Incentive and Savings Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, retirement and savings plans, practices, policies and programs applicable generally to employees of the Company at the senior executive level, excluding the Chief Executive Officer. Certain executive programs will be made available on a selective basis at the discretion of the Chief Executive Officer, the Board of Directors of the Company (the “Board”) or the Committee. Without limiting the foregoing, the following shall apply:
Incentive and Savings Plans. During the Employment Period, the Executive shall be entitled to participate in all incentive and savings plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable) and savings opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.
Incentive and Savings Plans. In addition to the Base Salary and participation in the Bonus Programs, during the Employment Period the Executive shall be entitled to participate in all incentive and savings plans and programs, including, but not limited to, stock option plans and retirement plans, as may be in effect from time to time with respect to executives employed by Mattel at the Executive's level so as to reflect the Executive's responsibilities.
Incentive and Savings Plans. In addition to the Base Salary and --------------------------- participation in the Bonus Programs, during the Employment Period the Executive shall be entitled to participate in all incentive and savings plans and programs, including, but not limited, to stock option plans and retirement plans, as may be in effect from time to time with respect to executives employed by Mattel at the Executive's level so as to reflect the Executive's responsibilities. Notwithstanding the foregoing, it is expressly and specifically provided that the Company, upon commencement of Executive's employment, shall grant to Executive an initial grant of 200,000 stock options under the terms of the 1996 Mattel Stock Option Plan. Over the initial 3-year period of Executive's employment, it is agreed that Executive shall receive stock option grants of not less than an aggregate of 500,000 stock options issued under the terms of the 1996 Mattel Stock Option Plan or any successor plan. In ensuing years, Executive shall receive annual grants of stock options under one or more of Mattel's Stock Option Plans as in effect from time to time in accordance with Mattel's policies and practices for other executives. It is further provided that Executive shall be accorded full Mattel credit for all prior service accrued while in the employ of Tyco Toys, Inc., and such credit shall be applicable in the computation of all of Mattel's benefits-related plans and programs, specifically including the Mattel 1994 Supplemental Executive Retirement Plan ("SERP"), which provide thereupon for a service-related component in the computation of Executive's eligibility for benefits and/or the receipt thereof.
Incentive and Savings Plans. In addition to the Base Salary and participation in the Bonus Programs, during the Employment Period the Executive shall be entitled to participate in all incentive and savings plans and programs, including, but not limited to, stock option plans and retirement plans, as may be in effect from time to time with respect to executives employed by Mattel. It is hereby provided that in consideration of Executive's agreement herein to waive and renounce any and all rights and benefits under the 1990 Supplemental Executive Retirement Plan, Executive shall become vested in the 1994 Supplemental Executive Retirement Plan ("SERP") upon attaining age 50, provided however, that Executive's eligibility to receive benefits under the SERP shall be postponed until Executive attains age 55, at which time, the benefit component attributable to Executive's age shall be based on an early retirement benefit (full benefit reduced by 25%) as if the Executive had attained age 55 upon retirement.
Incentive and Savings Plans. During the Employment Period, Employee shall be entitled to participate in incentive and savings plans, practices, policies and programs applicable generally to employees of the Company. Certain employee programs will be made available on a selective basis at the discretion of the Chief Executive Officer or the Compensation Committee of the Board. Without limiting the foregoing, the following shall apply:
Incentive and Savings Plans. 2 (c) Welfare Benefit Plans................................................................. 3 (d) Expenses.............................................................................. 3 (e)
Incentive and Savings Plans. In addition to the Base Salary and any annual bonus payable as provided in this Agreement, the Executive shall be entitled to participate in all applicable incentive and savings plans and programs (including, when applicable, the Incentive Stock Option and Nonstatutory Stock Option Plan) and in all applicable retirement and pension plans on a basis providing him or her with the opportunity to receive compensation (without duplication of any annual bonus) and benefits equal to those provided by the Company and its affiliated companies for the Executive under such plans and programs as in effect any time during the 90-day period immediately preceding the effective date of this Agreement or, if more favorable to the Executive, as in effect at any time thereafter with respect to executives with comparable responsibilities.
Incentive and Savings Plans. In addition to the Base Salary and --------------------------- participation in the Bonus Programs, during the Employment Period the Executive shall continue to be entitled to participate in all incentive and savings plans and programs, including stock option plans, as well as in all retirement plans as may be in effect from time to time with respect to executives employed by Avery at Executive's level reflecting Executive's responsibilities.
Incentive and Savings Plans. In addition to the Base Salary and --------------------------- participation in the Bonus Programs, during the Employment Period the Executive shall be entitled to participate in all incentive and savings plans and programs, including, but not limited, to stock option plans and retirement plans, as may be in effect from time to time with respect to executives employed by Mattel at the Executive's level so as to reflect the Executive's responsibilities. Notwithstanding the foregoing, it is expressly and specifically provided that the Company shall cause to be effected an initial grant of 200,000 stock options to Executive upon commencement of his employment with the Company and further, over the initial 3-year period of his employment, Executive shall receive grants of not less than an aggregate of 500,000 stock options, inclusive of the aforestated initial grant and pursuant to Executive's eligibility for annual grants of stock options. Executive shall be accorded full Mattel credit for all prior service accrued while in the employ of Tyco Toys, Inc., and such credit shall be applicable in the computation of all of Mattel's benefits-related plans and programs, specifically including the Mattel 1994 Supplemental Executive Retirement Plan ("SERP"), which provide thereupon for a service-related component in the computation of Executive's eligibility for benefits and/or receipt thereof.
