Broad-Based Benefit definition

Broad-Based Benefit means any applicable benefit under any plan, program, or arrangement that is provided or made available to employees generally and shall not include any benefit considered to be an "executive" benefit that is provided or made available only to upper-level management.

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Examples of Broad-Based Benefit in a sentence

• The term "Broad-Based Benefit" shall mean any applicable benefit under any plan, program, or arrangement that is provided or made available to employees generally and shall not include any benefit considered to be an "executive" benefit that is provided or made available only to upper-level management.

• The term, Broad-Based Benefit, shall mean any applicable benefit under any plan, program or arrangement that is provided or made available to employees generally and shall not include any benefit considered to be an "executive" benefit that is provided or made available only to upper-level management.