Pension and Welfare Benefits. During the Term, the Executive shall be ---------------------------- eligible to participate in the pension and retirement plans (the "Pension Plans") provided to other senior executive officers of the Company, and participate fully in all health benefits, insurance programs and other similar executive welfare benefit arrangements available to other senior executive officers of the Company and shall be provided benefits under such plans and arrangements substantially equivalent, in the aggregate, to the benefits provided to other senior executive officers of the Company and on substantially similar terms and conditions. Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with life and disability insurance at a benefit level no less favorable to the Executive than the benefit level provided to him as of the date of this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Idt Corp), Employment Agreement (Idt Corp), Employment Agreement (Idt Corp)
Pension and Welfare Benefits. During the Term, the Executive shall be ---------------------------- eligible to participate in the pension and retirement plans (the "Pension PlansPlains") provided to other senior executive officers of the Company, and participate fully in all health benefits, insurance programs and other similar executive welfare benefit arrangements available to other senior executive officers officer of the Company and shall be provided benefits under such plans and arrangements substantially equivalent, in the aggregate, to the benefits provided to other senior executive officers of the Company and on substantially similar terms and conditions. Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with life insurance and disability insurance at a benefit level no less favorable to the Executive than the benefit level provided to him as of the date of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement Employment Agreement (Idt Corp), Employment Agreement Employment Agreement (Idt Corp)
Pension and Welfare Benefits. During the Term, the Executive shall be ---------------------------- eligible to participate in the pension and retirement plans (the "βPension Plans"β) provided to other senior executive officers of the Company, and participate fully in all health benefits, insurance programs and other similar executive welfare benefit arrangements available to other senior executive officers of the Company and shall be provided benefits under such plans and arrangements substantially equivalent, in the aggregate, to the benefits provided to other senior executive officers of the Company and on substantially similar terms and conditions. Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with life and disability insurance at a benefit level no less favorable to the Executive than the benefit level provided to him as of the date of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Idt Corp)
Pension and Welfare Benefits. During the Term, the Executive shall be ---------------------------- eligible to participate in the pension and retirement plans (the "Pension Plans") provided to other senior executive officers of the Company, and participate fully in all health benefits, insurance programs and other similar executive welfare benefit arrangements available to other senior executive officers of the Company and shall be provided benefits under such plans and arrangements substantially equivalent, in the aggregate, to the benefits provided to other senior executive officers of the Company and on substantially similar terms and conditions. Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with life and disability insurance at a benefit level no less favorable to the Executive than the benefit level provided to him as of the date of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Idt Corp)