Common use of Post-Termination Insurance Coverage Clause in Contracts

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or with Good Reason, the Bank shall continue or cause to be continued at the Bank’s expense medical, dental and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and welfare insurance benefits shall continue until the end of the term remaining under this Agreement when the Executive’s employment terminates.

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or with Good Reason, the Bank or the Company shall continue or cause to be continued at the Bank’s or the Company’s expense medical, dental and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The health and welfare insurance benefits shall continue until the end for a period of the term remaining under this Agreement thirty-six (36) months from when the Executive’s employment terminates.