Common use of Health and Welfare Benefit Plans Clause in Contracts

Health and Welfare Benefit Plans. During the Change in Control Employment Period, the Executive and/or the Executive’s family, as the case may be, will be eligible for participation in and will receive all benefits under health and welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the 12-month period immediately preceding the Change in Control Date.

Appears in 4 contracts

Samples: Employment Agreement (Fauquier Bankshares, Inc.), Employment Agreement (Fauquier Bankshares Inc), Employment Agreement (Fauquier Bankshares, Inc.)

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