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 term life insurance policy in the amount of $500,000, 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
Sources: 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 term life insurance policy in the amount of $500,000, 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
Sources: 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 term whole life insurance policy in the amount of $500,000300,000, 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
Sources: 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 term life insurance policy in the amount of $500,000, 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
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 term life insurance policy in the amount of $500,000, 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
Life and Other Insurance. The During the Term of his active employment hereunder (and during any Extended Period), the Company will, at its expense, shall provide or arrange for and keep in effect, during to the term of Employee's employment hereunder, so long as he is insurable, (i) a Employee such term life insurance policy in the amount of $500,000and group travel, the beneficiary of which shall be named by Employee, and (ii) such group term life insuranceaccident, 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
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 term life insurance policy in the amount of $500,000, 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
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 term life insurance policy in the amount of $500,000, 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
Sources: Merger Agreement (World Access 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 she is insurable, (i) a term life insurance policy in the amount of $500,000, 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