Life and Other Insurance. The Company will, at its expense, provide or arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, (i) a whole life insurance policy in the amount of $300,000, the beneficiary of which shall be named by Employee, and (ii) such group term life insurance, accidental death and dismemberment insurance and long term disability insurance, or their equivalents, as is provided from time to time for executives of the Company holding positions and responsibilities comparable to those of Employee.
Life and Other Insurance. The Company shall provide to Employee such term life and group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for other senior executives of the Company. The Company shall be entitled, at its sole option and expense, to arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, key man insurance on Employee in an amount determined by the Board of Directors, such policy or policies to name the Company or its designee as the beneficiary. Employee shall reasonably cooperate with the Company in procuring such key man insurance as the Company shall elect to purchase. In addition, the Company shall maintain Employee's split dollar and deferred compensation life insurance policies maintained by Twister immediately prior to the consummation of the Merger.
Life and Other Insurance. The Company will continue to provide One Million Dollars ($1,000,000) of guaranteed level premium term life insurance coverage (naming Executive's written designee as the beneficiary of the policy, with the Company having no right to revoke or alter the designation) and such other types of insurance for Executive as shall be agreed upon between Executive and the Company from time to time. The Company shall only be responsible for the payment of insurance premiums during the Term. The Company shall use its commercially reasonable efforts to insure that life insurance policy is "portable" so that Executive can continue the policy after the end of Executive's employment with the Company at Executive's own expense.
Life and Other Insurance. Subject to Employee meeting applicable underwriting criteria, Employer will provide $1 million of guaranteed level premium term life insurance for a policy which covers Employee for at least 15 years after the date hereof (naming Employee or Employee's written designee as the beneficiary of the policy, with Employer having no right to revoke or alter the designation) and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time. Employer shall only be responsible for the payment of insurance premiums during the term of this Agreement. Employer shall use its best efforts to insure that life insurance policy is "portable" so that Employee can continue the policy after the end of Employee's employment with Employer at Employee's own expense.
Life and Other Insurance. The Company and Tango shall provide to Employee such term life and group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for other senior executives of the Company and Tango. The Company and Tango shall be entitled, at their sole option and expense, to arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, key man insurance on Employee in an amount determined by the Board of Directors of Tango, such policy or policies to name Tango or its designee as the beneficiary. Employee shall reasonably cooperate with the Company and Tango in procuring such key man insurance as the Company and Tango shall elect to purchase. In addition, the Company and Tango shall maintain Employee's split dollar and deferred compensation life insurance policies maintained by the Company immediately prior to the consummation of the Merger.
Life and Other Insurance. The Company shall provide to the Employee such term life and group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for other executive officers of the Company of comparable stature and title. The Company shall be entitled, at its sole option and expense, to arrange for and keep in effect, during the term of the Employee's employment hereunder, so long as Employee is insurable, key man insurance on the Employee in an amount determined by the Board of Directors, such policy or policies to name the Company or its designee as the beneficiary under such policy or policies. The Employee shall reasonably cooperate with the Company in procuring such key man insurance as the Company shall elect to purchase.
Life and Other Insurance. Employer will continue to provide $1 million of guaranteed level premium term life insurance coverage (naming Employee's written designee as the beneficiary of the policy, with Employer having no right to revoke or alter the designation) and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time. Employer shall only be responsible for the payment of insurance premiums during the term of this Agreement. Employer shall use its best efforts to insure that life insurance policy is "portable" so that Employee can continue the policy after the end of Employee's employment with Employer at Employee's own expense.
Life and Other Insurance. Subject to Employee meeting applicable ------------------------ underwriting criteria, Employer will provide term life and such other types of insurance for Employee as shall be agreed upon between Employee and Employer from time to time.
Life and Other Insurance. During the Term of his active employment hereunder (and during any Extended Period), the Company shall provide to the Employee such term life and group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for other employees of the Company of comparable stature and title.
Life and Other Insurance. The Company shall provide to Employee such ------------------------ term life and group travel, accident, accidental death and dismemberment insurance and long and short term disability insurance, or their equivalents, as is provided from time to time for senior executives of the Company. The Company shall be entitled, at its sole options and expense, to arrange for and keep in effect, during the term of Employee's employment hereunder, so long as he is insurable, key man insurance on Employee in an amount determined by the Board of Directors, such policy or policies to name the Company or its designee as the beneficiary. Employee shall reasonably cooperate with the Company in procuring such key man insurance as the Company shall elect to purchase.
