Common use of Participation in Plans Clause in Contracts

Participation in Plans. The Executive shall participate in the various benefit plans maintained in force by AESC, from time to time, in a manner and to an extent no less favorable than is available to peer executives of AESC, to the extent that the Executive meets the eligibility criteria of such plans. Such plans may include any qualified and nonqualified pension, supplemental pension, disability, medical, group life insurance, supplemental life insurance coverage, business travel insurance, sick leave, and other similar retirement and welfare benefit plans, programs and arrangements.