Pension and Welfare Benefits Sample Clauses

Pension and Welfare Benefits. During the Term, the Executive shall be eligible to participate fully in all health benefits, insurance programs, pension and retirement plans and other employee benefit and compensation arrangements available to senior officers of the Company generally.

Pension and Welfare Benefits. Main will provide the Executive, during the Employment Period, with pension and welfare benefits (within the meaning of Section 3 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) in the aggregate not less favorable than those received by other employees of Main.

Pension and Welfare Benefits. During the Term, the Executive shall be ---------------------------- eligible to participate in the pension and retirement plans (the "Pension Plans") provided to other senior executive officers of the Company, and participate fully in all health benefits, insurance programs and other similar executive welfare benefit arrangements available to other senior executive officers of the Company and shall be provided benefits under such plans and arrangements substantially equivalent, in the aggregate, to the benefits provided to other senior executive officers of the Company and on substantially similar terms and conditions. Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with life and disability insurance at a benefit level no less favorable to the Executive than the benefit level provided to him as of the date of this Agreement.

Pension and Welfare Benefits. During the Term, the Executive will participate in all pension and welfare plans, programs and benefits that are applicable to executives of the Company. The benefits provided to the Executive during the Term, when taken as a whole, shall be no less favorable than the benefits which, when taken as a whole, are provided to any other executive of the Company; provided that Executive shall continue to receive life insurance coverage in an amount equal to at least one (1) times his then Salary. During the Term, the Executive shall also be entitled to all additional perquisites which the Company provides to its executives. Subject to subsection 7(a)(i) hereof, from and after the expiration of the Term or, if earlier, the date of termination of Executive's employment hereunder, Executive shall be entitled, during his lifetime, to full Company-paid health and life insurance for himself and his immediate family, at a level no less favorable than that in effect from time to time for the benefit of the Company's senior executive officers.

Pension and Welfare Benefits. Medifast will provide the Executive, during the Employment Period, with pension and welfare benefits (within the meaning of Section 3 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) in the aggregate not less favorable than those received by other employees of Medifast.

Pension and Welfare Benefits. During the Term, unless otherwise specified herein, the Executive and his surviving spouse will participate in all pension and welfare plans (other than provisions in individual contracts that might be deemed plans), programs and benefits at the highest levels that are from time to time applicable to senior executives of the Company (including, without limitation, each retirement plan, supplemental and excess retirement plan, individual supplemental excess retirement arrangement (“ISERA”), group life insurance, accident and death insurance, medical and dental insurance, sick leave and disability plan and any plan or program providing fringe benefits or perquisites). In addition, for as long as he and his surviving spouse live, the Executive and his surviving spouse will be entitled to participate in (together with their eligible dependents), and the Company will pay for, such health and welfare benefits (including, without limitation, medical and dental, disability and life insurance and other similar benefit plans) presently in effect or hereafter adopted at the highest levels that are from time to time applicable to the highest paid group of senior executives of the Company (the “Continuing Health and Welfare Benefits”); provided that the Company shall not be required to continue to provide the benefits under this Section 4 if such benefits are provided to Executive by another employer.

Pension and Welfare Benefits. During the Employment Period and except as otherwise specifically provided to the contrary in this Agreement, Executive shall be provided with pension, welfare and fringe benefits to the same extent and on the same terms as those benefits are provided by the Company from time to time to the Company's other senior management employees. Notwithstanding the foregoing, such Company pension, welfare and fringe benefit plans may be amended or terminated at any time in accordance with the term of such plans. During the Employment Period, Executive shall be provided vacation and sick leave in accordance with Company policy.

Pension and Welfare Benefits. (1) Effective as of the Effective Time, the Purchaser shall establish, or cause to be established, or designate benefit arrangements (“Purchaser’s Benefit Plans”) to provide benefits to each Assumed Employee of the Purchased Business on and after the Effective Time. Effective as of the Effective Time, each Assumed Employee shall cease to actively participate in and accrue benefits under the Benefit Plans and shall commence, without interruption, to participate in and accrue benefits, without limitation or restriction due to pre-existing medical conditions (other than any limitation of coverage or restriction applicable to a particular employee under the Benefit Plans), and any and all requirements to provide evidence of insurability (other than any requirement to provide such evidence of insurability under the Benefit Plans) shall be waived under the Purchaser’s Benefit Plans, subject to Applicable Law. Periods of employment with the Vendor, to the extent recognized under the Benefit Plans immediately prior to the Effective Time, shall be taken into account only for purposes of determining, as applicable, vesting, eligibility for participation and eligibility for early retirement subsidy of any Assumed Employee under the Purchaser’s Benefit Plans (other than under the Purchaser’s post-retirement non-pension benefit plan). Periods of employment with the Purchaser shall be taken into account for purposes of determining, as applicable, vesting, eligibility for participation and eligibility for early retirement subsidy of any Assumed Employee under the Benefit Plans. (2) The Vendor shall retain responsibility under any Benefit Plan that is a group life, accident, medical, dental or disability plan or similar arrangement (whether or not insured) for all amounts payable by reason of or in connection with any Claims incurred or asserted by an Assumed Employee (or any beneficiary or dependent thereof) to the extent that such claim relates to events occurring (whether or not reported) during the period prior to the Effective Time. For the purposes of this Section 4.06(2), a claim shall be deemed to have been “incurred” when, (i) with respect to medical or dental benefits, the medical or dental services giving rise to such Claim are performed and (ii) with respect to life, accident or disability benefits, when the event, condition or illness giving rise to such Claim occurs. (3) The Purchaser will not assume or incur any liability or responsibility whatsoever under ...

Pension and Welfare Benefits. A. In order to provide certain pension benefits to the Designers employed under this Agreement, the Employer shall make pension contributions on behalf of every person employed hereunder, in an amount equal to 9% of the gross compensation of each person so employed, to the

Pension and Welfare Benefits. 25.01 Pension and Welfare Benefits will be in accordance with the rates and method of payment established in the prevailing ICI construction agreement.