Common use of Executive Benefit Programs Clause in Contracts

Executive Benefit Programs. During the Specified Term, Executive shall be entitled to participate in all of Employer’s benefit plans (“Plans”) as are generally made available from time-to-time to Employer’s executives, subject to the terms and conditions of such plans, and subject to Employer’s right to amend, terminate or take other similar actions with respect to such plans. To the extent such Plans include life insurance, the Company agrees to provide life insurance on terms and conditions no less favorable than similarly situated executives. Executive shall receive a maximum reimbursement of three thousand dollars ($3,000.00) per calendar year for unreimbursed medically necessary expenses incurred in the same calendar year and submitted in accordance with Employer’s expense reimbursement procedures.