Common use of Executive Health Clause in Contracts

Executive Health. The plan provides for reimbursement of 100% of medical, dental and vision claims as defined as being deductible in accordance with IRS regulations. There are no co-payments or deductibles under the plan, and participants are required to make contributions via payroll deductions. Life Insurance Coverage provided at 50% of covered compensation (generally base salary plus incentive compensation). Long-Term Disability Provides benefits in an amount equal to 40% of eligible compensation for those disabled in accordance with the terms of the Plan. Participants may enroll for an additional 20% of eligible compensation. Participant contributions are required for the additional benefit.