Benefit Plans and Fringe Benefits. During the Initial Term and the Renewal Term, Executive will be eligible to participate in the plans, programs and policies including, without limitation, group medical insurance, fringe benefits, paid vacation, expense reimbursement and incentive pay plans, which the Company makes available to senior executives of the Company in accordance with the eligibility requirements, terms and conditions of such plans, programs and policies in effect from time to time. Executive acknowledges and agrees that the Company may amend, modify or terminate any of such plans, programs and policies at any time at its discretion.
Benefit Plans and Fringe Benefits. Executive shall be eligible to participate in or receive benefits under 401(k) savings plan, nonqualified deferred compensation plan, supplemental executive retirement plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, supplemental and/or incentive compensation plans, or any other employee benefit or fringe benefit plan, generally made available by ARC to senior executives in accordance with the eligibility requirements of such plans and subject to the terms and conditions set forth in this Agreement. ARC shall pay full cost for coverage of Executive and Executive’s spouse and eligible children under all group insurance (including self-insured) benefit plans.
Benefit Plans and Fringe Benefits. Executive shall receive such employment fringe benefits and shall be entitled to participate in other employee benefit plans, including without limitation any health insurance, pension plan, profit-sharing plan, savings plan, life insurance and disability insurance plans and the like made available by the Company now or in the future to its executives as the Company's Compensation Committee may periodically award in its discretion based on the Executive's performance, subject to and on a basis consistent with the terms, conditions and overall administration of such benefit plans.
Benefit Plans and Fringe Benefits. During the Initial Term or any Renewal Term, Employee will be eligible to participate in the plans, programs and policies including, without limitation, group medical insurance, fringe benefits, paid vacation, expense reimbursement and incentive pay plans, which the Company makes available to senior executives of the Company in accordance with the eligibility requirements, terms and conditions of such plans, programs and policies in effect from time to time. Employee acknowledges and agrees that the Company may amend, modify or terminate any of such plans, programs and policies at any time at its discretion.
Benefit Plans and Fringe Benefits. 4.3.1. During the Term, Executive will be entitled to participate in any and all employee benefit programs (including but not limited to medical, vision, prescription drug, dental, disability, employee and group life, accidental death and travel accident, and section 401(k) plans and programs) offered by the Company to its executives or to its employees generally, and Executive may receive such other benefits as the Company may determine from time to time.
4.3.2. Executive will accrue four (4) weeks of paid time off annually to be taken at times reasonably agreed upon between Executive and the Company’s Chief Executive Officer. Executive will be paid a pro rata portion of her salary for each week of accrued and unused paid time off, in accordance first with the provisions of Section 5 and otherwise with Company policies of general application in effect at the time of the termination of her employment.
4.3.3. Executive will be entitled to perquisites comparable to those that the Company from time to time extends to its senior executive staff.
4.3.4. The Company will reimburse Executive for business, travel, lodging, meals, and other reasonable business expenses incurred by her in the performance of services hereunder subject to submission of documentation in accordance with the Company’s business expense reimbursement policies from time to time applicable to its senior executives.
Benefit Plans and Fringe Benefits. Executive shall receive such employment fringe benefits and shall be entitled to participate in other employee benefit plans, including without limitation any pension plan, profit-sharing plan, savings plan, deferred compensation plan, stock option plan, life insurance made available by the Company now or in the future to its executives as the Compensation Committee of the Board of Directors may periodically award in its discretion based on the Executive's performance, subject to and on a basis consistent with the terms, conditions and overall administration of such Benefit Plans. Specifically, and without limitation, the Company will provide Executive a deferred compensation plan.
Benefit Plans and Fringe Benefits. During the CEO Term, Executive will be eligible to participate in the plans, programs and policies Company may from time to time make available to its executive employees, including, without limitation (i) family health and dental insurance; (ii) long term disability insurance; (iii) annual physical; (iv) business travel accident insurance; and (v) financial consulting (subject to $3,500.00 annual limit). Executive acknowledges that he shall have no vested rights in any such plans, programs and policies except as expressly provided under the terms thereof and that such plans, programs and policies may be terminated, modified, altered or reduced by Company at any time.
Benefit Plans and Fringe Benefits. From and after the employment separation date set forth in paragraph 1 above, Employee shall not have the right to participate in or receive any benefit under any employee benefit plan of the Company, any fringe benefit plan of the Company, or any other plan, policy or arrangement of the Company providing benefits or perquisites to employees of the Company generally or individually. Provided, however, that Employee shall be entitled, if otherwise eligible, (i) to exercise Employee’s right to continued coverage under the Company medical benefit plan as provided by federal law (and with respect to which the Company will provide Employee with a separate notice as required by federal law) and for which, for the period of six months, the Company will charge no more than the cost of similar insurance to active employees of the Company, with the Company paying the difference in the employee rate and the COBRA rate if necessary (payment to be made by deduction from amounts payable to Employee hereunder) and thereafter at the normal COBRA rate in effect at the time of the charge; and (ii) to elect the payment of benefits to which Employee is entitled under any employee pension benefit plan of the Company as provided under the terms of any such plan.
Benefit Plans and Fringe Benefits. During the Initial Term and the Renewal Term, Executive will be eligible to participate in the plans, programs and policies Company may from time to time make available to its executive employees, including, without limitation (i) family health and dental insurance; (ii) long term disability insurance; (iii) annual physical; (iv) business travel accident insurance; and (v) financial consulting (subject to $3,500.00annual limit). Executive acknowledges that he shall have no vested rights in any such plans, programs and policies except as expressly provided under the terms thereof and that such plans, programs and policies may be terminated, modified, altered or reduced by Company at any time.
Benefit Plans and Fringe Benefits. Except as provided below, as of the Termination Date provided in paragraph 1 herein, Meisky shall not have the right to participate in or receive any benefit under any employee benefit plan of the Company or any of its subsidiaries, any fringe benefit plan of the Company, or any other plan, policy or arrangement of the Company providing benefits or perquisites to employees of the Company generally or individually; provided, however, that Meisky shall be entitled (i) to exercise his right to continued coverage under the Company's medical benefit plan as provided by COBRA (and with respect to which the Company will provide Meisky with a separate notice as required by COBRA); and (ii) to elect the payment of benefits to which he is entitled under any employee pension benefit plan of the Company as provided under the terms of any such plan. (In accordance with this paragraph 6(ii), Meisky elects to receive all retirement funds derived from the Central State Bank pension fund which was acquired by the Company by previous merger. The Company agrees to pay said retirement funds to Meisky as reasonably as practicable in a manner reasonably acceptable to Meisky's tax advisory.) Provided, further, but subject to paragraph 18 hereof, if Meisky elects continued medical insurance coverage pursuant to the terms of COBRA, the Company will pay COBRA premiums on behalf of Meisky until the earlier of (i) Meisky obtaining other employment pursuant to which Meisky is eligible for medical insurance coverage, (ii) Meisky obtaining other medical insurance or (iii) the date ninety (90) days after the Termination Date. The payments of the COBRA amounts described in this paragraph by the Company are conditional upon Meisky's compliance with all conditions to receipt of severance payments specified in paragraph 4 above.
