Common use of Vacations and Fringe Benefits Clause in Contracts

Vacations and Fringe Benefits. The Employee shall be entitled to an annual vacation of at least the minimum vacation time established by the Company for its employees. The Employee shall further be entitled to participate in and receive the benefits provided under any employee benefit program which may be adopted and maintained by the Company (including, without limitation, those described on Schedule A) and for which the Employee is eligible by virtue of Employee's employment hereunder, but only as and to the extent the Employee would otherwise be eligible as provided in any said program.