Executive Plans. The Executive shall be eligible (subject to the --------------- terms and conditions of particular plans and programs) to participate in such medical, hospitalization, group health, dental, accident, disability and life insurance programs and plans, such 401(k) plans, profit sharing, stock option, incentive compensation and stock purchase plans and such other employee benefit programs to the same extent such plans and programs are made generally available by the Company to all of its other similarly-situated executive employees. The Company may alter, modify, add to or delete its benefit plans at any time as the Company or its Board may determine, in its sole judgment, to be appropriate without recourse by the Executive, provided the same does not single out the Executive. Nothing herein shall be construed as requiring the Company to establish or continue any particular benefit plan in discharge of its obligations under this Agreement.
Executive Plans. (a) Establishment of Resources Executive Plans. Effective as of the Distribution Date or such other date as REI and Resources may mutually agree, Resources shall establish the Resources Executive Plans which shall be substantially comparable to the REI Executive Plans. As of the Distribution Date, Resources shall assume all Liabilities to or relating to the Resources Employees under the REI Executive Plans, and REI shall transfer the split dollar life insurance policies under the Executive Life Insurance Plan attributable to such Resources Employees to Resources. As of the Distribution Date, REI shall assume all Liabilities to or relating to Resources Retired Employees under the REI Executive Plans.
Executive Plans. The Executive (together with his spouse and minor children) shall be covered, at the Company's or an Affiliated Company's expense, by any and all of the Company's (or appropriate Affiliated Company's) group health, dental, life insurance and disability plans ("Insurance Plans") made available to senior executives of the Company in the United States generally.
Executive Plans. The Executive shall be eligible (subject to the --------------- terms and conditions of particular plans and programs) to participate in such medical, hospitalization, group health, accident, disability and life insurance programs and plans, such 401(k) plans, profit sharing, stock option, incentive compensation and stock purchase plans and such other employee benefit programs to the same extent such plans and programs are made generally available by the Company to all of its other similarly-situated executive employees. The Company may alter, modify, add to or delete its benefit plans at any time as the Company or its Board may determine, in its sole judgment, to be appropriate. Nothing herein shall be construed as requiring the Company to establish or continue any particular benefit plan in discharge of its obligations under this Agreement.
Executive Plans. Executive shall be eligible to participate, to the extent it is legal and permitted by the applicable plans, policies or contracts, in all benefits or fringe benefits which are in effect generally for the Company’s executive personnel from time to time.
Executive Plans. If the Executive's employment hereunder is terminated at any time for any reason (including by reason of a failure to renew or extend this Agreement prior to the expiration of the Initial Term), then the Executive (if he be alive) and his spouse and minor children shall continue, for the period of time from and after the effective date of such termination until the date specified hereinbelow, to be covered, at the Company's or an Affiliated Company's expense, by any and all of the Company's (or appropriate Affiliated Company's) Insurance Plans made available to senior executives of the Company in the United States generally. Such period of time shall end: (i) in the case of a termination on or after the expiration of the Initial Term, on the earlier to occur of (x) the first anniversary of such termination and (y) the date that the Executive shall have obtained other employment with Insurance Plan benefits equivalent to (or in excess of) those provided for under this Agreement; and (ii) in the case of a termination prior to the expiration of the Initial Term, on the earlier to occur of (x) the June 30, 2006 and (y) the date that the Executive shall have obtained other employment with Insurance Plan benefits equivalent to (or in excess of) those provided for under this Agreement.
Executive Plans. Effective as of the date a Transition Individual is transferred to Downstream, any outstanding Pennzoil Award held by such Transition Individual on such date shall be canceled and replaced by a Conversion Award on the same terms and conditions as if such Transition Individual had been a Downstream Individual immediately after the Distribution Date, using as the value of the Pennzoil Common Stock, the average of the closing prices thereof for the three trading days ended immediately prior to the date of such transfer, and in the case of the Downstream Common Stock, the average of the closing prices thereof on each of the first three trading days ended after the date of such transfer.
Executive Plans. During the Term of this Agreement, the Executive shall participate in all Executive benefit and insurance plans or programs established and paid by Xxxxxxx Star Resources in its full discretion and from which he is not excluded from participating by reason of the terms and conditions in the respective plans or programs. The Executive shall be eligible to participate in such health, medical, dental, disability and life insurance coverage as the Corporation has in effect from its senior management from time to time.
Executive Plans. Notwithstanding Executive’s resignation as of the Separation Date, the Company shall pay to Executive an amount equal to the value of such Performance Unit Awards (“PUP”) and Covered Employee Annual Incentive Awards (Short Term Incentive Plan) as would otherwise have been payable to Executive under the terms of the Company’s Annual and Long-Term Incentive Plan for the Plan Year ending December 2, 2006 (the “Plan”) and Executive’s Award Agreement. The payment(s) shall be made to Executive at the same time(s) as payments are made to other participants under the terms of the Plan, but in no event later than March 15, 2007.
Executive Plans. The benefit of each Spinco Employee under the HP Co. Executive Plans will be the benefit earned by the Spinco Employee (if any) as of the Distribution Date. Effective as of the Distribution Date, Spinco Employees shall cease to accrue additional benefits under the HP Co. Executive Plans. The HP Co. Executive Plans will be amended (subject to HP Co. Executive Plan requirements) by HP Co. to provide that distributions will not be made from such plans until the Spinco Employee terminates employment with Spinco and its affiliates.
