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 Executive benefit plans (the "Plans") as are generally made available from time to time to Employer's senior 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 Executive life insurance on terms and conditions no less favorable than similarly situated senior executives. The Executive shall receive a maximum reimbursement of five thousand dollars ($5,000) per calendar year for unreimbursed medically necessary expenses incurred in the same calendar year and submitted in accordance with Company expense procedures.

Appears in 2 contracts

Samples: Employment Agreement (Majestic Star Casino Capital CORP), Employment Agreement (Majestic Star Casino LLC)

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Executive Benefit Programs. During the Specified Term, Executive shall be entitled to participate in all of Employer's Executive ’s benefit plans (the "Plans") as are generally made available from time to time-to-time to Employer's senior ’s executives, subject to the terms and conditions of such plans, and subject to Employer's ’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 Executive life insurance on terms and conditions no less favorable than similarly situated senior executives. The Executive shall receive a maximum reimbursement of five thousand dollars ($5,0005,000.00) per calendar year for unreimbursed medically necessary expenses incurred in the same calendar year and submitted in accordance with Company Employer’s expense reimbursement procedures.

Appears in 2 contracts

Samples: Employment Agreement (Majestic Holdco, LLC), Employment Agreement (Majestic Holdco, LLC)

Executive Benefit Programs. During From January 1, 2009 through the end of the Specified Term, Executive shall be entitled to participate in all of Employer's Executive benefit plans (the "Plans") as are generally made available from time to time-to-time to Employer's senior executives, subject to the terms and conditions of such plans, and subject to Employer's right to amend, terminate terminate, or take other similar actions with respect to such plans. To the extent such Plans include life insurance, the Company agrees to provide Executive life insurance on terms and conditions no less favorable than similarly situated senior executives. The Executive shall receive a maximum reimbursement of five thousand dollars ($5,0005,000.00) per calendar year for unreimbursed medically necessary expenses incurred in the same calendar year and submitted in accordance with Company Employer’s expense reimbursement procedures.

Appears in 1 contract

Samples: Employment Agreement (Majestic Star Casino Capital CORP)

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Executive Benefit Programs. During the Specified Term, Executive shall be entitled to participate in all of Employer's Executive benefit plans (the "Plans") as are generally made available from time to time to Employer's senior 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 Executive life insurance on terms and conditions no less favorable than similarly situated senior executives. The Executive shall receive a maximum reimbursement of five thousand dollars Five Thousand Dollars ($5,0005,000.00) per calendar year for unreimbursed un- reimbursed medically necessary expenses incurred in the same calendar year and submitted in accordance with Company expense proceduresPolicy.

Appears in 1 contract

Samples: Employment Agreement (Majestic Star Casino Capital CORP)

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