Common use of Life and Other Insurance Clause in Contracts

Life and Other Insurance. The Company will, at its expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, accidental death and dismemberment insurance and long term disability insurance, or their equivalents, as is provided from time to time for executives of the Company holding positions and responsibilities comparable to those of Employee.

Appears in 2 contracts

Samples: Merger Agreement (Contour Medical Inc), Merger Agreement (Lochridge Scott F)

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Life and Other Insurance. The Company willshall, at its ------------------------ expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long long-and short-term disability insurance, or their equivalents, as is provided from time to time for executives other senior executive officers of the Company holding positions and responsibilities comparable to those of EmployeeCompany.

Appears in 2 contracts

Samples: Employment Agreement (Grace Development Inc), Employment Agreement (Grace Development Inc)

Life and Other Insurance. The Company will, at its expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole term life insurance policy in the amount of $300,000500,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, accidental death and dismemberment insurance and long term disability insurance, or their equivalents, as is provided from time to time for executives of the Company holding positions and responsibilities comparable to those of Employee.

Appears in 2 contracts

Samples: Merger Agreement (Lochridge Scott F), Merger Agreement (Contour Medical Inc)

Life and Other Insurance. The Company willshall, at its expense, ------------------------ provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long long-and short-term disability insurance, or their equivalents, as is provided from time to time for executives other senior executive officers of the Company holding positions and responsibilities comparable to those of EmployeeCompany.

Appears in 1 contract

Samples: Employment Agreement (Grace Development Inc)

Life and Other Insurance. The Company willshall, at its expense, ------------------------ provide or arrange for and keep in effect, during the term of EmployeeExecutive's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long long-and short-term disability insurance, or their equivalents, as is provided from time to time for executives other senior executive officers of the Company holding positions and responsibilities comparable to those of EmployeeCompany.

Appears in 1 contract

Samples: Employment Agreement (Grace Development Inc)

Life and Other Insurance. The Company willshall, at its ------------------------ expense, provide or arrange for and keep in effect, during the term of EmployeeExecutive's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long long-and short-term disability insurance, or their equivalents, as is provided from time to time for executives other senior executive officers of the Company holding positions and responsibilities comparable to those of EmployeeCompany.

Appears in 1 contract

Samples: Employment Agreement (Grace Development Inc)

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Life and Other Insurance. The Company willshall, at its ------------------------ expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he she is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long long-and short-term disability insurance, or their equivalents, as is provided from time to time for executives other senior executive officers of the Company holding positions and responsibilities comparable to those of EmployeeCompany.

Appears in 1 contract

Samples: Employment Agreement (Grace Development Inc)

Life and Other Insurance. The Company will, at its expense, provide or arrange for During the Term of his active employment hereunder (and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000any Extended Period), the beneficiary of which Company shall be named by Employee, and (ii) provide to the Employee such group term life insuranceand group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for executives other employees of the Company holding positions of comparable stature and responsibilities comparable to those of Employeetitle.

Appears in 1 contract

Samples: Employment Agreement (Alterra Healthcare Corp)

Life and Other Insurance. The Company willshall, at its expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, travel accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for executives of the Company other wholly-owned subsidiaries of World Access holding positions and responsibilities comparable to those of Employee.

Appears in 1 contract

Samples: Merger Agreement (World Access Inc)

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