Common use of Post-termination Health Insurance Clause in Contracts

Post-termination Health Insurance. Except in the cases of (i) a termination of the Employee’s employment by the Company for Cause, (ii) a termination of the Employee’s employment by the Employee prior to the expiration of the Term for a reason other than Good Reason, and (iii) a termination of the Employee’s employment pursuant to Section 10 hereof, and provided in all cases that the Employee has complied in all respects, from the Effective Date through and including each Payment Date, with his obligations hereunder, for each month following the termination of the Employee’s employment with the Company that he remains eligible for continuation coverage under COBRA, the Company will waive any payments that it would otherwise charge to the Employee for COBRA family coverage; provided, however, that the Company shall have no obligations under this paragraph (g) if the Employee becomes employed by or an independent contractor to a party unrelated to the Company or its successor which makes health insurance available to the Employee (with or without charge). The Company shall have no obligation to pay, or reimburse the Employee for the payment of, any income or other tax liability owed by the Employee in connection with any payments made by the Company pursuant to this paragraph (g).

Post-termination Health Insurance. Except in the cases of (i) a termination of the Employee’s employment by the Company Bank for Cause, (ii) a termination of the Employee’s employment by the Employee prior to the expiration of the Term for a reason other than Good Reason, and (iii) and a termination of fo the Employee’s employment pursuant to Section 10 hereof, and provided in all cases that the Employee has complied in all respects, from the Effective Date through and including each Payment Date, with his her obligations hereunder, (A) for each month following the termination of the Employee’s employment with the Company Bank that he she remains eligible for continuation coverage under COBRA, the Company Bank will waive any payments that it would otherwise charge to the Employee for COBRA family coverage; provided, however, that the Company Bank shall have no obligations under this paragraph (gh) if the Employee becomes employed by or an independent contractor to a party unrelated to the Company Bank or its successor which makes health insurance available to the Employee (with or without charge). The Company Bank shall have no obligation to pay, or reimburse the Employee for the payment of, any income or other tax liability owed by the Employee in connection with any payments made by the Company Bank pursuant to this paragraph (gh).

Post-termination Health Insurance. Except in the cases of (i) a termination of the Employee’s employment by the Company Bank for Cause, (ii) a termination of the Employee’s employment by the Employee prior to the expiration of the Term for a reason other than Good Reason, and (iii) and a termination of fo the Employee’s employment pursuant to Section 10 hereof, and provided in all cases that the Employee has complied in all respects, from the Effective Date through and including each Payment Date, with his obligations hereunder, for each month following the termination of the Employee’s employment with the Company Bank that he remains eligible for continuation coverage under COBRA, the Company Bank will waive any payments that it would otherwise charge to the Employee for COBRA family coverage; provided, however, that the Company Bank shall have no obligations under this paragraph (gh) if the Employee becomes employed by or an independent contractor to a party unrelated to the Company Bank or its successor which makes health insurance available to the Employee (with or without charge). The Company Bank shall have no obligation to pay, or reimburse the Employee for the payment of, any income or other tax liability owed by the Employee in connection with any payments made by the Company Bank pursuant to this paragraph (gh).

Post-termination Health Insurance. Except in the cases of (i) a termination of the Employee’s employment by the Company for Cause, (ii) a termination of the Employee’s employment by the Employee prior to the expiration of the Term for a reason other than Good Reason, and (iii) a termination of the Employee’s employment pursuant to Section 10 hereof, and provided in all cases that the Employee has complied in all respects, from the Effective Date through and including each Payment Date, with his her obligations hereunder, (A) for each month following the termination of the Employee’s employment with the Company that he she remains eligible for continuation coverage under COBRA, the Company will waive any payments that it would otherwise charge to the Employee for COBRA family coverage; provided, however, that the Company shall have no obligations under this paragraph (g) if the Employee becomes employed by or an independent contractor to a party unrelated to the Company or its successor which makes health insurance available to the Employee (with or without charge). The Company shall have no obligation to pay, or reimburse the Employee for the payment of, any income or other tax liability owed by the Employee in connection with any payments made by the Company pursuant to this paragraph (g).