Participation in Retirement and Employee Benefit Plans. The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.
Participation in Retirement and Employee Benefit Plans. The Employee shall be entitled while employed hereunder to participate in, and receive benefits under, all plans relating to stock options, stock purchases, pension, thrift, profit-sharing, group life insurance, medical coverage, education, cash or stock bonuses, and other retirement or employee benefits or combinations thereof, that are now or hereafter maintained for the benefit of the Bank’s executive employees or for its employees generally.
Participation in Retirement and Employee Benefit Plans. Fringe -------------------------------------------------------------- Benefits. The Officer shall be entitled to participate in any plan relating to -------- deferred compensation, stock awards, stock options, stock purchases, pension, thrift, profit sharing, group life insurance, medical coverage, disability coverage, education, or other retirement or employee benefits that the Savings Bank or the Holding Company have adopted, or may, from time to time adopt, for benefit of their executive employees and for employees generally, subject to the eligibility rules of such plans. The Officer shall also be entitled to participate in any other fringe benefits which are now or may be or become applicable to the Officer or the Savings Bank's other executive employees, including the payment of reasonable expenses for attending annual and periodic meetings of trade associations, and any other benefits which are commensurate with the duties and responsibilities to be performed by the Officer under this Agreement. Additionally, the Officer shall be entitled to such vacation and sick leave as shall be established under uniform employee policies promulgated by the Directors. The Savings Bank shall reimburse the Officer for all out-of-pocket reasonable and necessary business expenses which the Officer may incur in connection with his services on behalf of the Savings Bank. The Savings Bank also agrees to provide the Officer with one automobile of an appropriate class and quality owned or leased by the Savings Bank for use in connection with the Officer's duties hereunder.
Participation in Retirement and Employee Benefit Plans. Fringe --------------------------------------------------------------
Participation in Retirement and Employee Benefit Plans. During the Term, the Employee shall be entitled to participate in the Corporation's 1991 Stock Option Plan, annual incentive compensation plan, the Oxford Specialty Holdings, Inc. 1996 Equity Incentive Compensation Plan and any other plan of the Corporation or its subsidiaries relating to stock options, stock appreciation, stock purchases, pension, thrift, deferred compensation, profit sharing, group life insurance, medical coverage, education or other retirement or employee benefits that the Corporation may adopt for the benefit of its executive employees.
Participation in Retirement and Employee Benefit Plans. The Employee shall be entitled while employed hereunder to participate in and receive benefits under all plans relating to stock options, stock purchases, pension, thrift, profit sharing, group life insurance, medical coverage, education, cash or stock bonuses, and other retirement or employee benefits or combinations thereof that are now or hereafter maintained for the benefit of the executive employees of the Company or for the Company's employees generally, provided, however, that nothing herein shall be construed as requiring the Company to adopt, maintain and/or continue any such benefit plan.
Participation in Retirement and Employee Benefit Plans. Fringe -------------------------------------------------------------- Benefits. The Officer shall be entitled to participate in any plan relating to -------- deferred compensation, stock awards, stock options, stock purchases, pension, thrift, profit sharing, life insurance, medical and dental coverage, disability coverage, education, or other retirement or employee benefits that the Savings Bank or the Holding Company have adopted, or may, from time to time adopt, for his benefit or for the benefit of their executive employees and for employees generally, subject to the eligibility rules of such plans. The Officer shall also be entitled to participate in any other fringe benefits which are now or may be or become applicable to the Officer or the Savings Bank's other executive employees. The Savings Bank shall pay all reasonable expenses incurred by the Officer (including expenses of Officer's spouse) in attending meetings of the North Carolina Bankers Association and Americas Community Bankers and their successor organizations and other meetings in accordance with prior practice of the Savings Bank. In addition, the Officer shall be entitled to participate in any other benefits which are commensurate with the duties and responsibilities to be performed by the Officer under this Agreement. Additionally, the Officer shall be entitled to such vacation and sick leave as shall be established under uniform employee policies promulgated by the Directors. The Savings Bank shall reimburse the Officer for all out-of-pocket reasonable and necessary business expenses which the Officer may incur in connection with his services on behalf of the Savings Bank. The Officer shall be furnished with an automobile of make, model and age consistent with prior practice of the Savings Bank, which automobile may be used by the Officer for business and personal purposes. The Savings Bank shall pay membership dues, assessments and other expenses associated with the Officer's membership in clubs and other organizations in accordance with prior practice of the Saving Bank.
Participation in Retirement and Employee Benefit Plans. Fringe Benefits. The Officer shall be entitled to participate in any plan relating to deferred compensation, stock awards, stock options, stock purchases, pension, thrift, profit sharing, group life insurance, medical and dental coverage, disability coverage, education, or other retirement or employee benefits that the Savings Bank or the Holding Company have adopted, or may, from time to time adopt, for benefit of their executive employees and for employees generally, subject to the eligibility rules of such plans. The Officer shall also be entitled to participate in any other fringe benefits which are now or may be or become applicable to the Officer or the Savings Bank's other executive employees, including the payment of reasonable expenses for attending annual and periodic meetings of trade associations, and any other benefits which are commensurate with the duties and responsibilities to be performed by the Officer under this Agreement. Additionally, the Officer shall be entitled to such vacation and sick leave as shall be established under uniform employee policies promulgated by the Directors. The Savings Bank shall reimburse the Officer for all out-of-pocket reasonable and necessary business expenses which the Officer may incur in connection with his services on behalf of the Savings Bank.
Participation in Retirement and Employee Benefit Plans. During the Term, the Employee shall be entitled to participate, on a basis no less favorable than any other senior executive officer of the Corporation, in benefit plans of the Corporation or its subsidiaries relating to stock options, stock appreciation, stock purchases, pension, thrift, deferred compensation, profit sharing, group life insurance, medical coverage, education or other retirement or employee benefits that the Corporation may adopt for the benefit of its executive employees.
Participation in Retirement and Employee Benefit Plans. The Employee shall be entitled to participate in any plan of the Company relating to stock options, stock purchases, pension, thrift, profit sharing, life insurance, medical coverage, education, or other retirement or employee benefits that the Company may adopt or maintain from time to time for the benefit of its executive employees. In addition, the Employee shall be entitled to participate in any other fringe benefits that become applicable to the Company's executive employees. The benefits provided under this Section 6 shall cease upon the Employee's Date of Termination (as defined below). Nothing in this Agreement shall limit the Company's ability to adopt, terminate or amend any such benefits at any time; provided however, the aggregate amount of benefits provided to the Employee shall not be decreased from the amount being provided on the date hereof.
