Common use of Other Employee Benefit Plans Clause in Contracts

Other Employee Benefit Plans. During the Term, Executive shall be entitled to participate in all employee, Executive or key-employee benefit or incentive compensation plans maintained or established by the Company for the purpose of providing compensation and/or benefits to employees, Executives or key employees, generally, including without limitation, all pension, retirement, profit sharing, savings, stock option, deferred compensation and/or restricted stock grants. Unless otherwise provided herein, the compensation and benefits hereunder, and Executive's participation in such plans, practices and programs shall be on the same basis and terms as applicable to the other eligible participants in the particular plan, practice or program. No additional compensation provided under any such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's entitlements hereunder.

Appears in 11 contracts

Samples: Employment Agreement (Stratex Oil & Gas Holdings, Inc.), Employment Agreement (Stratex Oil & Gas Holdings, Inc.), Employment Agreement (Stratex Oil & Gas Holdings, Inc.)

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Other Employee Benefit Plans. During the Term, Executive shall be entitled to participate in all employee, Executive or key-employee benefit or incentive compensation plans maintained or established by the Company for the purpose of providing compensation and/or benefits to employees, Executives or key employees, generally, including without limitation, all pension, retirement, profit sharing, savings, stock option, deferred compensation and/or restricted stock grants. Unless otherwise provided herein, the compensation and benefits hereunder, and Executive's ’s participation in such plans, practices and programs shall be on the same basis and terms as applicable to the other eligible participants in the particular plan, practice or program. No additional compensation provided under any such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's ’s entitlements hereunder.

Appears in 7 contracts

Samples: Employment Agreement (Dune Energy Inc), Employment Agreement (Dune Energy Inc), Employment Agreement (Dune Energy Inc)

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Other Employee Benefit Plans. During the Term, Executive shall be entitled to participate in all employee, Executive executive or key-employee benefit or incentive compensation plans maintained or established by the Company for the purpose of providing compensation and/or benefits to employees, Executives executives or key employees, generally, including without limitation, all pension, retirement, profit sharing, savings, stock option, deferred compensation and/or restricted stock grants. Unless otherwise provided herein, the compensation and benefits hereunder, and Executive's ’s participation in such plans, practices and programs shall be on the same basis and terms as applicable to the other eligible participants in the particular plan, practice or program. No additional compensation provided under any such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's ’s entitlements hereunder.

Appears in 2 contracts

Samples: Employment Agreement (RICHFIELD OIL & GAS Co), Employment Agreement (Dune Energy Inc)

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