Common use of Benefit Plans Clause in Contracts

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effect, subject to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 15 contracts

Samples: Employment Agreement (Sauer Danfoss Inc), Employment Agreement (Sauer Danfoss Inc), Employment Agreement (Sauer Danfoss Inc)

AutoNDA by SimpleDocs

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled eligible to participate in all of the any employee benefit plansplan that the Company has adopted or may adopt, long term incentive plans, retirement plans, programs, agreements and arrangements provided maintain or contribute to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 10 contracts

Samples: Employment Agreement (Solo Brands, Inc.), Employment Agreement (Solo Brands, Inc.), Employment Agreement (Solo Brands, Inc.)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plansplan that the Company has adopted or may adopt, long term incentive plans, retirement plans, programs, agreements and arrangements provided maintain or contribute to for the benefit of its senior executives of the Company, as such are in effectemployees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent that such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided for hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 8 contracts

Samples: Employment Agreement (Gener8 Maritime, Inc.), Employment Agreement (Gener8 Maritime, Inc.), Employment Agreement (General Maritime Corp / MI)

Benefit Plans. During the Employment Periodterm of his employment, the Executive shall be entitled to participate in all of the Company's management employee benefit plans, long term incentive plans, benefits and retirement plans, programsas they are in existence on the date of this Agreement, agreements and arrangements provided or as they may be amended or added hereafter, to senior executives of the same extent as the Company, as such are in effect, subject to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements's other senior executive officers. The Company reserves shall be under no obligation solely as a result of this Agreement to institute or continue the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at existence of any timeemployee benefit plan.

Appears in 6 contracts

Samples: Employment Agreement (WHX Corp), Employment Agreement (Wheeling Pittsburgh Corp /De/), Employment Agreement (WHX Corp)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plansplans and programs that the Company has adopted or may adopt, long term incentive plans, retirement plans, programs, agreements and arrangements provided maintain or contribute to for the benefit of its senior executives of the Company(or employees generally, as if senior executives are eligible to participate in such are in effect, plan). The Executive’s participation will be subject to the eligibility requirements terms of the applicable plan documents and terms and conditions of such plansgenerally applicable Company policies. Notwithstanding the foregoing, programs, agreements and arrangements. The the Company reserves the right, in its sole discretion, to adopt, modify, amend may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 5 contracts

Samples: Employment Agreement (Frontier Communications Parent, Inc.), Employment Agreement (Frontier Communications Parent, Inc.), Employment Agreement (Frontier Communications Parent, Inc.)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided plan that the Company has adopted or may adopt or maintains or contributes to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements requirements, and terms and conditions except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 4 contracts

Samples: Employment Agreement (Rallybio Corp), Employment Agreement (Rallybio Corp), Employment Agreement (Rallybio Corp)

Benefit Plans. During the Employment Periodemployment term, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of programs as the Company, as such are in effectfrom time to time, subject makes available to the eligibility requirements Company's senior executives, including, without limitation, medical, disability and terms life insurance, and conditions of such retirement plans, programs, agreements and arrangements. The Company reserves Executive shall be provided with the right, in its sole discretion, use of a leased car at the Company's expense and shall be entitled to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.other perquisites set forth on Schedule A.

Appears in 2 contracts

Samples: Employment Agreement (Aqua Chem Inc), Employment Agreement (Aqua Chem Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled eligible to participate in all of the any employee benefit plansplan that the Company has adopted or may adopt, long term incentive plans, retirement plans, programs, agreements and arrangements provided maintain or contribute to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided to hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 2 contracts

Samples: Employment Agreement (Falcon Minerals Corp), Employment Agreement (Falcon Minerals Corp)

Benefit Plans. During the Employment Period, the Executive shall be entitled eligible to participate in all of the employee benefit plans, long term incentive plansprograms or arrangements on the terms and conditions, retirement plansincluding eligibility, programs, agreements and arrangements no less favorable than provided to other senior executives of the Company, which shall be established or maintained by the Company generally for its employees, or generally made available to its senior executives; provided, however, that participation in the Company’s Executive Cash Bonus Plan, 2008 Stock Option and Stock Incentive Plan and/or other equity and incentive plans shall be as such are in effect, subject to determined by the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, Compensation Committee in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timeas described in Section 2.

Appears in 2 contracts

Samples: Employment Agreement (Dorman Products, Inc.), Employment Agreement (Dorman Products, Inc.)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement and health plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effecteffect from time to time, subject to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 2 contracts

Samples: Executive Officer Employment Agreement (Sauer Danfoss Inc), Executive Officer Employment Agreement (Sauer Danfoss Inc)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of plans adopted for the employee general benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company's employees or executive employees, such as such are in effectpension plans, medical plans, investment plans and group or other insurance plans and benefits, to the extent that the Executive is and remains eligible to participate therein and subject to the eligibility requirements and terms and conditions provisions of such plans, programs, agreements and arrangementsplans in effect from time to time. The Executive shall be reimbursed for his reasonable out-of-pocket expenses incurred in the performance of his duties upon submission of appropriate evidence thereof in conformity with normal Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timepolicy.

