Continued Participation In Benefit Plans. In the event of termination due to a permanent disability, from the termination date through the earlier of (A) the date on which Executive becomes eligible for coverage under another group health insurance plan with no pre-existing condition limitation or exclusion or (B) the date on which Executive becomes entitled to benefits under Medicare, Executive (and any qualified dependents) shall be entitled to group health insurance coverage. Such coverage shall be provided, at the option of Wintrust, either: (x) under the Wintrust group health insurance plan for employees (as such plan is then in effect and as it may be amended at any time and from time to time during the period of coverage) in which Executive was participating immediately prior to termination, at Wintrust’s expense, subject to any normal employee contributions, if any; or (y) under an individual health insurance policy having coverage similar to that provided by the Wintrust group health plan for employees (as such plan is then in effect and as it may be amended at any time and from time to time during the period of coverage), at Wintrust’s expense. Executive shall promptly notify Wintrust if Executive becomes eligible for coverage under another group health plan with no pre-existing condition limitation or exclusion or Executive becomes entitled to benefits under Medicare.
Continued Participation In Benefit Plans. In the event of termination due to a permanent disability, Executive’s or Executive’s dependents’ participation in any medical, health, accident, disability, death, life insurance or similar plan in which Executive was participating immediately prior to termination shall continue (to the extent Executive and Executive’s dependents are eligible to participate in such plans pursuant to the terms of such plans) for the period in which payments are being made under this Section 9(c) at Employer’s or Wintrust’s expense (subject to any normal employee contributions, if any), although any continuation of health coverage shall count toward the “COBRA” continuation of coverage period.
Continued Participation In Benefit Plans. The Company shall make available without cost to the Executive and his spouse and dependents, insurance substantially comparable to the medical, life and long-term disability insurance coverage provided pursuant to Section 5(b) of the Employment Agreement that are in effect on the date of this Agreement for the duration of the Payout Period or, in the event that the Company cannot obtain such benefits for the Executive, the cash equivalent thereof, in each case plus the amount in cash, payable on an annual basis, necessary to gross-up such benefit or payment, as the case may be, for personal income taxes payable by the Executive with respect to such benefits or payments or payments at the marginal rate of 41.05%. The foregoing insurance coverage shall be included as part of any required continuation of coverage under Part 6, Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended, or any similar state or local law ("COBRA Coverage"); provided, however, that the COBRA Coverage shall terminate with respect to such spouse and/or dependents as of the date that the spouse and/or dependents receive equivalent coverage and benefits under any plans, programs and/or arrangements of a subsequent employer.
Continued Participation In Benefit Plans. (i) During the Salary Continuance Period, subject to timely payment by Executive of all premiums, contributions and other co-payments required to be paid by senior executives of the Company under the terms of such plans, the Executive shall be permitted to participate in the Company's medical insurance plans. If such continued participation is either not legally permissible or otherwise allowed under the terms of the applicable plan or any insurance policy or other arrangement, the Company will provide equivalent coverage from its general assets or another available source.
Continued Participation In Benefit Plans. (i) During the period commencing on the Termination Date and ending on the earlier of (i) Executive's 65th birthday and (ii) the date of Executive's death, subject to timely payment by Executive of all premiums, contributions and other co-payments required to be paid by senior executives of the Company under the terms of such plans, the Executive shall be permitted to participate in the Company's medical insurance plans. If such continued participation is either not legally permissible or otherwise allowed under the terms of the applicable plan or any insurance policy or other arrangement, the Company will provide equivalent coverage from its general assets or another available source.
