Common use of Group Insurance Policies Clause in Contracts

Group Insurance Policies. In the event of termination of this Agreement for any reason, Executive will have the right to convert any or all of the Company’s group insurance policies or plans to individual policies to the extent that such policies or plans permit assignment from the group to the individual Executive, and provided Executive thereafter assumes the payment of all related financial obligations from the date o f such termination.

Group Insurance Policies. In the event of termination of this Agreement for any reason, Executive will have the right to convert any or all of the Company’s group insurance policies or plans to individual policies to the extent that such policies or plans permit assignment from the group to the individual Executive, and provided Executive thereafter assumes the payment of all related financial obligations from the date o f of such termination.