Common use of Other Consideration Clause in Contracts

Other Consideration. Conaton shall receive additional consideration as follows: i. The Midland Health Insurance Plan shall be available at normal employee rates during the Term and after the Term. Conaton's coverage shall be secondary to Medicare after he reaches age 65, and Conaton's spouse shall be covered until she reaches age 65 at which time her coverage shall be secondary to Medicare; ii. During the Term, a car shall be provided by Midland consistent with the program in effect at the commencement of this Agreement; iii. Use of the Midland plane shall be available secondary to Midland's business use; iv. During the Term, Midland shall continue to pay club dues for the clubs Conaton was a member (and Midland was paying such dues for such clubs) at the commencement date of this Agreement; v. No director fees shall be paid during the Term; vi. Any existing stock options or stock grants of Conaton may be exercised at the earlier of the normal expiration date during the Term or for a period of three (3) years after the later of (x) the Expiration Date of this Agreement or (y) the date of retirement of Conaton as a member of the Board of Directors. Any future awards while a director during (or after the Term) will be equal to the stock awards of an outside director; vii. Midland shall provide Conaton with an office in headquarters building during the Term; viii. During the Term, Midland shall provide payment for Conaton's estate planning and annual tax preparation consistent with the current level of fees that were being paid at the commencement date of this Agreement; and ix. On April 1, 2001, Midland shall provide for the payment in a single lump sum of Conaton's benefit from the Nonqualified Self-Directed Retirement Plan, and an additional payment equal to 45.6% of the benefit to provide for the payment of any federal, state and local income tax due on the payment of the benefit.

Other Consideration. Conaton shall receive LaBar shxxx xeceive additional consideration as follows: i. Midland shall continue to pay its share of the premiums (or $277,420 per year) under the Split Dollar Life Insurance on the lives of LaBar anx xxx spouse until the death of the survivor, provided, however, (x) Midland shall only be obligated to pay such premiums for a period of ten (10) years, (y) Midland may, at any time after the sixteenth (16th) anniversary date of the policy, request a return of all premiums Midland paid into the policy and (z) Midland may also take advantage of any premium reduction or minimum payment options under such policy provided Midland pays the equivalent of the sum of $277,420 for ten (10) years with such sum reduced by any special dividends, demutualization distributions or other policy distributions. ii. The Midland Health Insurance Plan shall be available at normal employee rates during the Term and after the Term. ConatonLaBar's coverage xxxxxxxe shall be secondary to Medicare after he reaches age 65, and ConatonLaBar's spouse xxxxxx shall be covered until she reaches age 65 at which time her coverage shall be secondary to Medicare; iiiii. During the Term, a car shall be provided by Midland consistent with the program in effect at the commencement of this Agreement; iiiiv. Use of the Midland plane shall be available secondary to Midland's business useuse during the Term; iv. v. During the Term, Midland shall continue to pay club dues for the clubs Conaton was a member LaBar wax x xember (and Midland was paying such dues for such clubs) at the commencement date of this Agreement; v. vi. No director fees shall be paid during the Term; vivii. Any existing stock options or stock grants of Conaton may be LaBar max xx exercised at the earlier of the normal expiration date during the Term or for a period of three (3) years after the later of (x) the Expiration Date of this Agreement or (y) the date of retirement of Conaton LaBar as a member x xxmber of the Board of Directors. Any future awards while a director during (or after the Term) will be equal to the stock awards of an outside director; viiviii. Midland shall provide Conaton with an LaBar wixx xx office in headquarters building during the Term; viiiix. During the Term, Midland shall provide payment for ConatonLaBar's estate xxxxxx planning and annual tax preparation consistent with the current level of fees that were being paid at the commencement date of this Agreement; and ix. x. On April 1, 2001, Midland shall provide for the payment in a single lump sum of Conatonthe actuarial equivalent of LaBar's benefit xxxxxxx from the Nonqualified Self-Directed The Midland Company Supplemental Retirement Plan, and an additional payment equal to 45.6% of the benefit to provide for the payment of any federal, state and local income tax due on the payment of the benefit.

