Group/Executive Benefits. (a) Except as otherwise specifically provided herein, Younger and his family shall participate, on terms no less favorable than are provided to other executive officers of the Company, in any group and/or executive life, hospitalization or disability insurance plan, health program, pension, profit sharing, 401(k) and similar benefit plans (qualified, non-qualified and supplemental) that the Company sponsors for its officers or employees, and in other fringe benefits, including any automobile allowance or arrangement, club memberships and dues, and similar programs (collective referred to as the "Benefits"). All waiting periods for such plans shall be waived, except with respect to any pension plan where waiver of the applicable waiting period is not permitted. It is understood that participating on the "same terms" as other executive officers of the Company means the same rules and/or policies shall apply, recognizing that the result upon applying them can be affected by different credited years of service. E7
(b) Without limiting the generality of the foregoing provisions of this Section 6, the Company shall provide the following specific benefits to Younger:
Group/Executive Benefits. Except as otherwise specifically provided herein, Tiller shall participate, on terms no less favorable than are provided to other Executive Officers of GSS, in any group and/or executive life, hospitalization or disability insurance plan, health program, pension, profit sharing, ESOP, 401(k) and similar benefit plans (qualified, non-qualified and supplemental) that GSS sponsors for its officers or employees, and in other fringe benefits including any automobile allowance or arrangement, club memberships and dues, and similar programs (collectively referred to as the "Benefits"). All waiting periods for such plans shall be waived, except with respect to the pension plan where waiver of the one year waiting period is not permitted under the plan. It is understood that participating on the "same terms" as other the Executive Officers means the same rules and/or policies apply, recognizing that the result upon applying them can be affected by differing credited years of service. As to GSS hospitalization and health program benefits, participation therein shall extend to Tiller's family.
Group/Executive Benefits. Executive and his family shall participate in any group life, health or disability insurance plan, in any pension, 401(k) or similar benefit plan (qualified, non-qualified and supplemental) or other fringe benefits of EDS, disability leave and vacation, on terms not less favorable to Executive than the terms uniformly available to other similarly situated executives of EDS.
Group/Executive Benefits. Group/Executive Benefits: Except as otherwise specifically provided herein, so long as they meet applicable eligibility requirements, Executive and his family shall participate, on the same terms with other employees and officers, in any group and/or executive life including supplemental split dollar life insurance, hospitalization or disability insurance plan, health program, pension, profit sharing, 401(k), vacation, and similar benefit plans (qualified, non-qualified and supplemental) that PCBC sponsors for its officers or employees, and in other fringe benefits including automobile allowance at an annual level no less than $12,000.00, club membership and dues, and similar programs existing at PCBC as of the Effective Date of this Agreement (collectively referred to as the “Benefits”). It is understood that participating on the “same terms” means the same rules and/or policies apply, recognizing that the result upon applying them can be affected by additional credited years of service, among other things. The automobile allowance shall terminate upon the end of Executive’s full-time employment. Further, it is understood and agreed that PCBC shall provide sufficient additional funds as bonus compensation to Executive to cover the 2004 premiums for Executive’s life insurance policy with Pacific Mutual Life Insurance Company (Policy #1A2226471-0) grossed up for income and FICA taxes, and ownership of such policies shall remain with Executive, subject to the existing collateral assignment with respect thereto for premiums paid by PCCI prior to July 1, 2002. Further, with respect to PCBC’s Retiree Health Plan For Key Employees, Executive shall not receive credit for his service with PCCI.
Group/Executive Benefits. Except as otherwise specifically provided herein, Ireland shall participate, on terms no less favorable than are provided to other Executive Officers of GSS, in any group and/or executive life, hospitalization or disability insurance plan, health program, pension, profit sharing, ESOP, 401(k) and similar benefit plans (qualified, non-qualified and supplemental) that GSS sponsors for its officers or employees, and in other fringe benefits including any automobile allowance or arrangement, club memberships and dues, and similar programs (collectively referred to as the "Benefits"). All waiting periods for such plans shall be waived, except with respect to the pension plan where waiver of the one year waiting period is not permitted under the plan. It is understood that participating on the "same terms" as other the Executive Officers means the same rules and/or policies apply, recognizing that the result upon applying them can be affected by differing credited years of service. As to GSS hospitalization and health program benefits, participation therein shall extend to Ireland's family.
Group/Executive Benefits. Participation by Executive and his family, on terms not less favorable to Executive than the terms offered to other senior executives of the Company, in any group life, hospitalization or disability insurance plan, health program (with COBRA equivalent premiums paid on a tax grossed-up basis during any waiting period), pension, 401(k) and similar benefit plans (qualified, nonqualified and supplemental) or other fringe benefits of the Company.
Group/Executive Benefits. Except as otherwise specifically provided herein, so long as they meet applicable eligibility requirements, Xxxxxx and his family shall participate, on the same terms with other employees and officers, in any group and/or executive life including supplemental split dollar life insurance, hospitalization or disability insurance plan, health program, pension, profit sharing, 401(k), vacation, and similar benefit plans (qualified, non-qualified and supplemental) that Employer sponsors for its officers or employees, and in other fringe benefits including automobile allowance at an annual level no less than $12,000, club memberships and dues, income tax preparation and similar programs existing as of the Effective Date of this Agreement (collectively referred to as the "Benefits"). It is understood that participating on the "same terms" means the same rules and/or policies apply, recognizing that the result upon applying them can be affected by additional credited years of service, among other things.
Group/Executive Benefits. Except as specifically provided herein, and subject to its normal compensation practices and the terms and conditions of any applicable plans, Quaker shall provide Mxxxxx and his family with benefits comparable to those enjoyed by other Quaker officers at a similar level, such as group and/or executive life, hospitalization and disability insurance; health program; pension, 401(k), and similar benefit plans; perquisite allowance; financial counseling reimbursement; and similar programs. All waiting periods shall be waived except with respect to the pension plan, where waiver of the one year waiting period is not permitted.
Group/Executive Benefits. Executive and his family may participate on terms no less favorable to Executive than the terms provided to other senior executives of the Corporation, (with all waiting periods waived) in any group and/or executive life, hospitalization or disability insurance plan, health program, pension, profit sharing, ESOP, 401(k) and similar benefit plans (qualified, non- qualified and supplemental) or other fringe benefits of the Corporation, including three weeks of vacation annually, and a monthly vehicle allowance. The company will pay all healthcare premiums for the Executive and his immediate family.
Group/Executive Benefits. Except as otherwise specifically provided herein, Mxxxxxxx and his family shall participate, on terms no less favorable than were provided to the immediately preceding Chief Executive Officer of Quaker, in any group and/or executive life, hospitalization or disability insurance plan, health program, pension, profit sharing, ESOP, 401(k) and similar benefit plans (qualified, non-qualified and supplemental) that Quaker sponsors for its officers or employees, and in other fringe benefits including any automobile allowance or arrangement, club memberships and dues, and similar programs (collectively referred to as the "Benefits"). All waiting periods for such plans shall be waived, except with respect to the pension plan where waiver of the one year waiting period is not permitted. It is understood that participating on the "same terms" as the immediately preceding Chief Executive Officer means the same rules and/or policies apply, recognizing that the result upon applying them can be affected by differing credited years of service.
