Common use of Health Insurance and Other Benefits Clause in Contracts

Health Insurance and Other Benefits. During the Term the Executive shall be provided all employee benefits provided by the Company to its management and all other Company salaried employees, including without limitation, all medical insurance and life insurance plans or arrangements and shall be entitled to participate in all pension, profit sharing, stock option and any other employee benefit plan or arrangement established and maintained by the Company for similarly situated employees, all subject, however, to the Company rules and policies then in effect regarding participation therein. During the Term, the benefits provided to the Executive, as described in the preceding sentence, shall not be reduced except in accordance with the general reduction of such benefits applicable to similarly situated employees generally, but then only to the extent that such benefits are reduced for such other similarly situated employees.

Appears in 8 contracts

Samples: Employment Agreement (Directrix Inc), Employment Agreement (Directrix Inc), Employment Agreement (Directrix Inc)

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Health Insurance and Other Benefits. During the Term term of this Agreement, the Executive shall be provided all employee benefits provided by the Company to its management and all other Company salaried employees, including without limitation, all medical insurance and life insurance plans or arrangements and shall be entitled to participate in all pension, profit sharing, stock option and any other employee benefit plan or arrangement established and maintained by the Company for similarly situated employeesCompany, all subject, however, to the Company rules and policies then in effect regarding participation therein. During the Termterm of this Agreement, the benefits provided to the Executive, as described in the preceding sentence, shall not be reduced except in accordance with the general reduction of such benefits applicable to similarly situated all salaried employees generally, but then only to the extent that such benefits are reduced for such other similarly situated salaried employees.

Appears in 3 contracts

Samples: Employment Agreement (Harbin Electric, Inc), Employment Agreement (Harbin Electric, Inc), Employment Agreement (Harbin Electric, Inc)

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Health Insurance and Other Benefits. During the Term the Executive shall be provided all employee benefits provided by the Company to its management and all other Company salaried employees, including without limitation, all medical insurance and life insurance plans or arrangements and shall be entitled to participate in all pension, profit sharing, stock option and any other employee benefit plan or arrangement established and maintained by the Company for similarly situated employeesCompany, all subject, however, to the Company rules and policies then in effect regarding participation therein. During the Term, the benefits provided to the Executive, as described in the preceding sentence, shall not be reduced except in accordance with the general reduction of such benefits applicable to similarly situated all salaried employees generally, but then only to the extent that such benefits are reduced for such other similarly situated salaried employees.

Appears in 2 contracts

Samples: Employment Agreement (Spice Entertaiment Companies Inc), Employment Agreement (Spice Entertaiment Companies Inc)

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