Employee shall be entitled during the term of this Agreement to participate in all health and dental insurance and group life insurance benefit plans providing benefits generally applicable to the employees of the Corporation as may be modified from time to time.
Employee shall be entitled during the term of this Agreement to participate in all
health insurance and group life insurance benefit plans providing benefits generally applicable to the
employees of Monmouth Real Estate Investment Corp. as may be modified from time to time.
Life Insurance. Executive will be entitled to term life insurance coverage for the benefit of Executive, his family or estate as he may direct provided under the terms of the group policy offered to all employees, except that Employer will pay Executive’s portion of the cost thereof.
Life Insurance. If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer.
Life Insurance. A Participant who is not eligible for coverage under the Employer’s retiree life insurance plan shall be entitled, for the one-year period following the Participant’s Date of Termination to life insurance coverage at the Employer’s expense in an amount equal to the group term life insurance coverage in effect for such Participant under the Employer’s group term life insurance plan for active employees as of his Date of Termination.
Life Insurance. The Company shall renew for an additional ten (10) year term the existing ten (10) year term life insurance policy in the sum of covering the life of the President and CEO and having as its beneficiary the spouse and heirs of ; provided, that the President and CEO may designate in writing from to time any other person or entity as its beneficiary. For as long as the President and CEO is employed by the Company, all premiums and costs associated with such term life insurance policy shall be for the account of the Company.
HEALTH INSURANCE. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense following the Separation Date. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. You will be provided with a separate notice describing your rights and obligations under COBRA.
participate in such retirement, health (medical, hospital and/or dental) insurance, life insurance, disability insurance, flexible benefits arrangements and accident insurance plans and programs as are maintained in effect from time to time by the Corporation for its headquarters employees;
Among the other benefits offered to you is unlimited vacation, an annual health care screen from Cedars Sinai, an Executive whole life insurance policy valued at , our comprehensive health care benefits plan, a competitive Plan and a Severance and a Change in Control Agreement.
Such coverage shall commence no earlier than the Participant’s Termination Date. The Participant shall be charged the full cost of retiree coverage under these plans.
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