Common use of Other Company Benefits Clause in Contracts

Other Company Benefits. Executive and, to the extent applicable, Executive’s spouse, dependents and beneficiaries, shall be allowed to participate in the health and welfare plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to the other executive officers of Company. Such plans and programs include, without limitation, health insurance, life insurance and disability insurance and vacation and sick leave plans, which may be maintained by Company. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or program, so long as such changes are similarly applicable to the other executive officers of Company.

Appears in 5 contracts

Samples: Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc)

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Other Company Benefits. Executive and, to the extent applicable, Executive’s 's spouse, dependents and beneficiaries, shall be allowed to participate in the health and welfare all benefits, plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to the other executive officers employees of Company. Such benefits, plans and programs may include, without limitation, pension benefit plans, health insurance or health care plan, disability insurance, life insurance and disability insurance and supplemental retirement plans, vacation and sick leave plansbenefits, which may be maintained by Companyand the like. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program, so long as such changes are similarly applicable to the other executive officers of Companyemployees generally.

Appears in 4 contracts

Samples: Employment Agreement (Southwest Bancorp of Texas Inc), Employment Agreement (Sterling Bancshares Inc), Employment Agreement (Southwest Bancorp of Texas Inc)

Other Company Benefits. Executive and, to the extent applicable, Executive’s 's spouse, dependents and beneficiaries, shall be allowed to participate in the health and welfare all benefits, plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to the other executive officers of Companysimilarly-situated Company employees. Such benefits, plans and programs may include, without limitation, health insurance or health care plan, life insurance, life insurance and disability insurance and insurance, vacation and sick leave plansbenefits, which may be maintained by Companyand the like. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program, so long as such changes are similarly applicable to the other executive officers of Companyemployees generally.

Appears in 1 contract

Samples: Employment Agreement (Marine Drilling Companies Inc)

Other Company Benefits. Executive and, to the extent applicable, Executive’s spouse, dependents and beneficiaries, shall be allowed to participate in the health and welfare plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to the other executive officers of Company. Such plans and programs include, without limitation, health insurance, life insurance and disability insurance and vacation and sick leave plans, which may be maintained by Company. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or program, so long as such changes are similarly applicable to the other executive officers of Company. On and after the effective date of a Partial Resignation, Executive shall, to the extent Executive is eligible under the terms of the applicable plan agreements, continue to participate in such plans and programs as if no Partial Resignation took place.

Appears in 1 contract

Samples: Employment Agreement (W-H Energy Services Inc)

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Other Company Benefits. Executive and, to the extent applicable, Executive’s spouse, and his dependents and beneficiaries, shall be allowed to participate in the health and welfare all benefits, plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, generally available to the other executive officers employees of Company. Such benefits, plans and programs may include, without limitation, profit sharing plan, thrift plan, health insurance or health care plan, life insurance, life insurance and disability insurance and vacation and insurance, pension plan, supplemental retirement plans, sick leave plansbenefits, which may be maintained by Companyand the like. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program, so long as such changes are similarly applicable to the other executive officers of Companyemployees generally.

Appears in 1 contract

Samples: Employment Agreement (Seven Seas Petroleum Inc)

Other Company Benefits. Executive and, to the extent applicable, Executive’s spouse, dependents and beneficiaries, shall be allowed to participate in the health and welfare all benefits, plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to the other executive officers employees of Company. Such benefits, plans and programs may include, without limitation, pension benefit plans, health insurance or health care plan, disability insurance, life insurance and disability insurance and supplemental retirement plans, vacation and sick leave plansbenefits, which may be maintained by Companyand the like. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program, so long as such changes are similarly applicable to the other executive officers employees of CompanyCompany generally.

Appears in 1 contract

Samples: Employment Agreement (Southwest Bancorp of Texas Inc)

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