Common use of Insurance and Other Special Benefits Clause in Contracts

Insurance and Other Special Benefits. During the eighteen month severance pay period, and if the Bank may do so under the terms of its benefit plans existing at the time of Termination, Executive shall continue to be covered by the life insurance, medical insurance, and accident and disability insurance plans of the Bank and its affiliates or any successor plan or program in effect at or after Termination for employees in the same class or category as was Executive prior to his Termination, subject to the terms of such plans and to Executive's making any payments therefor required of employees in the same class or category as was Executive prior to his Termination. In the event Executive is ineligible to continue to be so covered under the terms of any such benefit plan or program, Bank shall have no further obligation. Anything herein to the contrary notwithstanding, if during such period Executive should enter into the employ of another company or firm which provides substantially similar benefit coverage, Executive's participation in the comparable benefits provided by the Bank either directly or through such other sources shall cease. Nothing contained in this paragraph shall be deemed to require or permit termination or restriction of any of Executive's coverage under any plan or program of the Bank or any of its affiliates, or any successor plan or program, to which Executive is entitled under the terms of such plan or program.

Insurance and Other Special Benefits. During the eighteen month three-year severance pay period, and if the Bank may do so under the terms of its benefit plans existing at the time of Termination, Executive shall continue to be covered by the life insurance, medical insurance, and accident and disability insurance plans of the Bank and its affiliates or any successor plan or program in effect at or after Termination for employees in the same class or category as was Executive prior to his Termination, subject to the terms of such plans and to Executive's making any payments therefor required of employees in the same class or category as was Executive prior to his Termination. In the event Executive is ineligible to continue to be so covered under the terms of any such benefit plan or program, Bank shall have no further obligation. Anything herein to the contrary notwithstanding, if during such period Executive should enter into the employ of another company or firm which provides substantially similar benefit coverage, Executive's participation in the comparable benefits provided by the Bank either directly or through such other sources shall cease. Nothing contained in this paragraph shall be deemed to require or permit termination or restriction of any of Executive's coverage under any plan or program of the Bank or any of its affiliates, or any successor plan or program, to which Executive is entitled under the terms of such plan or program.

Insurance and Other Special Benefits. During the eighteen month three year severance pay period, and if the Bank may do so under the terms of its benefit plans existing at the time of Termination, Executive shall continue to be covered by the life insurance, medical insurance, and accident and disability insurance plans of the Bank and its affiliates or any successor plan or program in effect at or after Termination for employees in the same class or category as was Executive prior to his Termination, subject to the terms of such plans and to Executive's making any payments therefor therefore required of employees in the same class or category as was Executive prior to his Termination. In the event Executive is ineligible to continue to be so covered under the terms of any such benefit plan or program, Bank shall have no further obligation. Anything herein to the contrary notwithstanding, if during such period Executive should enter into the employ of another company or firm which provides substantially similar benefit coverage, Executive's participation in the comparable benefits provided by the Bank either directly or through such other sources shall cease. Nothing contained in this paragraph shall be deemed to require or permit termination or restriction of any of Executive's coverage under any plan or program of the Bank or any of its affiliates, or any successor plan or program, to which Executive is entitled under the terms of such plan or program.

Insurance and Other Special Benefits. During the eighteen month one-year severance pay period, and if the Bank may do so under the terms of its benefit plans existing at the time of Termination, Executive shall continue to be covered by the life insurance, medical insurance, and accident and disability insurance plans of the Bank and its affiliates or any successor plan or program in effect at or after Termination for employees in the same class or category as was Executive prior to his Termination, subject to the terms of such plans and to Executive's ’s making any payments therefor required of employees in the same class or category as was Executive prior to his Termination. In the event Executive is ineligible to continue to be so covered under the terms of any such benefit plan or program, Bank shall have no further obligation. Anything herein to the contrary notwithstanding, if during such period Executive should enter into the employ of another company or firm which provides substantially similar benefit coverage, Executive's ’s participation in the comparable benefits provided by the Bank either directly or through such other sources shall cease. Nothing contained in this paragraph shall be deemed to require or permit termination or restriction of any of Executive's ’s coverage under any plan or program of the Bank or any of its affiliates, or any successor plan or program, to which Executive is entitled under the terms of such plan or program.

Insurance and Other Special Benefits. During the eighteen month severance pay period, and if the Bank may do so under the terms of its benefit plans existing at the time of Termination, Executive shall continue to be covered by the life insurance, medical insurance, and accident and disability insurance plans of the Bank and its affiliates or any successor plan or program in effect at or after Termination for employees in the same class or category as was Executive prior to his Termination, subject to the terms of such plans and to Executive's ’s making any payments therefor required of employees in the same class or category as was Executive prior to his Termination. In the event Executive is ineligible to continue to be so covered under the terms of any such benefit plan or program, Bank shall have no further obligation. Anything herein to the contrary notwithstanding, if during such period Executive should enter into the employ of another company or firm which provides substantially similar benefit coverage, Executive's ’s participation in the comparable benefits provided by the Bank either directly or through such other sources shall cease. Nothing contained in this paragraph shall be deemed to require or permit termination or restriction of any of Executive's ’s coverage under any plan or program of the Bank or any of its affiliates, or any successor plan or program, to which Executive is entitled under the terms of such plan or program.