Common use of Insurance Benefits, etc Clause in Contracts

Insurance Benefits, etc. The Company shall at all times during the Continuation Period, without charge to Employee or Employee's dependents, cause Employee and Employee's eligible dependents to be covered by and to participate in, to the fullest extent allowable under the terms thereof, all life, accidental death and dismemberment and health insurance plans and programs that may be offered to the senior officers of the Company so that Employee will receive, at all times during the Continuation Period, the same benefits under such plans and programs as Employee would have been entitled to receive had he remained an Executive Officer of the Company; provided, however, in the event Employee becomes covered during the Continuation Period by another employer's group plan or programs which provide benefits to Employee and his dependents comparable to those being provided to Employee under this paragraph (b) (provided with respect to any such group health plan, such plan does not contain any exclusion or limitation with respect to any pre-existing conditions), then the Company's similar plans and programs shall no longer be liable for any benefits under this paragraph (b). In no event shall Employee's COBRA continuation period begin prior to the end of Employee's coverage under the Company's group health plan as provided in this paragraph (b).