Common use of Continued Welfare Benefits Clause in Contracts

Continued Welfare Benefits. Until the third anniversary of the -------------------------- Termination Date, the Company shall, at its expense, provide Executive with medical, dental, life insurance, disability and accidental death and dismemberment benefits at the highest level provided to Executive during the period beginning immediately prior to the Change in Control and ending on the Termination Date; provided, however, that if Executive becomes -------- ------- employed by a new employer, the coverages provided by the Company pursuant to this sentence shall become secondary to those coverages provided by the new employer.

Appears in 4 contracts

Samples: Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc)

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Continued Welfare Benefits. Until the third anniversary of the -------------------------- Termination Date, the Company shall, at its expense, provide Executive with medical, dental, life insurance, disability and accidental death and dismemberment benefits at the highest level provided to Executive during the period beginning immediately prior to the Change in Control and ending on the Termination Date; provided, however, that if Executive becomes -------- ------- employed by a new employer, the coverages provided by the Company pursuant to this sentence shall become secondary to those coverages provided by the new employer.

Appears in 3 contracts

Samples: Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc), Termination Protection Agreement (Imperial Credit Industries Inc)

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