NOTE II. This booklet is intended to give you a description of your coverage. Complete provisions are contained in the plan documents issued by the Insurance Company. The entire cost of this Benefits Plan is paid for by the Com- pany except for a 10% co-pay for eligible major medical expenses to a maximum out of pocket expense of $500 per person per annum. The overall Major Medical Maximum and re-instatement provision relating to the maximum have been removed. Private duty nursing has an individual limit of $10,000 per eligible person, per year. With the above noted changes, sections relating to the prior deductibles, the former 3 year benefit maximum and the reinstatement provision have been removed.
NOTE II. Purchaser shall deliver to Seller a ------- Promissory Note in the principal amount of Three Million One Hundred Five Thousand Two Hundred Dollars ($3,105,200.00), with principal payable in seven (7) annual installments of Four Hundred Fortythree Thousand Six Hundred Dollars ($443,600.00) each, and with interest accruing on the outstanding principal balance at the Interest Rate, payable in seven (7) annual installments, both principal and interest payments to commence one (1) year after Closing, and shall be thereafter
NOTE II. This booklet is intended to give you a description of your coverage. Complete provisions are contained in the Group Master Policies issued by the Insurance Company. The entire cost of this Benefits Plan is paid for by the Company except for an annual major medical deductible.
