Benefits Clause Example with 4 Variations from Business Contracts

This page contains Benefits clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are s...imilarly applicable to similarly situated Company employees generally. View More

Variations of a "Benefits" Clause from Business Contracts

Benefits. (a) During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes a...re similarly applicable to similarly situated Company employees generally. (b) During the Employment Period, Employee shall be eligible to take paid time off in accordance with the Company's paid time off policy as in effect from time to time. Unless otherwise provided for in any such paid time off policy, Employee shall forfeit (and shall not be entitled to any payment in respect of) any accrued but unused paid time off entitlement at the end of each calendar year or the end of the Employment Period. (c) Through December 2023, the Company will provide an apartment and monthly reimbursement to return home. View More
Benefits. (a) During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes a...re similarly applicable to similarly situated Company employees generally. (b) During the Employment Period, Employee shall be eligible to take paid time off in accordance with the Company's paid time off policy as in effect from time to time. Unless otherwise provided for in any such paid time off policy, Employee shall forfeit (and shall not be entitled to any payment in respect of) any accrued but unused paid time off entitlement at the end of each calendar year or the end of the Employment Period. View More
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company Bank employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company Bank shall not, however, by reason of this Section 6, 7, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such ...changes are similarly applicable to similarly situated Company Bank employees generally. View More
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are s...imilarly applicable to similarly situated Company employees generally. policy. View More