Common use of Retirement and Welfare Benefits Clause in Contracts

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all benefit plans made available to the Company’s similarly situated executives. The benefits shall be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Nothing in this Section 5, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall will be eligible to participate in all benefit plans made available by the Company to similarly-situated officers of the Company’s similarly situated executivesCompany from time to time. The Such benefits shall will be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall will be governed in all respects in accordance with the terms of such plans as in effect from time to time in effecttime. Nothing in this Section 54(a), however, shall will require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all fringe benefits, perquisites, and such other benefit plans and arrangements as are made available generally to the Company’s similarly situated senior executives. The benefits described herein shall be subject to the applicable limitations and requirements imposed by the terms of such benefit the applicable plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Nothing in this Section 54, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all benefit plans made available to the Company’s similarly situated executives's senior executive officers (other than the Company's Severance Pay Policy, Tier I or Tier II). The Such benefits shall be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Nothing in this Section 54, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall will be eligible to participate in all benefit plans made available by the Company to other executive officers of the Company’s similarly situated executivesCompany from time to time (excluding any plans that are frozen as of the Effective Date). The Such benefits shall will be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall will be governed in all respects in accordance with the terms of such plans as in effect from time to time in effecttime. Nothing in this Section 54(a), however, shall will require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all benefit plans made available to the Company’s similarly situated senior executives. The benefits shall be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Nothing in this Section 5, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall will be eligible to participate in all benefit plans made available by the Company or the Employer to other executive officers of the Company’s similarly situated executivesCompany from time to time (excluding any plans that are frozen as of the Effective Date). The Such benefits shall will be subject to the applicable limitations and requirements imposed by the terms of such benefit plans and shall will be governed in all respects in accordance with the terms of such plans as in effect from time to time in effecttime. Nothing in this Section 54(a), however, shall will require the Company or the Employer to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.