Common use of Plan Amendments Clause in Contracts

Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 are not paid or payable or otherwise provided to the Executive or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 12 contracts

Samples: Employment Contract (Beverly Enterprises Inc), Agreement (Beverly Enterprises Inc /De/), Employment Contract (New Beverly Holdings Inc)

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Plan Amendments. The Company shall may adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 4 are not paid or payable or otherwise provided to the Executive or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, the failure of the Company to adopt such amendments or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (World Color Press Inc /De/), Change in Control Severance Agreement (World Color Press Inc /De/), Change in Control Severance Agreement (World Color Press Inc /De/)

Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 4 are not paid or payable or otherwise provided to the Executive or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 3 contracts

Samples: Control Severance Agreement (Beverly Enterprises Inc /De/), Change in Control Severance Agreement (Beverly Enterprises Inc /De/), Severance Agreement (New Beverly Holdings Inc)

Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 2 are not paid or payable or otherwise provided to the Executive Employee or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 2 contracts

Samples: Severance Agreement and Release of Claims (Beverly Enterprises Inc), Severance Agreement and Release of Claims (Beverly Enterprises Inc)

Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies policies, including, without limitation, the Plans, as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 Section 2 are not paid or payable or otherwise provided to the Executive Officer or his or her dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 2 contracts

Samples: Retention Agreement (Magnetek, Inc.), Retention Agreement (Magnetek, Inc.)

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Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 8 are not paid or payable or otherwise provided to the Executive or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 1 contract

Samples: Employment and Severance Agreement (Beverly Enterprises Inc)

Plan Amendments. The Company shall adopt such amendments to its employee benefit plans and insurance policies as are necessary to effectuate the provisions of this Agreement. If and to the extent any benefits under this Paragraph 7 4 are not paid or payable or otherwise provided to the Executive or his dependents or beneficiaries under any such plan or policy (whether due to the terms of the plan or policy, the termination thereof, ; applicable law, or otherwise), then the Company itself shall pay or provide for such benefits.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Beverly Enterprises Inc /De/)

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