Common use of Employee Benefits; Vacation Clause in Contracts

Employee Benefits; Vacation. (a) The Employee shall be fully vested and entitled to participate in any and all life insurance, medical insurance, disability insurance, pension, incentive and savings and other employee benefit plans which are made available by the Company during the Employment Term to executives of the Company of the Employee's rank, to the extent that the Employee qualifies under the eligibility provisions of such plans. (b) The Employee shall be entitled to vacations (taken consecutively or in segments), aggregating four (4) weeks for each fiscal year of the Company during the Employment Term, to be taken at times consistent with the effective discharge of the Employee's duties. Unused vacation time shall not accumulate from year to year and, in the event any such unused vacation time is remaining at the end of the fiscal year, the Employee shall not be entitled to be paid for any such remaining time.

Employee Benefits; Vacation. (a) The Employee shall be fully vested and entitled to participate in any and all life insurance, medical insurance, disability insurance, pension, incentive and savings and other employee benefit plans which are made available by the Company during the Employment Term to 9 -9- executives of the Company of the Employee's rank, to the extent that the Employee qualifies under the eligibility provisions of such plans. (b) The Employee shall be entitled to vacations (taken consecutively or in segments), aggregating four (4) weeks for each fiscal year of the Company during the Employment Term, to be taken at times consistent with the effective discharge of the Employee's duties. Unused vacation time shall not accumulate from year to year and, in the event any such unused vacation time is remaining at the end of the fiscal year, the Employee shall not be entitled to be paid for any such remaining time.

Employee Benefits; Vacation. (a) The Employee shall be fully vested and entitled to participate in any and all life insurance, medical insurance, disability insurance, pension, incentive and savings and other employee benefit plans which are made available by the Company during the Employment Term to executives of the Company of the Employee's rank, to the extent that the Employee qualifies under the eligibility provisions of such plans. (b) The Employee shall be entitled to vacations (taken consecutively or in segments), aggregating four (4) weeks for each fiscal year of the Company during the Employment Term, to be taken at times consistent with the effective discharge of the Employee's duties. Unused vacation time shall not accumulate from year to year and, in the event any such unused vacation time is remaining at the end of the fiscal year, the Employee shall not be entitled to be paid for any such remaining time.