Benefits and Other Entitlements Sample Clauses

Benefits and Other Entitlements. ANNUAL VACATION --------------- 8.1 Employee will be entitled to 18 (eighteen) vacation days per annum. Employee shall request vacation by notice to VCI seven (7) business days in advance, if the vacation sought is for two (2) days or less, and thirty (30) business days in advance, if the vacation sought is for more than two (2) days. VCI will respond to vacation requests on a timely basis. For the sake of clarity, the parties stipulate that it is VCI's right to determine the timing of vacations, which VCI shall exercise by taking into consideration VCI's requirements, and to the extent possible, Employee's needs. In addition, the Employee shall be entitled to five (5) days of unpaid leave during each year of employment, which days shall not accumulate from year to year. 8.2 Employee may carry over to the next year a maximum of five accumulated vacation days. 8.3 In addition to the Employee's Base Salary and to any other benefits and entitlements hereunder, Employee shall be entitled to reimbursement for business expenses within the framework of the Employer's established advertising sales budget to be determined jointly between the Employer and the Employee. In the event the expense is outside of such budget, it shall be approved by the President in advance by signature upon an Expense Reimbursement Form. All expenses shall be submitted with a receipt in the name of VCI for such expense and delivered to such person as shall be designated by Employer. EMPLOYEE STOCK OPTION PLAN -------------------------- 8.4 In addition to the Employee's Base Salary and any other benefits and entitlements hereunder, Employee shall be issued an option to acquire up to 100,000 shares of Common Stock of Virtual Communities, Inc. under the Employer's Employee Stock Option Plan. The exercise price for Employee's options shall be $.81 per share. One third of such shares shall vest and be exercisable by the Employee on each of the first three anniversaries of the date hereof, with the first 33,333 shares becoming vested on March 1, 2000, assuming and based upon the Employee's continued employment by the Employee on the date such stock option vest. If the Employee is no longer employed by VCI on a vesting date, such options as may have otherwise vested on such date shall not vest. Options may be excercised for a period of five years from the date of grant of the Option provided that Employee remains an employee of the Employer at the time of exercise, or alternatively, for a perio...
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Benefits and Other Entitlements. During the Employment Term, the Company shall provide Executive with the right to participate in Company-sponsored employee benefit plans, programs and perquisites for which Executive is eligible, on the same basis (including co-payments, deductibles and premium sharing) as such benefits, programs and perquisites (if any) are generally available to other similarly situated employees of the Company. The Company may amend, modify or rescind any employee benefit plans, programs or perquisites and change employee contribution amounts or benefit costs without notice at its discretion, so long as any such amendment, modification, rescission or change applies to all similarly situated employees. Notwithstanding the foregoing, Executive’s benefits shall include reimbursement for tax preparation and an annual airline club membership. For the purposes of this subsection (d) and subsection (f) below of this Section 4, “similarly situated employees” shall mean principal executive officers or principal financial officers of the Company.
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Benefits and Other Entitlements 
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Related to Benefits and Other Entitlements

  • Parental leave and other entitlements An employee may in lieu of or in conjunction with parental leave, access any annual leave or long service leave entitlements which they have accrued subject to the total amount of leave not exceeding 52 weeks.

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Vacation and Other Leave During the Period of Employment, the Executive shall accrue and be entitled to take paid vacation in accordance with the Company’s vacation policies in effect from time to time, including the Company’s policies regarding vacation accruals; provided that the Executive’s rate of vacation accrual during the Period of Employment shall be no less than three (3) weeks per year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company.

  • Salary and Other Compensation As compensation for the services to be rendered by the Employee to the Company pursuant to this Agreement, the Employee shall be paid the following compensation and other benefits:

  • Servicing and Other Compensation The Servicer, as compensation for its activities hereunder, shall be entitled to receive, on or prior to each Distribution Date, the amounts provided for as the Servicing Fee and as reimbursement for Nonrecoverable Advances, Servicing Advances and reimbursement for Advances, all as specified by Section 5.09. The amount of compensation or reimbursement provided for shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. Additional servicing compensation in the form of assumption fees, prepayment fees and late payment charges shall be retained by the Servicer, to the extent permitted by applicable law. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including the fees and expenses of the Trustee and any Sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 5.09 and 5.21.

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx: (A) The fees set forth below with respect to the Placement: 1. A cash fee payable immediately upon the closing of the Placement and equal to 6% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee payable within 48 hours of (but only in the event of) the receipt by the Company within 12 months of the Closing Date of any proceeds from the exercise of the Warrants sold in the Placement that are solicited by the Placement Agent and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 5% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”), provided, however, the Warrant Solicitation Fee shall be reduced (before any reduction to the Xxxxxx Warrants described in the last sentence of Section A.2 below or any reduction to the expense reimbursement to Xxxxxx in Section B below) to the extent (and only to the extent) that Xxxxxx’x aggregate compensation for the Placement, as determined under FINRA Rule 5110, would otherwise exceed 8%. Such determination of the actual Warrant Solicitation Fee shall be made promptly following completion of the Placement and communicated in writing to the Company. 2. Such number of warrants (the “Xxxxxx Warrants”) to be issued to Xxxxxx or its designees at the Closing to purchase shares of Common Stock equal to 5% of the aggregate number of Shares sold in the Placement. The Xxxxxx Warrants shall have the same terms as the Warrants (if any) issued to the Purchasers in the Placement except that the exercise price shall be at least 125% of the public offering price per share, but in any event not less than the Warrant exercise price, and the expiration date shall be November 27, 2012. The Xxxxxx Warrants shall not have antidilution protections or be transferable for six months from the date of the Offering except as permitted by FINRA Rule 5110, and further, the number of Shares underlying the Xxxxxx Warrants shall be reduced if necessary to comply with FINRA rules or regulations. Such determination of the actual number of Shares underlying the Xxxxxx Warrants shall be made promptly following completion of the Placement and communicated in writing to the Company. (B) The Company also agrees to reimburse Xxxxxx’x expenses (with supporting invoices/receipts) up to a maximum of 0.8% of the aggregate gross proceeds raised in the placement, but in no event more than $30,000 and only in the event the Placement has been consummated. If payable, such reimbursement shall be paid immediately upon the closing of the Placement.

  • Improper and Other Payments (a) Neither the Company, any director, officer, employee thereof, nor any agent or representative of the Company nor any person acting on behalf of any of them, has made, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person or authority, (b) no contributions have been made, directly or indirectly, by the Company to a domestic or foreign political party or candidate; and (c) the internal accounting controls of the Company are believed by the Company’s management to be adequate to detect any of the foregoing under current circumstances.

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