Common use of Benefits and Vacation Clause in Contracts

Benefits and Vacation. The Executive shall be eligible to participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive may accumulate up to one and one-half times his annual vacation accrual rate at any one time. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his employment for any reason.

Appears in 6 contracts

Samples: Employment Agreement (Air Methods Corp), Employment Agreement (Air Methods Corp), Employment Agreement (Air Methods Corp)

AutoNDA by SimpleDocs

Benefits and Vacation. The Executive shall be eligible to ----------------------- participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive may accumulate up to one and one-half times his annual vacation accrual rate at any one time. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his employment for any reason.

Appears in 1 contract

Samples: Employment Agreement (Air Methods Corp)

Benefits and Vacation. The Executive shall be eligible to --------------------- participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive may accumulate up to one and one-half times his annual vacation accrual rate at any one time. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his employment for any reason.

Appears in 1 contract

Samples: Employment Agreement (Air Methods Corp)

Benefits and Vacation. The Executive shall be eligible to participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive may accumulate up to one and one-half times his her annual vacation accrual rate at any one time. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his her employment for any reason.

Appears in 1 contract

Samples: Employment Agreement (Air Methods Corp)

AutoNDA by SimpleDocs

Benefits and Vacation. The Executive shall be eligible ----------------------- to participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive may accumulate up to one and one-half times his annual vacation accrual rate at any one time. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his employment for any reason.

Appears in 1 contract

Samples: Employment Agreement (Air Methods Corp)

Benefits and Vacation. The Executive shall be eligible to ----------------------- participate in such insurance programs (health, disability, or life) or such other health, dental, retirement, or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to four (4) weeks of paid vacation per year. The Executive Vacation time may accumulate up to be accumulated for one (1) year beyond the year for which it is accrued and one-half times his annual used any time during such year, but any vacation accrual rate at any one timetime not used during such additional year shall be forfeited. The value of any unforfeited, accrued but unused vacation time shall be paid in cash to the Executive upon termination of his employment for any reason.

Appears in 1 contract

Samples: Employment Agreement (Air Methods Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!