Common use of Other Executive Benefits Clause in Contracts

Other Executive Benefits. (a) The Executive shall, during the employment term, be eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and major medical and other employee benefit plans of the Company in effect from time to time, to the extent that he is eligible under and complies with the terms of those plans, but the allocation of benefits under any plan that provides that allocations thereunder shall be in the discretion of the board shall be as determined from time to time solely by the board in its discretion. (b) The Executive shall also participate in the Company's paid vacation plan but in no event shall Executive's annual entitlement be less than 4 weeks. Vacation not used by the end of a year shall be forfeited and shall not be eligible to be carried over to another year or eligible for reimbursement except as otherwise provided by Company policies.

Other Executive Benefits. (a) The Executive shall, during the employment term, be eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and major medical and other employee benefit plans of the Company in effect from time to time, to the extent that he is eligible under and complies with the terms of those plans, but the allocation of benefits under any plan that provides that allocations thereunder shall be in the discretion of the board shall be as determined from time to time solely by the board in its discretion.. 4 (b) The Executive shall also participate in the Company's paid vacation plan but in no event shall Executive's annual entitlement be less than 4 weeks. Vacation not used by the end of a year shall be forfeited and shall not be eligible to be carried over to another year or eligible for reimbursement except as otherwise provided by Company policies.

Other Executive Benefits. (a) The Executive shall, during the employment term, be eligible to participate in such pension401(k), profit sharing, bonus, life insurance, hospitalization and major medical and other employee benefit plans of the Company in effect from time to time, to the extent that he is eligible under and complies with the terms of those plans, but the allocation of benefits under any plan that provides that allocations thereunder shall be in the discretion of the board shall be as determined from time to time solely by the board in its discretion. (b) The Executive shall also participate in the Company's paid vacation plan but in no event shall Executive's annual entitlement be less than 4 weeks. Vacation not used by the end of a year shall be forfeited and shall not be eligible to be carried over to another year or eligible for reimbursement except as otherwise provided by Company policies.