Common use of Welfare and Retirement Benefits Clause in Contracts

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. 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 XxXxxxxx, Astrum and its their subsidiaries.