Regular Benefits. Executive shall also be entitled to participate in all benefit plans available to employees of Employer, all as more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Boards of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.
Appears in 3 contracts
Samples: Employment Agreement (Old Dominion Electric Cooperative), Employment Agreement (Old Dominion Electric Cooperative), Employment Agreement (Old Dominion Electric Cooperative)
Regular Benefits. Executive shall also be entitled to participate in all benefit plans available to employees of Employer, all as such plans are more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges privileges, and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Boards of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board Boards of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.
Appears in 2 contracts
Samples: Employment Agreement (Old Dominion Electric Cooperative), Employment Agreement (Old Dominion Electric Cooperative)
Regular Benefits. Executive shall also be entitled to participate in all benefit plans available to employees of Employer, all as such plans are more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges privileges, and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Boards Board(s) of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board Board(s) of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.
Appears in 1 contract
Samples: Employment Agreement (Old Dominion Electric Cooperative)
Regular Benefits. Executive shall also be entitled to participate in all benefit plans available to employees of Employer, all as such plans are more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges privileges, and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Boards Board of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.
Appears in 1 contract
Samples: Employment Agreement (Old Dominion Electric Cooperative)
Regular Benefits. Executive shall also be entitled to ---------------- participate in all benefit plans available to employees of Employer, all as more specifically outlined in the Employee Benefits Package (a copy of which has been provided to Executive), including medical insurance, basic life insurance, long-term disability, retirement and security plans, savings plans (401K), business travel accident insurance, exercise club privileges and other benefit plans that may from time to time be approved or in effect for senior executives of Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of Employer and (iii) the discretion of the Boards of Directors of Employer or the administrative or other committee provided for in or contemplated by such plan. Such benefits shall be subject to review, alteration and/or cancellation in the discretion of the Board Boards of Directors of Employer, in accordance with the usual practice of Employer with respect to review of benefits for its officers.
Appears in 1 contract
Samples: Employment Agreement (Old Dominion Electric Cooperative)