Common use of Compensation/Benefit Programs Clause in Contracts

Compensation/Benefit Programs. During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans (collectively, the “Welfare Plans”), and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans. The Company shall pay for the premiums on behalf of the Executive with respect to his participation in the Company’s Welfare Plans.

Compensation/Benefit Programs. During the Term of Employment, the Executive shall be entitled to participate in all directors & officers, medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans (collectively, the “Welfare Plans”), and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans. The Company shall pay for the premiums on behalf of the Executive with respect to his participation in the Company’s Welfare Plans.