Common use of Welfare Benefit Plans Clause in Contracts

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 23 contracts

Samples: Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Union First Market Bankshares Corp)

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Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s 's family, as the case may be, will shall be eligible for participation in and will shall receive all benefits under welfare benefit plans, policies and programs plans provided by the Company Corporation (including, without limitation, medical, prescription, dental, disability, salary continuance, executive life, group life, accidental death and its affiliated companies travel accident insurance plans and programs), at least comparable to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs those in effect at any time during the six months 90-day period immediately preceding the Change Effective Date which would be most favorable to the Executive or, if more favorable to the Executive, as in Control Dateeffect at any time thereafter with respect to other key executives.

Appears in 15 contracts

Samples: Executive Employment Agreement (Bard C R Inc /Nj/), Change of Control Agreement (Bard C R Inc /Nj/), Executive Employment Agreement (Bard C R Inc /Nj/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s 's family, as the case may be, will shall be eligible for participation in and will shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies to subsidiaries (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) applicable on or after the extent applicable generally Effective Date to other peer executives key employees of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorablesubsidiaries, in each case providing benefits which are the aggregate, than the most favorable of such plans, policies and programs economic equivalent to those in effect at any time during on the six months immediately preceding the Change in Control DateEffective Date or as subsequently amended.

Appears in 10 contracts

Samples: Employment Agreement (Us Airways Inc), Employment Agreement (Us Airways Inc), Employment Agreement (Usair Inc)

Welfare Benefit Plans. During the Change in Control Employment Period, the Executive and/or the Executive’s family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 5 contracts

Samples: Employment Agreement (Mainstreet Bankshares Inc), Employment Agreement (Virginia Financial Group Inc), Employment Agreement (Virginia Financial Group Inc)

Welfare Benefit Plans. During the Change in Control Employment Period, the Executive and/or the Executive’s 's family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 3 contracts

Samples: Employment Agreement (Virginia Financial Corp), Employment Agreement (Virginia Financial Corp), Employment Agreement (Virginia Financial Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s 's family, as the case may be, will shall be eligible for participation to participate in and will shall receive all benefits under welfare benefit plans, policies plans and programs Policies provided by the Company and its affiliated companies applicable to the extent applicable generally to other peer executives of the Company and its affiliated companiesCompany, but in no event will shall such plans, policies plans and programs Policies provide the Executive with benefits that which are less favorable, in the aggregate, than the most favorable of such plans, policies plans and programs Policies in effect at any time during the six months 90-day period immediately preceding the Change in Control Effective Date.

Appears in 2 contracts

Samples: Change in Control Employment Agreement (Pathogenesis Corp), Change in Control Employment Agreement (Pathogenesis Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, will shall be eligible for participation in and will shall receive all benefits under welfare benefit plans, policies and programs plans provided by the Company Corporation (including, without limitation, medical, prescription, dental, disability, salary continuance, executive life, group life, accidental death and its affiliated companies travel accident insurance plans and programs), at least comparable to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs those in effect at any time during the six months 90-day period immediately preceding the Change Effective Date which would be most favorable to the Executive or, if more favorable to the Executive, as in Control Dateeffect at any time thereafter with respect to other key executives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Bard C R Inc /Nj/), Executive Employment Agreement (Bard C R Inc /Nj/)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six twelve (12) months immediately preceding the Change in Control Date.

Appears in 2 contracts

Samples: Management Continuity Agreement (Virginia National Bankshares Corp), Management Continuity Agreement (Virginia National Bankshares Corp)

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Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s 's family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 2 contracts

Samples: Management Continuity Agreement (F&m National Corp), Management Continuity Agreement (Shore Financial Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, and her eligible dependents will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 1 contract

Samples: Management Continuity Agreement (Bay Banks of Virginia Inc)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, and his eligible dependents will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 1 contract

Samples: Management Continuity Agreement (Bay Banks of Virginia Inc)

Welfare Benefit Plans. During the Employment Period, the --------------------- Executive and/or the Executive’s 's family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months immediately preceding the Change in Control Date.

Appears in 1 contract

Samples: Management Continuity Agreement (Union Bankshares Corp)

Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, will be eligible for participation in and will receive all benefits under welfare benefit plans, policies and programs provided by the Company and its affiliated companies to the extent applicable generally to other peer executives of the Company and its affiliated companies, but in no event will such plans, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, policies and programs in effect at any time during the six months one-year period immediately preceding the Change in Control Date.

Appears in 1 contract

Samples: Change in Control Agreement (Books a Million Inc)

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