Common use of Major Medical Clause in Contracts

Major Medical. Executive shall be provided with major medical insurance unless Executive elects to retain his current insurance whereby Company agrees to pay for same as long as the amount paid by Company does not exceed any sum paid for major medical insurance for any senior executive of the Company. Any amount over and above shall be borne by and be the responsibility of the Executive.

Major Medical. Executive shall be provided with major medical insurance unless Executive elects to retain his current insurance whereby Company agrees to pay for same as long as the amount paid by Company does des not exceed any sum paid for major medical insurance for any senior executive of the CompanyCompany executive. Any additional amount over and above shall be borne paid by and be the responsibility of the Executive.