Common use of Insurance for the Benefit of Executive Clause in Contracts

Insurance for the Benefit of Executive. (a) Subject to the provisions of Paragraph 6(c), Executive and his dependent (s)shall be covered by Employer's medical insurance in accordance with Employer's health care/medical insurance and hospitalization plan (s),and Executive shall be covered by Employer's disability insurance in accordance with Employer's disability plan, each in effect from time to time, the premiums for which shall be paid for by Employer. (b) Employer shall at its expense continuously maintain without interruption in the name of Executive or Executive's designee or for the benefit of Executive or Executive's designee, life insurance coverage in an amount equal to three times (3x) Executive's then current base salary.

Insurance for the Benefit of Executive. (a) Subject to the provisions of Paragraph 6(c), Executive and his dependent (s)shall dependent(s) shall be covered by Employer's medical insurance in accordance with Employer's health care/medical insurance and hospitalization plan (s),and plan(s), and Executive shall be covered by Employer's disability insurance in accordance with Employer's disability plan, each in effect from time to time, the premiums for which shall be paid for by Employer. (b) Employer shall at its expense continuously maintain without interruption in the name of Executive or Executive's designee or for the benefit of Executive or Executive's designee, life insurance coverage in an amount equal to three times (3x) Executive's then current base salary.