Common use of Health and Related Benefits Clause in Contracts

Health and Related Benefits. During the Consulting Period and at the Company’s expense, Consultant, at Consultant’s election and to the fullest extent permitted by law, shall be eligible to participate in any and all benefit plans available to employees (including, but not limited to, medical and dental insurance, retirement plans, disability insurance and life insurance) implemented by the Company or Parent from time to time for its executive employees and their families. Such employment benefits shall be governed by the applicable plan documents, insurance policies, and/or employment policies, and may be modified, suspended, or revoked in accordance with the terms of the applicable documents or policies; provided, however, if Consultant is not be eligible to participate in any employee benefit plan, the Company shall reimburse Consultant for the costs he incurs to separately secure such benefits, such reimbursement to Consultant to be made by the Company on a grossed-up basis so that the net amount, after taxes, is equal to the sum Consultant is required to pay to acquire such benefits.

Health and Related Benefits. During the Consulting Period and at the Company’s expense, Consultant, at Consultant’s election and to the fullest extent permitted by law, shall be eligible to participate in any and all benefit plans available to employees (including, but not limited to, medical and dental insurance, retirement plans, disability insurance and life insurance) implemented by the Company or Parent from time to time for its executive employees and their families. Such employment benefits shall be governed by the applicable plan documents, insurance policies, and/or employment policies, and may be modified, suspended, or revoked in accordance with the terms of the applicable documents or policies; provided, however, if Consultant is not be eligible to participate in any employee benefit plan, the Company shall reimburse Consultant for the costs he incurs to separately secure such benefits, such reimbursement to Consultant to be made by the Company on a grossed-up basis so that the net amount, after taxes, is equal to the sum Consultant is required to pay to acquire such benefits. 5.