Common use of Vacation and Employee Benefits Clause in Contracts

Vacation and Employee Benefits. During his Employment, the Employee shall be eligible for paid vacations in accordance with the Company's standard policy for similarly situated employees, as it may be amended from time to time. During his Employment, the Employee shall be eligible to participate in any employee benefit plans maintained by the Company for similarly situated employees, subject in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee administering such plan based on the terms of the plan and Company policy. At Employee's option, Employee shall be eligible to use personal life and disability insurance to cover the approximate difference between the company plan's maximum and his Base Compensation up to a cost of $150 per month for disability insurance and $100 per month for life insurance and to present the Company receipts for such insurance for reimbursement by the Company.

Vacation and Employee Benefits. During his her Employment, the Employee shall be eligible for paid vacations in accordance with the Company's ’s standard policy for similarly situated employees, as it may be amended from time to time. During his her Employment, the Employee shall be eligible to participate in any employee benefit plans maintained by the Company for similarly situated employees, subject in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee administering such plan based on the terms of the plan and Company policy. At Employee's ’s option, Employee shall be eligible to use personal life and disability insurance to cover the approximate difference between the company plan's ’s maximum and his her Base Compensation up to a cost of $150 per month for disability insurance and $100 per month for life insurance and to present the Company receipts for such insurance for reimbursement by the Company.