Common use of Retirement and Welfare Benefits Clause in Contracts

Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the Company, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Orthovita Inc), Employment Agreement (Orthovita Inc)

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Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the Company, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 2007 Omnibus Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Senior Vice President and Chief Executive Financial Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Orthovita Inc), Employment Agreement (Orthovita Inc)

Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the Company, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive Financial Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Orthovita Inc), Employment Agreement (Orthovita Inc)

Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the CompanyCompany at Executive’s level, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 2007 Omnibus Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive OfficerSenior Vice President, Sales and Marketing. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Orthovita Inc)

Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the Company, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 2007 Omnibus Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Orthovita Inc)

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Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the CompanyCompany at Executive’s level, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 2007 Omnibus Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Orthovita Inc)

Retirement and Welfare Benefits. The Executive shall be eligible to participate in the Company’s health, life insurance, long and short-term disability, dental, retirement, savings and medical programs, directors and officers liability insurance and other benefit plans or programs generally made available to other senior level executive officers of the CompanyCompany at Executive’s level, if any, pursuant to their respective terms and conditions. In addition, the Executive shall be eligible to participate in any long-term equity incentive programs (including the Company’s 1997 2007 Omnibus Equity Compensation Plan and any successor plan) established by the Company for its senior level executives generally at levels determined by the Board (or a Board committee) in its sole discretion, commensurate with the Executive’s position as Chief Executive Medical Officer. Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Orthovita Inc)

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