Common use of Benefits and Fringes Clause in Contracts

Benefits and Fringes. (a) During the Employment Term, Executive shall be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company to its executive officers, including pension, retirement, savings, welfare (including life and health insurance) and other employee benefit plans and arrangements. (b) Except as otherwise specifically provided herein, the Executive shall be responsible for the tax consequences of all benefits and fringes.