Modification of Benefits. Without by implication limiting the foregoing, during the two (2) years following a Change in Control, the Executive’s compensation, including Base Salary, incentive compensation opportunity, SERP opportunity, other benefits and fringe benefits shall not be reduced. Notwithstanding the foregoing, the Company shall be entitled to modify the group health benefits provided such modifications are applicable to all similarly situated management employees. To the extent that the Company is not able to continue life, group health or similar benefits as a result of the terms of the applicable plans or insurance policies, the Company shall pay the Executive the cost, no less frequently than monthly, that the Executive must incur to obtain such benefits privately.
Modification of Benefits. Nothwithstanding anything to the contrary contained herein, the Company reserves the right with respect to any benefit set forth in this Section 5 to modify such benefit or not to provide such benefit. Changes in any benefit provided solely to Executive Officers of the Company shall be subject to approval of the Compensation Committee.
Modification of Benefits. 1. The details of each benefit program have been independently communicated to CUE and eligible employees.
Modification of Benefits. The Company reserves the right from time to time to alter, modify or eliminate benefits offered to it Executives under any of the Company’s policies or plans.
Modification of Benefits. Except with respect to the Additional ------------------------ Benefits, Employer reserves the right at all times to modify, suspend or discontinue any and all Compensation Plans and any other benefits, plans, practices, policies and programs (whether before or after termination of employment) without notice to or recourse by Employee so long as such action is taken with respect to Employer' employees generally and does not single out Employee. 5.
Modification of Benefits. If there is a need to modify benefits, coverage's and/or premiums as determined by the insurer or the AWC Benefits Trust Board or a successor provider, those modifications to benefits, coverage 's and/or premiums shall be implemented in accordance with the timeline directed by the insurer or the AWC Benefits Trust Board or a successor provider, without any negotiations.
Modification of Benefits. Employee recognizes that it is within the ------------------------- sole discretion of Employer's Board of Directors to modify the benefits of Employer from time-to-time and agrees that no claim will arise against Employer by virtue of its Board of Directors' exercise of its rights to modify Employer's benefits package. In addition, Employee shall be entitled to five (5) weeks paid vacation time and an automobile or an automobile allowance and such benefits shall not be reduced during the term of this Agreement (including any extensions thereof).
Modification of Benefits. 1. The maximum for a health care flexible spending account is $3,000 annually.
Modification of Benefits. The benefits described in Sections 4(a)(ii) — (iv) shall be modified as of the effective date of Xx. Xxxxxx’x employment in a New Executive Position. If such New Executive Position has a salary plus bonus or similar incentive compensation (the “New Compensation”) equal to at least 90 percent of Xx. Xxxxxx’x Base Salary at the Effective Rate plus his average bonus under the Executive Management Short Term Incentive Plan for the five fiscal year average preceding the year in which his employment at the Bank terminated (“Old Compensation”), then the benefits set forth in Sections 4(a)(ii) — (iv) shall terminate. If the New Compensation equals less than 90 percent of such Old Compensation, then such benefits shall be reduced to an amount that, combined with the New Compensation, shall equal 90 percent of the Old Compensation.
Modification of Benefits. The benefits described in Sections 4(b)(ii) and (iii) shall be modified as provided in Section 4(a)(v) of this Agreement as of the effective date of Xx. Xxxxxx’x employment in a New Executive Position.
