Benefit Coverages Sample Clauses

Benefit Coverages. During the Employment Term, Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company's senior level executives as a group or to its employees generally, as such plans or programs may be in effect from time to time (the "Benefit Coverages"), including, without limitation, pension, profit sharing, savings and other retirement plans or programs, medical, dental, hospitalization, short-term and long-term disability and life insurance plans, accidental death and dismemberment protection and travel accident insurance.
Benefit Coverages. During the Employment Term, the Company shall provide medical and dental coverage for the Executive and the Executive’s dependents at no cost to the Executive; provided that if the provision of any such coverage under a fully-insured plan would subject the Company to an excise tax, then the foregoing provision shall cease to apply. During such Employment Term, the Executive shall also be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives as a group or to its employees generally, as such plans or programs may be in effect from time to time (the “Benefit Coverages”), including, without limitation, pension, profit sharing, savings and other retirement plans or programs, short-term and long- term disability and life insurance plans, accidental death and dismemberment protection and travel accident insurance. During such Employment Term, the Company will also use commercially reasonable efforts to obtain and maintain, at the Company’s sole cost, (i) a life insurance policy providing a $3,000,000 death benefit to the beneficiary(ies) designated by the Executive under such policy, and (ii) a disability insurance policy or policies that provide, in the aggregate, benefits to the Executive of $2,000,000 in the event the Executive becomes disabled (as defined under such policy). The Company will use its commercially reasonable efforts to obtain a life insurance policy pursuant to clause (i) and a disability insurance policy(ies) pursuant to clause (ii) that are transferable to Executive upon his termination of employment, and if such insurance is obtained, the Company shall take all steps necessary to transfer such policy(ies) to the Executive, at his request, upon his termination of employment, with all costs and premiums of such policy(ies) to be paid solely by Executive following his termination of employment. The Executive agrees to submit to a physical examination at any reasonable time requested by the Company for the purpose of obtaining life insurance or disability insurance with respect to the Executive; provided, however, that the Company shall bear the entire cost of such examination.
Benefit Coverages. During the Employment Term, Employee shall be entitled to participate in all employee pension and welfare (medical and dental) benefit plans and programs made available to the Company's employees generally, as such plans or programs may be in effect from time to time (the "Benefit Coverages"). Employee shall be entitled to three weeks paid vacation per year. In addition, Employee shall be entitled to holidays and sick days in accordance with the Company's policies and procedures.
Benefit Coverages. During the Employment Term, in lieu of receiving the health benefits typically provided to its senior executives, the Company shall provide Executive with a monthly check in the sum of One Thousand Dollars ($1,000) to permit Executive to maintain his current health benefits, which check shall be provided on or before the fifth (5th) day of each calendar month. During such Employment Term, the Executive shall also be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior level executives as a group or to its employees generally, as such plans or programs may be in effect from time to time (the “Benefit Coverages”), including, without limitation, pension, profit sharing, savings and other retirement plans or programs, short-term and long- term disability and life insurance plans, accidental death and dismemberment protection and travel accident insurance.