ATVI » Topics » 6. Other Benefits

These excerpts taken from the ATVI 10-Q filed Nov 7, 2007.

6.             Other Benefits

 

(a)           During the Term you shall be entitled to participate in all health, welfare, retirement, pension, life insurance, disability and similar plans, programs and arrangements generally available to senior executives of the Employer, as amended from time to time.

 

(b)           During the Term, you will be entitled to participate in all perquisite programs generally available from time to time to senior executives of the Employer on the terms and conditions then prevailing under such programs.

 

(c)           The Employer will provide you during the Term, at the Employer’s expense, with a supplemental term life insurance policy with a benefit amount of $2,000,000 through a carrier of the Employer’s choice.

 

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(d)           You expressly agree and acknowledge that after the Expiration Date (or such earlier date on which your employment is terminated pursuant to Section 10), you are entitled to no additional benefits, except as specifically provided in this Agreement and the benefit plans in which you participate during the Term, and subject in each case to the terms and conditions of each such plan.

 

6.             Other Benefits

 

(a)           During the Term you shall be entitled to participate in all health, welfare, retirement, pension, life insurance, disability and similar plans, programs and arrangements generally available to senior executives of the Employer, as amended from time to time.

 

(b)           During the Term, you will be entitled to participate in all perquisite programs generally available from time to time to senior executives of the Employer on the terms and conditions then prevailing under such programs.

 

(c)           The Employer will provide you during the Term, at the Employer’s expense, with a supplemental term life insurance policy with a benefit amount of $2,000,000 through a carrier of the Employer’s choice.

 

(d)           You expressly agree and acknowledge that after the Expiration Date (or such earlier date on which your employment is terminated pursuant to Section 10), you are entitled to no additional benefits, except as specifically provided in this Agreement and the benefit plans in which you participate during the Term, and subject in each case to the terms and conditions of each such plan.

 

These excerpts taken from the ATVI 10-Q filed Jun 7, 2007.

6.              Other Benefits

You shall be entitled to those benefits which are standard for persons in similar positions with Employer, including coverage under Employer’s health, life insurance and disability plans, and eligibility to participate in Activision’s Employee Stock Purchase Plan and Employer’s 401(k) plan (with Employer matching your contributions to such 401K plan in accordance with Employer’s matching policy).  In addition to the foregoing benefits, Employer will provide you during the Employment Period, at Employer’s expense, with a supplemental term life insurance

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policy with a benefit amount of $2,000,000 through a carrier of Employer’s choice. Nothing paid to you under any such plans and arrangements (nor any bonus or stock options which Activision’s Board of Directors (or the Compensation Committee of such Board of Directors), in its sole and absolute discretion, shall provide to you) shall be deemed in lieu, or paid on account, of your Base Salary. You expressly agree and acknowledge that after the expiration or early termination of the term of your employment under this Agreement, you are entitled to no additional benefits, except as specifically provided: (a) by law; (b) in this Agreement; and/or (c) under benefit plans referred to above and those benefit plans in which you subsequently may become a participant, and subject in each case to the terms and conditions of each such plan.  Notwithstanding anything to the contrary set forth above, you shall be entitled to receive those benefits provided by COBRA or CAL-COBRA upon the expiration or earlier termination of this Agreement.  All benefits of every type referenced in Paragraph 6 are hereinafter referred collectively as “Benefits”.

6.             Other Benefits

You shall be entitled to those benefits which are standard for persons in similar positions with Employer, including coverage under Employer’s health, life insurance and disability plans, and eligibility to participate in Activision’s Employee Stock Purchase Plan and Employer’s 401(k) plan (with Employer matching your contributions to such 401K plan in accordance with Employer’s matching policy).  In addition to the foregoing benefits, Employer will provide you during the Employment Period, at Employer’s expense, with a supplemental term life insurance policy with a benefit amount of $2,000,000 through a carrier of Employer’s choice. Nothing paid to you under any such plans and arrangements (nor any bonus or stock options which Activision’s Board of Directors (or the Compensation Committee of such Board of Directors), in its sole and absolute discretion, shall provide to you) shall be deemed in lieu, or paid on account, of your Base Salary. You expressly agree and acknowledge that after the expiration or early termination of the term of your employment under this Agreement, you are entitled to no additional benefits, except as specifically provided in this Agreement and except as specifically provided under the benefit plans referred to above and those benefit plans in which you subsequently may become a participant, and subject in each case to the terms and conditions of each such plan.  Notwithstanding anything to the contrary set forth above, you shall be entitled to receive those benefits provided by COBRA or CAL-COBRA upon the expiration or earlier termination of this Agreement.

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