Participation in Company Benefit Plans. The Employee shall be entitled to participate in and to receive benefits generally available to senior executives under those certain employee benefit plans and arrangements which may be offered by the Company from time to time during the Employment Period, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements by the Company. The Company shall provide full medical, hospitalization and dental insurance coverage for the Employee.
Participation in Company Benefit Plans. Except as otherwise provided pursuant to this Agreement or as required by Applicable Law, effective no later than the Plan Transition Date, (i) SpinCo and each member of the SpinCo Group, to the extent applicable, shall cease to be a participating company in any Company Benefit Plan and (ii) each then active SpinCo Employee shall cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any Company Benefit Plan (except to the extent of previously accrued obligations that remain a Liability of any member of the Company Group pursuant to this Agreement).
Participation in Company Benefit Plans. During the Term, the Company shall provide Xxxxxxx with coverage under all employee pension and welfare benefit programs, plans and practices commensurate with Xxxxxxx’x positions in the Company and to the extent permitted under the respective employee benefit plan.
Participation in Company Benefit Plans. The Employee shall be entitled to participate in and to receive benefits under all applicable employee benefit plans, policies, practices, programs and arrangements offered by the Company from time to time during the Employment Period to its employees generally, subject to and on a basis consistent with the terms, conditions, and overall administration of such plans and arrangements by the Company. Notwithstanding the provisions of this Section 6(a), nothing contained herein is intended, or shall be construed, to require the Company to institute or maintain any benefit plan or arrangement, provided, however, that the benefits offered to the Employee shall be comparable to those offered to the Company’s senior executive personnel. In addition, nothing contained herein shall limit the right of the Company to modify, suspend or discontinue any and all benefit plans or arrangements.
Participation in Company Benefit Plans. After meeting any applicable eligibility requirements and waiting periods, the Employee will be entitled to participate in the standard package of Company benefits available from time to time to the Company’s full-time employees. In addition, the Employee will receive four (4) weeks of vacation per calendar year on an accrual basis.
Participation in Company Benefit Plans. Executive shall be entitled to participate in all employee benefit plans or programs of the Company offered to other employees to the extent that Executive’s position, tenure, salary, and other qualifications make Executive eligible to participate in accordance with the terms of such plans, except as otherwise expressly provided in this Agreement. The Company does not guarantee the continuance of any particular employee benefit plan or program except as expressly provided in this Agreement, and Executive’s participation in any such plan or program shall be subject to all terms, provisions, rules and regulations applicable thereto. Executive will be entitled to 232 hours of earned paid time off per year, to be used and administered in accordance with the Company’s paid time off policy as it may change from time to time, but such amount will be prorated for 2011 based on the date of hire, and Executive will be eligible for 174 hours of paid time off in 2011.
Participation in Company Benefit Plans. The Employee shall be entitled to participate in and to receive benefits generally available to senior executives under those certain employee benefit plans and arrangements which may be offered by the Company from time to time during the Employment Period, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements by the Company. The Company shall provide full medical and dental insurance coverage for the Employee. Notwithstanding the provisions of this Section 7(a), nothing contained herein is intended, or shall be construed, to require the Company to institute any benefit plan or arrangement. In addition, nothing contained herein shall limit the right of the Company to modify, suspend or discontinue any and all benefit plans or arrangements.
Participation in Company Benefit Plans. Nothing in this Agreement shall compel the Company to include the Supporting Partner or anyone associate to the Supporting Partners in the Company’s benefit plans. This extends to stock options, stock purchases, pension, life insurance or any other such benefit that the Company may extend to its employees. Now or in the future.
Participation in Company Benefit Plans. The Employee shall be entitled to participate in and to receive benefits generally available to senior executives under those certain employee benefit plans and arrangements which may be offered by the Company from time to time during the Employment Period, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements by the Company. The Company shall provide the same full medical, hospitalization and dental HMO insurance coverage for the Employee as provided to other senior executives from time to time. Employee shall be eligible to participate in the Company’s 401(k) retirement plan, and the Company shall match 100% of Employee’s contributions up to the maximum annual limit allowed by applicable ERISA and Internal Revenue Code law and regulations.
Participation in Company Benefit Plans. The Interim CEO may participate in (i) the Company’s group health insurance, life insurance and disability plans, (ii) the Company’s 401(k) defined contribution plan or (iii) any other plans made available by the Company to its employees other than the Company’s bonus or equity plans (except as provided in Sections 2(c) or 2(d) above), subject in each instance to the Interim CEO meeting all eligibility and qualification requirements of such plans. The Company shall not, by reason of this Section 2(f), be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any such plan or policy, so long as such changes are similarly applicable to similarly situated Company employees.
