Common use of The Executive Plans Clause in Contracts

The Executive Plans. The Executive shall be eligible (subject to the terms and conditions of particular plans and programs) to participate in such medical, hospitalization, group health, accident, disability and life insurance programs and plans, such 401(k) plans, profit sharing, stock option, incentive compensation and stock purchase plans and such other employee benefit and welfare programs and plans to the same extent such programs and plans are made available by the Company to any of its other similarly-situated executive employees, whether now or hereafter existing. Notwithstanding the above, the Executive shall be entitled to family coverage at the Company’s expense under a Company group PPO (as presently covered, or any other group health insurance plan that the Company may offer to its similarly-situated executive employees in the future) or, at the Executive’s option, she shall be entitled to family coverage under any health insurance plan of his own choosing and the Company shall promptly reimburse the Executive for the cost of such health insurance coverage as and when incurred. Notwithstanding anything contained herein to the contrary or any health insurance premium payment agreement that the Company currently has or may have in the future with its other similarly-situated executive employees, the Company shall pay any and all of the premiums for any such health insurance for the Executive, including, but not limited to, any premiums which the Company may otherwise require similarly-situated executive employees to pay.