Common use of Life and Other Insurance Clause in Contracts

Life and Other Insurance. The Company shall provide to Employee such term life and 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 other senior executives of the Company. The Company shall be entitled, at its sole option and expense, to arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, key man insurance on Employee in an amount determined by the Board of Directors, such policy or policies to name the Company or its designee as the beneficiary. Employee shall reasonably cooperate with the Company in procuring such key man insurance as the Company shall elect to purchase. In addition, the Company shall maintain Employee's split dollar and deferred compensation life insurance policies maintained by Twister immediately prior to the consummation of the Merger.

Life and Other Insurance. The Company shall provide to Employee such term life and 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 other senior executives of the Company. The Company shall be entitled, at its sole option options and expense, to arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, key man insurance on Employee in an amount determined by the Board of Directors, such policy or policies to name the Company or its designee as the beneficiary. Employee shall reasonably cooperate with the Company in procuring such key man insurance as the Company shall elect to purchase. In addition, the Company shall maintain Employee's split dollar and deferred compensation life insurance policies maintained by Twister immediately prior to the consummation of the Merger.