Common use of Retirement and Welfare Benefits Clause in Contracts

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all fringe benefits, perquisites, and such other benefit plans and arrangements as are made available generally to the Company’s senior executives. The benefits described herein shall be subject to the applicable terms of the applicable plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Notwithstanding anything to the contrary herein, during the Term, Executive shall not be eligible to participate in or receive benefits under any severance plan, program, policy, arrangement or agreement of the Company other than this Agreement. Nothing in this Paragraph 4, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall continue to be eligible to participate in all fringe benefitsbenefits and perquisites, perquisitesand all health, welfare, life insurance, disability, retirement and other benefit plans in which Executive was eligible to participate prior to the Effective Date, and such other benefit plans and arrangements as are made available generally to the Company’s senior executivesexecutives during the Term. The benefits described herein shall be subject to the applicable terms of the applicable plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Notwithstanding anything to the contrary herein, during the Term, Executive shall not be eligible to participate in or receive benefits under any severance plan, program, policy, arrangement or agreement of the Company other than this Agreement. Nothing in this Paragraph Section 4, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.

Retirement and Welfare Benefits. During the Term, Executive shall be eligible to participate in all fringe benefitsbenefits and perquisites, perquisitesand all health, welfare, life insurance, disability, retirement and other benefit plans , and such other benefit plans and arrangements as are made available generally to the Company’s senior executivesexecutives during the Term (subject to the Executive’s satisfaction of all eligibility requirements). The benefits described herein shall be subject to the applicable terms of the applicable plans and shall be governed in all respects in accordance with the terms of such plans as from time to time in effect. Notwithstanding anything to the contrary herein, during the Term, Executive shall not be eligible to participate in or receive benefits under any severance plan, program, policy, arrangement or agreement of the Company other than this Agreement. Nothing in this Paragraph Section 4, however, shall require the Company to maintain any benefit plan or provide any type or level of benefits to its current or former employees, including Executive.