Common use of Benefit Plans and Programs Clause in Contracts

Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the Company, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will not, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliates.

Appears in 12 contracts

Sources: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Resources, Inc.)

Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible invited to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the CompanyCompany from time to time, subject to the eligibility requirements and other terms and conditions of those plans and programs. Such benefit plans and programs shall include, but are not limited to, plans and programs related to medical and dental coverage. The Company will not, however, by reason of this Section 5(b) be obligated either (1i) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2ii) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliatesAffiliates.

Appears in 4 contracts

Sources: Employment Agreement, Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

Benefit Plans and Programs. To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible invited to participate in all benefit plans and programs, including improvements or modifications of the same, that are now, or may hereafter be, maintained by the Company generally for executive employees of the Company, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will not, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company or any Affiliate (as defined below), or (3) to provide Executive with coverage or benefits under any such benefit plan or program except under the terms and conditions of its affiliateseach such plan or program as it currently exists or as it may be amended from time to time.

Appears in 1 contract

Sources: Employment Agreement (Buckeye GP Holdings L.P.)