Common use of Benefits and Other Rights Clause in Contracts

Benefits and Other Rights. (a) The Company will provide Executive with cash advances for or reimbursement of all reasonable out-of-pocket business expenses incurred by Executive in connection with his employment hereunder. Such reimbursement, which in all cases will be made no later than sixty (60) days after Executive incurs the expense, is conditioned upon Executive adhering to any and all reasonable policies established by Company from time to time with respect to such reimbursements or advances, including, but not limited to, a requirement that Executive submit supporting evidence of any such expenses to the Company. (b) The Company will provide Executive and his family with the opportunity to receive group medical coverage under the terms of the Company’s health insurance plan. In addition, Executive and his eligible dependents shall be eligible to participate in all other employee benefit programs applicable to the Company’s senior executives generally (including, but not limited to, those set forth on Exhibit A attached hereto, during the period of eighteen (18) months following the Effective Time, to the extent that Executive is eligible to participate in the programs described therein as of the date hereof). (c) During the Term, Executive shall be entitled to an aggregate of thirty-five (35) days of paid time off (i.e., paid vacation and paid personal days) and eight (8) days of federal holidays. Unused paid time off shall not be carried over from one year to the next.