Common use of Executive Benefit Plans Clause in Contracts

Executive Benefit Plans. The Executive will be eligible to participate in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

Appears in 10 contracts

Samples: Employment Agreement (SPX Corp), Employment Agreement (SPX Corp), Employment Agreement of Sharon Jenkins (SPX Corp)

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Executive Benefit Plans. The Executive will be eligible to participate on substantially the same basis as the Company’s other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 8 contracts

Samples: Employment Agreement (SPX Corp), Employment Agreement of Jay Caraviello (SPX Corp), Employment Agreement (SPX Corp)

Executive Benefit Plans. The Executive will be eligible to ----------------------- participate on substantially the same basis as the Company's other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 4 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

Executive Benefit Plans. The Executive will shall be eligible to participate in any executive benefit plans offered by the Company to similarly situated executive employees including, without limitation, medical, dental, short-term and long-term disability, lifelife insurance, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine from time to time in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the its plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

Appears in 4 contracts

Samples: Employment Agreement (Textura Corp), Employment Agreement of William Eichhorn (Textura Corp), Employment Agreement (Textura Corp)

Executive Benefit Plans. The As the Board may determine in its discretion, the Executive will be eligible to participate in any executive benefit plans offered by the Company to similarly situated officers including, without limitation, medical, dental, short-term and long-term disability, lifelife insurance, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

Appears in 3 contracts

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

Executive Benefit Plans. The Executive will be eligible to participate on substantially the same basis as the Company's other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pensionqualified pension and 401(k), profit sharing and nonqualified pension and deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 2 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

Executive Benefit Plans. The Executive will be eligible to participate on substantially the same basis as the Company’s other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 1 contract

Samples: Employment Agreement of John Riconosciuto (Smurfit Stone Container Corp)

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Executive Benefit Plans. The As the Board may determine in its discretion, the Executive will be eligible to participate in any executive benefit plans offered by the Company to similarly situated officers including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing life insurance and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

Appears in 1 contract

Samples: Employment Agreement (SPX Corp)

Executive Benefit Plans. The Executive will be eligible to participate on substantially the same basis as the Company’s other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pensionqualified pension and 401(k), profit sharing and nonqualified pension and deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 1 contract

Samples: Employment Agreement (Smurfit Stone Container Corp)

Executive Benefit Plans. The Executive will be eligible to participate on substantially the same basis as the Company's other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers.

Appears in 1 contract

Samples: Employment Agreement (SPX Corp)

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