Common use of Executive Benefit Programs Clause in Contracts

Executive Benefit Programs. Executive shall be entitled to participate in all Executive pension and welfare benefit plans and programs made available to the Company's senior level executives or to its executives generally, as such plans or programs may be in effect from time to time, including, without limitation, pension, profit sharing, savings and other retirement plans or programs, medical, dental, hospitalization, short-term and long-term disability and life insurance plans, accidental death and dismemberment protection, travel accident insurance, and any other pension or retirement plans or programs and any other Executive welfare benefit plans or programs that may be sponsored by the Company from time to time, including any plans that supplement the above-listed types of plans or programs, whether funded or unfunded. The Executive shall be entitled to participate in all such programs and plans on a basis that is no less favorable than any other person. With respect to any post-retirement welfare benefits, Executive shall be entitled to participate on a basis no less favorable than that of any other person provided that for this purpose the Executive's period of employment shall be deemed to be the period necessary to obtain the maximum level of such benefits.