Common use of Medical and Group Life Insurance Clause in Contracts

Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, and provide group life insurance for Executive only at no charge, in the coverage amount of $15,000.00,(Fifteen Thousand Only) during this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 4 contracts

Samples: Executive Employment Agreement (M Line Holdings Inc), Executive Employment Agreement (M Line Holdings Inc), Executive Employment Agreement (M Line Holdings Inc)

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Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no charge, charge to Executive in the coverage amount of $15,000.00,(Fifteen Thousand Only) 1,000,000.00 during this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 3 contracts

Samples: Executive Employment Agreement (SmartMetric, Inc.), Executive Employment Agreement (SmartMetric, Inc.), Executive Employment Agreement (SmartMetric, Inc.)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of $15,000.00,(Fifteen Thousand Only) 1,000,000 during the term of this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits.

Appears in 3 contracts

Samples: Executive Employment Agreement (National Boston Medical Inc), Executive Employment Agreement (National Boston Medical Inc), Executive Employment Agreement (National Boston Medical Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of $15,000.00,(Fifteen Thousand Only) 1,000,000 during the term of this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits. If the Company does not provide Medical and Group Life insurance the Executive may be reimbursed for his own coverage.

Appears in 3 contracts

Samples: Executive Employment Agreement (Infotopia Inc), Executive Employment Agreement (Infotopia Inc), Executive Employment Agreement (Infotopia Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of $15,000.00,(Fifteen Thousand Only) during this Agreement. Family members may be included 5,000,000 payable to the Company and another policy in group medical and hospital plan at normal family ratesthe amount of $2,000,000 payable to the Executive's estate. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits. If the Company does not provide Medical and Group Life insurance the Executive may be reimbursed for his own coverage.

Appears in 2 contracts

Samples: Executive Employment Agreement (Infotopia Inc), Executive Employment Agreement (Infotopia Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of $15,000.00,(Fifteen Thousand Only) during this Agreement. Family members may be included in group medical and hospital plan at normal family rates2,000,000 payable to the Executive's estate. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits. If the Company does not provide Medical and Group Life insurance the Executive may be reimbursed for his own coverage.

Appears in 2 contracts

Samples: Executive Employment Agreement (Infotopia Inc), Executive Employment Agreement (Infotopia Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, when a policy is put in place and provide group life insurance for Executive only at no charge, in the coverage amount of $15,000.00,(Fifteen 100,000.00,(One Hundred Thousand Only) during this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 2 contracts

Samples: Employment Agreement (Star Alliance International Corp.), Employment Agreement (Star Alliance International Corp.)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of $15,000.00,(Fifteen Thousand Only) during this Agreement. Family members may be included 2,000,000 payable to the Company and another policy in group medical and hospital plan at normal family ratesthe amount of $1,000,000 payable to the Executive's estate. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits. If the Company does not provide Medical and Group Life insurance the Executive may be reimbursed for his own coverage.

Appears in 1 contract

Samples: Executive Employment Agreement (Infotopia Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of not less than $15,000.00,(Fifteen Thousand Only) 150,000 during the term of this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (National Boston Medical Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only and his family members in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no chargecharge to the Executive, in the coverage amount of not less than $15,000.00,(Fifteen Thousand Only) 500,000 during the term of this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any state or federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (National Boston Medical Inc)

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Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, and provide group life insurance for Executive only at no charge, contribute not less than $175.00 per month towards Executive’s cost to participate in the coverage amount of $15,000.00,(Fifteen Thousand Only) during this Agreement. Family members may be included in group medical and hospital plan at normal family ratesplan. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Employment Agreement (Systems Evolution Inc)

Medical and Group Life Insurance. The Company agrees to include the Executive only in the group medical and hospital plan of the Company, if applicable, and provide group life insurance insurance, if applicable, for the Executive only at no charge, charge to the Executive in the coverage amount of Five Hundred Thousand ($15,000.00,(Fifteen Thousand Only500,000) USD during the term of this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.agreement

Appears in 1 contract

Samples: Executive Employment Agreement (Synergy Technologies Corp)

Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no charge, charge to Executive in the coverage amount of $15,000.00,(Fifteen Thousand Only1,000,000.00 (one million dollars) during this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (Verdisys Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, Company and provide group life insurance for Executive only at no charge, charge to Executive in the coverage amount of Five Hundred Thousand ($15,000.00,(Fifteen Thousand Only500,000) during this Agreement. Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Executive Employment Agreement (Intraco Systems Inc)

Medical and Group Life Insurance. The Company agrees to include Executive only in the group medical and hospital plan of the Company, when a policy is put in place and provide group life insurance for Executive only at no charge, in the coverage amount of $15,000.00,(Fifteen 100,000.00 (One Hundred Thousand Only) ), during this Agreement. Agreement Family members may be included in group medical and hospital plan at normal family rates. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits.

Appears in 1 contract

Samples: Employment Agreement (Star Alliance International Corp.)

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