Common use of Welfare Benefit Plans Clause in Contracts

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or (y) if more favorable to the Executive, those provided at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 22 contracts

Samples: Employment Agreement (Hecla Mining Co/De/), Retention Agreement (Nashua Corp), Change of Control and Severance Agreement (Nashua Corp)

AutoNDA by SimpleDocs

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation to participate in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other the Executive's peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other the Executive's peer executives of the Company and its affiliated companies.

Appears in 6 contracts

Samples: Change of Control Agreement (CCC Globalcom Corp), Change of Control Agreement (CCC Globalcom Corp), Change of Control Agreement (Weatherford Enterra Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 6 contracts

Samples: Employment Agreement (Foster Wheeler LTD), Change of Control Employment Agreement (Foster Wheeler LTD), Change of Control Employment Agreement (Foster Wheeler LTD)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies policies, and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death death, and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies policies, and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies policies, and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 5 contracts

Samples: Employment Agreement (Unova Inc), Change of Control Employment Agreement (Western Atlas Inc), Change of Control Employment Agreement (Western Atlas Inc)

Welfare Benefit Plans. During the Employment --------------------- Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 5 contracts

Samples: Employment Agreement (Cyprus Amax Minerals Co), Employment Agreement (Solutia Inc), Employment Agreement (Monsanto Co)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-day 120‑day period immediately preceding the Effective Change of Control Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Change of Control Date generally to other peer executives of the Company and its affiliated companies.

Appears in 5 contracts

Samples: Change of Control Contract (Western Midstream Operating, LP), Western Midstream Operating, LP, Anadarko Petroleum Corp

Welfare Benefit Plans. During the Employment Period, the --------------------- Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its the affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its the affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its the affiliated companies.

Appears in 4 contracts

Samples: Employment Agreement (National Commerce Bancorporation), Employment Agreement (National Commerce Bancorporation), Employment Agreement (National Commerce Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but provided that after the Effective Date in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 4 contracts

Samples: Employment Agreement (Bank United Corp), Employment Agreement (Bank United Corp), Employment Agreement (Bank United Corp)

Welfare Benefit Plans. During the Employment Protected Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, including without limitation, limitation medical, prescriptionprescription drug, dental, vision, disability, salary continuance, employee life, group lifelife insurance, accidental death and dismemberment, and travel accident insurance plans and programs) to the extent generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) date of the Change of Control, or, if more favorable to the Executive, those generally provided at any time after the Effective Date generally date of the Change of Control to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 4 contracts

Samples: Employment Security Agreement (Monsanto Co /New/), Employment Security Agreement (Monsanto Co /New/), Control Employment Security Agreement (Monsanto Co /New/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescriptionprescription drugs, dental, disability, salary continuance, severance pay, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 4 contracts

Samples: Change in Control (Clorox Co /De/), Change in Control Agreement (Clorox Co /De/), Change in Control Agreement (Clorox Co /De/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or (y) if more favorable to the Executive, those provided at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 3 contracts

Samples: Change of Control Agreement (Hecla Mining Co/De/), Change of Control Agreement (Hecla Mining Co/De/), Employment Agreement (Hecla Mining Co/De/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Change of Control Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Change of Control Date generally to other peer executives of the Company and its affiliated companies.

Appears in 3 contracts

Samples: Key Employee Change of Control Contract (Anadarko Petroleum Corp), Anadarko Petroleum Corp, Key Employee Change of Control Contract (Anadarko Petroleum Corp)

Welfare Benefit Plans. During the Employment Period, the Executive Officer and/or the ExecutiveOfficer's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive Officer with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive Officer at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the ExecutiveOfficer, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 3 contracts

Samples: Control Employment Agreement (Basin Exploration Inc), Control Employment Agreement (Basin Exploration Inc), Employment Agreement (Ultimate Electronics Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescriptionprescription drugs, dental, disability, salary continuance, severance pay, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 2 contracts

Samples: Employment Agreement (Clorox Co /De/), Change of Control Employment Agreement

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in 4 5 and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 2 contracts

Samples: Employment Agreement (Athens Holdings Inc), Employment Agreement (Athens Holdings Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 2 contracts

Samples: Change of Control Employment Agreement (Foster Wheeler LTD), Change of Control Employment Agreement (Foster Wheeler LTD)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies policies, and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death death, and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies policies, and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies policies, and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 2 contracts

Samples: Change of Control Employment Agreement (Paxar Corp), Change of Control Employment Agreement (Paxar Corp)

Welfare Benefit Plans. During the Employment Period, the --------------------- Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its the affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its the affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its the affiliated companies.

Appears in 2 contracts

Samples: Employment Agreement (National Commerce Bancorporation), Employment Agreement (Ziegler Companies Inc)

Welfare Benefit Plans. During the Change of Control Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, pension, 401(k), medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer key executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, favorable in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer key executives of the Company and its affiliated companies.

Appears in 2 contracts

Samples: Employment Agreement (Beazer Homes Usa Inc), Employment Agreement (Beazer Homes Usa Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-day period immediately preceding the Effective Date or (y) if more favorable to the Executive, those provided at at: any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (Hecla Mining Co/De/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies policies, and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death death, and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies policies, and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies policies, and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Unova Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies policies, and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death death, and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies policies, and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies policies, and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.. (v)

Appears in 1 contract

Samples: Change of Control Employment Agreement Agreement (Western Atlas Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, plans practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in its effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (CSX Corp)

AutoNDA by SimpleDocs

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 74 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Change of Control Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, favorable in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Change of Control Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Change of Control Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (Beazer Homes Usa Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent generally applicable to other peer senior executives of the Company and its affiliated companiescompanies on a basis no less favorable than provided for in any Existing Agreement, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Change Of (Conrail Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 91 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 108 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to the other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (City National Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 40 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Protected Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, including without limitation, limitation medical, prescriptionprescription drug, dental, vision, disability, salary continuance, employee life, group lifelife insurance, accidental death and dismemberment, and travel accident insurance plans and programs) to the extent generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) date of the Change of Control, or, if more favorable to the Executive, those generally provided at any time after the Effective Date generally date of the Change of Control to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 1 contract

Samples: Employment Security Agreement (Monsanto Co /New/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation to participate in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other the Executive's peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, 's those provided generally at any time after the Effective Date generally to other the Executive's peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Change of Control Agreement (Weatherford Enterra Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 57 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 23 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive ----------------------- and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies the Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesthe Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companiesthe Affiliated Companies.

Appears in 1 contract

Samples: Control Agreement (Unionbancal Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation entitled to participate in and shall receive all benefits under all of the health and welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, 125 prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90-one hundred eighty (180) day period immediately preceding the Effective Date or (y) any related Potential Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally thereafter to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: This Agreement (Summit Bancorporation)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companies, but but, after the Effective Date, in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 90120-day period immediately preceding the Effective Date or (y) or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally to other peer executives of the Company and its affiliated companies.

Appears in 1 contract

Samples: Employment Agreement (Fort James Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.