Common use of Transition Benefits Clause in Contracts

Transition Benefits. If Executive becomes disabled, as defined in Subsection 6(a) above, Executive’s employment will terminate and the Company will, if reasonably possible, continue Executive’s life, medical, dental, and disability coverage on the policies in existence as of the Termination Date until the earliest of: (A) Executive’s full-time employment with another employer; (B) Executive’s death; or (C) The twelve (12)-month anniversary of the Termination Date.

Appears in 3 contracts

Samples: Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc)

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Transition Benefits. If Executive becomes disabled, disabled as defined in Subsection 6(a) above, Executive’s employment will terminate and the Company will, if reasonably possible, continue Executive’s life, medical, dental, and disability coverage on the policies in existence as of the Termination Date before Executive’s termination for disability until the earliest of:of the (A) Executive’s full-time employment with another employer; (B) Executive’s death; or (C) The twelve (12)-month 12 month anniversary of the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Riverview Bancorp Inc)

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