Appears in 2 contracts

Samples: Employment Agreement (Infinite Technology Group LTD), Employment Agreement (Infinite Technology Group LTD)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives generally, including medical, dental and vision plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effect, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent that such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided for hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 2 contracts

Samples: Employment Agreement (Genesis Park Acquisition Corp.), Employment Agreement (Genesis Park Acquisition Corp.)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided plans that the Company maintains or contributes to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time, according to the terms of such employee benefit plan.

Appears in 2 contracts

Samples: Employment Agreement (Broad Street Realty, Inc.), Employment Agreement (Broad Street Realty, Inc.)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of plans adopted for the employee general benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company's executive employees, such as such are in effectpension plans, medical plans, investment plans and group or other insurance plans and benefits (including disability and life insurance plans) to the extent that the Executive is and remains eligible to participate therein and subject to the eligibility requirements and terms and conditions provisions of such plans, programs, agreements and arrangements. The Company reserves the right, plans in its sole discretion, effect from time to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 2 contracts

Samples: Employment Agreement (Whitewing Environmental Corp), Employment Agreement (Whitewing Environmental Corp)

Benefit Plans. During the Employment Periodperiod of the Executive’s employment hereunder, the Executive shall be entitled to participate in all any current or future benefits plans available to employees or senior officers of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of Company in accordance with the Company, as such are in effect, subject to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, as they may be modified or eliminated from time to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 1 contract

Samples: Waiver and Release Agreement (Bank of Marin Bancorp)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all retirement and employment benefit plans and programs of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided Company that are generally available to senior executives of the Company, as such are in effect, subject . Such participation shall be pursuant to the eligibility requirements and terms and conditions of such plans, plans and programs, agreements and arrangements. The Company reserves as the right, in its sole discretion, same shall be amended from time to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 1 contract

Samples: Employment Agreement (Advance Auto Parts Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives generally, including medical, dental and vision plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effect, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent that such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided for hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.. (c)

Appears in 1 contract

Samples: Employment Agreement (Redwire Corp)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all such employee benefit plans or programs, including medical, dental, life, accident and disability insurance, pension, incentive compensation and other benefit plans as the Company may have in effect, from time to time, upon terms and in accordance with policies and procedures of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements Company then in effect and arrangements provided applicable to senior executives similarly situated executive officers and other key management employees of the Company, as such are in effectprovided, subject to however, that the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, right to adopt, modify, amend or terminate discontinue any such plans, programs, agreements and arrangements plans at any time.

Appears in 1 contract

Samples: Employment Agreement (Dynamicweb Enterprises Inc)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to employees generally and to senior executives of the Company, as such are in effecteffect from time to time, subject to consistent with the eligibility requirements and terms and conditions of thereof and on a basis no less favorable than that provided to such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timesenior executives.

Appears in 1 contract

Samples: Employment Agreement (Lesco Inc/Oh)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the employee benefit plansplans that the Company has adopted or may adopt, long term incentive plans, retirement plans, programs, agreements and arrangements provided maintain or contribute to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided to hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 1 contract

Samples: Employment Agreement (Gerson Lehrman Group, Inc.)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all employee and fringe benefit plans that the Company has adopted or may adopt, maintain or contribute to for the benefit of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided to hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 1 contract

Samples: Employment Agreement (Gerson Lehrman Group, Inc.)

Benefit Plans. During the Employment Period, the Executive (and, where appropriate, his spouse and children) shall be entitled to participate in all of plans adopted for the employee general benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company's executive employees, such as such are in effectpension plans, medical plans, investment plans and group or other insurance plans and benefits (including disability and life insurance plans) to the extent that the Executive is and remains eligible to participate therein and subject to the eligibility requirements and terms and conditions provisions of such plans, programs, agreements and arrangements. The Company reserves the right, plans in its sole discretion, effect from time to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 1 contract

Samples: Employment Agreement (Whitewing Environmental Corp)

AutoNDA by SimpleDocs

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of plans adopted for the employee general benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company's employees or executive employees, such as such are in effectpension plans, medical plans, disability plans, investment plans and group or other insurance plans and benefits, to the extent that the Executive is and remains eligible to participate therein and subject to the eligibility requirements and terms and conditions provisions of such plansplans in effect from time to time; provided, programshowever, agreements and arrangements. The Company reserves the rightthat such benefits shall not be less, in its sole discretionthe aggregate, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.than those in effect on March

Appears in 1 contract

Samples: Employment Agreement (Alliance Entertainment Corp)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided plan that the Company has adopted or may adopt or maintains or contributes to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements requirements, and terms and conditions except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.. (b)

Appears in 1 contract

Samples: Employment Agreement (Rallybio Corp)

Benefit Plans. During the Employment Periodemployment term, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of programs as the Company, as such are in effectfrom time to time, subject makes available to the eligibility requirements Company's senior executives, including, without limitation, medical, disability and terms life insurance, and conditions of such retirement plans, programs, agreements and arrangements. The Company reserves Executive shall be provided with the right, in its sole discretion, use of a leased EXHIBIT 10.6 car at the Company's expense and shall be entitled to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.other perquisites set forth on Schedule A.

