PENSION AND INSURANCE BENEFITS. 6.1 During his employment hereunder, the Executive shall be a member of the pension scheme established by the Board (the “Scheme”). The Executive’s membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time. The employee contribution to the Scheme will be 3% of base salary and the employer contribution will be equivalent to 16% of base salary (from time to time).
6.2 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
6.3 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and life insurance (subject to the relevant insurers’ terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates, to cease to provide any or all of the insurances.
PENSION AND INSURANCE BENEFITS. 6.1 During his employment hereunder, the Executive shall continue to be a member of the pension scheme established by the Board (the “Scheme”). The Executive’s membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time.
6.2 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
6.3 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and life insurance (subject to the relevant insurers’ terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates due to market conditions to cease to provide any or all of the insurances unless in either case the Executive or a member of his family is at that time suffering from a medical condition which would entitle them to benefits under the policy in question in which case the existing policy is to be maintained in force by the Company or an alternative policy provided which would provide the same benefit in relation to the medical condition in question.
PENSION AND INSURANCE BENEFITS. 24.01 Pension Plan
PENSION AND INSURANCE BENEFITS. 8.1 The Executive shall be entitled to be a member of the Company Pension Scheme and the additional Directors’ Pension Scheme (the “Schemes”), particulars of which may be obtained from the Company Secretary. The Executive’s membership of the Schemes shall be subject to the provisions of the Schemes as amended from time to time (including without limitation the Schemes’ powers of amendment and termination). In the event that the Company terminates the Schemes, the Company will (with effect from the date of such termination) contribute for the benefit of the Executive, during each calendar year of the employment of the Executive, a sum equivalent to the annual contribution it was making to the Schemes for the benefit of the Executive at the applicable time, by means of equal monthly instalments, to a personal pension plan established and nominated by the Executive, subject to Inland Revenue limits and the rules of the applicable personal pension plan from time to time. The Executives acknowledges and agrees that this alternative pensions arrangement will not constitute a material reduction in his employee benefits for the purposes of this Agreement. In the event that the Schemes are terminated, a contracting out certificate would cease to be in force in relation to the employment of the Executive.
8.2 The Company shall provide the Executive with medical insurance on the London scale for himself, his spouse and any dependent children under the age of 18, permanent health insurance and life assurance worth four times the Executive’s basic salary, particulars of which may be obtained from the Company Secretary.
8.3 Participation in any such insurance scheme is:
(a) subject to its terms and conditions from time to time in force (which may be varied without notice) and without prejudice to the Company’s right to withdraw the provision of, or change the provider of such benefits in its absolute discretion, provided that the Company will provide a benefit of substantial equivalence to such benefit in each case;
(b) conditional on the Executive satisfying any applicable requirements of the insurers;
(c) on the basis that the Company can give no assurance that any claim made will be accepted by the insurers of such scheme;
(d) on the basis that the Company shall not be required to take any steps to obtain the benefit of such scheme should the insurer either reject any claim and/or discontinue the payment of benefits at any time;
(e) on the basis that the Company shal...
PENSION AND INSURANCE BENEFITS. 7.1 During his employment hereunder, the Executive shall continue to be a member of the UK pension scheme established by the Aspen Insurance UK Services (the "Scheme") and the Company shall make contributions into the Scheme (or procure that they are made) of such amount as determined by the Scheme rules but based on a notional salary of (pound)180,000 per annum. The Executive's membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time.
7.2 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company's senior level executives or to its employees generally, as such plans or programs may be in effect from time to time. This will include being given corporate club membership of Xxxxxx'x Point.
7.3 During his employment hereunder, the Executive will be eligible for 2 Business Class return airfares per annum from Bermuda to the UK for himself, spouse and dependent children. The Executive will also be eligible for reimbursement of reasonable expenses if he is required to move location to take up employment with a Group Company.
7.4 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and life insurance (subject to the relevant insurers' terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates to cease to provide any or all of the insurances.
PENSION AND INSURANCE BENEFITS. 5.1 The Company has no Pension Scheme applicable to the Executive's employment but the Company will make contributions on a monthly basis to a Pension Scheme nominated by the Executive at a rate of 5% of the Executive's monthly basic salary.
5.2 The Company will bear the costs of the Executive being a member of a reputable permanent health insurance scheme for himself, his spouse and dependant children and a reputable private medical expenses insurance scheme subject always to the rules of such scheme.
5.3 The Company will bear the costs of comprehensive business travel insurance for the Executive in respect of travel undertaken by the Executive in the performance of his duties under this Agreement.
PENSION AND INSURANCE BENEFITS. 6.1 During his employment hereunder, the Executive shall be a member of the pension scheme established by the Board (the “Scheme”). The Executive’s membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time.
6.2 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
6.3 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and
7816061.2 life insurance (subject to the relevant insurers’ terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates, to cease to provide any or all of the insurances.
PENSION AND INSURANCE BENEFITS. 7.1 During his employment hereunder, the Executive shall continue to be a member of the pension scheme established by the Board (the "Scheme"). The Executive's membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time.
7.2 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company's senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
7.3 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and life insurance (subject to the relevant insurers' terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates to cease to provide any or all of the insurances.
PENSION AND INSURANCE BENEFITS. 6.1 During his employment hereunder, the Executive shall continue to be a member of the pension scheme established by the Board (the "Scheme"). The Executive's membership in the Scheme shall be subject to the provisions thereof as may be amended from time to time.
6.2 The Executive accepts and agrees that he will transfer into the local Singapore pension scheme at the earliest opportunity and the Executive shall sign such documents and carry out such acts as may be required for the transfer.
6.3 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company's senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
6.4 During his employment hereunder, the Company shall provide the Executive with medical insurance, permanent health insurance, personal accident insurance and life insurance (subject to the relevant insurers' terms and conditions). The Board shall have the right to change the arrangements for the provision of such benefits as it sees fit or, if in the reasonable opinion of the Board, the Company is unable to secure any such insurance under the rules of any applicable scheme or otherwise at reasonable rates due to market conditions to cease to provide any or all of the insurances unless in either case the Executive or a member of his family is at that time suffering from a medical condition which would entitle them to benefits under the policy in question in which case the existing policy is to be maintained in force by the Company or an alternative policy provided which would provide the same benefit in relation to the medical condition in question.
PENSION AND INSURANCE BENEFITS. 7.1 During his employment hereunder, the Executive shall be entitled to participate in all employee benefit and perquisite plans and programs made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time.
7.2 The Executive will be eligible for reimbursement of reasonable expenses incurred in connection with his relocation from Bermuda to the UK. Such relocation expenses will include the costs of Business Class airfares for the Executive and his spouse, together with the costs of transportation of the Executive and his spouse’s personal effects. For the avoidance of doubt all tax payable on these costs shall be borne by the Company.
7.3 During his employment hereunder, the Company shall (subject to the relevant insurers’ terms and conditions) provide the Executive with:
7.3.1 medical insurance;
7.3.2 permanent health insurance;
7.3.3 personal accident insurance; and
