Common use of Executive Benefit Programs Clause in Contracts

Executive Benefit Programs. The Executive is entitled to participate in any pension, 401(k), insurance or other employee benefit plan that is currently maintained by the Company for its executive officers, including programs of life and medical insurance and reimbursement of membership fees in civic, social and professional organizations. However, any changes in these benefits after the date of this Agreement which result in increased costs to the Company shall not be made unless approved by AMSE.