Common use of Retirement, Incentive, Welfare Benefit Plans and Other Benefits Clause in Contracts

Retirement, Incentive, Welfare Benefit Plans and Other Benefits. (i) During the Employment Period, the Executive will be eligible, and Cinergy will take all necessary action to cause the Executive to become eligible, to participate in short-term and long-term incentive, stock option, restricted stock, performance unit, savings, retirement and welfare plans, practices, policies and programs applicable generally to other senior executives of Cinergy who are considered Tier II executives for compensation purposes, except with respect to any plan, practice, policy or program to which the Executive has waived his rights in writing.

Retirement, Incentive, Welfare Benefit Plans and Other Benefits. (i) During the Employment Period, the Executive will be eligible, and Cinergy will take all necessary action to cause the Executive to become eligible, to participate in short-term and long-term incentive, stock option, restricted stock, performance unit, savings, retirement and welfare plans, practices, policies and programs applicable generally to other senior executives of Cinergy who are considered Tier II executives for compensation purposesat her level in the organization, except with respect to any plan, practice, policy or program to which the Executive has waived his rights in writing.respect