Common use of Participation in Benefits Clause in Contracts

Participation in Benefits. Employee shall be entitled to all Benefits on the Effective Date for as long as such Benefits may remain in effect or any substitute or additional Benefits are made available in the future to similarly situated employees of the Company, subject to and on a basis consistent with the terms, conditions and overall administration of such Benefits. Except as provided in Section 4.4, Benefits paid to Employee shall not be deemed to be in lieu of other Compensation to Employee hereunder as described in this Section 3.

Appears in 5 contracts

Samples: Key Employees Employment Agreement (Rako Capital Corp), Key Employees Employment Agreement (Rako Capital Corp), Key Employees Employment Agreement (Rako Capital Corp)

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