Other Consideration. Conaton Hayden shall receive additional consideration as follows: i. Midland shall continue to pay its share of the premiums (or $235,269 per year) under the Split Dollar Life Insurance on the lives of Hayden and his spouse until the death of the survivor, provided, however, (x) Midland shall only be obligated to pay such premiums for a period of ten (10) years, (y) Midland may, at any time after the sixteenth (16th) anniversary date of the policy, request a return of all premiums Midland paid into the policy and (z) Midland may also take advantage of any premium reduction or minimum payment options under such policy provided Midland pays the equivalent of the sum of $235,269 for ten (10) years with such sum reduced by any special dividends, demutualization distributions or other policy distributions; ii. The Midland Health Insurance Plan shall be available at normal employee rates during the Term and after the Term. ConatonHayden's coverage shall be secondary to Medicare after he reaches age 65, and ConatonHayden's spouse shall be covered until she reaches age 65 at which time her coverage shall be secondary to Medicare; iiiii. During the Term, a car shall be provided by Midland consistent with the program in effect at the commencement of this Agreement; iiiiv. Use of the Midland plane shall be available secondary to Midland's business useuse during the Term; iv. v. During the Term, Midland shall continue to pay club dues for the clubs Conaton Hayden was a member (and Midland was paying such dues for such clubs) at the commencement date of this Agreement; v. vi. No director fees shall be paid during the Term; vivii. Any existing stock options or stock grants of Conaton Hayden may be exercised at the earlier of the normal expiration date during the Term or for a period of three (3) years after the later of (x) the Expiration Date of this Agreement or (y) the date of retirement of Conaton Hayden as a member of the Board of Directors. Any future awards while a director during (or after the Term) will be equal to the stock awards of an outside director; viiviii. Midland shall provide Conaton Hayden with an office in headquarters building during the Term; viiiix. During the Term, Midland shall provide payment for ConatonHayden's estate planning and annual tax preparation consistent with the current level of fees that were being paid at the commencement date of this Agreement; and ix. x. On April 1, 2001, Midland shall provide for the payment in a single lump sum of Conatonthe actuarial equivalent of Hayden's benefit from the Nonqualified Self-Directed The Midland Company Supplemental Retirement Plan, and an additional payment equal to 45.6% of the benefit to provide for the payment of any federal, state and local income tax due on the payment of the benefit.

Other Consideration. Conaton Hayden shall receive additional consideration as follows: i. Midland shall continue to pay its share of the premiums (or $585,856 per year) under the Split Dollar Life Insurance on the lives of Hayden and his spouse until the death of the survivor, provided, however, (x) Midland shall only be obligated to pay such premiums for a period of ten (10) years, (y) Midland may, at any time after the sixteenth (16th) anniversary date of the policy, request a return of all premiums Midland paid into the policy and (z) Midland may also take advantage of any premium reduction or minimum payment options under such policy provided Midland pays the equivalent of the sum of $585,856 for ten (10) years with such sum reduced by any special dividends, demutualization distributions or other policy distributions; ii. The Midland Health Insurance Plan shall be available at normal employee rates during the Term and after the Term. ConatonHayden's coverage shall be secondary to Medicare after he reaches age 65, and ConatonHayden's spouse shall be covered until she reaches age 65 at which time her coverage shall be secondary to Medicare; iiiii. During the Term, a car shall be provided by Midland consistent with the program in effect at the commencement of this Agreement; iiiiv. Use of the Midland plane shall be available secondary to Midland's business useuse during the Term; iv. v. During the Term, Midland shall continue to pay club dues for the clubs Conaton Hayden was a member (and Midland was paying such dues for such clubs) at the commencement date of this Agreement; v. vi. No director fees shall be paid during the Term; vivii. Any existing stock options or stock grants of Conaton Hayden may be exercised at the earlier of the normal expiration date during the Term or for a period of three (3) years after the later of (x) the Expiration Date of this Agreement or (y) the date of retirement of Conaton Hayden as a member of the Board of Directors. Any future awards while a director during (or after the Term) will be equal to the stock awards of an outside director; viiviii. Midland shall provide Conaton Hayden with an office in headquarters building during the Term; viiiix. During the Term, Midland shall provide payment for ConatonHayden's estate planning and annual tax preparation consistent with the current level of fees that were being paid at the commencement date of this Agreement; and ix. x. On April 1, 2001, Midland shall provide for the payment in a single lump sum of ConatonHayden's benefit from the Nonqualified Self-Directed Retirement Plan, and an additional payment equal to 45.6% of the benefit to provide for the payment of any federal, state and local income tax due on the payment of the benefit.