Common use of Insurance Coverage Reimbursement Clause in Contracts

Insurance Coverage Reimbursement. Company agrees to pay Executive at current rate of $394 per month to cover and to be in lieu of medical benefits, as selected by Executive in his sole discretion. Executive understands and agrees that Company is not required to permit Executive to participate in any Company-sponsored benefit plans, including but not limited to the Company’s medical plan, in the same or any manner as Company and any third-party benefit provider make such opportunities available to Company’s regular full-time employees; provided, however, if Company does provide such Company-sponsored benefit plans and Executive is eligible to participate in such Company-sponsored benefit plans, Executive shall not be entitled to receive such $394 monthly payment.

Insurance Coverage Reimbursement. Company agrees to pay Executive at current rate of $394 224 per month to cover and to be in lieu of medical benefits, as selected by Executive in his sole discretion. Executive understands and agrees that Company is not required to permit Executive to participate in any Company-sponsored benefit plans, including but not limited to the Company’s medical plan, in the same or any manner as Company and any an third-party benefit provider make such opportunities available to Company’s regular full-time employees; provided, however, if Company does provide such Company-sponsored benefit plans and Executive is eligible to participate in such Company-sponsored benefit plans, Executive shall not be entitled to receive such $394 224 monthly payment.

Insurance Coverage Reimbursement. Company agrees to pay Executive at current rate of $394 422 per month to cover and to be in lieu of medical benefits, as selected by Executive in his sole discretion. Executive understands and agrees that Company is not required to permit Executive to participate in any Company-sponsored benefit plans, including but not limited to the Company’s medical plan, in the same or any manner as Company and any an third-party benefit provider make such opportunities available to Company’s regular full-time employees; provided, however, if Company does provide such Company-sponsored benefit plans and Executive is eligible to participate in such Company-sponsored benefit plans, Executive shall not be entitled to receive such $394 422 monthly payment.