Current Insurance Coverage definition
Current Insurance Coverage means medical, dental, life and accident and disability insurance with coverage consistent with the lesser of (i) the coverage in effect at Executive’s termination, or (ii) the coverage in effect from time to time as applied to persons in positions similar to the position held by Executive at the time of termination.
Current Insurance Coverage means medical, dental, life and accident and disability insurance with coverage consistent with the lesser of (i) the coverage in effect at Executive’s termination, or (ii) the coverage in effect from time to time as applied to persons in positions similar to the position held by Executive at the time of termination. “Disability shall mean Executive’s incapacity due to physical or mental illness or cause, which results in the Executive being unable to perform his duties with Company on a full-time basis for a period of six (6) consecutive months. Any dispute as to disability shall be conclusively determined by written opinions rendered by two qualified physicians, one selected by Executive, and one selected by Company.
Examples of Current Insurance Coverage in a sentence
Moreover, payment of the Severance and/or Current Insurance Coverage (or portion thereof) shall be delayed, if required, and to the extent required to comply with Code Section 409A.
If Executive fails to execute and deliver an irrevocable Separation Agreement prior to the end of such twenty-one (21) day period, Executive shall not be entitled to any portion of the Severance or continuation of Current Insurance Coverage.