Common use of EMPLOYEE WELFARE AND PENSION BENEFITS Clause in Contracts

EMPLOYEE WELFARE AND PENSION BENEFITS. During the Employment Term, the Company shall provide to the Executive the Welfare Benefits and the Pension Plan or other substantially similar employee welfare and pension benefits, but in no event on a basis less favorable in terms of benefit levels and coverage than the Welfare Benefits and the Pension Plan.

Appears in 3 contracts

Samples: Change in Control Agreement (Black Hills Corp), Change in Control Agreement (Black Hills Corp), Change in Control Agreement (Black Hills Corp)

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EMPLOYEE WELFARE AND PENSION BENEFITS. During the Employment Term, the Company shall provide to the Executive Key Employee the Welfare Benefits and the Pension Plan or other substantially similar employee welfare and pension benefits, but in no event on a basis less favorable in terms of benefit levels and coverage than the Welfare Benefits and the Pension Plan.

Appears in 1 contract

Samples: Change in Control Agreement (Black Hills Corp)

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