Common use of Pension and Retirement Benefits Clause in Contracts

Pension and Retirement Benefits. During Executive’s employment with the Corporation, Executive shall be entitled to participate in any pension, 401(k) and retirement plans of the Corporation now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation in accordance with applicable law.

Pension and Retirement Benefits. During Executive’s his employment with the CorporationCompany, Executive shall be entitled to participate in any pension, 401(k) 401K and retirement plans of the Corporation Company now existing or established hereafter to the extent that Executive he is eligible under the general provisions thereof. The Corporation Company may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation Company in accordance with applicable law.

Pension and Retirement Benefits. During Executive’s employment with the CorporationCompany, Executive shall be entitled to participate on the same basis as any other senior executive in any pension, 401(k) and retirement plans of the Corporation Company now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation Company may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation Company in accordance with applicable law.