Common use of Company Benefits Clause in Contracts

Company Benefits. The Employee will be the beneficiary of and permitted to participate in all of the Company s standard benefit plans and perquisites which are from time to time made available to employees similarly situated. The Employee understands, however, that all such standard benefit plans of the Company are subject to change from time to time and can also be eliminated completely. Employee may elect to purchase disability insurance equal to two-thirds of the base salary of Employee, through an insurance company and agent determined by Employee. Such expense shall be paid by Employee. However, the Company agrees to cause such amount to be withheld from compensation due to Employee on a pre-tax basis, to the extent permissible under the Internal Revenue Code and applicable state statutes and regulations.