Common use of Post-Termination Insurance Coverage Clause in Contracts

Post-Termination Insurance Coverage. (a) Subject to section 4.2(b), if the Executive’s employment terminates involuntarily but without Cause, voluntarily but with Good Reason, or because of disability, the Employer shall continue or cause to be continued at the Employer’s expense and on behalf of the Executive and the Executive’s dependents and beneficiaries medical and dental insurance coverage as in effect during and in accordance with the same schedule prevailing in the 12 months preceding the date of the Executive’s termination. The insurance benefits provided by this section 4.2(a) shall be reduced if the Executive obtains disability, medical, or dental insurance benefits through another employer, or eliminated entirely if the other employer’s insurance benefits are equivalent or superior to the benefits provided under this section 4.2(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, or dental insurance benefits through another employer. The medical and dental insurance coverage shall continue until the first to occur of (w) the Executive’s return to employment with the Employer or another employer providing equivalent or superior insurance benefits, (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. This section 4.2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the Employer’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical benefits.

Post-Termination Insurance Coverage. (a) Subject to section Sections 4.2(b)) and 4.3, if the Executive’s employment terminates involuntarily but is terminated by the Bank without Cause, Cause or by the Executive voluntarily but with Good Reason, or because of disability, the Employer Bank shall continue or cause to be continued at the EmployerBank’s expense and on behalf of the Executive and the Executive’s dependents and beneficiaries medical and dental insurance coverage under COBRA substantially similar to that provided for the Executive as in effect during and in accordance with the same schedule prevailing in the 12 months preceding of the date of the Executive’s terminationtermination for a period of up to 12 months from such termination date. The medical and dental insurance benefits provided by this section Section 4.2(a) shall be reduced if the Executive obtains disability, medical, medical or dental insurance benefits through another employer, or eliminated entirely if the other employer’s insurance benefits are equivalent or superior to the benefits provided under this section Section 4.2(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, medical or dental insurance benefits through another employer. The medical and dental insurance coverage shall continue until the first to occur of (wThis Section 4.2(a) the Executive’s return to employment with the Employer or another employer providing equivalent or superior insurance benefits, (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. This section 4.2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the EmployerBank’s employee benefit plans, agreements, programs, or practices after the Executive’s employment terminationterminates, including including, without limitation any limitation, any retiree medical benefits.

Post-Termination Insurance Coverage. (a) Subject to section 4.2(b), if the Executive’s employment terminates involuntarily but without Cause, Cause or voluntarily but with Good Reason, or because of disability, the Employer Corporation shall continue or cause to be continued at the EmployerCorporation’s expense and on behalf of the Executive and the Executive’s dependents and beneficiaries medical and dental insurance coverage as in effect during and in accordance with the same schedule prevailing in the 12 months preceding the date of the Executive’s termination. The medical and dental insurance benefits provided by this section 4.2(a) shall be reduced if the Executive obtains disability, medical, medical or dental insurance benefits through another employerentity, or eliminated entirely if the other employerentity’s insurance benefits are equivalent or superior to the benefits provided under this section 4.2(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, medical or dental insurance benefits through another employerentity. The medical and dental insurance coverage shall continue until the first to occur of (w) the Executive’s return to employment with the Employer Corporation or another employer entity providing equivalent or superior insurance benefits, (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. This section 4.2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the EmployerCorporation’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical benefits.

Post-Termination Insurance Coverage. (a) Subject to section 4.2(bSection 6.1(b), if the Executive’s employment terminates involuntarily but without Cause, Cause or voluntarily but with Good Reason, or because of disability, the Employer Bank shall continue or cause to be continued at the Employer’s expense medical and on behalf of dental insurance coverage for the Executive and the Executive’s dependents and beneficiaries under substantially similar terms in effect for the Executive during the enrollment period immediately prior to Executive’s termination of employment. Except in the event of a Change in Control, the medical and dental insurance coverage as in effect during and in accordance with the same schedule prevailing in the 12 months preceding the date of the Executive’s termination. The insurance benefits provided by this section 4.2(aSection 6.1(a) shall be reduced if the Executive obtains disability, medical, medical or dental insurance benefits through another employerentity, or eliminated entirely if the other employerentity’s insurance benefits are equivalent or superior to the benefits provided under this section 4.2(aSection 6.1(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(aSection 6.1(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, medical or dental insurance benefits through another employerentity. The medical and dental insurance coverage shall continue until the first to occur of (w) the Executive’s return to employment with the Employer Bank or another employer providing entity offering equivalent or superior insurance benefits, (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. Notwithstanding the foregoing, in the event the Executive terminates employment following a Change in Control under the terms and conditions set forth in Article 5 of this Agreement, the medical and dental insurance benefits provided under this Section 6.1 shall continue for twenty-four (24) months. This section 4.2 Section 6.1 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the EmployerBank’s or the Corporation’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical benefits.

Post-Termination Insurance Coverage. (a) Subject to section 4.2(b), if the Executive’s employment terminates involuntarily but without Cause, voluntarily but with Good Reason, or because of disability, the Employer shall continue or cause to be continued at the Employer’s expense and on behalf of the Executive and the Executive’s dependents and beneficiaries medical medical, dental, and dental hospitalization insurance coverage as in effect during and in accordance with the same schedule prevailing in the 12 months preceding the date of the Executive’s termination. The insurance benefits provided by this section 4.2(a) shall be reduced if the Executive obtains disability, medical, or dental dental, and hospitalization insurance benefits through another employer, or eliminated entirely if the other employer’s insurance benefits are equivalent or superior to the benefits provided under this section 4.2(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, or dental dental, and hospitalization insurance benefits through another employer. The medical medical, dental, and dental hospitalization insurance coverage shall continue until the first to occur of (w) the Executive’s return to employment with the Employer or another employer providing equivalent or superior insurance benefits, (x) the Executive’s attainment of age 65, (y) the Executive’s death, or (z) the end first anniversary of the term remaining under this Agreement when the Executive’s employment terminatestermination. This section 4.2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the Employer’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical and life insurance benefits.

Post-Termination Insurance Coverage. (a) Subject to section 4.2(b), if the Executive’s employment terminates involuntarily but without Cause, Cause or voluntarily but with Good Reason, or because of disability, the Employer Bank shall continue or cause to be continued at the EmployerBank’s expense and on behalf of the Executive and the Executive’s dependents and beneficiaries medical and dental insurance coverage as in effect during and in accordance with the same schedule prevailing in the 12 months preceding the date of the Executive’s termination. The medical and dental insurance benefits provided by this section 4.2(a) shall be reduced if the Executive obtains disability, medical, medical or dental insurance benefits through another employerBank, or eliminated entirely if the other employerBank’s insurance benefits are equivalent or superior to the benefits provided under this section 4.2(a). If the insurance benefits are reduced, they shall be reduced by an amount such that the Executive’s aggregate insurance benefits for the period specified in this section 4.2(a) are equivalent to the benefits to which the Executive would have been entitled had the Executive not obtained disability, medical, medical or dental insurance benefits through another employerBank. The medical and dental insurance coverage shall continue until the first to occur of (w) the Executive’s return to employment with the Employer Bank or another employer Bank providing equivalent or superior insurance benefits, (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. This section 4.2 shall not be interpreted to limit any benefits to which the Executive or the Executive’s dependents or beneficiaries may be entitled under any of the EmployerBank’s employee benefit plans, agreements, programs, or practices after the Executive’s employment termination, including without limitation retiree medical benefits.