Common use of PENSION AND INSURANCE BENEFITS Clause in Contracts

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 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. The employee contribution to the Scheme current scheme will be 3% of base salary and the employer contribution will be equivalent to 1614% of base salary (from time to time)salary. 6.2 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. 6.3 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, rates to cease to provide any or all of the insurances.