Common use of Post-Termination Insurance Coverage Clause in Contracts

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank shall continue or cause to be continued at the Bank’s expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 5 contracts

Samples: Employment Agreement (Franklin Financial Corp), Employment Agreement (Franklin Financial Corp), Employment Agreement (Franklin Financial Corp)

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Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank Employer shall continue or cause to be continued at the BankEmployer’s expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank Employer or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 5 contracts

Samples: Employment Agreement (First Savings Financial Group Inc), Employment Agreement (First Savings Financial Group Inc), Employment Agreement (First Savings Financial Group Inc)

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank Corporation shall continue or cause to be continued at the BankCorporation’s expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank Corporation or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 5 contracts

Samples: Employment Agreement (Franklin Financial Corp), Employment Agreement (Franklin Financial Corp), Employment Agreement (Franklin Financial Corp)

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank Employer shall continue or cause to be continued at the BankEmployer’s expense medical and life insurance benefits for the Executive and any of his dependents covered at period ending 24 months after the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when date the Executive’s employment terminates. Upon the expiration of such period, the Executive may, at his own expense, continue to participate in the Corporation’s medical insurance program through his 65th birthday to the extent such coverage is available under the terms of the program then in effect.

Appears in 1 contract

Samples: Employment Agreement (Pulaski Financial Corp)

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Just Cause or voluntarily but with Good Reason, or because of disability, the Bank Employers shall continue or cause to be continued at the Bank’s Employers’ expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank Employers or another employer, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 1 contract

Samples: Employment Agreement (Sandy Spring Bancorp Inc)

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Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank Employer shall continue continue, or cause to be continued at the BankEmployer’s expense expense, medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank Employer or another employer, (x) the Executive’s attainment of age 65date at which the Executive becomes eligible for Medicare, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 1 contract

Samples: Employment Agreement (First Savings Financial Group Inc)

Post-Termination Insurance Coverage. (a) If the Executive’s employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank Employer shall continue continue, or cause to be continued at the BankEmployer’s expense expense, medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s return to employment with the Bank Employer or another employer, (x) the Executive’s attainment of age 65date the Executive becomes eligible for Medicare, (y) the Executive’s death, or (z) the end of the term remaining under this Agreement when the Executive’s employment terminates.

Appears in 1 contract

Samples: Employment Agreement (First Savings Financial Group Inc)

Post-Termination Insurance Coverage. (a) If the Executive’s 's employment terminates involuntarily but without Cause or voluntarily but with Good Reason, or because of disability, the Bank shall continue or cause to be continued at the Bank’s 's expense medical and life insurance benefits for the Executive and any of his dependents covered at the time of his termination. The medical insurance benefits shall continue until the first to occur of (w) the Executive’s 's return to employment with the Bank or another employer, (x) the Executive’s 's attainment of age 65, (y) the Executive’s 's death, or (z) the end of the term remaining under this Agreement when the Executive’s 's employment terminates.

Appears in 1 contract

Samples: Employment Agreement (Jefferson Bancshares Inc)

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