Benefit Plans; Vacation. During the Term of Employment, the Executive shall be entitled to participate in all broad-based employee benefit plans and programs maintained from time to time for the benefit of the Company’s employees (e.g., medical, dental and disability benefits) to the extent that the Executive satisfies the eligibility requirements of such plans or programs (including, without limitation, minimum hours worked) and subject to applicable law and the terms and conditions of such plans or programs; provided, however, that the Company may amend, modify or terminate any such plans or programs at any time in its discretion. During the Term of Employment, the Executive shall be entitled to twenty five (25) days of paid time off per calendar year (pro-rated for partial years), subject to the Company’s paid time off policy, as in effect from time to time.
Benefit Plans; Vacation. During the Employment Period, the Executive shall be entitled to participate, subject to and in accordance with applicable eligibility requirements, in such fringe benefit programs as shall be provided to other executives of the Company and its affiliated companies from time to time during the Employment Period by action of the Board (or any person or committee appointed by the Board to determine fringe benefit programs and other emoluments), including, without limitation, paid vacations; any incentive, savings and retirement plan, practice, policy or program; and all welfare benefit plans, practices, policies and programs (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs).
Benefit Plans; Vacation. During the Employment Term, the Executive will be eligible to participate in any employee benefit plan adopted by the Company for the benefit of its executive employees, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided under this Agreement. The Executive shall be entitled to the same vacation policy for executive employees of the Company as in effect from time to time. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time.
Benefit Plans; Vacation. During the Term of Employment, the Executive shall be eligible to participate in, and be covered on the same basis as other senior management of the Company under, all broad-based employee benefit plans and programs maintained from time to time for the benefit of the Company’s employees, subject to the Executive’s satisfaction of the eligibility requirements of such plans or programs and subject to applicable law and the terms and conditions of such plans or programs; provided, however, that the Company may amend, modify and/or terminate any such plans or programs at any time in its discretion.
Benefit Plans; Vacation. The Executive and his eligible family members shall be entitled to participate in any group and/or executive life, hospitalization or disability insurance plan, health program, vacation policy, pension, profit sharing, 401 (k) and similar benefit plans (qualified, non-qualified and supplemental) or other fringe benefits of the Company on terms generally applicable to the Company’s senior executives, subject to the terms, conditions and limitations of such plans and programs. If the Executive chooses not to participate in the Company’s health program, the Company shall pay Executive an amount in cash equal to the premiums for the medical policy covering himself and his eligible dependents that is in effect on the Effective Date on a monthly basis, and shall gross up Executive for any taxes incurred by Executive in connection with such premium payments. The Executive shall be entitled to four (4) weeks of vacation during each of the Company’s fiscal years (pro rated for any partial fiscal years) in lieu of any other vacation pay policy of the Company.
Benefit Plans; Vacation. During Executive's employment with Employer, Employer will pay the cost of Executive's participation in any group health insurance plan then maintained by Employer to the same limited extent provided to employees of Employer generally. Executive will be entitled to participate in any other benefit plan of Employer offered by Employer to its employees generally, provided Executive is eligible to participate under the terms of any such plan at standard rates. Executive shall be entitled to receive three (3) weeks paid vacation per annum.
Benefit Plans; Vacation. During the Term of Employment, the Executive shall be entitled to participate in all broad-based employee benefit plans and programs maintained from time to time for the benefit of the Company’s employees (e.g., medical, dental and disability benefits) to the extent that the Executive satisfies the eligibility requirements of such plans or programs (including, without limitation, minimum hours worked) and subject to applicable law and the terms and conditions of such plans or programs; provided, however, that the Company may amend, modify or terminate any such plans or programs at any time in its discretion. During the Term of Employment, the Executive shall be entitled to the pro-rated number of paid time off days, based upon his percentage of full-time worked and upon an allotment of 25 days of paid time off per calendar year if full time, and further prorated for partial years, or such greater amount provided for pursuant to the Company’s paid time off policy, as in effect from time to time, in each case, subject to the terms and conditions of such policy.
Benefit Plans; Vacation. During the Term of Employment, the Executive shall be entitled to participate in all broad-based employee benefit plans and programs maintained from time to time for the benefit of the Company’s employees (e.g., medical, dental and disability benefits) to the extent that the Executive satisfies the eligibility requirements of such plans or programs (including, without limitation, minimum hours worked) and subject to applicable law and the terms and conditions of such plans or programs; provided, however, that the Company may amend, modify or terminate any such plans or programs at any time in its discretion. Notwithstanding the foregoing, the Company will provide medical (including dental and vision) benefits to Executive during the Term of Employment at least as comprehensive as those provided as of July 1, 2017. During the Term of Employment, the Executive shall be entitled to twenty five (25) days of paid time off per calendar year (pro-rated for partial years), subject to the Company’s paid time off policy, as in effect from time to time.
Benefit Plans; Vacation. During the Term, Executive shall be eligible to participate in employee benefit plans and programs made available to the Company Group’s senior executives, as in effect from time to time, as may be amended from time to time and subject to the eligibility requirements and all of the other terms and conditions thereof (the “Benefit Plans”). During the Term, Executive shall be entitled to receive 25 business days of paid personal time off per calendar year (prorated for partial years). The Company will match Executive’s contributions to the Company 401(k) plan 100% up to $6,000 per year. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time in its discretion.
Benefit Plans; Vacation. (i) Parent shall take such action as may be necessary so that on and after the Effective Time and for one year thereafter, directors (who are employees of the Company or any of its Subsidiaries), officers and employees of the Company and its Subsidiaries shall be provided employee benefits, plans and programs (including but not limited to incentive compensation, deferred compensation, pension, life insurance, medical (which eligibility shall not be subject to any exclusions for any pre-existing conditions if such individual has met the participation requirements of such benefits, plans or programs of the Company or its Subsidiaries), profit sharing (including 401(k), severance, salary continuation and fringe benefits) which are no less favorable in the aggregate than those generally available to similarly situated directors, officers and employees of Capstar Broadcasting Corporation and its Subsidiaries. For purposes of eligibility to participate and vesting in all benefits provided to directors, officers and employees, the directors, officers and employees of the Company and its Subsidiaries will be credited with their years of service with the Company and its Subsidiaries and prior employers to the extent service with the Company and its Subsidiaries and prior employers is taken into account under plans of the Company and its Subsidiaries. Upon termination of any health plan of the Company or any of its Subsidiaries, individuals who were directors, officers or employees of the Company or its Subsidiaries at the Effective Time shall, if employed by the Company and its Subsidiaries, become eligible to participate in such health plans established by Parent. Amounts paid before the Effective Time by directors, officers and employees of the Company and its Subsidiaries under any health plans of the Company shall after the Effective Time be taken into account in applying deductible and out-of-pocket limits applicable under the health plans of Parent provided as of the Effective Time to the same extent as if such amounts had been paid under such health plans of Parent.
(ii) Parent shall permit and shall cause the Surviving Corporation to permit all individuals who are employees of the Company and its Subsidiaries immediately prior to the Effective Time to retain and take any paid vacation days accrued but not taken or lost under the Company's and its Subsidiaries' vacation policies prior to the Effective Time, provided that such vacation days are taken or paid ...
