Hudson Technologies, Inc. Long Term Care Insurance Plan Summary for Officers
Hudson Technologies, Inc. offers long term care insurance to eligible company officers, including named executive officers. The company pays the premiums, providing coverage of up to $7,500 per month (or $90,000 per year, adjusted annually) for long term care costs. After ten years, the insurance policy is fully paid and remains in effect even if the officer leaves the company.
Exhibit 10.1
Hudson Technologies, Inc.
Long Term Care Insurance Plan Summary
The Company provides long term care insurance coverage to eligible officers of the Company, including the named executive officers, the premiums for which are paid by the Company. The coverage includes payment, or reimbursement, of up to $7,500 per month of long term care costs, or $90,000 per year adjusted annually. Long term care insurance policies will be fully paid after ten years and once fully paid will continue following separation from employment.
