Other Benefits Sample Clauses
The "Other Benefits" clause defines the scope of additional advantages, perks, or compensations that a party may receive beyond those explicitly listed in the main agreement. This can include items such as bonuses, allowances, insurance, or non-monetary benefits that are not otherwise detailed in the contract. By clarifying what constitutes an "other benefit" and whether such benefits are included or excluded, the clause helps prevent misunderstandings and disputes over entitlements, ensuring both parties have a clear understanding of the full compensation package or obligations.
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Other Benefits. During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.
Other Benefits. This Agreement governs the rights and obligations of Executive and Company with respect to Executive’s base salary and certain perquisites of employment. Except as expressly provided herein, Executive’s rights and obligations both during the term of his employment and thereafter with respect to stock options, restricted stock, incentive and deferred compensation, life insurance policies insuring the life of Executive, and other benefits under the plans and programs maintained by Company shall be governed by the separate agreements, plans and other documents and instruments governing such matters.
Other Benefits. Executive will be entitled to participate, to the extent he is eligible under the terms and conditions thereof, in all profit-sharing, hospitalization, insurance, medical, disability, or other fringe benefit or executive perquisite plans generally available to other senior executives of the Company.
Other Benefits. The Executive also shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Company, as such existed immediately prior to the Change in Control. During the Contract Period, the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefits enjoyed, from time to time, by senior officers of the Company, all upon terms as favorable as those enjoyed by other senior officers of the Company. Notwithstanding anything in this paragraph 5(d) to the contrary, if the Company adopts any change in the benefits provided for senior officers of the Company, and such policy is uniformly applied to all officers of the Company (and any successor or acquirer of the Company, if any), including the chief executive officer of such entities, then no such change shall be deemed to be contrary to this paragraph.
Other Benefits. Throughout the term of this Agreement, Employer shall provide Executive with reasonable health insurance, disability and other employee benefits. Executive shall participate in all employee benefit plans and programs of Employer on a basis at least as favorable as that accorded to any other officer of Employer.
Other Benefits. During the Employment Period, the Executive shall be entitled to participate in all executive and employee benefit plans and programs of the Company on the same basis as provided generally to other senior executives of the Company. The Company reserves the right to amend or cancel any such plan or program in its sole discretion, subject to the terms of such plan or program and applicable law.
Other Benefits. The Company shall also maintain in full force and effect, for the continued benefit of the Employee and his dependents, for a period terminating on the earliest of (i) a period of months after the Date of Termination equal to the Measuring Period; (ii) the commencement date of equivalent benefits for the Employee from a new employer; or (iii) the Employee's normal retirement date under the Company's Pension Plan, after which the terms of the Pension Plan shall govern; all insured and self-insured employee benefit plans in which the Employee is entitled to participate immediately prior to the Date of Termination; provided that the Employee's continued participation is possible under the general terms and provisions of such Plans (and any applicable funding media) and the Employee continues to pay an amount equal to Employee's regular contribution for such participation. In the event that the Employee participation in any such Plan is barred, the Company, at its sole cost and expense, shall arrange to have issued for the benefit of Employee and his dependents individual policies of insurance providing benefits substantially similar (on an after-tax basis) to those which the Employee would have been entitled to receive under such Plan or Plans pursuant to this Paragraph (e) if such participation were not barred or, if such insurance is not available at a reasonable cost to the Company, the Company shall otherwise provide the Employee and his dependents with equivalent benefits (on an after-tax basis) and the Employee shall not be required to pay any premiums or other charges in an amount greater than that which the Employee would have paid in order to participate in such Plans. If, at the end of a period of months after the Date of Termination equal to the Measuring Period, the Employee is not receiving equivalent benefits from a new employer, the Company shall arrange, at its sole cost and expense, to enable Employee to convert the Employee's and his dependents' coverage under such Plans to individual policies or programs upon the same terms as employees of the Company may apply for until the Employee is able to receive equivalent benefits from a source other than the Company.
Other Benefits. The Executive shall be entitled to all rights and benefits for which he shall be eligible under any benefit or other plans (including, without limitation, dental, medical, medical reimbursement and hospital plans, pension plans, employee stock purchase plans, profit sharing plans, bonus plans and other so-called “fringe” benefits) as the Company shall make available to its senior executives from time to time.
Other Benefits. During the Employment Term, Executive shall be entitled to participate in all employee benefit plans and programs made available to the Company’s senior level executives as a group or to its employees generally, as such plans or programs may be in effect from time to time (the “Benefit Coverages”), including, without limitation, medical, dental, hospitalization, short-term and long-term disability and life insurance plans, accidental death and dismemberment protection and travel accident insurance. Executive shall be provided office space and staff assistance appropriate for Executive’s position and adequate for the performance of his duties.
Other Benefits. During the Term, the Employee shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.