Common use of EXECUTIVE PHYSICALS Clause in Contracts

EXECUTIVE PHYSICALS. You shall receive a lump sum payment equivalent to the cost of coverage under the Corporation’s Executive Physical program for the thirty-six (36) month period after your termination date. The benefits to which you will be eligible, will be the executive physical benefits that were in effect on the date of the Change of Control and any executive physical benefits received will be subject to the terms and conditions of the Executive Physical program as in effect on the date of the Change of Control. Any lump sum payment due under this Section 2(e) shall be paid to you on the same date as the termination payment is paid under Section 1(a) of this Change of Control Agreement.

EXECUTIVE PHYSICALS. You shall receive a lump sum payment equivalent to the cost of coverage under the Corporation’s Executive Physical program for the thirtytwenty-six four (3624) month period after your termination date. The benefits to which you will be eligible, will be the executive physical benefits that were in effect on the date of the Change of Control and any executive physical benefits received will be subject to the terms and conditions of the Executive Physical program as in effect on the date of the Change of Control. Any lump sum payment due under this Section 2(e) shall be paid to you on the same date as the termination payment is paid under Section 1(a) of this Change of Control Agreement.