Common use of Insurance and Other Special Benefits Clause in Contracts

Insurance and Other Special Benefits. The Executive's participation in the life, accident and health insurance, employee welfare benefit plans (as defined in the Employee Retirement Income Security Act of 1974) and other fringe benefits (the "Benefits") provided to the Executive prior to the Change of Control or the Termination of Employment shall be continued or equivalent benefits provided by the Company at no cost to the Executive for a period of two (2) years from the date of the Executive's Termination of Employment. If for any reason the Company is unable to continue the Benefits as required by the preceding sentence, the Company shall pay to the Executive a lump sum cash payment equal to the value of the Benefits which the Company is unable to provide.

Insurance and Other Special Benefits. The Executive's participation in the life, accident and health insurance, employee welfare benefit plans (as defined in the Employee Retirement Income Security Act of 1974) and other fringe benefits (the "Benefits") provided to the Executive prior to the Change of Control or the Termination of Employment shall be continued or equivalent benefits provided by the Company Corporation, at no cost to the Executive Executive, for a period of two (2) years from the date of the Executive's Termination of Employment. If for any reason the Company Corporation is unable to continue the Benefits Benefits, as required by the preceding sentence, the Company Corporation shall pay to the Executive a lump sum cash payment equal to the value of the Benefits which the Company Corporation is unable to provide.