Benefits 4 Clause Samples
The "Benefits 4" clause defines the specific rights, advantages, or entitlements that a party is eligible to receive under the agreement. In practice, this clause outlines what types of benefits are provided, such as financial payments, access to services, or other forms of consideration, and may detail the conditions or timelines for receiving them. Its core function is to clearly establish what each party is entitled to, thereby preventing misunderstandings and disputes regarding the benefits conferred by the contract.
Benefits 4. 2.1 The Company shall be entitled to grant Executive Officers benefits as specified below, which shall be determined taking into account the terms customary in the market for Executive Officers in similar positions and in accordance with the Company’s policies or those of the applicable affiliate, such as: (a) pension arrangements (including an arrangement according to the Severance Pay Law, 5723-1963) or a defined benefit plan; (b) disability insurance; (c) health insurance;
Benefits 4. 3.a.7-10, 4.8, 4.9.a, 3.2.g.5.a)
(a) Health Insurance: Coverage for the Resident/Fellow and members of Resident/Fellow's immediate family (exs: spouse, children) is available and is effective on the first day of the Resident/Fellow’s employment. There is no premium cost to Resident/Fellow for individual coverage; family coverage is available but requires premium payment by the Resident/Fellow. Plans also include a prescription drug benefit. Charges for services not covered under the plan selected are the responsibility of the Resident/Fellow.
(b) Dental Insurance: Dental plans are available at employee rate.
(c) Vision Insurance: Vision plans are available at employee rate.
Benefits 4. 1. Each member of the Editorial Board receives a free subscription to the journal.