Pension and Welfare Benefit Plans. During the Term of Employment, the Executive shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time, including, without limitation, pension and other retirement plans, profit sharing plans, group life insurance, group health insurance, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), vacations, holidays and other employee benefit programs sponsored by the Company.
Pension and Welfare Benefit Plans. During the Term of Employment, the Executive shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time, including pension and other retirement plans, group life insurance, group health insurance, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), vacations (of at least four weeks per year), holidays and other employee benefit programs sponsored by the Company; provided, however, that such benefits shall not duplicate the benefits provided pursuant to Section 4.2.
Pension and Welfare Benefit Plans. During the Term, Executive and Executive's dependents, as the case may be, shall be eligible to participate in all pension and similar benefit plans (qualified, non-qualified and supplemental), profit sharing, 401(k), as well as all medical and dental, disability, group and executive life, accidental death and travel accident insurance, and other similar welfare benefit plans and programs of the Company, subject to the terms and conditions thereof, as in effect from time to time with respect to senior executives employed by the Company so as to reflect Executive's responsibilities.
Pension and Welfare Benefit Plans. With respect to the Employee --------------------------------- Benefit Plans and Terminated Employee Benefit Plans, each as described on Schedule 3.18:
(i) each Employee Benefit Plan is in compliance with the requirements provided by any and all statutes, orders or governmental rules or regulations currently in effect and applicable to such Employee Benefit Plans, including but not limited to ERISA and the Code, and each Employee Benefit Plan has been administered in accordance with its terms;
(ii) with respect to the Company's employee welfare benefit plans, any trust related to such ERISA Plans (which term shall have the meaning set forth in Section 3(3) of the ERISA with respect to employee benefit plans maintained or contributed to by the Company, or any of its affiliates that currently cover employees and are subject to ERISA) has been determined to be tax-exempt by the IRS pursuant to Code (S) 501(c)(9) and nothing has since occurred from the time of such determination to cause the loss of such trust's tax-exempt status. Each ERISA Plan intended to be qualified pursuant to Code (S) 401(a) and Code (S) 501(a) is qualified under Code (S) 401(a) and Code (S) 501(a) and has received a determination letter from the IRS covering the Tax Reform Act of 1986, as amended, that such ERISA Plans are so qualified and each trust established in connection with any such plan is exempt from federal income taxation and nothing (either in form or operation) has since occurred from the date of the last favorable determination letter to cause the loss of such ERISA Plans' or trusts' qualification;
(iii) all required reports and descriptions of such ERISA Plans (including without limitation the IRS Form 5500 Annual Return/Report, summary annual report and summary plan description) have been timely filed and distributed;
(iv) any notices required by ERISA or the Code or any other state or federal law or any ruling or regulation of any state or federal administrative agency with respect to such Employee Benefit Plans have been appropriately given;
(v) all required contributions for all periods ending prior to Closing (including periods from the first day of the current plan year to Closing) will be made to such Employee Benefit Plans prior to the Closing Date by the Company;
(vi) the Company does not have any action directly or indirectly that obligates the Company to institute, modify or change any Employee Benefit Plan, any change in the manner in which contributions are ...
Pension and Welfare Benefit Plans. In addition to the benefits provided for in Sections 3.3 and 3.4, during the Term of Employment, the Executive shall be entitled to participate in all employee benefit plans and programs made available to similarly situated senior management personnel of the Company generally, as such programs may be in effect from time to time, including, without limitation, pension and other retirement plans, profit sharing plans, group life insurance, group health insurance, group health supplemental insurance coverage through the Company's Exec-U-Care Medical Plan or a substitute plan, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), vacations, paid time off, holidays and other employee benefit programs as such plans and programs are exclusively described in written plan and program documents, subject to the eligibility criteria, rules, plan provisions and regulations applicable to such plans and programs and to the provisions of ERISA and the Code. Nothing contained herein shall be construed as negating or limiting the ability of the Company to amend, modify or terminate any employee benefit programs or plans, in its sole discretion. The Executive's wage income subject to income taxation will include certain imputed amounts in respect of the life insurance benefits and primary group health plan benefits provided by the Company without cost to the Executive, but the Executive will not be required to contribute to the cost of these programs except as set forth in the last sentence of this Section. The amount of imputed income in respect of these benefits will be measured by the premium contribution that otherwise would be due from the Executive under the provisions of the plan but for the Company's waiver of the Executive's contribution requirements. The Executive will be responsible for making payment through payroll deduction of premiums for group long-term disability coverage if the Executive elects to enroll for such coverage; provided, however, that in such event, the gross amount of each payroll installment received by the Executive will be increased by an amount equal to any long-term disability premium deducted from such installment.
Pension and Welfare Benefit Plans. During the Term of Employment, the Executive and his dependents where applicable shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time, including pension and other retirement plans, group life insurance, group health insurance, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), vacations (of at least four weeks per year), holidays and other employee benefit programs sponsored by the Company; provided, however, that such benefits shall not duplicate the benefits provided pursuant to Section 4.2. Employer agrees, that until such time as the Executive and his dependents where applicable are eligible to participate in the Company’s group health, executive medical, disability and life insurance-related coverage and/or benefits as described in Section 4.2, the Company shall reimburse Executive for the premium payments that the Executive is required to make to the Executive’s prior employer in order to maintain the benefits that the Executive is entitled to receive pursuant to under Section 601 through 607 of the Employee Retirement Income Security Act of 1974, as amended.
Pension and Welfare Benefit Plans. Beginning on the Effective Date, the Executive shall be entitled to participate in all employee benefit programs and plans, consistent with the terms of such programs and plans, made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time.
Pension and Welfare Benefit Plans. During the Term of Employment, the Executive shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time, including, without limitation, pension and other retirement plans, profit sharing plans, group life insurance, group health insurance, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), vacations, holidays and other employee benefit programs sponsored by the Company; provided, however, that the Executive shall not be entitled to receive any equity-based compensation (other than the equity-based compensation provided to the Executive under the terms of the LLC Agreement) without the approval of a Supermajority (as defined in the LLC Agreement) of the Board of Managers of HoldCo LLC.
Pension and Welfare Benefit Plans. The Executive shall be entitled to such rights on the Resignation Date as are provided for terminating employees on that date pursuant to the terms of the pension and welfare benefit plans of the Company and its affiliates which apply to the Executive. For purposes of the Wisconsin Gas Company Medical Premium Account Plan, the Executive's termination of employment/retirement date shall be the Resignation Date. Following the special benefits continuation period described in paragraph 3, the Executive and his spouse shall be eligible for coverage under the Company's retiree medical and dental program as in effect from time to time. In accordance with the terms of the Company's retiree medical and dental program, the Company has reserved the right to amend, modify or terminate the plan at any time. In addition, following the special benefits continuation period described in paragraph 3, the Executive will remain a Participant in the DBO Plan and the applicable Benefit Factor will be 100%.
Pension and Welfare Benefit Plans. During the Term of Employment, the Executive and his dependents (where applicable) shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, as such programs may be in effect from time to time, including pension and other retirement plans, group life insurance, group health insurance, accidental death and dismemberment insurance, long-term disability, sick leave (including salary continuation arrangements), paid time off, holidays and other employee benefit programs sponsored by the Company. During the Term of Employment, the Company shall also provide the Executive and his dependents (where applicable) with substantially the same group health, executive medical, disability and life insurance-related coverage and/or benefits and tax preparation services as provided to similarly situated executives (other than Xxxxx X. Xxxxxxxx XXX) of the Company as of the Effective Date.
