Post-termination Health Insurance. If the Employee's employment terminates with the Bank or the Company for any reason other than Just Cause, the Employee shall be entitled to purchase from the Bank, at the Employee's own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank or the Company maintains for its employees. This right shall be (i) in addition to, and not in lieu of, any other rights that the Employee has under this Agreement, and (ii) shall continue until the Employee first becomes eligible for participation in Medicare.
Appears in 5 contracts
Samples: Restated Employment Agreement (Tri County Financial Corp /Md/), Employment Agreement (North Arkansas Bancshares Inc), Employment Agreement (North Arkansas Bancshares Inc)
Post-termination Health Insurance. If the Employee's employment terminates with the Bank Association or the Company for any reason other than Just Cause, the Employee shall be entitled to purchase from the BankAssociation, at the Employee's own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank Association or the Company maintains for its employees. This right shall be (i) in addition to, and not in lieu of, any other rights that the Employee has under this Agreement, and (ii) shall continue until the Employee first becomes eligible for participation in Medicare.
Appears in 4 contracts
Samples: Employment Agreement (United Tennessee Bankshares Inc), Employment Agreement (High Country Bancorp Inc), Employment Agreement (High Country Bancorp Inc)
Post-termination Health Insurance. If the Employee's employment terminates with the Bank or the Company for any reason other than Just Cause, the Employee shall be entitled to purchase from the Bank, at the Employee's his own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank or the Company maintains for its employees. This right shall be (i) in addition to, and not in lieu of, any other rights that the Employee has under this Agreement, and (ii) shall continue until the Employee first becomes eligible for participation in Medicare.
Appears in 2 contracts
Samples: Employment Agreement (Newsouth Bancorp Inc), Employment Agreement (First South Bancorp Inc /Va/)
Post-termination Health Insurance. If the Employee's employment terminates with the Bank or the Company for any reason other than Just Causereason, the Employee shall be entitled to purchase from the Bank, at the Employee's his own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank or the Company maintains for its employees. This right shall be (i) in addition to, and not in lieu of, any other rights that the Employee has under this Agreement, and (ii) shall continue until the Employee first becomes eligible for participation in Medicare.
Appears in 1 contract
Post-termination Health Insurance. If the Employee's employment terminates with the Bank or the Company for any reason other than Just Cause, the Employee shall be entitled to purchase from the Bank, at the Employee's his own expense which shall not exceed applicable COBRA rates, family medical insurance under any group health plan that the Bank or the Company maintains for its employees. This right shall be (i) in addition to, and not in lieu of, any other rights that the Employee has under this Agreement, and (ii) shall continue until the Employee first becomes eligible for participation in Medicare.
Appears in 1 contract
