Welfare and Other Benefits. The Executive and/or the Executive’s eligible dependents, as the case may be, shall be entitled to participate in, and enjoy the benefits of, all welfare benefit plans, practices, policies and programs provided by the Company (including without limitation, medical, prescription, drug, dental, disability, salary continuance, group life, dependent life, accidental death and travel accident insurance plans and programs) and other benefits (including, without limitation, executive physicals and tax and financial planning assistance) at a level that is available to other senior executives of the Company.
Welfare and Other Benefits. (a) The Executive and/or the Executive’s eligible dependents, as the case may be, shall be entitled to participate in, and enjoy the benefits of, all welfare benefit plans, practices, policies and programs provided by the Company at a level that is generally available to other senior executives of the Company.
(b) In the event that Executive is unable to perform his duties under this Agreement due to illness, the Executive shall receive his salary according to the terms and conditions of the insurance for loss of earnings due to illness, which is covered by the Company. If insurance for loss of earnings due to illness has not been entered into, the continuation of pay shall be determined by Art. 324a of the Swiss Code of Obligations.
(c) The Company shall take out accident insurance for the employee according to Swiss law and to the terms usually offered by the Company.
Welfare and Other Benefits. Unless otherwise specified below, upon the Separation Date, the Employee shall cease to participate in the Company's employee benefit plans, pursuant to the terms and conditions of the plan documents.
Welfare and Other Benefits. During the Term, Executive shall be eligible to participate fully in all life and short- and long-term disability benefits and insurance programs available to senior executive officers of the Company generally. Executive shall be entitled to participate in, and receive Company contributions to, any Section 401(k) savings plan available to senior executive officers of the Company generally.
Welfare and Other Benefits. Other than as required under mandatory laws (e.g. regarding mandatory social security contributions), there is not in operation, and no proposal has been announced to enter into or establish, any agreement, arrangement, custom or practice (whether legally enforceable or not) for the payment of, or payment of a contribution towards, any pensions, allowances, lump sums or other similar benefits on retirement, death, termination of employment (voluntary or not) or during periods of sickness or disablement, for the benefit of any director, former director, officers, former officers, employee or former employee of the Company or for the benefit of the dependants of any such person.
Welfare and Other Benefits. During the Continuation Period (as defined below), the Company will:
(A) maintain group health and dental plan(s) and (B) provide, or arrange to provide, to the extent such policies or coverages can be obtained on commercial reasonable terms, the same or equivalent accidental death and dismemberment, short and long-term disability, life insurance coverages, and all other insurance policies and health and welfare benefits (other than benefits pursuant to any cafeteria plan maintained by the Company pursuant to Section 125 of the Code), which by their terms cover the Employee (and the Employee’s family members and dependents who were eligible to be covered at any time during the 90-day period immediately prior to the date of the Change in Control for the period after the Change in Control in which such family members and dependents would otherwise continue to be covered under the terms of the plan in effect immediately prior to the Change in Control) under the same terms and at the same cost to the Employee and the Employee’s family members and dependents as similarly situated individuals who continue to be employed by the Company; For purposes of this section, the “Continuation Period” is the period beginning on the Employee’s Date of Termination and ending on the last day of the 18th month that begins after the Employee’s Date of Termination.
Welfare and Other Benefits. Unless otherwise specified below, upon the Retirement Date, the Executive shall cease to participate in the Company's compensation and benefit plans, pursuant to the terms and conditions of the plan documents.
Welfare and Other Benefits. 15 Section 5.1 Company Medical/Dental Plans..........................................15 Section 5.2 Lakes Medical/Dental Plan.............................................16 Section 5.3 Vacation and Sick Pay Liabilities.....................................17 Section 5.4 Payroll Reporting and Withholding.....................................18 Section 5.5 Post-Retirement Welfare Benefits......................................20 Section 5.6 Other Welfare Plans...................................................20 ARTICLE 6 -
Welfare and Other Benefits. During the Continuation Period (as defined below), the Company will:
(i) (A) maintain group health and dental plan(s) and (B) provide, or arrange to provide, to the extent such policies or coverages can be obtained on commercial reasonable terms, the same or equivalent accidental death and dismemberment, short and long-term disability, life insurance coverages, and all other insurance policies and health and welfare benefits (other than benefits pursuant to any cafeteria plan maintained by the Company pursuant to Section 125 of the Code), which by their terms cover the Employee (and the Employee's family members and dependents who were eligible to be covered at any time during the 90-day period immediately prior to the date of the Change in Control for the period after the Change in Control in which such family members and dependents would otherwise continue to be covered under the terms of the plan in effect immediately prior to the Change in Control) under the same terms and at the same cost to the Employee and the Employee's family members and dependents as similarly situated individuals who continue to be employed by the Company (without regard to any reduction in such benefits that constitutes Good Reason); and
(ii) provide the Employee, at the Company's expense, a term life insurance policy for the benefit of the Employee's designee on the terms set forth in Section 5(b); and
(iii) provide to the Employee a $1,000 per month cash allowance. For purposes of this section, the "Continuation Period" is the period beginning on the Employee's Date of Termination and ending on (x) the last day of the 30th month that begins after the Employee's Date of Termination, or (y) if earlier, in the case of the group health and dental plans referred to in clause (i)(A) above, the date after the Employee's Date of Termination on which the Employee first becomes eligible to participate as an employee in a plan of another employer providing group health and dental benefits to the Employee and the Employee's eligible family members and dependents which plan does not contain any exclusion or limitation with respect to any pre-existing condition of the Employee or any eligible family member or dependent who would otherwise be covered under the Company's plan but for this clause (y), or (z) if earlier, in the case of the other welfare benefits referred to in clause (i)(B) above, the date after the Employee's Date of Termination on which the Employee first becomes eligible to...
Welfare and Other Benefits. 15 Section 5.1. Hilton Medical/Dental Plans.. . . . . . . . . . . . . . . .15 Section 5.2. Park Place Medical/Dental Plans.. . . . . . . . . . . . . .16 Section 5.3. Vacation and Sick Pay Liabilities.. . . . . . . . . . . . .17 Section 5.4. Payroll Reporting and Withholding.. . . . . . . . . . . . .18 Section 5.5. Post-Retirement Welfare Benefits. . . . . . . . . . . . . .19
