Common use of Regular Benefits Clause in Contracts

Regular Benefits. From and after the commencement of the Initial ---------------- Term, the Executive shall continue to participate in such employee benefit plans of Xxxxxxx Enterprises, Inc. in which the Executive participated prior to the acquisition of Xxxxxxx Enterprises, Inc. and which may have been adopted or assumed by the Employer in its sole discretion (the "Predecessor Plans"). The Executive may continue to participate in each such Predecessor Plan, in accordance with and subject to each such Predecessor Plan's terms and conditions, as may be modified or amended from time to time by the Employer, until such time as the Employer terminates any such Predecessor Plan. Thereafter, the Executive shall be entitled to participate in any employee benefit plans, including, without limitation, medical insurance plans, life insurance plans, disability income plans, retirement plans, and other benefit plans, which the Employer may from time to time have in effect for all or most of its senior executives. During the Initial Term, the Employer shall provide the Executive with medical insurance coverage that is substantially equivalent to the medical insurance coverage applicable to the Executive immediately prior to the acquisition of Xxxxxxx Enterprises, Inc. The Executive's participation in any employee benefit plan shall at all times be subject to the terms of the applicable plan documents, generally applicable policies of the Employer, applicable law and the discretion of the Board of Directors, the Compensation Committee or any administrative or other committee provided for in or contemplated by any such plan. Nothing contained in this Agreement shall be construed to create any obligation on the part of the Employer to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time.

Regular Benefits. From and after the commencement of the Initial ---------------- Term, the Executive shall continue to participate in such employee benefit plans of Xxxxxxx EnterprisesXxxxxx-American Company, Inc. in which the Executive participated prior to the acquisition of Xxxxxxx EnterprisesXxxxxx-American Company, Inc. and which may have been adopted or assumed by the Employer in its sole discretion (the "Predecessor Plans"). The Executive may continue to participate in each such Predecessor Plan, in accordance with and subject to each such Predecessor Plan's terms and conditions, as may be modified or amended from time to time by the Employer, until such time as the Employer terminates any such Predecessor Plan. Thereafter, the Executive shall be entitled to participate in any employee benefit plans, including, without limitation, medical insurance plans, life insurance plans, disability income plans, retirement plans, and other benefit plans, which the Employer may from time to time have in effect for all or most of its senior executives. During the Initial Term, the Employer shall provide the Executive with medical insurance coverage that is substantially equivalent to the medical insurance coverage applicable to the Executive immediately prior to the acquisition of Xxxxxxx EnterprisesXxxxxx-American Company, Inc. The Executive's participation in any employee benefit plan shall at all times be subject to the terms of the applicable plan documents, generally applicable policies of the Employer, applicable law and the discretion of the Board of Directors, the Compensation Committee or any administrative or other committee provided for in or contemplated by any such plan. Nothing contained in this Agreement shall be construed to create any obligation on the part of the Employer to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time.

Regular Benefits. From and after the commencement of the Initial ---------------- Term, the Executive shall continue to participate in such employee benefit plans of Xxxxxxx Enterprises, Inc. the Employer in which the Executive participated prior to the acquisition of Xxxxxxx Enterprises, Inc. and which may have been adopted or assumed by the Employer in its sole discretion Merger (the "Predecessor Plans"). The Executive may continue to participate in each such Predecessor Plan, in accordance with and subject to each such Predecessor Plan's terms and conditions, as may be modified or amended from time to time by the Employer, until such time as the Employer terminates any such Predecessor Plan. Thereafter, the Executive shall be entitled to participate in any employee benefit plans, including, without limitation, medical insurance plans, life insurance plans, disability income plans, retirement plans, and other benefit plans, which the Employer may from time to time have in effect for all or most of its senior executives. Notwithstanding the foregoing, the Employer will keep in place the current disability policy in effect for the Executive for the duration of his employment. During the Initial Term, the Employer shall provide the Executive with medical insurance coverage that is substantially equivalent to the medical insurance coverage applicable to the Executive immediately prior to the acquisition of Xxxxxxx Enterprises, Inc. Merger. The Executive's participation in any employee benefit plan shall at all times be subject to the terms of the applicable plan documents, generally applicable policies of the Employer, applicable law and the discretion of the Board of Directors, the Compensation Committee or any administrative or other committee provided for in or contemplated by any such plan. Nothing contained in this Agreement shall be construed to create any obligation on the part of the Employer to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time.