Participation in Retirement, Medical and Other Plans. During the term of this Agreement, the Executive shall be eligible to participate in the following benefit plans maintained by the Bank: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified plans provided by the Bank, generally, which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. Further, if the Executive retires from employment with the Bank at or after age 55 and for a reason other than Just Cause, the Bank shall provide the Executive and his legal dependents with medical insurance coverage that is not less favorable than the coverage that the Bank provides for its officers. The Bank shall pay all premiums for this coverage, shall provide it for the Executive's lifetime, and agrees that this obligation shall survive expiration of this Agreement.
Appears in 8 contracts
Samples: Employment Agreement (HFB Financial Corp), Employment Agreement (HFB Financial Corp), Agreement (HFB Financial Corp)
