Common use of Group Benefits Clause in Contracts

Group Benefits. During the term of this Agreement, the Employee shall be entitled to participate in any group insurance, supplemental health insurance, qualified pension, 401(k), hospitalization, medical health and accident, disability, life, or similar plan or program of Klondex G&S or an Affiliate now existing or hereafter established covering employees of Klondex G&S in both Canada and the United States, subject to the terms and conditions of such plans. Any claim or dispute relating to a decision made by the group benefits insurer will be with and directed to the insurer only, and will not form the basis for any dispute or liability as between Klondex G&S or an Affiliate and the Employee. Notwithstanding anything herein to the contrary, however, Klondex G&S or an Affiliate sponsoring such plan may at any time and from time to time modify, suspend, or discontinue any or all such benefit plans for its employees generally or for any group thereof at its sole discretion, without any obligation to replace such modified, suspended or discontinued benefit with any other benefit, equivalent or otherwise, or to otherwise compensate the Employee in respect thereof.

Appears in 6 contracts

Samples: Employment Agreement (Klondex Mines LTD), Employment Agreement (Klondex Mines LTD), Employment Agreement (Klondex Mines LTD)

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Group Benefits. During the term of this Agreement, the Employee shall be entitled to participate in any group insurance, supplemental health insurance, qualified pension, 401(k), hospitalization, medical health and accident, disability, life, or similar plan or program of Klondex G&S or an Affiliate now existing or hereafter established covering employees of Klondex G&S in both Canada and the United States, subject to the terms and conditions of such plans. , Any claim or dispute relating to a decision made by the group benefits insurer will be with and directed to the insurer only, and will not form the basis for any dispute or liability as between Klondex G&S or an Affiliate and the Employee. Notwithstanding anything herein to the contrary, however, Klondex G&S or an Affiliate sponsoring such plan may at any time and from time to time modify, suspend, or discontinue any or all such benefit plans for its employees generally or for any group thereof at its sole discretion, without any obligation to replace such modified, suspended or discontinued benefit with any other benefit, equivalent or otherwise, or to otherwise compensate the Employee in respect thereof.

Appears in 1 contract

Samples: Employment Agreement (Klondex Mines LTD)

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