Employee and Other Benefits. 5.1. Executive shall be entitled to participate in all employee and executive benefit plans of the Company that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives and other employees at a level commensurate with his position subject to satisfying the applicable eligibility requirements.
Employee and Other Benefits. (a) Subject to the Executive’s timely execution of the Waiver and Release:
Employee and Other Benefits. (a) During the period commencing on the Termination Date and ending [24 months for named executive officers; 15 - 24 months for other officers] after the Termination Date (the “Severance Period”) and in satisfaction of COBRA continuation coverage during such period with respect to healthcare benefits, (i) the Executive (and his or her participating dependents) shall be eligible to participate in, and shall receive benefits under Exelon’s welfare benefit plans (including medical, dental and vision) in which the Executive (and his or her eligible dependents) were participating immediately prior to the Termination Date, and (ii) the Executive shall be eligible to participate in the life insurance programs in which he or she was a participant immediately prior to the Termination Date, in each case on the same basis as if the Executive had remained actively employed during the Severance Period.
Employee and Other Benefits. (a) If the Executive is entitled to any benefit under the current terms and conditions of any employee benefit plan of the Company that is accrued and vested on the Termination Date and that is not expressly referred to in this Agreement, such benefit shall be provided to the Executive in accordance with the terms and conditions of such employee benefit plan.
Employee and Other Benefits. (a) Until the third anniversary of the Employment Termination Date, (i) the Executive (and his family) shall be eligible to participate in, and shall receive benefits under Exelon's welfare benefit plans (including medical, dental, vision and hearing) in which the Executive (and his family) were participating immediately prior to the Employment Termination Date, and (ii) the Executive shall be eligible to participate in the basic and executive life insurance programs in which he was a participant immediately prior to the Employment Termination, in each case on the same basis as if the Executive had remained actively employed until the end of such three-year period.
Employee and Other Benefits. (a) Until the third anniversary of the Employment Termination Date, (i) Executive (and his family) shall be eligible to participate in, and shall receive benefits under, the welfare benefit plans, practices, policies and programs provided by the Company or its subsidiaries (including without limitation, medical, prescription, dental, vision care, disability, salary continuance, employee life, group life, dependent life, accidental death and travel accident insurance plans and programs) generally available to senior executives of the Company as of the Employment Termination Date (all such welfare benefit plans, practices, policies and programs, collectively, the "Plans"), on the same basis as if Executive had remained as Chairman and Co-Chief Executive Officer and as a member of the Board of Directors of the Company until the end of such three-year period, and (ii) Executive shall be entitled to estate and financial planning services and tax preparation services on the same basis as if Executive had remained as Chairman and Co-Chief Executive Officer and a member of the Board of Directors of the Company until the end of such three-year period; provided, however, that the Company shall provide at no cost to Executive an amount of term life insurance coverage that, when added to the coverage available at no cost to Executive under the Company's group or employee life plans or programs, equals $3,345,000 (representing three times the Executive's annual base salary); and provided further that, until December 31, 2003, participation in such welfare benefit plans and practices, policies and programs shall be on terms no less favorable than those available to John W. Rowe. In the event that soxx xx xxx xx such benefits cannot be made available by the Company to Executive during the period ending on the third anniversary of the Employment Termination Date, the Company shall pay to Executive an amount equal to the economic equivalent of such unavailable benefits. Following the Employment Termination Date, the Company shall continue to pay the lease payments, until the end of the term of the lease, required by the Company's lease of the Acura MDX automobile used by Executive, and Executive shall continue to have use of such automobile at his own expense (including, without limitation, the expense of operation, maintenance and insurance, but not including such lease payments) until the end of the term of the lease. At the end of such lease term, the Company shall assi...
Employee and Other Benefits. (a) During the period commencing on the Termination Date and ending months after the Termination Date (the “Severance Period”) and in satisfaction of COBRA continuation coverage during such period with respect to healthcare benefits, (i) the Executive (and his or her participating dependents) shall be eligible to participate in, and shall receive benefits under Exelon’s welfare benefit plans (including medical, dental, vision and hearing) in which the Executive (and his or her eligible dependents) were participating immediately prior to the Termination Date, and (ii) the Executive shall be eligible to participate in the life insurance programs in which he or she was a participant immediately prior to the Termination Date, in each case on the same basis as if the Executive had remained actively employed during the Severance Period.
Employee and Other Benefits. 5.1 In his capacity as the President and Chief Executive Officer of the Company, Executive shall develop for the Board’s review and approval an employee benefit plan for the Company’s executives and other employees which is commensurate with similarly sized and situated companies and which is appropriate given the Company’s financial condition.
