Common use of Participation in Retirement, Medical and Other Plans Clause in Contracts

Participation in Retirement, Medical and Other Plans. (a) The Employee shall be eligible to participate in any of the following plans or programs that the Bank may now or in the future maintain: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified or nonqualified plans provided by the Bank, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. (b) The Employee shall also be eligible to participate in any fringe benefits which are or may become available to the Bank's senior management employees, including for example: any stock option or incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Employee shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Bank.

Appears in 14 contracts

Samples: Restated Employment Agreement (Tri County Financial Corp /Md/), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Ez Bancorp Inc)

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Participation in Retirement, Medical and Other Plans. (a) The Employee shall be eligible to participate in any of the following plans or programs that the Bank Association may now or in the future maintain: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified or nonqualified plans provided by the BankAssociation, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. (b) The Employee shall also be eligible to participate in any fringe benefits which are or may become available to the BankAssociation's senior management employees, including for example: any stock option or incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Employee shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the BankAssociation.

Appears in 6 contracts

Samples: Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (High Country Bancorp Inc)

Participation in Retirement, Medical and Other Plans. (a) The During the term of this Agreement, the Employee shall be eligible to participate in any of the following plans or programs that the Bank may now or in the future maintainbenefit plans: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified or nonqualified plans provided by the Bank, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective DateDate and the Company. (b) The Employee shall also be eligible to participate in any fringe benefits which are or may become available to the Bank's and the Company's senior management employees, including for example: any stock option or incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Employee shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Bank.Bank and the Company. Additionally, the Employee shall be entitled to:

Appears in 3 contracts

Samples: Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp), Employment Agreement (Norwood Financial Corp)

Participation in Retirement, Medical and Other Plans. (a) The Employee shall be eligible to participate in any of the following plans or programs that the Bank Association may now or in the future maintain: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified or nonqualified plans provided by the BankAssociation, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. (b) The Employee shall also be eligible to participate in any fringe benefits which are or may become available to the BankAssociation's senior management employees, including for example: any stock option or incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Employee shall be reimbursed for all reasonable out-of-pocket business expenses which he she shall incur in connection with his her services under this Agreement upon substantiation of such expenses in accordance with the policies of the BankAssociation.

Appears in 2 contracts

Samples: Employment Agreement (United Tennessee Bankshares Inc), Employment Agreement (United Tennessee Bankshares Inc)

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Participation in Retirement, Medical and Other Plans. (a) The Employee During the term of this Agreement, the Executive shall be eligible to participate in any the employee benefit plans generally applicable to employees of the following plans or programs that the Bank may now or in the future maintainBank, including: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future tax-qualified or nonqualified and non-tax-qualified plans provided sponsored by the Bank, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. (b) The Employee shall also Within the sole discretion of the Compensation Committee of the Board of Directors of the Company, the Executive may be eligible to participate in any other compensation and fringe benefits which are or may become available to the Bank's ’s and the Company’s senior management employees, including for example: any stock option or option, restricted stock and incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee Executive under this Agreement. The Employee Executive shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Bank.Bank and the Company. Additionally, the Executive shall be entitled to:

Appears in 1 contract

Samples: Employment Agreement (Norwood Financial Corp)

Participation in Retirement, Medical and Other Plans. (a) The Employee shall be eligible to participate in any of the following plans or programs that the Bank may now or in the future maintain: group hospitalization, disability, health, dental, sick leave, life insurance, travel and/or accident insurance, auto allowance/auto lease, retirement, pension, and/or other present or future qualified or nonqualified plans provided by the Bank, generally which benefits, taken as a whole, must be at least as favorable as those in effect on the Effective Date. (b) The Employee shall also be eligible to participate in any fringe benefits which are or may become available to the Bank's senior management employees, including for example: any stock option or incentive compensation plans, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Employee shall be reimbursed for all reasonable out-of-pocket business expenses which he she shall incur in connection with his her services under this Agreement upon substantiation of such expenses in accordance with the policies of the Bank.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bancshares Inc)

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