Insurance; Benefit Plan Participation Sample Clauses

Insurance; Benefit Plan Participation. Xx. Xxxxxx shall be entitled to participate in Xxxxxx Group's 401(k) and deferred compensation plans, subject to the terms and conditions of such plans. Xxxxxx Group also shall provide medical, disability and life insurance coverage to Xx. Xxxxxx on the terms and conditions of each of the plans Xxxxxx Group maintains. Xxxxxx Group will purchase term insurance covering Xx. Xxxxxx, payable to Xx. Xxxxxx'x designated beneficiaries (or to his estate) in the case of death while in the employment of Xxxxxx Group. Such term insurance will have a face value of $1 million, and Xxxxxx Group will pay the annual premiums so long as Xx. Xxxxxx is employed by Xxxxxx Group.
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Insurance; Benefit Plan Participation. Mr. English shall be entitled to participate in Xxxxxx Group’s 401(k) and deferred compensation plans, subject to the terms and conditions of such plans. Xxxxxx Group also shall provide medical, disability and life insurance coverage to Mr. English on the terms and conditions of each of the plans the Company maintains. Mr. English shall be entitled to receive additional stock options as may be granted by the Company, and may participate in stock option programs offered to employees of the Company.
Insurance; Benefit Plan Participation. Xxxxxx shall be entitled to participate in Xxxxxx Group’s 401(k) and deferred compensation plans, subject to the terms and conditions of such plans. Xxxxxx Group also shall provide medical, disability and life insurance coverage to Xxxxxx on the terms and conditions of each of the plans Xxxxxx Group maintains. Xxxxxx Group will purchase term insurance covering Xxxxxx, payable to Xxxxxx’x designated beneficiaries (or to his estate) in the case of death while in the employment of Xxxxxx Group. Such term insurance will have a face value of $1 million, and Xxxxxx Group will pay the annual premiums so long as Xxxxxx is employed by Xxxxxx Group.
Insurance; Benefit Plan Participation. Xx. Xxxxxx shall be entitled to participate in Xxxxxx Group's 401(k) and deferred compensation plans, subject to the terms and conditions of such plans. Xxxxxx Group also shall provide medical, disability and life insurance coverage to Hamann on the terms and conditions of each of the plans Xxxxxx Group maintains. Xxxxxx Group will purchase term insurance covering Hamann, payable to Hamann's designated beneficiaries (or to his estate) in the case of death while in the employment of Xxxxxx Group. Such term insurance will have a face value of $1 million, and Xxxxxx Group will pay the annual premiums so long as Hamann is employed by Xxxxxx Group.

Related to Insurance; Benefit Plan Participation

  • Participation in Benefit Plans During the Term hereof, Executive shall be entitled to participate in any group insurance, hospitalization, medical, dental, health, accident, disability, or similar plan or program of the Company now existing or established hereafter to the extent that he is eligible under the general provisions thereof. The Company may, in its sole discretion and from time to time, amend, eliminate, or establish additional benefit programs as it deems appropriate. Executive shall also participate in all standard fringe benefits offered by the Company to its salaried executives.

  • Participation in Employee Benefit Plans The Executive shall be permitted during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, or any pension plan or similar benefit plan of the Company, which is available generally to other senior executives of the Company.

  • Participation in Retirement and Employee Benefit Plans The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.

  • Executive Benefit Plans The Executive will be eligible to participate in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • ERISA; Benefit Plans Section 4.26(d) of the Disclosure Statement accurately (i) lists each ERISA Pension Benefit Plan (A)(1) the funding requirements of which (under Section 301 of ERISA or Section 412 of the Code) are, or at any time during the six-year period ending on the date hereof were, in whole or in part, the responsibility of the Seller or any Seller Subsidiary or (2) respecting which the Seller or any Seller Subsidiary is, or at any time during that period was, a "contributing sponsor" or an "employer" as defined in Sections 4001(a)(13) and 3(5), respectively, of ERISA (each plan described in this clause (A) being a "Seller ERISA Pension Plan"), (B) each other ERISA Pension Benefit Plan respecting which an ERISA Affiliate is, or at any time during that period was, such a "contributing sponsor" or "employer" (each plan described in this clause (B) being an "ERISA Affiliate Pension Plan") and (C) each other ERISA Employee Benefit Plan that is being, or at any time during that period was, sponsored, maintained or contributed to by the Seller or any Seller Subsidiary (each plan described in this clause (C) and each Seller ERISA Pension Plan being a "Seller ERISA Benefit Plan"), (ii) states the termination date of each Seller ERISA Benefit Plan and ERISA Affiliate Pension Plan that has been terminated and (iii) identifies for each ERISA Affiliate Pension Plan the relevant ERISA Affiliates. The Seller has provided Apple with (i) true, complete and correct copies of (A) each Seller ERISA Benefit Plan and ERISA Affiliate Pension Plan, (B) each trust agreement related thereto and (C) all amendments to those plans and trust agreements. Except as accurately set forth in Section 4.26(d) of the Disclosure Statement, (i) neither the Seller nor any Seller Subsidiary is, or at any time during the six-year period ended on the date hereof was, a member of any ERISA Group that currently includes, or included when the Seller or a Seller Subsidiary was a member, among its members any Person other than the Seller and the Seller Subsidiaries and (ii) no Person is an ERISA Affiliate of the Seller or any Seller Subsidiary (other than the Seller or any Seller Subsidiary in the case of any other Seller Subsidiary or any Seller Subsidiary in the case of the Seller, if the Seller and the Seller Subsidiaries comprise an ERISA Group).

  • Welfare Benefit Plans During the Employment Period, the Executive and/or the Executive's family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without limitation, medical, prescription, dental, disability, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies and programs in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

  • Pension Benefit Plans All Pension Benefit Plans maintained by each Covered Person or an ERISA Affiliate of such Covered Person qualify under Section 401 of the Code and are in compliance with the provisions of ERISA to the extent ERISA is applicable and all other Material Laws. Except with respect to events or occurrences which do not have and are not reasonably likely to have a Material Adverse Effect on any Covered Person, and to the extent ERISA is applicable to any such Pension Benefit Plans:

  • Employee Benefit Plans and Compensation (a) For purposes of this Section 2.22, the following terms shall have the meanings set forth below:

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