Common use of Life and Disability Insurance Clause in Contracts

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 18 contracts

Samples: Form of Executive Employment Agreement (Changyou.com LTD), Executive Employment Agreement (Changyou.com LTD), Form of Executive Employment Agreement (Changyou.com LTD)

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Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one two times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 5 contracts

Samples: Employment Agreement (Sohu Com Inc), Employment Agreement (Sohu Com Inc), Employment Agreement (Sohu Com Inc)

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one three times the Employee’s annual base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 4 contracts

Samples: Employment Agreement (Sohu Com Inc), Employment Agreement (Sohu Com Inc), Employment Agreement (Sohu Com Inc)

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case initially in an amount up to a maximum amount of one times the Employee’s base salary in effect RMB2,000,000, but subject to adjustment from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 3 contracts

Samples: Employment Agreement (Sohu.com LTD), Employment Agreement (Sohu.com LTD), Employment Agreement (Sohu Com Inc)

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s 's base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s 's standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 2 contracts

Samples: Employment Agreement (Sohu Com Inc), Employment Agreement (Sohu Com Inc)

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Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary RMB2,000,000 in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 1 contract

Samples: Employment Agreement (Sohu.com LTD)

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s annual base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 1 contract

Samples: Employment Agreement (Sohu Com Inc)

Life and Disability Insurance. The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary [RMB2,000,000] in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

Appears in 1 contract

Samples: Employment Agreement (Sohu Com Inc)

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