Common use of Medical and Group Life Insurance Clause in Contracts

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at the Executive’s option, in a group medical and hospital insurance plan the Company may offer during this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 8 contracts

Samples: Executive Employment Agreement (Home Bistro, Inc. /NV/), Executive Employment Agreement (SQL Technologies Corp.), Executive Employment Agreement (SQL Technologies Corp.)

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Medical and Group Life Insurance. In the event the Company offers such a plan, The Company agrees to include Executive, at the Executive’s option, Executive in a the group medical and hospital insurance plan of the Company may offer and provide group life insurance for the Executive at no charge to the Executive during the term of this Agreement. However, the Executive shall receive same benefits as other officers of the Company. The Executive shall be responsible for payment of any federal or state income tax imposed upon on these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 5 contracts

Samples: Executive Employment Agreement (GRANDPARENTS.COM, Inc.), Executive Employment Agreement (GRANDPARENTS.COM, Inc.), Executive Employment Agreement (GRANDPARENTS.COM, Inc.)

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at the Executive’s 's option, in a group medical and hospital insurance plan the Company may offer during this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 3 contracts

Samples: Executive Employment Agreement (SQL Technologies Corp.), Executive Employment Agreement (Safety Quick Lighting & Fans Corp.), Executive Employment Agreement (Safety Quick Lighting & Fans Corp.)

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, including Executives’ immediate family, at the Executive’s option, in a group medical and hospital insurance plan the Company may offer during the term of this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment engagement by the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Home Bistro, Inc. /NV/)

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at Executive in the Executive’s option, in a group medical and hospital plan of Company and provide group life insurance plan for Executive pursuant to the Company may offer companies policies during this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Dgse Companies Inc)

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Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at Executive in the Executive’s option, in a group medical and hospital plan of Company and provide group life insurance plan for Executive under the Company may offer during this AgreementCompany's Benefit Plan. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Electro Energy Inc)

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at Executive in the Executive’s option, in a group medical and hospital plan of Company and provide group life insurance plan for Executive at no charge to Executive in the Company may offer amount of one times the annual income during this Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering PENSION AND PROFIT SHARING PLANS. Executive shall be entitled to participate in any pension or profit sharing plan or other type of a group medical and hospital insurance plan is at adopted by Company for the discretion benefit of the Company and NOT a condition of employment by the Executiveits officers and/or regular employees.

Appears in 1 contract

Samples: Executive Employment Agreement (Telecom Wireless Corp/Co)

Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at the Executive’s option, in a group medical and hospital insurance plan the Company may offer during this Revised Agreement. Executive shall be responsible for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Safety Quick Lighting & Fans Corp.)

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