Common use of Pension and Profit Sharing Plans Clause in Contracts

Pension and Profit Sharing Plans. During the Term of this Agreement, the Executive shall be entitled to participate, at the Company's expense, in all pension, profit sharing and retirement plans now existing or hereafter established by the Company for employees of the Company (to the extent permitted by the terms of each such plan); provided, that such plans will remain in effect only for so long as the Board of Directors deems it to be in the best interest of the Company to do so. As of the Commencement Date, the Company's only plan is a 401(k) plan.

Pension and Profit Sharing Plans. During the Term of this Agreement, the Executive shall be entitled to participate, at the Company's expense, in all pension, profit sharing and retirement plans now existing or hereafter established by the Company for employees of the Company senior executives (to the extent permitted by the terms of each such plan); provided, that such plans will remain in effect only for so long as the Board of Directors deems it to be in the best interest of the Company to do so. As of the Commencement Date, the Company's only plan is a 401(k) plan.

Pension and Profit Sharing Plans. During the Term of this Agreement, the Executive shall be entitled to participate, at the Company's expense, in all pension, profit sharing and retirement plans now existing or hereafter established by the Company for employees of the Company senior executives (to the extent permitted by the terms of each such plan); provided, that such plans will remain in effect only for so long as the Board of Directors deems it to be in the best interest of the Company to do so. As of the Commencement Date, the Company's only plan is a 401(k) plan.