Common use of Benefits and Allowances Clause in Contracts

Benefits and Allowances. The Executive shall be eligible to participate in the Company’s health insurance plan (in the event that the Company adopts any such plan) with individual and family coverage at the Company’s expense, subject to the terms of that plan as amended from time to time, on the same basis as the Company’s other senior executives. Or in the case the Company does not adopt a health insurance plan, the Executive shall be paid a health insurance allowance of CDN$1,000 per month, entitlement to which ceases on the Termination Date. The Executive shall be entitled to participate in the Company’s profit sharing and retirement savings plans (in the event that the Company adopts any such plan(s)), subject to the terms of such plans as amended from time to time, on the same basis as the Company’s other senior executives. Entitlement to participation ceases on the Termination Date. The Executive shall be paid both a cell phone allowance of CDN$130 per month and an automobile and parking allowance of CDN$500 per month, entitlement to which ceases on the Termination Date.