Common use of Additional Pension and Welfare Benefits Clause in Contracts

Additional Pension and Welfare Benefits. In addition to the foregoing, the Company shall provide the Executive with the following benefits: (a) Executive Group Health Insurance Coverage pursuant to such other plan or plans as the Company may select, and which shall be fully paid for by the Company; (b) full salary continuation during the first ninety (90) days of any physical or mental incapacity that prevents the Executive from performing his duties and, for any Disability that continues thereafter, benefits pursuant to the Company’s Special Long-Term Disability Plan and any other long-term disability benefits pursuant to any other disability plan of which the Executive is a participant; (c) an annual supplemental retirement benefit as set forth in the Supplemental Management Retirement Plan, in addition to any other benefit pursuant to any other retirement plan under which the Executive is covered; provided, however, that the Supplemental Management Retirement Plan may not be amended or modified in any respect without the prior written consent of the Executive; and (d) term life insurance coverage, through individual and/or group policies, in an aggregate amount of not less than $4.0 million.

Appears in 3 contracts

Samples: Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc)

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Additional Pension and Welfare Benefits. In addition to the foregoing, the Company shall provide the Executive with the following benefits: (a) Executive Group Health Insurance Coverage coverage pursuant to such other plan or plans as the Company may select, select and which shall be fully paid for by the Company; (b) full salary continuation during the first ninety (90) days of any physical or mental incapacity that prevents the Executive from performing his duties and, for any Disability that continues thereafter, benefits pursuant to the Company’s Special Long-Term Disability Plan and any other long-term disability benefits pursuant to any other disability plan of which the Executive is a participant; (c) an annual supplemental retirement benefit as set forth in the Supplemental Management Executive Retirement Plan, in addition to any other benefit pursuant to any other retirement plan under which the Executive is covered; provided, however, that the Supplemental Management Executive Retirement Plan may not be amended or modified in any respect without the prior written consent of the Executive; and; (d) term life insurance coverage, through individual and/or group policies, coverage in an aggregate amount of not less than $4.0 million35,000,000 through individual and/or group policies, including split dollar policies and term life policies; and (e) the Executive shall be eligible to participate in any long-term compensation programs maintained by the Company to the extent provided in the applicable plan documents.

Appears in 1 contract

Samples: Executive Employment Agreement (Station Casinos Inc)

Additional Pension and Welfare Benefits. In addition to the foregoing, the Company shall provide the Executive with the following benefits: (a) Executive Group Health Insurance Coverage pursuant to such other plan or plans as the Company may select, and which shall be fully paid for by the Company; (b) full salary continuation during the first ninety (90) days of any physical or mental incapacity that prevents the Executive from performing his duties and, for any Disability that continues thereafter, benefits pursuant to the Company’s Special Long-Term Disability Plan and any other long-term disability benefits pursuant to any other disability plan of which the Executive is a participant; (c) an annual supplemental retirement benefit as set forth in the Supplemental Management Retirement Plan, in addition to any other benefit pursuant to any other retirement plan under which the Executive is covered; provided, however, that the Supplemental Management Retirement Plan may not be amended or modified in any respect without the prior written consent of the Executive; and (d) term life insurance coverage, through individual and/or group policies, in an aggregate amount of not less than $4.0 7.5 million.

Appears in 1 contract

Samples: Executive Employment Agreement (Station Casinos Inc)

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Additional Pension and Welfare Benefits. In addition to the foregoing, the Company shall provide the Executive with the following benefits: (a) Executive Group Health Insurance Coverage coverage pursuant to such other plan or plans as the Company may select, select and which shall be fully paid for by the Company; (b) full salary continuation during the first ninety (90) days of any physical or mental incapacity that prevents the Executive from performing his duties and, for any Disability that continues thereafter, benefits pursuant to the Company’s Special Long-Term Disability Plan and any other long-term disability benefits pursuant to any other disability plan of which the Executive is a participant; (c) an annual supplemental retirement benefit as set forth in the Supplemental Management Executive Retirement Plan, in addition to any other benefit pursuant to any other retirement plan under which the Executive is covered; provided, however, that the Supplemental Management Executive Retirement Plan may not be amended or modified in any respect without the prior written consent of the Executive; and; (d) term life insurance coverage, through individual and/or group policies, coverage in an aggregate amount of not less than $4.0 million70,000,000 through individual and/or group policies, including split dollar policies and term life policies; and (e) the Executive shall be eligible to participate in any long-term compensation programs maintained by the Company to the extent provided in the applicable plan documents.

Appears in 1 contract

Samples: Executive Employment Agreement (Station Casinos Inc)

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