Common use of Employee Benefit Plans and Programs Clause in Contracts

Employee Benefit Plans and Programs. During the Employment Period, the Executive shall be treated as an employee of the Bank and shall be entitled to participate in and receive benefits under any and all qualified and non-qualified retirement, pension, savings, profit-sharing or stock bonus plans, any and all group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans, and any other employee benefit and compensation plans (including, but not limited to, any incentive compensation plans or programs, stock option and appreciation rights plans and restricted stock plans) as may from time to time be maintained by, or cover employees of, the Bank, including those for Senior Executive Vice Presidents, in accordance with the terms and conditions of such employee benefit plans and programs and compensation plans and programs and consistent with the Bank’s customary practices.

Employee Benefit Plans and Programs. During the Employment Period, the Executive shall be treated as an employee of the Bank Company and shall be entitled to participate in and receive benefits under any and all qualified and non-qualified retirement, pension, savings, profit-sharing or stock bonus plans, any and all group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans, and any other employee benefit and compensation plans (including, but not limited to, any incentive compensation plans or programs, stock option and appreciation rights plans and restricted stock plans) as may from time to time be maintained by, or cover employees of, the BankCompany, including those for Senior Executive Vice Presidents, in accordance with the terms and conditions of such employee benefit plans and programs and compensation plans and programs and consistent with the BankCompany’s customary practices.

Employee Benefit Plans and Programs. During the Employment Period, the Executive shall be treated as an employee of the Bank Company and shall be entitled to participate in and receive benefits under any and all qualified and non-qualified retirement, pension, savings, profit-sharing or stock bonus plans, any and all group life, health (including hospitalization, medical and major medical), dental, accident and long term disability insurance plans, and any other employee benefit and compensation plans (including, but not limited to, any incentive compensation plans or programs, stock option and appreciation rights plans and restricted stock plans) as may from time to time be maintained by, or cover employees of, the Bank, Company including those for Senior Executive Vice Presidents, in accordance with the terms and conditions of such employee benefit plans and programs and compensation plans and programs and consistent with the BankCompany’s customary practices.