Appears in 1 contract

Samples: Employment Agreement (Aqua Chem Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, including medical, dental and vision plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effect, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent that such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided for hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 1 contract

Samples: Employment Agreement (BigBear.ai Holdings, Inc.)

Benefit Plans. During the Employment PeriodPeriod and as otherwise provided herein, the Executive shall be entitled to participate in any and all of the employee welfare and health benefit plans (including, but not limited to life insurance, health and medical, dental and disability plans) and other employee benefit plans, long term incentive including but not limited to qualified pension plans, retirement plans, programs, agreements established by the Company from time to time for the general and arrangements provided to senior overall benefit of executives of the Company, . Nothing herein contained shall be construed as such are requiring the Company to establish or continue any particular benefit plan in effect, subject to the eligibility requirements and terms and conditions discharge of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timeobligations hereunder.

Appears in 1 contract

Samples: Employment Agreement (Vector Group LTD)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in any and all of the employee benefit plansmedical, long term incentive pension, dental and life insurance plans and disability income plans, retirement plans, programs, agreements arrangements and arrangements provided other employment benefits as in effect from time to senior executives time for executive officers of the Company, as such are in effect, subject to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timegenerally.

Appears in 1 contract

Samples: Employment Agreement (RoyaltyTraders LLC)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of plans adopted for the employee general benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company's employees or executive employees, such as such are in effectpension plans, medical plans, investment plans, and group or other insurance plans and benefits, to the extent that the Executive is and remains eligible to participate therein and subject to the eligibility requirements and terms and conditions provisions of such plans, programs, agreements and arrangements. The Company reserves the right, plans in its sole discretion, effect from time to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 1 contract

Samples: Employment Agreement (Vsus Technologies Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled eligible to participate in all of the employee benefit plansparticipate, long term incentive plans, retirement plans, programs, agreements and arrangements provided to on a basis at least favorable as other senior executives of the Company, as in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to, except to the extent such plans are in effect, duplicative of the benefits otherwise provided to hereunder. The Executive’s participation will be subject to the eligibility requirements terms of the applicable plan documents and terms and conditions of such plansgenerally applicable Company policies. Notwithstanding the foregoing, programs, agreements and arrangements. The the Company reserves the right, in its sole discretion, to adopt, modify, amend may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 1 contract

Samples: Employment Agreement (Falcon Minerals Corp)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of the employee benefit plansincentive, long term incentive planssavings, welfare and retirement plans, policies and programs (including, without limitation, medical, prescription drug, dental, disability, and employee life insurance plans and programs, agreements and arrangements provided ) available to other senior executives executive officers of the Company, as such are in effect, subject to the eligibility requirements and terms and conditions of such plans, policies and programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any time.

Appears in 1 contract

Samples: Employment Agreement (Keryx Biopharmaceuticals Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to Chairman and/or its senior executives of the Company, as such are in effectexecutive employees generally, subject to satisfying the applicable eligibility requirements and terms and conditions requirements, except to the extent that such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided for hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.

Appears in 1 contract

Samples: Employment Agreement (Gener8 Maritime, Inc.)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all such employee benefit plans or programs, including medical, dental, life, accident and disability insurance, pension, incentive compensation and other benefit plans as the Company may have in effect, from time to time, upon terms and in accordance with policies and procedures of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements Company then in effect and arrangements provided applicable to senior executives similarly situated executive officers and other key management employees of the Company, as such are in effectprovided, subject to however, that the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, right to adopt, modify, amend or terminate discontinue any such plans, programs, agreements and arrangements plans at any time.. (c)

Appears in 1 contract

Samples: Employment Agreement (Dynamicweb Enterprises Inc)

Benefit Plans. During the Employment PeriodTerm, the Executive shall be entitled to participate in all of the any employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided plan that the Company has adopted or may adopt or 3 maintains or contributes to senior executives for the benefit of the Company, as such are in effectits employees generally, subject to satisfying the applicable eligibility requirements requirements, and terms and conditions except to the extent such plans are duplicative of such plans, programs, agreements and arrangementsthe benefits otherwise provided hereunder. The Executive’s participation will be subject to the terms of the applicable plan documents and generally applicable Company reserves policies. Notwithstanding the rightforegoing, in its sole discretion, to adopt, modify, amend the Company may modify or terminate such plans, programs, agreements and arrangements any employee benefit plan at any time.. (b)

Appears in 1 contract

Samples: Employment Agreement (Rallybio Corp)

Benefit Plans. During the Employment Period, the Executive shall be entitled to participate in all of the employee benefit plans, long term incentive plans, retirement plans, programs, agreements and arrangements provided to senior executives of the Company, as such are in effecteffect from time to time, subject on a basis no less favorable than that provided to the eligibility requirements and terms and conditions of such plans, programs, agreements and arrangements. The Company reserves the right, in its sole discretion, to adopt, modify, amend or terminate such plans, programs, agreements and arrangements at any timesenior executives.

Appears in 1 contract

Samples: Employment Agreement (Hayes Lemmerz International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.