Participation in Employee Benefits Plans. (a) Executive shall be entitled to participate in the employee benefit plans of the Employer generally available to other senior executives, including any health, disability or group life insurance plans or any retirement or non-qualified deferred compensation plans of the Employer, subject to the eligibility requirements of such plans.
(b) Executive will be entitled to four weeks paid vacation per calendar year to be taken in accordance with the applicable vacation policy of the Employer. Any unused portion of available vacation days per annum will not carry over to the following year and Executive will not receive any compensation for such unused vacation prior to and/or upon the Termination Date (as defined below).
Participation in Employee Benefits Plans. (a) Executive will be eligible to participate in all retirement and welfare benefit plans of the Company generally available to its senior executives, as they may be in effect from time to time. Notwithstanding anything to the contrary in this Agreement, Executive will not be entitled to receive benefits under any severance plan, program or arrangement of the Company that may be available to other employees from time to time, the rights hereunder being in lieu of any such benefits applicable to such employees of the Company.
(b) Notwithstanding anything to the contrary in this Agreement, the Company in its sole discretion reserves the right to change or terminate all practices, programs and benefits (including employee benefit plans and programs), provided that any such changes or terminations are made generally with respect to all employees or senior executives who are similarly situated to Executive and do not discriminate against Executive alone. No change or termination described in the preceding sentence will be deemed to be a breach of this Agreement.
Participation in Employee Benefits Plans. (a) Executive is eligible to participate in the employee benefit plans of the Company generally available to other senior executives (including the Company’s 401(k), medical and dental plans).
(b) Executive is entitled to weeks paid vacation per calendar year. Any unused portion of available vacation days per annum will not carry over to the following year and Executive will not receive any compensation for such unused vacation prior to and/or upon the Termination Date (as defined below).
Participation in Employee Benefits Plans. During the Term, the Employee is entitled to participate in the health, hospitalization, major medical, dental, life and long term disability insurance coverage generally consistent with that provided by the Company to other senior executives of the Xxxxx Xxxxxxxx Group pursuant to the terms of such benefits and plans as they are in effect from time to time. For such coverage during the Term, the Company will pay on Employee’s behalf one hundred percent (100%) of the health, dental, life and long term disability insurance premiums for Employee and his dependents; and to the extent the Company does not pay those amounts for other full-time employees of the Xxxxx Xxxxxxxx Group, the Company will report those payments as taxable income on Employee’s IRS Form W-2. For purposes of this Agreement, “dependents” is defined as the Employee’s spouse and his children who are properly claimed as and recognized by the Internal Revenue Service as dependents on the Federal Income Tax filings of Employee. If and when the Company develops plans, benefits or programs in addition to the health, dental, life and long term disability insurance described above, Employee shall be entitled to participate therein on the same basis as other full-time employees of the Xxxxx Xxxxxxxx Group. In addition, Employee shall be entitled to participate in any 401(k) plan and any employee savings plan on the same basis as offered to other full-time employees of the Xxxxx Xxxxxxxx Group.
Participation in Employee Benefits Plans. Executive shall be eligible to participate in all retirement, welfare, health and other benefit plans or programs currently offered by Employer to other executive officers or which may be later offered to other executive officers.
Participation in Employee Benefits Plans. The Executive and his spouse and eligible dependents, if any, and their respective designated beneficiaries where applicable, will be eligible for and entitled to participate in other benefits maintained by the Company for its senior executive officers, as such benefits may be modified from time to time and for all such employees, such as, without limitation, its medical, dental, pension, 401(k), accident, disability, and life insurance benefits, on a basis not less favorable than that applicable to other executives of the Company. The Executive will also be entitled to appropriate office space, administrative support, E.G., secretarial assistance, and such other facilities and services as are suitable to the Executive's positions and adequate for the performance of the Executive's duties.
Participation in Employee Benefits Plans. (a) Executive will be eligible to participate in the plans of the Company generally available to other senior executives relating to pension, cash or deferred arrangements under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”), life insurance, disability, medical coverage, education or other retirement or employee benefits that the Company has or may adopt for the benefit of its employees, as they may be in effect from time to time. Notwithstanding the foregoing, Executive will not be entitled to receive benefits under any severance plan, program or arrangement of the Company, including, but not limited to, the Bear Creek Corporation Severance Pay Plan since such severance benefits are provided for in this Agreement.
(b) Executive will accrue paid vacation benefits during the Employment Period in accordance with the Company’s paid time off practices for salaried employees.
(c) For purposes of the Company’s Excess Pension Plan, Executive will be entitled to elect a lump sum distribution of his benefit thereunder, calculated under the formula in such plan as of the Effective Date, anything in such plan to the contrary notwithstanding.
Participation in Employee Benefits Plans. (a) Executive and his family will be eligible to participate in the plans of the Company generally available to other senior executives relating to pension, cash or deferred arrangements under Section 401(k) of the Code, life insurance, disability, medical coverage, education or other retirement or employee benefits that the Company has or may adopt for the benefit of its employees, as they may be in effect from time to time. Notwithstanding the foregoing, Executive will not be entitled to receive benefits under any severance plan, program or arrangement of the Company, including, but not limited to, the Bear Creek Corporation Severance Pay Plan since such severance benefits are provided for in this Agreement.
(b) Executive will accrue paid vacation benefits during the Employment Period in accordance with the Company’s paid time off practices for salaried employees.
Participation in Employee Benefits Plans. (a) Executive will become eligible to participate in the plans of the Company generally available to other employees including participation in the Company’s 401(k) program on the first of the month following 30 days of employment. Executive will be provided access to the Company’s medical and dental plan and fully subsidized for participation in the HMO Family Plan. The following is an overview of the Company’s current employee benefits:
Participation in Employee Benefits Plans. Executive shall be permitted during the Employment Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, pension, profit sharing or similar benefit plan of Company which is from time to time available to the senior executives of Company substantially on the same terms as apply to such other senior executives of Company. During the Employment Term,
