Corporate Benefit Plans. Employee shall be entitled to participate in or become a participant in all cash and non-cash employee benefit plans maintained by the Corporation for its executive officers.
Corporate Benefit Plans. Executive shall be entitled to participate in or become a participant in any employee benefit plan maintained by Employer for which Executive is or will become eligible on such terms as the Board of Directors or its designee may, in its discretion, establish, modify or otherwise change.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Bank for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change.
(b) The Bank shall provide Employee with a disability insurance policy providing benefits commensurate with other employees as so amended by the Board from time to time.
(c) The Bank shall pay the premiums on group term insurance on the life of Employee in an amount equal to two times his base salary under a qualified group benefits plan as secured by the Bank.
Corporate Benefit Plans. Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Corporation for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change. On and after the effective date of the Share Exchange, Employee shall be entitled to participate in the Cardinal plans, as set forth in Section 5.1 of the Share Exchange Agreement. Notwithstanding the above, Employee will not be eligible to participate in the Cardinal Bank Deferred Compensation Plan. However on or after the Effective Date, he will be eligible to participate in an executive deferred compensation plan that is materially equivalent to the Xxxxxx Xxxxx Mortgage, LLC Executive Deferred Compensation Plan.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Bank for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change.
(b) The Bank shall provide Employee with a disability insurance policy providing benefits commensurate with those benefits provided to other executive level employees of the Bank, as may be amended by the Board from time to time.
(c) The Bank shall pay the premiums on a monthly basis on group term insurance on the life of Employee in an amount equal to two and one-half times his base salary up to a maximum of $500,000 with a non-medical cap at $400,000, under a qualified group benefits plan as secured by the Bank.
(d) The Bank shall pay Employee a monthly automobile allowance of $750, net of applicable taxes, during the term of this Employment Agreement.
Corporate Benefit Plans. Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Corporation for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change. On and after the effective date of the Merger, Employee shall be entitled to participate in the ICBI plans, as set forth in Section 5.1 of the Merger Agreement.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Corporation for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change.
(b) The Corporation shall provide Employee with a disability insurance policy providing benefits commensurate with other employees as so amended by the Board from time to time.
(c) The Corporation shall pay the premiums on group term insurance on the life of Employee in an amount equal to two times his base salary under the CNA group term life insurance program.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Bank for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change.
(b) The Bank shall provide Employee with a disability insurance policy providing benefits commensurate with other employees as so amended by the Board from time to time.
(c) The Bank shall pay the premiums on group term insurance on the life of Employee in an amount equal to two and one-half times his base salary up to a maximum of $500,000 with a non-medical cap at $400,000, under a qualified group benefits plan as secured by the Bank.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by the Corporation for which he is or will become eligible on such terms as the Board of Directors may, in its discretion, establish, modify or otherwise change.
(b) The Corporation shall provide Employee with a disability insurance policy providing benefits commensurate with other employees as so amended by the Board from time to time.
(c) The Corporation shall pay the premiums on group term insurance on the life of Employee in an amount equal to two times his base salary under a group term life insurance program or policy of the Corporation’s choosing. Additionally, the Corporation shall pay the annual premiums on two $300,000 policies with Metlife policy #006425827AH and Reassure America Life Ins. Co. policy #AUCK002933.
Corporate Benefit Plans. (a) Employee shall be entitled to participate in or become a participant in any employee benefit plan maintained by Employer for which he is or will become eligible on such terms as the board of directors may, in its discretion, establish, modify or otherwise change.
(b) Employer shall provide Employee with a disability insurance policy providing benefits commensurate with other senior executive employees of Employer as amended by the board of directors from time to time.
