Common use of Benefit Plans and Programs Clause in Contracts

Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the Company, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will not, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliates.

Appears in 12 contracts

Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Resources, Inc.), Employment Agreement (Mariner Energy Inc)

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Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible invited to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the CompanyCompany from time to time, subject to the eligibility requirements and other terms and conditions of those plans and programs. Such benefit plans and programs shall include, but are not limited to, plans and programs related to medical and dental coverage. The Company will not, however, by reason of this Section 5(b) be obligated either (1i) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2ii) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliatesAffiliates.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company MEI generally for executive employees of the Companyemployees, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will notNeither MEI nor MERI will, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company an Employer or any affiliates of its affiliatesan Employer.

Appears in 3 contracts

Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Resources, Inc.)

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Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible invited to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the CompanyCompany from time to time, subject to the eligibility requirements and other terms and conditions of those plans and programs. Such benefit plans and programs shall include, but are not limited to, plans and programs related to medical and dental coverage. The Company will not, however, by reason of this Section 5(b) ), be obligated either (1i) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2ii) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliatesAffiliates.

Appears in 2 contracts

Samples: Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

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