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, split-dollar life insurance, 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 8 contracts

Samples: Paying Agency Agreement, Paying Agency Agreement, Employment Agreement (Capital One Financial Corp)

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Welfare Benefit Plans. During the Post-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, supplemental health, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, 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 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 8 contracts

Samples: Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans and programsprograms for the Executive, the Executive’s spouse and the Executive’s qualifying dependent children ) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits following a Change in Control which are materially 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 90-120—day period immediately preceding the Effective Date or (y) Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change in Control to other peer executives of the Company and its affiliated companiesAffiliated Companies.

Appears in 7 contracts

Samples: Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel travel, accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated 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) 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 companiesAffiliated Companies.

Appears in 6 contracts

Samples: Employment Agreement (Adient LTD), Employment Agreement (Johnson Controls Inc), Employment Agreement (Johnson Controls Inc)

Welfare Benefit Plans. During the Employment PeriodTerm, 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 all welfare benefit plans, practices, policies programs and programs arrangements provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans plans, programs and programsarrangements) 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 programs and programs arrangements provide the Executive with welfare benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies programs and programs arrangements as 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 5 contracts

Samples: Employment Agreement (Noble Corp), Employment Agreement (Noble Corp), Employment Agreement (Noble Corp)

Welfare Benefit Plans. During the Employment PeriodTerm, the --------------------- Executive and/or the Executive's ’s family, as the case may be, shall be eligible for participation to participate in and shall receive all benefits under all welfare benefit plans, practices, policies programs and programs arrangements provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans plans, programs and programsarrangements) 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 programs and programs arrangements provide the Executive with welfare benefits which that are less favorable, in the aggregate, than (x) the most favorable of such plans, practices, policies programs and programs arrangements as 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 5 contracts

Samples: Employment Agreement (Noble Corp), Employment Agreement (Noble Corp), Employment Agreement (Noble 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 affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, 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 . In no event shall such plans, practices, policies and programs provide the Executive after a Change of Control 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) Change of Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change of Control to other peer executives of the Company and its affiliated companies.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Avery Dennison Corporation), Employment Agreement (Avery Dennison Corporation)

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, split-dollar life insurance, 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 . In no event shall such plans, practices, policies and programs provide the Executive after a Change of Control 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) Change of Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change of Control to other peer executives of the Company and its affiliated companies.

Appears in 4 contracts

Samples: Employment Agreement (Avery Dennison Corporation), Employment Agreement (Avery Dennison Corporation), Employment Agreement (Avery Dennison Corporation)

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 continuanceemployee life (and, employee lifeif applicable, supplemental term life insurance), group life, split-dollar life insurance, 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 4 contracts

Samples: Control Employment Agreement (Stone & Webster Inc), Employment Agreement (Stone & Webster Inc), Employment Agreement (Stone & Webster 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans and programsprograms for the Executive, the Executive’s spouse and the Executive’s qualifying dependent children ) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits following a Change in Control which are materially 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) Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change in Control to other peer executives of the Company and its affiliated companiesAffiliated Companies.

Appears in 4 contracts

Samples: Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems 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, supplemental medical expense reimbursement, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, 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 3 contracts

Samples: Employment Agreement (Cole National Corp /De/), Employment Agreement (Cole National Corp /De/), Employment Agreement (Cole National Group 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans and programsprograms for the Executive, the Executive’s spouse and the Executive’s qualifying dependent children ) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits following a Change in Control which are materially 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 90-120–day period immediately preceding the Effective Date or (y) Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change in Control to other peer executives of the Company and its affiliated companiesAffiliated Companies.

Appears in 3 contracts

Samples: Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems Inc), Employment Agreement (Merit Medical Systems Inc)

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Welfare Benefit Plans. During the Post-Change of Control 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, supplemental health, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, 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 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 2 contracts

Samples: Executive Agreement (Atwood Oceanics Inc), Executive Agreement (Atwood Oceanics 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 Employer and its affiliated companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans and programs) to the extent applicable generally applicable to other key or peer executives of the Company Employer 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 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 key or peer executives of the Company Employer and its affiliated companies.

Appears in 1 contract

Samples: Executive Employment Agreement (Greka Energy Corp)

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 life, split-dollar life 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: 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel travel, accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated 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 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 companiesAffiliated Companies under similar plans, practices, policies, or programs.

Appears in 1 contract

Samples: Executive Employment Agreement (TYCO INTERNATIONAL PLC)

Welfare Benefit Plans. During the Employment Protected Period, the Executive --------------------- 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 life, split-dollar life 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: 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel travel, accident insurance plans and programs) to the extent applicable generally applicable to other peer executives of the Company and its affiliated companiesAffiliated 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) or, if more favorable to the Executive, those provided generally at any time after XXXXXXX CONTROLS, INC. CHANGE OF CONTROL EXECUTIVE EMPLOYMENT AGREEMENT the Effective Date generally to other peer executives of the Company and its affiliated companiesAffiliated Companies.

Appears in 1 contract

Samples: Control Executive Employment Agreement (Johnson Controls 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 Affiliated Companies (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, split-dollar life insurance, accidental death and travel accident insurance plans and programsprograms for the Executive, the Executive’s spouse and the Executive’s qualifying dependent children ) to the extent applicable generally applicable to other peer executives of the ​ ​ Company and its affiliated companiesAffiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits following a Change in Control which are materially 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) Change in Control or, if more favorable to the Executive, those provided generally at any time after the Effective Date generally Change in Control to other peer executives of the Company and its affiliated companiesAffiliated Companies.

Appears in 1 contract

Samples: Employment Agreement (Merit Medical Systems Inc)

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