Common use of Benefits and Other Rights Clause in Contracts

Benefits and Other Rights. In consideration for Executive's performance under this Agreement, the Company shall provide to Executive the following benefits: (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, however, 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) To the extent from time-to-time provided by the Company to employees of the Company at the same level as Executive, either (i) a car allowance or (ii) a company car, gasoline charge card and car maintenance plan. Executive acknowledges that the Company may in its discretion change its policies for these purposes including, without limitation, ceasing to provide the benefits set forth in this paragraph. (c) 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, but subject to completion of normal waiting periods. During any such waiting period, the Company will pay, or reimburse Executive for, the cost of COBRA coverage for Executive and his family under his prior health plan. (d) During the Term the Executive shall be entitled to fifteen (15) days paid vacation, it being understood and agreed that unused vacation shall not be carried over from one year to the next. In addition, Executive shall be entitled to eight (8) paid holidays and four (4) paid personal days off.

Benefits and Other Rights. In consideration for Executive's ’s performance under this Agreement, the Company shall provide to Executive the following benefits: (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, however, 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) To the extent from time-to-time provided by the Company to employees of the Company at the same level as Executive, either (i) a car allowance or (ii) a company car, gasoline charge card and car maintenance plan. Executive acknowledges that the Company may in its discretion change its policies for these purposes including, without limitation, ceasing to provide the benefits set forth in this paragraph. (c) The Company will provide Executive and his family with the opportunity to receive group medical coverage under the terms of the Company's ’s health insurance plan, but subject to completion of normal waiting periods. During any such waiting period, the Company will pay, or reimburse Executive for, the cost of COBRA coverage for Executive and his family under his prior health plan. (d) During the Term the Executive shall be entitled to fifteen (15) days paid vacation, it being understood and agreed that unused vacation shall not be carried over from one year to the next. In addition, Executive shall be entitled to eight (8) paid holidays and four (4) paid personal days off.