Common use of First Three Years Clause in Contracts

First Three Years. If the termination is prior to January 1, 2000, the Executive shall be paid thirteen (13) weeks of base salary and automobile allowance, and the Company shall continue in effect for a period of thirteen (13) weeks after the effective date of the Executive's termination, all health/life/disability insurance coverage provided to the Executive and his immediate family on the day immediately prior to the date of notice of termination or, if the Executive shall so elect, the Company shall pay to the Executive an amount equal to the premium, or portion thereof allocable to the Executive for providing such coverage, provided, however, if such coverage cannot be continued by the Company, the Company shall pay to the Executive an amount sufficient for the Executive to obtain substantially similar coverage for a period of thirteen (13) weeks after the effective date of termination.