General Benefit Plans. 30.5.1 Subject to the provisions of this Article the Company will maintain in full force and effect the above benefit policies and plans for those employees eligible to participate and agreeing to the deduction from their pay checks of the indicated amount where employee contribution is indicated. The Company will pay the balance of the costs of those electing to take coverage where contribution is indicated.
General Benefit Plans. Except as provided otherwise in Section 5.2 above and in this Section 6.1, the Executive shall be entitled to participate in all of the Corporation's health, retirement, life insurance, stock option, and other benefit plans, programs or practices from time to time in effect for Senior Management in accordance with their terms; provided, however, that the Executive shall not be entitled to participate in any severance program or arrangement established for other employees of the Corporation; provided, further, that, subject to satisfying underwriting requirements, the Executive shall be entitled to participate in a disability program comparable to that provided to the Executive by Alcatel immediately prior to his termination of employment with Alcatel and, assuming that the Executive is insurable, the Executive shall be entitled to participate in an arrangement that provides term life insurance coverage of $2 million on the life of the Executive for so long as he is employed by the Corporation.
General Benefit Plans. The Executive shall be permitted to participate in all employee benefit plans, including group health plans and disability insurance plans, in the scope and form as currently provided, to other employees of the Bank generally, and as may be amended from time to time at the discretion of the Bank in accordance with the Bank’s standard procedures.
General Benefit Plans. During employment hereunder, Executive shall be entitled to receive those benefits which are routinely made available to all other Company employees, including participation in any profit sharing plan, retirement plan, Company-provided life insurance, or similar benefit plans maintained or sponsored by the Company.
General Benefit Plans. While employed by Employer, Employee will be allowed to participate in those employee benefit plans and programs that are generally made available by Employer and its parent company, Xxxxxx North America Inc., to other members of the Executive Committee who are regularly employed and reside within the United States (the “Peer Executives”) and shall continue to participate in the HRH Supplemental Executive Retirement Plan to the extent the plan remains in effect following the Effective Date. Such plans and programs will include medical coverage and a 401(k) retirement plan, and may also include, without limitation, dental coverage plan, life insurance, disability insurance. Employee’s participation in such plans and programs will be allowed in accordance with and subject to the normal terms and conditions of such plans and programs as applied to the Peer Executives, as such plans and programs (including, but not limited to, any and all benefit plan documents) may be amended or terminated from time to time. Notwithstanding the foregoing, Employee’s participation in such plans and programs will take into account, and shall be administered in accordance with and subject to, the terms and conditions of Section 5.14(b) of the Merger Agreement.
