Common use of Employee Benefits and Vacation Clause in Contracts

Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements and fringe benefits and perquisites generally maintained by the Company from time to time for the benefit of senior executives of the Company of a comparable level in each case in accordance with their respective terms as in effect from time to time (other than any special arrangement entered into by contract with an executive). The Executive shall be initially provided with a leased automobile or an automobile allowance by the Company, in such manner and at such level as determined by the Company; however, the Company reserves the right, upon recommendation of the Compensation Committee, to modify the arrangement or change the level of allowances in the future. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and prerequisites provided to Executive or the items under Section 6 below. Notwithstanding the foregoing, for the two (2) year period after a Change in Control (the "Change in Control Protection Period"), while employed, Executive shall be entitled to (i) coverage and benefits at least equal in the aggregate to the benefits provided under the benefit plans and programs, including, without limitation, any life insurance, medical insurance, disability, pension, savings, incentive, retirement and other plans and programs, of the Company applicable to Executive immediately prior to such Change in Control and any (ii) fringe benefits and prerequisites of at least equal value to those provided by the Company to the Executive immediately prior to the Change in Control.

Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements and fringe benefits and perquisites generally maintained by the Company from time to time for the benefit of the senior executives of the Company of a materially comparable level in each case in accordance with their respective terms as in effect from time to time (other than any special arrangement entered into by contract with an executive). The Executive shall be initially provided with a leased automobile or an automobile allowance by the Company, in such manner and at such level as determined by the Company; however, the Company reserves the right, upon recommendation of the Compensation Committee, to modify the arrangement or change the level of allowances in the future. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and prerequisites perquisites provided to Executive or the items under Section 6 below. Notwithstanding the foregoing, for the two (2) year period after a Change in Control (of Control, during the "Change in Control Protection Period"), while employedEmployment Term, Executive shall be entitled to (i) coverage and benefits at least equal in the aggregate to the benefits provided under the benefit plans and programs, including, without limitation, any life insurance, medical insurance, disability, pension, savings, incentive, retirement and other plans and programs, of the Company applicable to Executive immediately prior to such Change in of Control and any (ii) fringe benefits and prerequisites perquisites of at least equal value to those provided by the Company to the Executive immediately prior to the Change in of Control.