Common use of Health Insurance Benefits Clause in Contracts

Health Insurance Benefits. LTC shall provide to Executive and her spouse LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s other senior executives at the time of execution of this Agreement, for so long as Executive is employed hereunder. The benefits described in the preceding sentence shall be referred to herein as Executive’s “Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime. (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s Health Insurance Benefits, LTC shall have the option (a) at the Company’s expense, to purchase health insurance coverage no less favorable to Executive than Executive’s Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “Health Insurance Buyout”). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ prior written notice to Executive that LTC has elected to terminate Executive’s Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”.

Health Insurance Benefits. LTC shall provide to Executive and her spouse his two daughters LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s 's other senior executives at the time of the execution of this Agreement, for so long as Executive is employed hereunderhereunder and for the lifetime of the Executive, provided that the Company may terminate such health insurance for Executive's two daughters at such time as they attain the age of twenty-two (22) years. The benefits described in the preceding sentence shall be referred to herein as Executive’s “'s "Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime". (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s 's Health Insurance Benefits, LTC shall have the option (a) at the Company’s 's expense, to purchase health insurance coverage no less favorable to Executive than Executive’s 's Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “"Health Insurance Buyout”"). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ ' prior written notice to Executive that LTC has elected to terminate Executive’s 's Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s 's rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control 's employment, regardless of whether such termination is by the Company, a Executive or by the Company and regardless of whether such termination of Executive’s employment by LTC is for any or no reason or with or without “cause” Good Reason or a resignation by Executive with “good reason”Cause.

Health Insurance Benefits. LTC shall provide to Executive and her spouse his two daughters LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s other senior executives at the time of the execution of this Agreement, for so long as Executive is employed hereunderhereunder and for the lifetime of the Executive, provided that the Company may terminate such health insurance for Executive’s two daughters at such time as they attain the age of twenty-two (22) years. The benefits described in the preceding sentence shall be referred to herein as Executive’s “Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime. (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s Health Insurance Benefits, LTC shall have the option (a) at the Company’s expense, to purchase health insurance coverage no less favorable to Executive than Executive’s Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “Health Insurance Buyout”). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ prior written notice to Executive that LTC has elected to terminate Executive’s Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control employment, regardless of whether such termination is by the Company, a Executive or by the Company and regardless of whether such termination of Executive’s employment by LTC is for any or no reason or with or without “cause” Good Reason or a resignation by Executive with “good reason”Cause.

Health Insurance Benefits. LTC shall provide to Executive and her spouse LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s other senior executives at the time of execution of this Agreement, for so long as Executive is employed hereunderhereunder and continuing thereafter for Executive’s lifetime. The benefits described in the preceding sentence shall be referred to herein as Executive’s “Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime. (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s Health Insurance Benefits, LTC shall have the option (a) at the Company’s expense, to purchase health insurance coverage no less favorable to Executive than Executive’s Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “Health Insurance Buyout”). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ prior written notice to Executive that LTC has elected to terminate Executive’s Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control employment, regardless of whether such termination is by the Company, a Executive or by the Company and regardless of whether such termination of Executive’s employment by LTC is for any or no reason or with or without “cause” Good Reason or a resignation by Executive with “good reason”Cause.

Health Insurance Benefits. LTC shall provide to Executive and her spouse LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s 's other senior executives at the time of execution of this Agreement, for so long as Executive is employed hereunderhereunder and continuing thereafter for Executive's lifetime. The benefits described in the preceding sentence shall be referred to herein as Executive’s “'s "Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime". (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s 's Health Insurance Benefits, LTC shall have the option (a) at the Company’s 's expense, to purchase health insurance coverage no less favorable to Executive than Executive’s 's Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “"Health Insurance Buyout”"). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ ' prior written notice to Executive that LTC has elected to terminate Executive’s 's Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s 's rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control 's employment, regardless of whether such termination is by the Company, a Executive or by the Company and regardless of whether such termination of Executive’s employment by LTC is for any or no reason or with or without “cause” Good Reason or a resignation by Executive with “good reason”Cause.

Health Insurance Benefits. LTC shall provide to Executive and her spouse his two daughters LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s other senior executives at the time of the execution of this Agreement, for so long as Executive is employed hereunderhereunder and for the lifetime of the Executive, provided that the Company may terminate such health insurance for Executive’s two daughters at such time as they attain the age of twenty-two (22) years. The benefits described in the preceding sentence shall be referred to herein as Executive’s “Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime. (i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s Health Insurance Benefits, LTC shall have the option (a) at the Company’s expense, to purchase health insurance coverage no less favorable to Executive than Executive’s Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “Health Insurance Buyout”). (ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ prior written notice to Executive that LTC has elected to terminate Executive’s Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000). (iii) Executive’s rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall vest in equal installments over 10 months (i.e., March 31, 2007 through December 31, 2007) and such vested Health Insurance Benefits shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control employment, regardless of whether such termination is by the Company, a Executive or by the Company and regardless of whether such termination of Executive’s employment by LTC is for any or no reason or with or without “cause” Good Reason or a resignation by Executive with “good reason”Cause.