Company provides its executives certain employee benefit plans and fringe benefits. Company reserves the right to amend, modify or terminate any of these plans and benefits. You will be entitled to whatever benefits may be provided to you in accordance with the terms of these plans and benefits, as amended from time to time.
During the term of employment, the Executive shall be entitled to participate in all employee benefit plans and programs made available to the Company’s senior executives or to its employees generally, as such plans are programs may be in effect from time to time, including, without limitation, pension and other retirement plans, profit sharing plans, savings and similar plans, individual or group life insurance, accidental death and dismemberment insurance, surgical insurance, major and access major medical insurance, dental insurance, short term and long term disability insurance, sick leave (including salary continuation arrangements), holidays and any other employee benefit plans are programs that may be sponsored by the company from time to time, including any plans to supplement the above listed types of plans, whether funded or unfunded.
Effective Agreement on Other Benefits. The existence of this agreement shall not prohibit or restrict the executive’s entitlement to full participation in the executive compensation, employee benefit and other plans or programs in which senior executives of the company are eligible to participate.
Executive shall be included in all plans now existing or hereafter adopted for the general benefit of company employees, subject to the provision of such plans as the same may be in effect from time to time. Executive shall also be eligible to participate in any other company benefit plans in which participation is limited to executives impositions comparable to or lesser than executives. Since plans in this latter category are administered under procedures that are not subject to a contractual arrangement, eligibility for consideration is no guarantee of actual participation because the discretion of the Board of Directors of company, Or That of the Appropriate Committee of Such Board, in granting participation, is absolute to the extent executive participate in any benefit plan, such participation shall be based upon executives base salary, unless otherwise indicated in the plan document.