Executive Benefit Plans. The Executive shall be entitled to participate in all plans or programs sponsored by the Company for employees in general, including without limitation, participation in any group health, medical reimbursement, or life insurance plans.
Executive Benefit Plans. The Executive will be eligible to participate in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.
Executive Benefit Plans. All of the Executive benefit plans referred to or contemplated by this Agreement shall be governed solely by the terms of the underlying plan documents and applicable law. Nothing in this Agreement shall impair the Company’s right to amend, modify, replace, and terminate any and all such plans in its sole discretion as provided by law. This Agreement is for the sole benefit of Executive and the Company, and is not intended to create an Executive benefit plan or to modify existing terms of existing plans.
Executive Benefit Plans. Executive shall participate in the employee benefit plans (including group medical and dental plans, a group term life insurance plan, a disability plan and a 401(k) Savings plan) generally applicable to employees of the Company, as those plans may be in effect from time to time.
Executive Benefit Plans. Based on the plans maintained by the Company from time to time during the term of this Agreement for its similarly situated executives, and subject to change at any time, the Executive will be provided with a comprehensive and competitive benefits package including medical, dental, vision, life, AD&D, STD, and LTD. Executive shall be eligible to participate in such benefit plans, according to the terms and conditions of those plans. Executive will pay same amount as all other similarly situated executive employees for health premiums.
Executive Benefit Plans. At all times during the Term, Executive shall, unless prohibited by the Code or other applicable law, be eligible to participate in all pension and welfare plans and programs of the Company for executive employees, currently existing or subsequently adopted, including but not limited to the following:
(i) all qualified pension plans (e.g., profit sharing and 401(k) plans);
(ii) all long-term disability and life insurance plans and programs;
(iii) all group health insurance plans; and
(iv) all supplemental retirement plans and programs.
Executive Benefit Plans. The Executive and/or his family (to the extent eligible), as the case may be, will be eligible to participate on substantially the same basis as the Company’s other senior executive officers in any executive benefit plans offered by the Company. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as Company takes such action generally with respect to other similarly situated senior executive officers.
Executive Benefit Plans. Except as provided in this Agreement, effective as of the A/L Split Date, Xxxx shall assume and be solely responsible for all Liabilities to or relating to Xxxx Employees and Former Xxxx Employees under all Parent Executive Benefit Plans and Xxxx Executive Benefit Plans.
Executive Benefit Plans. Executive shall be entitled to participate in and receive benefits from all of the Company’s executive benefit plans that are maintained by the Company for its executives as of the Effective Date, including, but not limited to any retirement plan, profit-sharing plan, or other executive benefit plan that the Company establishes for the benefit of its executives after the Effective Date (“Executive Benefit Plans”). No amounts paid to Executive from an Executive Benefit Plan shall count as compensation due Executive as Base Salary or Performance Bonus provided for hereunder. Nothing in this Agreement shall prohibit the Company from modifying or terminating any of its Executive Benefit Plans in a manner that does not discriminate between Executive and other executives of the Company. The Company reserves the right to amend or cancel any Executive Benefit Plan at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.
Executive Benefit Plans. Executive Benefit Plans, when immediately preceded by “Xxxx-XxXxx,” means the Xxxx-XxXxx Benefits Restoration Plan and the Xxxx-XxXxx Corporation Chemical Division Nonqualified Retirement Plan. When immediately preceded by “Tronox,” Executive Benefit Plans means the non-qualified retirement plans to be established by Tronox pursuant to Section 2.03 that correspond to the defined benefit portion of the Xxxx-XxXxx Benefits Restoration Plan and to the Xxxx-XxXxx Corporation Chemical Division Nonqualified Retirement Plan.
