Common use of Benefit Plans and Vacation Clause in Contracts

Benefit Plans and Vacation. Subject to the terms of such plans, Executive shall be eligible to participate in or receive benefits under any pension plan, profit sharing plan, salary deferral plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, or any other health, welfare or fringe benefit plan, generally made available to similarly-situated WMI executive employees. Neither WMI nor the Company shall be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, or perquisite, so long as such changes are similarly applicable to similarly-situated employees generally. During the Employment Period, Executive shall be entitled to vacation each year in accordance with the Company's policies in effect from time to time, but in no event less than four (4) weeks paid vacation per calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Waste Management Inc), Employment Agreement (Waste Management Inc)

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Benefit Plans and Vacation. Subject to the terms of such plans, Executive shall be eligible to participate in or receive benefits under any long-term incentive plan, pension plan, profit sharing plan, salary deferral plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, or any other health, welfare or fringe benefit plan, generally made available to similarly-situated WMI executive employees. Neither WMI nor the Company shall be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, or perquisite, so long as such changes are similarly applicable to similarly-situated employees generally. During the Employment Period, Executive shall be entitled to vacation each year in accordance with the Company's ’s policies in effect from time to time, but in no event less than four (4) weeks paid vacation per calendar year.

Appears in 1 contract

Samples: Employment Agreement (Waste Management Inc)

Benefit Plans and Vacation. Subject to the terms of such plans, Executive shall be eligible to participate in or receive benefits under any pension plan, profit sharing plan, salary deferral plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, or any other health, welfare or fringe benefit plan, generally made available by the Company to similarly-situated WMI executive employees. Neither WMI nor the Company or WMI shall be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, or perquisite, so long as such changes are similarly applicable to similarly-similarly situated employees generally. During the Employment Period, Executive shall be entitled to vacation each year in accordance with the Company's ’s policies in effect from time to time, but in no event less than four (4) weeks paid vacation per calendar year.

Appears in 1 contract

Samples: Employment Agreement (Waste Management Inc)

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Benefit Plans and Vacation. Subject to the terms of such plans, Executive shall be eligible to participate in or receive benefits under any pension plan, profit sharing plan, salary deferral plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, or any other health, welfare or fringe benefit plan, generally made available by the Company to similarly-situated WMI executive employees. Neither WMI nor the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, or perquisite, so long as such changes are similarly applicable to similarly-similarly situated employees generally. During the Employment Period, Executive shall be entitled to vacation each year in accordance with the Company's ’s policies in effect from time to time, but in no event less than four (4) weeks paid vacation per calendar year.

Appears in 1 contract

Samples: Employment Agreement (Waste Management Inc)

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