Common use of Executive Plans Clause in Contracts

Executive Plans. The Executive shall be eligible (subject to the --------------- terms and conditions of particular plans and programs) to participate in such medical, hospitalization, group health, dental, accident, disability and life insurance programs and plans, such 401(k) plans, profit sharing, stock option, incentive compensation and stock purchase plans and such other employee benefit programs to the same extent such plans and programs are made generally available by the Company to all of its other similarly-situated executive employees. The Company may alter, modify, add to or delete its benefit plans at any time as the Company or its Board may determine, in its sole judgment, to be appropriate without recourse by the Executive, provided the same does not single out the Executive. Nothing herein shall be construed as requiring the Company to establish or continue any particular benefit plan in discharge of its obligations under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Dialysis Corp of America), Employment Agreement (Dialysis Corp of America), Employment Agreement (Dialysis Corp of America)

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