Common use of Incentive and Benefit Plans Clause in Contracts

Incentive and Benefit Plans. Executive will be entitled to participate in those incentive compensation and benefit plans reserved for the Company's executives, including any stock option plan maintained by the Company, in accordance with the terms of such compensation and benefit plans. Additionally, the Executive shall be entitled to participate in any other benefit plans sponsored by company, including but not limited to, any savings plan, life insurance plan and health insurance plan available generally to employees of Company from time to time, subject to any restrictions specified in, or amendments made to, such plans. The Executive shall be entitled to four (4) weeks vacation during the calendar year, and such additional vacation time as the Board shall approve, with such vacation to be scheduled and taken in accordance with the Company's standard vacation policies, but this provision is not intended to interfere with or limit Executive's discretion to determine the appropriate time to be devoted to his duties hereunder.

Incentive and Benefit Plans. Executive will be entitled to participate in those incentive compensation and benefit plans reserved for the Company's executives, including any stock option plan maintained by the Company, in accordance with the terms of such compensation and benefit plans. Additionally, the Executive shall be entitled to participate in any other benefit plans sponsored by companyCompany, including but not limited to, any savings plan, life insurance plan and health insurance plan available generally to employees of Company from time to time, subject to any restrictions specified in, or amendments made to, such plans. The Executive shall be entitled to four (4) weeks vacation during the calendar year, and such additional vacation time as the Board shall approve, with such vacation to be scheduled and taken in accordance with the Company's standard vacation policies, but this provision is not intended to interfere with or limit Executive's discretion to determine the appropriate time to be devoted to his duties hereunder.