Executive Perquisites and Benefits. During the Effective Employment Period, Executive shall be entitled to participate in and receive benefits pursuant to: (i) any and all employee pension plans (“Employee Pension Benefit Plans,” as that term is defined in the Employee Retirement Income Security Act of 1974 (“ERISA”) and whether or not such plan is a plan covered by ERISA), including but not limited to all qualified or non-qualified retirement, pension, savings, profit-sharing or stock bonus plans, and (ii) any and all welfare benefit plans (“Employee Welfare Benefit Plans,” as that term is defined in ERISA and whether or not such plan is a plan covered by ERISA), including but not limited to group life, health (including hospitalization, medical and major medical, prescription drug), accident and long-term disability insurance plans, and (iii) 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, 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 and whether or not such plans are ERISA plans. Such benefits or plans shall collectively be referred to as the “Benefits.” In addition, the Executive shall be provided the following Benefits during the Effective Employment Period:
Appears in 4 contracts
Samples: Employment Agreement (HCBF Holding Company, Inc.), Employment Agreement (HCBF Holding Company, Inc.), Employment Agreement (HCBF Holding Company, Inc.)
