Benefits A. General Benefits During the Term, Pine Valley Coal will make available to the Executive insured benefit plans and other employee benefits consistent with the policies of Pine Valley Coal customarily applicable to senior executives of Pine Valley Coal (the "Benefits") and Pine Valley Coal will make monthly Superannuation contributions to the account of the Executive equal 13% of the gross monthly Post-Acquisition Milestone Salary (the "Superannuation Plan"). Subject to the specific terms and conditions enumerated in this Agreement and the employment laws applicable to the Executive's employment by Pine Valley Coal, the terms and conditions of Benefits and Superannuation Plan will be determined by the plans or policies from time to time established or purchased by Pine Valley Coal, and Pine Valley Coal retains the right to establish new Benefits or a new Superannuation Plan and to modify or alter any Benefits and the Superannuation Plan from time to time and at any time in its sole discretion.
Benefits A. .) Holidays: The Executive will be entitled to at least nine (9) paid holidays each calendar year and twelve (12) personal days. The Company will notify the Executive on or about the beginning of each calendar year with respect to the holiday schedule for the coming year. Personal holidays, if any, will be scheduled in advance subject to the requirements of the Company. Such holidays must be taken during the calendar year and unused days shall not carry forward into the next year.
Benefits A. The Company shall pay for or provide Moore such vacation time and benefits, incxxxxxg but not limited to, coverage under Company's major medical, accident, health, dental, disability and life insurance plans, as are made available to other executive employees of Company generally (and, to the extent provided by such policies, to Moore's dependents). X. The Company agrees to promptly reimburse Moore for any otherwise unreimbursed pxxxxxms and/or uncovered medical expenses up to $10,000 per calendar year under a written medical reimbursement plan maintained for Moore and other key executive employees. Ix xxxh payments are taxable to Moore, the Company shall pay Moore a gross-ux xxxal to the estimated incxxx, FICA and Medicare taxes due with respect to such reimbursement, with federal and state income taxes being estimated at the highest marginal rates. C. Moore shall be eligible to participate xx xxx xxxfit sharing plan, employee stock ownership plan or other qualified retirement plan adopted by Company to the same extent as other executive employees of Company. Moore shall also be eligible to participate xx xny stock option, stock appreciation rights or stock purchase plans or programs or nonqualified deferred compensation arrangements of Company, which participation shall be at levels as may be determined appropriate by the Compensation Committee of the Board of Directors. 7.
Benefits A
