Common use of Pension and Welfare Benefit Plans Clause in Contracts

Pension and Welfare Benefit Plans. In addition to the benefits provided for in Sections 3.3, 3.4 and 3.5, 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 executive 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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan period”), the amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “FMV amount”); thereafter, 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 “base premium amount”). The gross amount of each payroll installment in respect of any portion of the initial health plan period will be increased by an amount equal to (i)(A) the excess of the FMV amount for the period covered by the payroll installment over (B) the base premium amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel). 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 Executive’s Initials jmb Company’s Initials pcw 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. In addition to the benefits provided for in Sections 3.3, 3.4 3.3 and 3.53.4, 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 executive 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 's Exec-U-Care medical plan 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, 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 '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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan period”"INITIAL HEALTH PLAN PERIOD"), the amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “"FMV amount”AMOUNT"); thereafter, thereafter 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 's waiver of the Executive’s 's contribution requirements (the “base premium amount”"BASE PREMIUM AMOUNT"). The gross amount of each payroll installment in respect of any portion of the initial health plan period will be increased by an amount equal to (i)(A) the excess of the FMV amount for the period covered by the payroll installment over (B) the base premium amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel). 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 Executive’s Initials jmb Company’s Initials pcw 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. In addition to the benefits provided for in Sections 3.3, 3.4 and 3.5, 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 executive 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 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 holidays, severance and change in control plans and programs and other employee benefit programs, 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. The Executive shall be eligible for primary and supplemental group health insurance beginning on his or her first day of employment. 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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan periodInitial Health Plan Period”), the amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “FMV amountAmount”); thereafter, thereafter 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 “base premium amountBase Premium Amount”). The gross amount of each payroll installment in respect of any portion of the initial health plan period Initial Health Plan Period will be increased by an amount equal to (i)(A) the excess of the FMV amount Amount for the period covered by the payroll installment over (B) the base premium amount Base Premium Amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel). 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 Executive’s Initials jmb Company’s Initials pcw 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. In addition to the benefits provided for in Sections Section 3.3, 3.4 and 3.5, 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 executive 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 's Exec-U-Care medical plan 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, 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 '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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan period”), the amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “FMV amount”); thereafter, 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 “base premium amount”). The gross amount of each payroll installment in respect of any portion of the initial health plan period will be increased by an amount equal to (i)(A) the excess of the FMV amount for the period covered by the payroll installment over (B) the base premium amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel)next sentence. 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 Executive’s Initials jmb Company’s Initials pcw 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. In addition to the benefits provided for in Sections 3.3, 3.4 3.3 and 3.53.4, 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 executive 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 's Exec-U-Care medical plan 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, 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 '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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan period”), the amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “FMV amount”); thereafter, the 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 's waiver of the Executive’s 's contribution requirements (the “base premium amount”). The gross amount of each payroll installment in respect of any portion of the initial health plan period will be increased by an amount equal to (i)(A) the excess of the FMV amount for the period covered by the payroll installment over (B) the base premium amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel)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 Executive’s Initials jmb Company’s Initials pcw 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. In addition to the benefits provided for in Sections 3.3, 3.4 and 3.5, 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 executive 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 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 holidays, severance and change in control plans and programs and other employee benefit programs, 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. The Executive shall be eligible for primary and supplemental group health insurance beginning on his or her first day of employment. 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. Until the first day of the calendar month following ninety (90) days of continuous employment of the Executive by the Company (the “initial health plan period”), the The amount of imputed income in respect of the primary group health plan benefits will be measured by the fair market value of these benefits (the “FMV amount”); thereafter, 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 “base premium amount”). The gross amount of each payroll installment in respect of any portion of the initial health plan period will be increased by an amount equal to (i)(A) the excess of the FMV amount for the period covered by the payroll installment over (B) the base premium amount for the period covered by the payroll installment (ii) multiplied by an assumed rate of income taxation (as determined by the Company and applied on a uniform basis to similarly situated personnel)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 Executive’s Initials jmb Company’s Initials pcw 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.