PARTICIPATION IN COMPANY PLANS. You will be eligible to participate in any and all of the Company's deferred compensation plans that are made available to executive officers of the Company.
PARTICIPATION IN COMPANY PLANS. Notwithstanding anything to the contrary herein, Executive shall participate in the Company’s employee benefit and perquisite plans, programs, policies and arrangements on a basis that is no less favorable than that applicable to any other participant in such plans, programs, policies and arrangements.
PARTICIPATION IN COMPANY PLANS. Except as specified otherwise in this Agreement or as the Company and KSI may mutually agree, KSI Employees shall, until the applicable Plan Separation Date, continue to participate in the Company 401(k) Plan as provided in Article 3, and in such other Company Plans as provided in Articles 3 through 7.
PARTICIPATION IN COMPANY PLANS. Xxxxxx shall not be entitled to participate, and shall not participate in, any employee benefit plan providing benefits to Company employees, whether presently in force or adopted subsequent to this Agreement, on or after the end of the Employment Term with respect to his Consulting Services. For avoidance of doubt, (a) Xxxxxx shall retain all compensation and benefits that accrued and vested while employed by the Company and that are payable on or after his termination of employment with the Company, and (b) Xxxxxx shall be entitled to receive a matching contribution under the Xxxxxx Corporation Voluntary Deferred Compensation Plan for Key Employees, as amended (the “Deferred Compensation Plan”) with respect to all eligible compensation that is earned as an employee during 2011, including any AICP bonus earned for 2011 that would be payable in 2012, except according to existing elections under the Deferred Compensation Plan.
PARTICIPATION IN COMPANY PLANS. Effective as of the Closing Date, employees of the Purchased Branches shall cease participation in all plans, programs, policies and arrangements maintained for their benefit by Seller or any of its Affiliates.
PARTICIPATION IN COMPANY PLANS. Executive shall be entitled, during the term of his employment hereunder, to participate in such of the Company’s incentive compensation plans and programs as may from time to time be provided by Company for its executive officers at such level as shall be determined by Company’s Compensation Committee or Board of Directors, as appropriate.
PARTICIPATION IN COMPANY PLANS. During the employment term, Bill Xxxxxx xxxll be entitled to receive all other benefits of employment generally available to Flotek's other executive and managerial employees when and as he becomes eligible for them, including, but not limited to, medical, dental, life and disability insurance benefits, and participation in Flotek's pension plan and profit sharing plan(s). In the event Flotek is unable to provide medical coverage on a company-wide basis, Flotek will, until such benefits are made generally available, purchase a separate medical insurance policy covering Bill Xxxxxx xxx his family. At such time as Flotek is able to offer medical insurance coverage on a company-wide basis, Flotek's obligation to pay for the separate medical insurance coverage on Bill Xxxxxx xxx his family shall terminate.
PARTICIPATION IN COMPANY PLANS. Effective as of the Closing, the Transferred Employees shall cease to be covered by the Company Plans that are not Transferred Entity Plans.
PARTICIPATION IN COMPANY PLANS. 27 12.2 CLAIMS INCURRED PRIOR TO AND AFTER CLOSING....................... 27 12.3 WAITING PERIODS, PRE-EXISTING CONDITIONS AND DEDUCTIBLES......... 28 12.4
PARTICIPATION IN COMPANY PLANS. Effective as of the Closing Date, ------------------------------- employees of the Purchased Branches shall cease participation in all plans, programs, policies and arrangements maintained for their benefit by Seller or any of its Affiliates. The Assuming Bank agrees to offer employment to each employee of the Purchased Branches, other than the Chairman and Chief Executive Officer of Seller, for a position reasonably comparable to and salary comparable to the position (duties and responsibilities, not officer title) and salary of the employee as of the Closing Date consistent with Assuming Bank's organizational structure. In the event an employee, other than the Chairman and Chief Executive Office of Seller, is not offered a similar position and similar salary, the Assuming Bank agrees to pay severance to such employee in accordance with the provisions of the 0000 Xxxxxxxxx Xxx Xxxx xx Xxxxx Commerce Bank National Association (the "Severance Plan"), the terms of which are summarized on Schedule 12.1. Commencing on the Closing Date, the Assuming Bank shall ------------- provide to employees of the Purchased Branches such plans, programs, policies and arrangements being maintained by the Assuming Bank and which contain terms that are, in the aggregate, no less favorable than those provided to similarly situated employees of the Assuming Bank or any of its Affiliates. Each employee of Seller shall be given credit for all purposes under each such "employee benefit plans" and all other such plans, programs, policies and arrangements maintained by the Assuming Bank (except for purposes of a defined contribution plan or benefit accrual under a defined benefit plan) for all service prior to the Closing Date with Seller and its Affiliates.
