Welfare and Retirement Benefits. From and after the date of this Agreement, Executive shall be entitled to participate in all of the Company's employee pension plans, welfare benefit plans, tax-deferred savings plans, or other welfare or retirement benefits or arrangements (including any insurance or trust arrangements maintained generally for the benefit of the Company's directors and officers) and in which the executive officers of the Company are entitled generally to participate (collectively, the "Company Benefit Plans") on the same basis as other executive employees. For purposes of determining Executive's "years of service" credit under any of the Company Benefit Plans, Executive shall be given full credit for years of service with XxXxxxxx and its subsidiaries.
Welfare and Retirement Benefits. During Employee's employment by Employer under this Agreement, Employee shall be eligible for participation in and shall be covered by any and all such medical, dental, life and other voluntary insurance plans, retirement and profit sharing plans, and such other similar benefits generally available to other employees of Employer in similar employment positions, on the same terms as such employees, subject to meeting applicable eligibility requirements. Employee shall also be covered by long-term disability insurance, to the extent that such insurance is available to Employer on commercially reasonable terms and conditions, such that, upon a termination of Employee by Employer under Section 7(c) as a result of a disability, Employee shall be entitled to receive disability insurance coverage in an amount and for a duration at least equal to that made generally available to officers of Employer under Employer's long-term disability insurance in effect as of the date of this Agreement.
Welfare and Retirement Benefits. During the Term, the Executive shall be entitled to participate in all of the Company’s employee pension plans, welfare benefit plans, tax-deferred savings plans or other welfare or retirement benefits or arrangements (including any insurance or trust arrangements maintained generally for the benefit of the Company’s employees) and in which the executive officers of the Company are entitled generally to participate (collectively, the “Company Benefit Plans”) on terms no less favorable than those available to other senior executives of the Company as in effect from time to time.
Welfare and Retirement Benefits. During the term of the Executive's employment with the Company, the Executive may participate in such employee benefit plans, including but not limited to 401(k), and health insurance plans, as the Company makes available generally to executives of the Company.
Welfare and Retirement Benefits. The Company shall provide Executive during the Employment Period with coverage under all employee pension and welfare benefit programs, plans and practices (commensurate with his position) in accordance with the terms thereof, which the Company makes available to its senior executives. During the Employment Period, the Company shall contribute an aggregate amount equal to 30% of Executive’s Base Salary on an annual basis to the Company’s 401 (k) Plan and/or the Shire Group Supplemental Executive Retirement Plan (the “SERP”), or into such other equivalent arrangement under the Company’s policies on pensions. Such contributions shall be made on a quarterly basis and are subject to Executive’s employment with Shire on the date of the contribution. In addition, the full contribution is contingent upon Executive’s participation in the Company’s 401(k) Plan at a minimum personal contribution level of 3%. The provisions of this Section 4.9 shall in all events be subject to the terms of the Company’s 401 (k) Plan, the SE RP and any other applicable policies of Shire as may be established from time to time.
Welfare and Retirement Benefits. Employee shall be eligible to participate in each of the Company’s employee benefit plans and programs, in accordance with the terms thereof, that the Company offers to similarly situated employees, if any, for so long as the Company shall continue to offer said plans and programs, and subject to Employee’s payment of any required contributions.
Welfare and Retirement Benefits. During the term of High's employment with the Company, at no cost to High, the Company shall provide High with family coverage under the health insurance plan chosen by High from the plans offered to the Company's regular full-time employees. High may participate in such additional employee benefit plans, including but not limited to 401(k), pension, and dental insurance plans, as the Company makes available generally to executives of the Company.
Welfare and Retirement Benefits. During the Term, the Executive shall be entitled to participate in all of the Company’s employee pension plans, welfare benefit plans, tax-deferred savings plans or other welfare or retirement benefits or arrangements (including any insurance or trust arrangements maintained generally for the benefit of the Company’s employees) and in which the executive officers of the Company are entitled generally to participate (collectively, the “Company Benefit Plans”) on terms no less favorable than those available to other senior executives of the Company. In addition, during the Term, the Company shall (i) pay the premiums on that certain term life insurance policy that is in effect on the life of the Executive as of the date of this Agreement with a face amount equal to $1,500,000; (ii) reimburse the Executive for monthly country club dues at one country club selected by the Executive and for monthly dues and personal training or exercise class fees at one athletic club selected by the Executive; and (iii) reimburse the Executive for costs incurred by the Executive for financial planning services in an amount not to exceed $10,000 per full calendar year.
Welfare and Retirement Benefits. Executive shall be entitled to participate in all of Remington UK's employee pension plans, welfare benefit plans, including medical and group insurance plans, or other welfare or retirement benefits or arrangements in which executive officers of Remington UK are entitled generally to participate on the same basis as other executive employees. Furthermore, you shall be immediately eligible to participate in Remington UK's deferred benefit pension plan.
Welfare and Retirement Benefits. Employee shall be eligible to participate in each of the Company’s employee benefit plans and programs, in accordance with the terms thereof and as they may be changed from time to time, that the Company offers to similarly situated employees, if any, for so long as the Company shall continue to offer said plans and programs, and subject to Employee’s payment of any required contributions. Notwithstanding any provision of this Agreement to the contrary, nothing contained herein shall be construed to limit, condition, or otherwise encumber the rights of the Company, in its sole discretion, to amend, discontinue, substitute or maintain any benefit plan, program, or perquisite applicable to employees of the Company generally.
