Employee Benefit Programs Contract Clauses (24)

Employee Benefit Programs. Executive will be eligible to participate in, and be covered by, the Company's employee benefit programs, subject to any preconditions in those programs, upon Executive's Commencement Date. Specific programs currently in place include; health (physician, prescription, dental, vision) insurance for Executive and his family; a short term and long term disability insurance plan; and group or individual life insurance. In addition, Executive will be entitled to four (4) weeks of paid personal time o...ff ("PTO") for each twelve (12) months Executive is employed by the Company. View More

Employee Benefit Programs. 4.1 During the Term of Employment, the Executive shall be eligible to participate in and shall have the benefit of all the Company's group medical, dental, and vision plans and programs, group life and disability insurance plans, the Company's 401(k) plan, and other employee benefit plans and standard benefits as are or may be generally made available to senior executives of the Company. 4.2 The Executive shall be entitled to receive such executive perquisites, fringe, and other benefits as are ...provided to senior executives of the Company and their families generally under any of the Company's plans and/or programs in effect from time to time and such other benefits as are customarily available to executives of the Company and their families. In addition, the Executive shall be provided with the following perquisites: (i) travel on a private aircraft when the Executive travels on business on behalf of the Company, (ii) reasonable non-exclusive use of the Company's private aircraft for personal travel for the Executive and his spouse (any income from which shall be imputed to the Executive at 4 Standard Industry Fare Level rates in accordance with Treasury Regulation Section 1.61-21(g)(5)), (iii) use of a car and driver, and (iv) financial planning. The Company shall additionally provide the Executive with payments equal to the amount, on an after-tax basis, of any federal, state, or local taxes imposed on the Executive as a result of receiving the foregoing perquisites, such payments to be made no later than thirty (30) days after the end of the taxable year following the taxable year in which the perquisites to which they relate were received by the Executive. The Target may purchase a policy or policies prior to the Effective Time (and if so purchased, the Target shall maintain pursuant to its or their terms) to provide Executive with the "Retiree Benefits," as defined in Section 9(a)(i)(B) of the Prior Agreement, following a termination of employment for any reason other than for Cause, and continuing until the Executive's death or the date that the Executive is eligible for reasonably comparable health insurance from a subsequent employer. 4.3 Except as otherwise expressly provided in this Agreement, nothing in this Section 4 shall be construed to require the Company to establish, maintain, or continue any compensation or benefit plan, program, or arrangement. 4.4 Except as otherwise expressly provided by their terms, such compensation or benefit plans, programs, or arrangements are subject to modification or termination by the Company at any time. View More

Employee Benefit Programs. (a) During the Term of Employment, the Executive shall be entitled to participate in all employee welfare and pension benefit plans, programs and/or arrangements applicable to the senior-level executives. (b) During the Term of Employment, the Company shall provide and/or pay for a life insurance policy on the Executive's life with a $5 million death benefit. The Executive shall designate in his sole discretion the beneficiary under such policy. If the life insurance cannot be purchased at stand...ard rates, then the Company shall provide and/or pay for that amount of insurance that can be purchased for premiums equal to the coverage specified above at standard rates. View More