Common use of Other Employee Benefit Programs Clause in Contracts

Other Employee Benefit Programs. (a) During the Term, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs made available to the Company’s senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, pension, profit sharing, savings and other retirement plans or programs, medical, dental, hospitalization, short-term and long-term disability and life insurance plans, accidental death and dismemberment protection, travel accident insurance, and any other pension or retirement plans or programs and any other employee welfare benefit plans or programs that may be sponsored by the Company from time to time, including any plans that supplement the above-listed types of plans or programs, whether funded or unfunded, but excluding any plans providing for severance. (b) The Executive shall be entitled to 4 weeks paid vacation per year to be taken in accordance with the Company vacation policy.