Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive’s duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time. (b) During the Term, the Executive shall be entitled to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan. (c) During the Term, the Executive shall be eligible to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target bonus of 150% of the Base Salary (the “Target Bonus Opportunity”). Bonus(es) shall be subject to the Executive’s individual performance and satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March 15th of the following year. (d) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
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Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)
Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive him in carrying out the Executive’s his duties under this Agreement; , provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled eligible to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s target annual bonus opportunity shall be 250% of the Executive’s Base Salary (the “Bonus”), if any, ; provided that such target annual bonus opportunity shall not be applicable to any Bonus paid to the Executive for calendar year 2018. The amount of any Bonus paid to the Executive for calendar year 2018 shall be determined annually by the CEO, or Board in its sole discretion. Bonus(es) will be subject to the Executive’s individual performance and satisfaction of objectives established by the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target bonus of 150% of the Base Salary (the “Target Bonus Opportunity”). Bonus(es) shall be subject to the Executive’s individual performance and satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of negative discretion by to reduce Bonus(es) as determined in the CEO and review and approval by sole discretion of the Compensation Committee. Bonus(es)The Bonus for a year, if any, shall be paid in the form of cash and shall and, unless prohibited by law, will be paid during the following year by March 15th of the such following year.
(d) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
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Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive’s duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled eligible to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target annual bonus opportunity of 150% of the Executive’s Base Salary (as in effect for the “Target applicable portion of the Term; provided that the Executive shall not be eligible for any Bonus Opportunity”)for the 2024 calendar year. Bonus(es) shall be subject to the Executive’s individual performance and performance, satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. If the Term expires on the Term End Date, any Bonus earned in respect of the 2027 calendar year will be calculated based on the Executive’s and the Company's performance during the full 2027 calendar year, pro-rated to reflect the number of days the Executive was employed by the Company and Holdings from January 1, 2027 through the Term End Date (such amount, if any, the “2027 Pro-Rata Bonus”). For the avoidance of doubt, there shall be no duplication of benefits between any 2027 Pro-Rata Bonus and any amount contemplated under Section 6(f)(ii)(B) of this Agreement. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March 15th of the following year.
(d) Within thirty (30) days of the Effective Date, the Company shall pay the Executive a one-time cash sign-on bonus of $700,000 (the “Sign-on Bonus”). If, during the first year of the Term, the Executive’s employment is terminated by the Company for Cause (as defined below), or if the Executive voluntarily terminates the Executive’s employment (other than for Good Reason (as defined below)), then the Executive shall repay to the Company within thirty (30) days of the Executive’s termination date the full amount of the Sign-on Bonus.
(e) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
(f) The Company will provide relocation assistance or reimburse reasonable relocation expenses for the Executive’s relocation to New York, including but not limited to packing, moving, shipping of goods and vehicles, airfare and temporary living expenses for up to twenty-one (21) days in the New York area, in an amount not to exceed in the aggregate $50,000 (collectively, the “Relocation Expenses”). The reimbursement of any Relocation Expenses shall be subject to presentation of receipts and other evidence by the Executive. If the Executive terminates his employment for other than Good Reason (as defined below) prior to the Term End Date, then the Executive shall promptly repay the Relocation Expenses to the Company.
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Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive’s duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled eligible to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible entitled to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target annual bonus opportunity of 150200% of the Executive’s Base Salary (as in effect for the “Target Bonus Opportunity”)applicable portion of the Term. Bonus(es) shall be subject to the Executive’s individual performance and performance, satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. If the Term expires on the Term End Date, any Bonus earned in respect of the 2027 calendar year will be calculated based on the Executive’s and the Company's performance during the full 2027 calendar year, pro-rated to reflect the number of days the Executive was employed by the Company and Holdings from January 1, 2027 through May 24, 2027 (such amount, if any, the “2027 Pro-Rata Bonus”). For the avoidance of doubt, there shall be no duplication of benefits between any 2027 Pro-Rata Bonus and any amount contemplated under Section 6(f)(ii)(B) of this Agreement. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March 15th of the following year.
(d) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
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Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive her in carrying out the Executive’s her duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled eligible to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible entitled to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target bonus Bonus opportunity of 150300% of the Base Salary as in effect for the applicable portion of the Term, which shall be subject to increase (but not decrease) in the “Target Bonus Opportunity”)discretion of the Compensation Committee from time to time. Bonus(es) shall be subject to the Executive’s individual performance and and/or satisfaction of objectives established by the CEO or the Board or the Compensation CommitteeCommittee (which goals and objectives shall be communicated to the Executive in writing no later than March 31st of the year to which the Bonus relates), and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. Bonus(es)The Executive’s Bonus for a year, if any, shall be paid in the form of cash and shall will be paid by March 15th of the following year.
(d) During the Term, the Executive Company shall be entitled provide a car and driver for the Executive’s use for travel to accrue vacation under and from her home to the Company’s policy at offices in New York, New York, or reimburse the Executive for up to $2,000 per month to cover the costs of a rate of not less than four car and driver or other travel-related expenses (4such as parking if the Executive drives her own car) weeks per yearassociated with travel to and from her home to the Company’s offices in New York, New York (in accordance with Section 5(a)).
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Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive’s duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings; provided that the Executive shall not be entitled to any bonus for calendar year 2025. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target bonus of 150% of the Base Salary (the “Target Bonus Opportunity”). Bonus(es) shall be subject to the Executive’s individual performance and satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March 15th of the following year.
(d) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
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Additional Compensation; Expenses and Benefits. (a) During the Term, the Company shall reimburse the Executive for all reasonable and necessary business expenses incurred and advanced by the Executive in carrying out the Executive’s duties under this Agreement; provided that such expenses are incurred in accordance with the policies and procedures established by the Company. The Executive shall present to the Company an itemized account of all expenses in such form as may be required by the Company from time to time.
(b) During the Term, the Executive shall be entitled to participate fully in any other benefit plans, programs, policies and fringe benefits which may be made available to the executive officers of the Company and/or Holdings generally, including, without limitation, disability, medical, dental and life insurance and benefits under the Company’s and/or Holdings’ 401(k) savings plan and deferred compensation plan.
(c) During the Term, the Executive shall be eligible to participate in any bonus plans generally offered to executive officers of the Company and/or Holdings. The Executive’s annual bonus (the “Bonus”), if any, shall be determined annually by the CEO, or the Board or the compensation committee of the Board (the “Compensation Committee”). During the Term, the Executive shall have a target bonus opportunity of 150125% of the Base Salary (the “Target Bonus Opportunity”)Salary. Bonus(es) shall be subject to the Executive’s individual performance and satisfaction of objectives established by the CEO or the Board or the Compensation Committee, and further are subject to the exercise of discretion by the CEO and review and approval by the Compensation Committee. Bonus(es), if any, shall be paid in the form of cash and shall be paid by March 15th of the following year.
(d) During the Term, the Executive shall be entitled to accrue vacation under the Company’s policy at a rate of not less than four (4) weeks per year.
(e) During the Term and commencing with the 2024 calendar year, the Executive shall be eligible for annual equity grants as determined by the Compensation Committee in its sole discretion.
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