Common use of Other Retirement Benefits Clause in Contracts

Other Retirement Benefits. In the event that the Executive's employment terminates for any reason other than death pursuant to Section 7.2 or incapacity pursuant to Section 7.3, then for the period from the Termination Date until the 5th anniversary after the Termination Date, the Company shall: (a) reimburse Executive for the reasonable costs of leasing and operating an office at a location selected by Executive that is outside of the Company's office, including without limitation, the cost of a full-time assistant, and (b) provide Executive with up to 200 hours per year of corporate jet usage consistent with the Company's Aircraft Travel Policy, "Authorization and Limitation on Officer Travel", as in effect on May 31, 2001, or, in the event that the Company does not own or control an aircraft of the type specified in such policy, or, at the Company's option, the Company may provide the Executive a quarter share of the same aircraft type specified in such policy under a five year, executive jet party share program. In the event the Company provides Executive with use of its corporate jet, the corporate jet shall be available for use by the Executive given seventy-two hours advance notice by Executive to the Company of his intent to use the aircraft. If and to the extent that the Company is required to withhold any amounts for taxes with regard to the foregoing, then the provision of the foregoing benefits shall be conditioned upon the Company and the Executive's making appropriate arrangements to ensure that those withholding requirements are satisfied.

Other Retirement Benefits. In the event that the Executive's employment terminates for any reason other than death pursuant to Section 7.2 or incapacity pursuant to Section 7.3, then for the period from the Termination Date until the 5th anniversary after the Termination Date, the Company shall: (a) reimburse Executive for the reasonable costs of leasing and operating an office at a location selected by Executive that is outside of the Company's office, including without limitation, the cost of a full-time assistant, and (b) provide Executive with up to 200 150 hours per year of corporate jet usage consistent with the Company's Aircraft Travel Policy, "Authorization and Limitation on Officer Travel", as in effect on May 31, 2001, or, in the event that the Company does not own or control an aircraft of the type specified in such policy, or, at the Company's option, the Company may provide the Executive a quarter share of the same aircraft type specified in such policy under a five year, executive jet party share program. In the event the Company provides Executive with use of its corporate jet, the corporate jet shall be available for use by the Executive given seventy-two hours advance notice by Executive to the Company of his intent to use the aircraft. If and to the extent that the Company is required to withhold any amounts for taxes with regard to the foregoing, then the provision of the foregoing benefits shall be conditioned upon the Company and the Executive's making appropriate arrangements to ensure that those withholding requirements are satisfied.