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. 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.
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. 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 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. 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. Except as provided below, as of the Termination Date provided in paragraph 1 herein, Gunter shall not have the right to participate in or receive any bexxxxx 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 Gunter shall be entitled (i) to exercise his right to continued covxxxxx under the Company's medical benefit plan as provided by COBRA (and with respect to which the Company will provide Gunter with a separate notice as required by COBRA); and (ii) to elxxx xxe 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. Provided, further, but subject to paragraph 15 hereof, if Gunter elects continued medical insurance coverage pursuant to the xxxxx of COBRA, the Company will pay on behalf of Gunter that portion of the COBRA payments that is equal to the greaxxx xx (i) the employer's portion of the medical insurance premiums being paid by the Company on Gunter's behalf immediately prior to the termination of his employmxxx xxx (ii) the amount that would have been paid as the employer's portion of the medical insurance premiums for Gunter had Gunter remained in the employment of the Company, but in xx xxent wxxx xxe Company pay more than the full amount of the COBRA payments necessary to provide coverage to Gunter and his dependents under the Company's medical insurance plax. Xxe Company's obligation to make the payments described in this paragraph will terminate upon the earlier of (i) Gunter obtaining other employment pursuant to which Gunter and his xxxxxxents are eligible for medical insurance coveraxx, xx (ii) the date eighteen (18) months after the Termination Date. The payments of the COBRA amounts described in this paragraph by the Company are conditional upon Gunter's compliance with all conditions to receipt of severance payxxxxx xxecified in paragraph 4 above.
