Common use of Officer Benefits Clause in Contracts

Officer Benefits. In lieu of the medical benefits available to the Company’s officers, including without limitation under the Company’s Executive Medical Plan, you will be entitled to a lump sum payment of $16,000.00.

Appears in 8 contracts

Sources: Change in Control Severance Agreement (Versar Inc), Severance Agreement (Versar Inc), Severance Agreement (Versar Inc)

Officer Benefits. In lieu of the medical and tax accounting benefits available to the Company’s officers, including without limitation under the Company’s Executive Medical Plan, you will be entitled to a lump sum payment of $16,000.00.

Appears in 6 contracts

Sources: Severance Agreement (Versar Inc), Severance Agreement (Versar Inc), Severance Agreement (Versar Inc)

Officer Benefits. In lieu of the medical and tax accounting benefits available to the Company’s officers, including without limitation under the Company’s Executive Medical PlanVersar Officers, you will be entitled to a lump sum payment of $16,000.00.

Appears in 1 contract

Sources: Employment Agreement (Versar Inc)