Base Salary and Benefit Plan Participation. During the periods from the Effective Date until the Transition Date and during any Transition Period, the Executive will (i) receive his base salary as in effect on the Effective Date and (ii) participate in the Company’s retirement and welfare benefit plans, perquisite programs, expense reimbursement and vacation policies, as such plans, programs and policies may be in effect from time to time (collectively, the “Plans”).
Base Salary and Benefit Plan Participation. Until the Separation Date, the Executive will (i) receive his base salary as in effect on the Effective Date and (ii) participate in the Company’s retirement and welfare benefit plans, perquisite programs, expense reimbursement and vacation policies, as such plans, programs and policies may be in effect from time to time (collectively, the “Plans”). For any expense reimbursement requests the Executive does not submit via the TriNet Expense site before the Separation Date, within 10 calendar days of the Separation Date, the Executive shall submit them via email to Xxxxxxx.xxxxxx@xxxxxx.xxx, for review/approval by the CEO, with a spreadsheet documenting the final expense reimbursement request for expenses incurred through the Separation Date. For each expense, the Executive shall provide the merchant’s name, expense type, expense amount, client, attendee(s), and relevant notes, and the Executive shall include all relevant receipts with the email. The final expense request shall be reviewed for accuracy and policy compliance and processed in accordance with TriNet’s regular practice. The Executive shall receive any reimbursement owed by check sent to his last known mailing address.
Base Salary and Benefit Plan Participation. Executive will (i) receive his base salary as in effect on the Effective Date during the Transition Period, paid in monthly installments commencing August 2023 subject to the Company’s payroll cycle including full base salary for the month of December 2023, (ii) continue to participate in all health and welfare benefit plans in which Executive is enrolled as of the Effective Date. Except as otherwise provided herein, as of the Effective Date, Executive shall not be eligible to contribute to the Company’s nonqualified deferred compensation plan and shall not be eligible for any new equity grants or awards. Executive’s final paycheck will include all unpaid wages up to and including Executive’s actual Separation Date. The payment of any accrued or unused paid time-off benefits will be subject to Company policy. Executive’s enrollment in Company provided health benefits will terminate as of the Separation Date. Thereafter, Executive may elect to continue coverage that is in force as of the Separation Date under the Valmont group health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). All other Company-sponsored benefits will cease as of the Separation Date, irrespective of Executive’s execution of this Agreement.
Base Salary and Benefit Plan Participation. Simon shall receive a base salary at a rate of $100,000.00 per annum, which shall be paid in accordance with the customary payroll practices of the Company and shall be pro-rated for partial years of employment. Simon shall not receive any additional salary for any days worked over five (5) days (as referenced in Section 1(a)) in a given month, unless and until Simon works more than ten (10) days in a given month at which point Simon shall be entitled his prorated daily salary for each day over five (5) days in said month. Simon shall be eligible to participate in employee benefit plans, programs and arrangements of the Company (including medical, dental, vision, life insurance, disability insurance and defined contribution 401(k) plan), subject to and consistent with the terms thereof and as such plans, programs and arrangements may be amended from time to time; provided, however, Simon shall not be entitled to participate in any severance or bonus program of the Company.
Base Salary and Benefit Plan Participation. During the Transition Period, the Executive will continue to receive his base salary as in effect on the Effective Date and participate in the Company’s employee benefit plans and programs, including eligibility to receive year-end matching and profit sharing contributions under the Company’s 401(k) plan and related deferred compensation plan.
Base Salary and Benefit Plan Participation. During the Transition Period, the Executive will continue to receive his base salary as in effect on the Effective Date and participate in the Company’s employee benefit plans and programs, including eligibility to receive year-end matching and profit sharing contributions under the Company’s 401(k) plan and related deferred compensation plan.
