Benefits and Paid Time Off. During the Term, you will be eligible to participate in all incentive, savings and retirement plans, practices, policies and programs maintained or sponsored by the Company from time to time which are applicable to other similarly situated executives of the Company, subject to the terms and conditions thereof. During the Term, you will also be eligible for standard benefits, such as medical, vision and dental insurance, paid time off, and holidays to the extent applicable generally to other similarly situated executives of the Company, subject to the terms and conditions of the applicable Company plans or policies. The benefits described in this Section 6 will be subject to change from time to time as deemed appropriate and necessary by the Company.
Benefits and Paid Time Off. Executive shall be eligible to participate in any and all executive or employee benefits, including but not limited to any pension, equity incentive, health, welfare and fringe benefits Company maintains for its employees of similar tenure and grade, subject to and on a basis consistent with the terms of each such Plan or program and consistent with executives of similar tenure or grade. The Executive shall be entitled to paid time off in accordance with the Company’s employment policies addressing paid time off.
Benefits and Paid Time Off. You will be eligible to receive the Company’s standard employee benefits package. You will be eligible to accrue paid time off under the Company’s Vacation plan in the annual amount of 15 days. You will have 5 days of sick time available each year. You will also be eligible for paid holidays pursuant to Company policy. The schedule is published prior to the beginning of each calendar year.
Benefits and Paid Time Off. 20.1 All employees who maintain an average of thirty-two (32) hours a week of work (averaged over the previous four (4) weeks), who have completed three (3) months employment with the Employer, shall be entitled to participate in the Employer’s benefit plans and shall be enrolled on their three (3) month anniversary date.
20.2 The Employer and the Union agree to pay the following contributions towards covering an employee’s benefit premiums: • The Employer will pay 60% of benefit premiums, the employee will pay 40%. • If an employee opts out of the health and dental portion of the benefits, by showing proof of coverage under a different plan of insurance, the employee will pay 100% of the premium.
20.3 Employees shall be eligible to earn paid time off at the following rates: • Employees who have completed six (6) months of service but who have less than two
Benefits and Paid Time Off. Executive will be eligible for the Company’s standard executive-level employee benefits package, which is subject to change from time to time. All benefits are provided subject to and consistent with the terms and conditions, including eligibility requirements, of any such employee benefit plans. The Company shall not be liable to pay for or provide any benefits beyond those actually provided and paid for by such benefit plans/insurance schemes. The Company reserves the right to revise, modify and eliminate benefits at its sole and absolute discretion at any time.
Benefits and Paid Time Off. You will be eligible to participate in the various benefit plans the company offers from time to time, subject to eligibility and other provisions of those plans. Summaries of our current benefits are enclosed. Please understand that CoLucid provides no assurance as to the adoption or continuation of any particular employee benefit plan or program. You will be eligible for 120 hours of paid time off (PTO) annually. PTO will be granted and must be used in accordance with the company's PTO policy, a copy of which is enclosed.
Benefits and Paid Time Off. 20.1 All employees who maintain an average of thirty-two (32) hours a week of work (averaged over the previous four (4) weeks), who have completed three (3) months employment with the Employer, shall be entitled to participate in the Employer’s benefit plans and shall be enrolled on their three (3) month anniversary date.
20.2 The Employer and the Union agree to pay the following contributions towards covering an employee’s benefit premiums: • The Employer will pay 60% of benefit premiums, the employee will pay 40%. • If an employee opts out of the health and dental portion of the benefits, by showing proof of coverage under a different plan of insurance, the employee will pay 100% of the premium. Paid Time Off
20.3 Employees shall be eligible to earn paid time off at the following rates: • Employees who have completed six (6) months of service but who have less than two (2) of service will be eligible to earn twenty-four (24) hours of paid time off per year. • Employees who have completed two (2) years of service but who have less than five (5) years of service will be eligible to earn thirty-two (32) hours of paid time off per year. • Employees who have completed five (5) or more years of service will be eligible to earn forty (40) hours of paid time off per year.
20.4 Paid time off will be paid at an employee’s regular awake time rate of pay.
20.5 All paid time off hours must be used in accordance with the Employer policy and will not be paid out at the termination of employment. Paid time off hours shall not carry over into the following calendar year.
Benefits and Paid Time Off. The Executive is entitled to participate in the benefit plans adopted by the Company and in effect from time to time, to the extent that the Executive satisfies the eligibility requirements of such benefit plans, including participation in the 401(k) plan and the medical, disability, life and long-term disability insurance plans. The Executive is entitled to twenty (20) days annual paid time off (“PTO”) and all legal holidays observed by the Company, in each case, in accordance with the Company’s policies as in effect from time-to-time including, but not limited to, rules relating to the method of PTO accrual (such as by pay period, monthly or annually) and annual carry-over and forfeiture of unused PTO balances. All such benefit plans are subject to modification or termination at the sole discretion of the Company. Any non-covered medical expenses incurred by Executive in connection with an annual physical examination shall be reimbursed by the Company.
Benefits and Paid Time Off. During the term of the Employment Agreement, the Executive shall be eligible to participate in the Company's existing or future benefit plans, policies or arrangements maintained by the Company and made available to employees generally, as well as all such existing or future benefit plans, policies or arrangements maintained by the Company for the benefit of executives. Except as specifically provided for herein, no additional compensation under any such plan, policy or arrangement shall be deemed to modify or otherwise effect the terms of this Employment Agreement. The Executive shall be entitled to paid holidays and paid time off according to the Company's policy applicable to executives of the Company in effect from time to time.
Benefits and Paid Time Off. You and any of your eligible dependents will be eligible to participate in the Company’s group medical plan subject to any applicable waiting period (currently 90 days) and further subject to your required premium contribution to that plan. You are eligible to participate in the Company’s retirement savings plan after one (1) year of service, at which time we will automatically deduct your employee contribution to the plan, which will not be less than three percent (3%) from each of your paychecks for as long as you are a participant in the Plan. The Company will match 50% of the first six (6) percentage points of your contributions. Your signature will be required to opt out of the savings plan or to make any changes. Your and your dependents’ participation in the above mentioned plans will be subject to the terms and conditions of such plans (as they may be amended or terminated) as in effect from time to time and all applicable laws. As an employee of the company you will participate in the Paid Time Off (“PTO”) program and will have the potential to accrue hours based on your length of service with the company, but in no circumstance shall you be entitled to less than three (3) weeks of PTO per annum (pro-rated for any partial calendar years of employment).
