Common use of Vacation and Employee Benefits Clause in Contracts

Vacation and Employee Benefits. Executive will be entitled to vacation in accordance with Company policy, and Executive will be eligible to participate in employee benefit plans and programs consistent with that of other similarly situated employees of the Company, subject to satisfying applicable eligibility requirements and plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any time.

Appears in 3 contracts

Samples: Employment Agreement (On Semiconductor Corp), Employment Agreement (On Semiconductor Corp), Employment Agreement (On Semiconductor Corp)

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Vacation and Employee Benefits. During the term of his Employment, the Executive will shall be entitled to vacation in accordance with Company the Company’s standard vacation policy. During the term of his Employment, and the Executive will shall be eligible to participate in any employee benefit plans (including, without limitation, group health insurance coverage for Executive and programs consistent with that of his dependents) or arrangements maintained by the Company on no less favorable terms than for other similarly situated employees Company executives, subject in each case to the generally applicable terms and conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 2 contracts

Samples: Employment Agreement (Lattice Semiconductor Corp), Employment Agreement (Lattice Semiconductor Corp)

Vacation and Employee Benefits. During the term of Employment, the Executive will shall be entitled to vacation in accordance with Company the Company’s standard vacation policy. During the term of Employment, and the Executive will shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable terms than for other Company executives, subject in each case to the generally applicable terms and programs consistent with that of other similarly situated employees conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Lattice Semiconductor Corp)

Vacation and Employee Benefits. During the term of their Employment, the Executive will shall be entitled to vacation in accordance with Company the Company’s standard vacation policy. During the term of their Employment, and the Executive will shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable terms than for other Company executives, subject in each case to the generally applicable terms and programs consistent with that of other similarly situated employees conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Lattice Semiconductor Corp)

Vacation and Employee Benefits. During the term of his Employment, the Executive will shall be entitled to vacation in accordance with Company the Company's standard vacation policy. During the term of his Employment, and the Executive will shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable terms than for other Company executives, subject in each case to the generally applicable terms and programs consistent with that of other similarly situated employees conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Lattice Semiconductor Corp)

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Vacation and Employee Benefits. During the term of Employment, the Executive will shall be entitled to vacation in accordance with Company the Company's standard vacation policy. During the term of Employment, and the Executive will shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable terms than for other Company executives, subject in each case to the generally applicable terms and programs consistent with that of other similarly situated employees conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Lattice Semiconductor Corp)

Vacation and Employee Benefits. During the term of her Employment, the Executive will shall be entitled to vacation in accordance with Company the Company’s standard vacation policy. During the term of her Employment, and the Executive will shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable terms than for other Company executives, subject in each case to the generally applicable terms and programs consistent with that of other similarly situated employees conditions of the Company, subject plan or arrangement in question and to satisfying applicable eligibility requirements and the determinations of any person or committee administering such plan terms (but excluding any plans or benefits relating to severance or continuation pay). The Company and its affiliates may adopt, amend, terminate, or modify employee benefit plans and arrangements at any timearrangement.

Appears in 1 contract

Samples: Employment Agreement (Lattice Semiconductor Corp)

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