Common use of Participation in Employee Benefit Plans Clause in Contracts

Participation in Employee Benefit Plans. The Company agrees to permit the Executive during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, pension plan, similar benefit plan or other so-called "fringe benefits" of the Company (collectively, "Benefits") which may be available to other senior executives of the Company on terms no less favorable to the Executive than the terms offered to such other executives. The Company agrees to use its best efforts to obtain immediate coverage for the Executive upon the commencement of the Term under its existing or newly adopted medical expense and hospitalization plan for employees without premium surcharge and without exclusions for disclosed preexisting conditions. The Executive shall cooperate with the Company in applying for such coverage, including submitting to a physical exam and providing all relevant health and personal data.

Appears in 8 contracts

Samples: Employment Agreement (Di Industries Inc), Employment Agreement (Grey Wolf Inc), Employment Agreement (Di Industries Inc)

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Participation in Employee Benefit Plans. The Company agrees to permit the Executive during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, pension plan, similar benefit plan or other so-called "fringe benefits" of the Company (collectively, "Benefits") which may be available to other senior executives of the Company on terms no less favorable to the Executive than the terms offered to such other executives. The Company agrees to use its best efforts to obtain immediate coverage for the Executive upon the commencement of the Term under its existing or newly adopted medical expense and hospitalization plan for employees without premium surcharge and without exclusions for disclosed preexisting conditions. The Executive shall cooperate with the Company in applying for such coverage, including submitting to a physical exam and providing all relevant health and personal data.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Eagle Geophyical Inc), Employment Agreement (Eagle Geophyical Inc)

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Participation in Employee Benefit Plans. The Company agrees to permit the Executive during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, pension plan, vacation or similar benefit plan plans or other so-called "fringe benefits" of provided by the Company (collectively, "Benefits") which may be available to other senior executives of the Company on terms no less favorable to the Executive than the terms offered to such other executives. The Company agrees to use its best reasonable efforts to obtain immediate coverage for the Executive upon the commencement of the Term under its any such existing or newly adopted medical expense and hospitalization plan for employees without premium surcharge and without exclusions for disclosed preexisting conditions. The Executive shall cooperate with the Company in applying for such coverage, including submitting to a physical exam and providing all relevant health and personal data.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pool Energy Services Co)

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