Common use of Credit Service Clause in Contracts

Credit Service. Executive’s past years of service with Cytyc Corporation shall be credited when determining his years of service under any and all Cytyc (or any applicable Hologic) benefit and retirement plans. Upon commencement of Executive’s employment with the Company, he will be eligible to participate in all of the Company’s benefits, pension plans and perquisites commensurate with that of other executives on his level. Based on Executive’s prior years of service with Cytyc Corporation, Executive will be automatically vested in the retirement plan at the time he commences employment with the Company.

Appears in 6 contracts

Samples: Retention and Severance Agreement, Retention and Severance Agreement, Retention and Severance Agreement (Hologic Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!