Common use of Group/Executive Benefits Clause in Contracts

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. Except as otherwise specifically provided herein, Tiller Xxxxxxx 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 Xxxxxxx'x family.