EVOL » Topics » DISABILITY AND LIFE INSURANCE.

This excerpt taken from the EVOL 8-K filed Jan 3, 2008.
DISABILITY AND LIFE INSURANCE.  In lieu of providing continued disability and  life insurance coverage in the same amount as was being provided to Executive at the time of the Qualified Termination (or separation from service, if applicable), the Company shall pay Executive, in monthly installments, commencing on the calendar month immediately following the Qualified Termination Date until the date that is [eighteen (18) (Moseley & Cochran)] [twenty four (24) (Dupper & Ervine)] months after the Qualified Termination, an amount equal to the monthly premium or premiums for disability and life insurance coverage of Executive paid by the Company immediately prior to the Qualified Termination (or separation from service, if applicable).

 

(c)                                 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki