Company's group disability and life insurance plans presently in effect or hereafter adopted by the Company and applicable to the employees of the Company in general. The Company shall pay the premiums associated with such coverage. In the event Executive makes a claim against any disability policy provided to Executive by the Company pursuant to this Section 5(c)(i) and such policy calls for a waiting period which is applicable to Executive's claim, the Company shall pay to Executive during such waiting period his monthly base salary due during such period and shall provide the other benefits due him under this Section 5(c)(i).

Appears in 11 contracts

Samples: Employment Retention Agreement (Arcadia Financial LTD), Employment Retention Agreement (Arcadia Financial LTD), Employment Agreement (Arcadia Financial LTD)

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HEALTH, DISABILITY AND LIFE INSURANCE. Subject to satisfaction of the eligibility requirements of such plans and the rules and regulations applicable thereto, Executive and his family members shall be entitled to be covered by the Company's group health and dental insurance plans presently in effect or hereafter adopted by the Company and applicable to employees of the Company generally and Executive shall be entitled to be covered by the Company's group disability and life insurance plans presently in effect or hereafter adopted by the Company and applicable to the employees of the Company in generalgeneral or, if more favorable, plans applicable to the Company's executives. The Company shall pay the premiums associated with such coverage. In the event Executive makes a claim against any disability policy provided to Executive by the Company pursuant to this Section 5(c)(i6(c)(i) and such policy calls for a waiting period which is applicable to Executive's claim, the Company shall pay to Executive during such waiting period his monthly base salary due during such period and shall provide the other benefits due him under this Section 5(c)(i).

Appears in 1 contract

Samples: Employment Agreement (Olympic Financial LTD)

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