Regular Employee Benefits Clause Samples
The 'Regular Employee Benefits' clause defines the standard benefits that are provided to employees as part of their employment. This typically includes items such as health insurance, retirement plan contributions, paid time off, and other customary perks offered to full-time staff. The clause outlines eligibility criteria, the scope of benefits, and any conditions or limitations that may apply. Its core function is to ensure employees are informed about the benefits they are entitled to, promoting transparency and helping to attract and retain talent.
Regular Employee Benefits. Executive shall be entitled to participate in any qualified or any other retirement plans, stock option and equity incentive plans, stock purchase plans, medical insurance plans, life insurance plans, disability insurance or income plans, vacation plans, expense reimbursement plans and other benefit plans which Employer may from time to time have in effect for all or most of its senior executives; provided, however, that nothing contained in this Section 5(c) or elsewhere in this Agreement shall be construed to create any obligation on the part of Employer to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time during the Term. The extent and the terms and conditions of Executive’s participation in any such plan shall be subject to the terms and conditions in the applicable plan documents, generally applicable policies of the Employer, applicable law and the discretion of the Board, the Compensation Committee or any administrative or other committee provided for in or contemplated by any such plan.
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten (10) days after the Termination Date, either:
(A) not later than fourteen (14) days after the Termination Date pay to the Executive a lump sum amount equal to the aggregate cost to the Company (without discount or present valuation) of the Regular Employee Benefits for the Termination Period; or
(B) continue to make the contributions necessary to maintain the Executive’s comparable coverage pursuant to the Regular Employee Benefits until the earlier of (i) the month after the Executive obtains comparable replacement benefits at any alternative employment, or (ii) the month after the Executive becomes Medicare eligible.
Regular Employee Benefits. The Company shall continue to make the contributions necessary to maintain comparable coverages pursuant to the Regular Employee Benefits for the Executive’s then living spouse and any dependent children until the earlier of (i) the month after the Executive’s then living spouse obtains comparable replacement benefits through employment or remarriage, or (ii) the month after the Executive’s then living spouse becomes Medicare eligible.
Regular Employee Benefits. Employee shall be entitled to participate in any employee benefits offered by the Company to its full-time employees
Regular Employee Benefits. The Company shall, at the election of the Executive made within ten days (10) after the Termination date, either:
Regular Employee Benefits. Employee shall be entitled to participate in any employee benefits offered by IIS to its full-time employees generally. IIS reserves the right, however, to change, modify, add to, or delete all or any portion of said benefits from time to time in its sole and absolute discretion.