Retirement or Welfare Benefits. During the Contract Period, the Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time as the Company deems appropriate.
Retirement or WelfareOther Benefits. During the Contract Period,Term and subject to any contribution therefor required of employees of the Company, the Executive shall be entitled to participate in employeeall equity, pension, savings and retirement plans, welfare and welfare benefit plans made availableinsurance plans, practices, policies, programs and perquisites of employment applicable generally to other senior executives of the Company, except to the Company’s senior level executives as a group orextent any employee benefit plan provides for benefits otherwise provided to its employees generally, as such retirementthe Executive hereunder (e.g., annual bonuses and welfare plans mayseverance). Such participation shall be in effect from time to time and subject to the eligibility# requirements of applicable law, # the plans. Nothing interms of the applicable plan documents, # generally applicable Company policies, and # the discretion of the Board or any administrative or other committee provided for under or contemplated by such plan. The Executive shall have no recourse against the Company under this Agreement shall preventin the event that the Company from amendingshould alter, modify, add to or terminatingeliminate any retirement, welfare or otherall of its employee benefit plans or programs from time to time as the Company deems appropriate.plans.
Retirement or Welfare Benefits.Employee Benefit Plans. During the ContractEmployment Period, the Executive shall be entitled to participate in employeeand receive the benefits of any pension or other retirement andbenefit plan, welfare benefit plan or similar employee benefit plans or arrangements (including stock option plans, short- or long-term disability plans, life insurance programs, and health insurance) made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time to employees of the Employer in accordance with the provisions of such plans. The base salary and subjectany bonus payable to Executive under Section 4 shall be considered covered compensation for purposes of such plans to the eligibility requirementsmaximum extent permitted by the terms of such plans. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from timeamounts payable to time as the Company deems appropriate.Executive pursuant to Section 4(a) hereof.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.