Medical and Life Insurance Benefits. If the Participant is Dismissed and timely executes a release as provided in Section 6, the Company will provide the Participant with medical and life insurance benefits as follows—
Medical and Life Insurance Benefits. Employee shall be entitled to participate in the Company's Group Term Life Insurance Plan and Comprehensive Medical/Dental Plan for as long as each of these plans is maintained by the Company for its executive officers generally. The Group Term Life Insurance Plan will provide group term life insurance for Employee in an amount equal to 1.5 times the Employee's base compensation.
Medical and Life Insurance Benefits. Section 1: The Medical and life insurance benefits currently provided to employees and the present level of employee contribution towards cost, if any, shall continue in full force.
Medical and Life Insurance Benefits. Executive will be entitled to the continuation of his medical and life insurance coverage for twelve (12) months following the Termination Date at active employee rates in accordance with the terms set forth in the Severance Plan.
Medical and Life Insurance Benefits. KeyCorp shall arrange to provide Noalx, xxroughout the period beginning on the first day of the Supplemental Term and ending on the earlier of (a) the last day of the Supplemental Term, or (b) the first date on which Noalx xxxepts Full-Time Employment with an Unaffiliated Employer, with medical benefits (including, if applicable, dental) and group term life insurance benefits, in all cases at substantially the same level of coverage, and subject to the same (by dollar
Medical and Life Insurance Benefits. KeyCorp shall arrange to provide Noalx, xxroughout the period beginning on the Termination Date and ending on the earlier of (a) the last day of the Supplemental Term, or (b) the first date on which Noalx xxxepts Full-Time Employment with an Unaffiliated Employer, with medical benefits (including, if applicable, dental) and group term life insurance benefits, in all cases at substantially the same level of coverage, and subject to the same (by dollar amount) employee contribution requirement (if any), as those which Noalx xxx receiving or entitled to receive as an officer of KeyCorp on the Termination Date.
Medical and Life Insurance Benefits. Bank shall provide for Executive, in accordance with Bank's policy now in effect or as shall be amended from time to time, participation in a comprehensive major medical (“Medical Benefits”) and dental, with life insurance benefits, equivalent to the maximum available from time to time for an employee of Executive's salary level. Any such insurance for which Executive votes in favor as a director, or endorses as an officer, shall be deemed to meet the requirements of this Section. At any time Medical Benefits are not provided by Bank to Executive during his lifetime, Bank shall pay insurance premiums for substantially similar medical benefits, at a cost to Bank not to exceed $1,500 per month (with Executive to pay any excess premium); provided, however, that at any time Bank is unable to provide such a benefit due to the actions of a third party (i.e. no insurance company will provide such coverage), then Executive may obtain his own insurance and, in connection with such insurance, Bank will contribute the lesser of: (i) $1,500 per month (with Executive to pay any excess premium); or (ii) the amount of the monthly premium charged to Executive (collectively, the “Other Medical Benefit”). Term life insurance benefits shall be provided to Executive, at Bank's expense during the Term, in an amount not less than $250,000 until age 75, with Executive to be entitled to make an irrevocable designation of the beneficiary and owner of the policy thereunder. Executive's Salary Continuation Agreement with Bank currently in effect shall be maintained by Bank in accordance with its terms.”
Medical and Life Insurance Benefits. Bank shall provide for Executive, in accordance with Bank's policy now in effect or as shall be amended from time to time, participation in a comprehensive major medical ("Medical Benefits") and dental, with life insurance benefits, equivalent to the maximum available from time to time under the California Bankers Association Group Insurance Program for an employee of Executive's salary level. Any such insurance for which Executive votes in favor as a director, or endorses as an officer, shall be deemed to meet the requirements of this Section. At any time, Medical Benefits are not provided by Bank to Executive during his lifetime, Bank shall pay insurance premiums for substantially similar medical benefits, at a cost to Bank not to exceed $1,500 per month (with Executive to pay any excess premium); provided, however, that at any time Bank is unable to provide such a benefit due to the actions of a third party (i.e. no insurance company will provide such coverage), then Executive may obtain his own insurance and, in connection with such insurance, Bank will contribute the lesser of: (i) $1,500 per month (with Executive to pay any excess premium); or (ii) the amount of the monthly premium charged to Executive (collectively, the "Other Medical Benefit"). Term life insurance benefits shall be provided to Executive, at Bank's expense during the Term, in an amount not less than $250,000 until age ___, with Executive to be entitled to make an irrevocable designation of the beneficiary and owner of the policy thereunder. Executive's Salary Continuation Agreement with Bank currently in effect shall be maintained by Bank in accordance with its terms.
Medical and Life Insurance Benefits. The Employer shall continue to provide the same level of group medical and life insurance benefits that is provided to other non-bargaining unit Employees. The amount of premium costs for dependent coverage that is paid by the Fire Fighters shall be the same as the amount paid by other non-bargaining unit Employees. The Employer shall pay 100% percent of the employee’s insurance coverage including retirees, employed by the City prior to October 1, 2006, until such time as retirees become eligible for Medicare. At the time the retirees become eligible for Medicare, a supplemental insurance plan paid by the Employer will be provided.
Medical and Life Insurance Benefits
