Common use of Participation in Retirement and Employee Benefit Plans Clause in Contracts

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. 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. Provided, however, that nothing herein shall be construed as requiring the Company to adopt, maintain and/or continue any such benefit plan.