Common use of Supplemental Medical Insurance Clause in Contracts

Supplemental Medical Insurance. Subject to the availability on commercially reasonable terms, during the Term, the Company shall maintain in effect and pay the premiums for a supplemental medical insurance policy (separate from any medical insurance policies referenced in Section 5.1 hereof) providing for reimbursement for most uncovered expenses up to $5,000 per diagnosis per year.

Appears in 2 contracts

Samples: Employment Agreement (Safety Components International Inc), Investment Agreement (Brera Capital Partners Lp)

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Supplemental Medical Insurance. Subject to the availability on commercially reasonable terms, during the Term, the Company shall maintain in effect and pay the premiums for a supplemental medical insurance policy (separate from any medical insurance policies referenced in Section 5.1 hereof) providing for reimbursement covering Employee and his eligible dependents (consistent with past practice) under the Company's generally available medical plan for most uncovered expenses up to five thousand dollars ($5,000 5,000.00) per diagnosis per year.

Appears in 2 contracts

Samples: Employment Agreement (Safety Components International Inc), Employment Agreement (Safety Components International Inc)

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