Common use of Benefits; Expenses Clause in Contracts

Benefits; Expenses. (a) During the Term, Feltheimer shall be eligible for all employee benefits (including health insurance and 401(k) or other retirement plans) per Lions Gate’s standard benefit program on terms not less favorable than those provided generally to other senior executives of Lions Gate. Feltheimer shall be entitled to take paid time off without a reduction in salary, subject to the demands and requirements of Feltheimer’s duties and responsibilities under this Agreement. Feltheimer shall not accrue any vacation. (b) During the Term, Lions Gate shall, consistent with its normal practice, promptly reimburse Feltheimer for all travel, entertainment and other reasonable business expenses incurred by him in promoting the business of Lions Gate. In addition to the benefits provided in Section 7(a), Feltheimer shall be entitled to benefits commensurate with his position as Chief Executive Officer of a publicly held company in the entertainment industry. Without limiting the foregoing, Feltheimer shall be permitted to use Lions Gate’s private plane on terms consistent with past practice and entitled to payment by Lions Gate of reasonable club membership dues. (c) During the Term, Lions Gate shall provide Feltheimer with life and disability insurance policies providing Feltheimer (or his estate, as applicable) with US$2,000,000 in benefits. Feltheimer shall reasonably cooperate with Lions Gate in fulfilling its obligations to provide such policies. (d) Notwithstanding the foregoing, nothing contained in this Agreement shall obligate Lions Gate to adopt or implement any benefits, or prevent or limit Lions Gate from making any blanket amendments, changes, or modifications of the eligibility requirements or any other provisions of, or terminating, in its entirety, any benefit at any time, and Feltheimer’s participation in or entitlement under any such benefit shall at all times be subject in all respects thereto; provided, however, that Feltheimer shall be treated no less favorably than other senior executives of Lions Gate generally.

Appears in 2 contracts

Samples: Employment Agreement (Lions Gate Entertainment Corp /Cn/), Employment Agreement (Lions Gate Entertainment Corp /Cn/)

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Benefits; Expenses. (a) During the Term, Feltheimer shall be eligible for all employee benefits (including health insurance and 401(k) or other retirement plans) per Lions Gate’s standard benefit program on terms not less favorable than those provided generally to other senior executives of Lions Gate. Feltheimer Xxxxxxxxxx shall be entitled to take paid time off without a reduction in salary, subject to the demands and requirements of FeltheimerXxxxxxxxxx’s duties and responsibilities under this Agreement. Feltheimer shall not accrue any vacation. (b) During the Term, Lions Gate shall, consistent with its normal practice, promptly reimburse Feltheimer for all travel, entertainment and other reasonable business expenses incurred by him in promoting the business of Lions Gate. In . (c) During the Term, in addition to the benefits provided in Section 7(a), Feltheimer shall be entitled to benefits commensurate with his position as Chief Executive Officer of a publicly held company in the entertainment industry. Without limiting the foregoing, Feltheimer shall be permitted to use Lions Gate’s private plane on terms consistent with past practice and entitled to payment by Lions Gate of reasonable club membership dues. (cd) During the Term, Lions Gate shall provide Feltheimer with life and disability insurance policies providing Feltheimer (or his estate, as applicable) with US$2,000,000 in benefits. Feltheimer shall reasonably cooperate with Lions Gate in fulfilling its obligations to provide such policies. (de) Notwithstanding the foregoingforegoing and except with respect to Section 7(c) and 7(d), nothing contained in this Agreement shall obligate Lions Gate to adopt or implement any benefits, or prevent or limit Lions Gate from making any blanket amendments, changes, or modifications of the eligibility requirements or any other provisions of, or terminating, in its entirety, any benefit at any time, and Feltheimer’s participation in or entitlement under any such benefit shall at all times be subject in all respects thereto; provided, however, that Feltheimer shall be treated no less favorably than other senior executives of Lions Gate generally.

Appears in 1 contract

Samples: Employment Agreement (Lionsgate Studios Corp.)

Benefits; Expenses. (a) During the Term, Feltheimer Xxxxx shall be eligible for all employee benefits (including health insurance and 401(k) or other retirement plans) per Lions Gate’s standard benefit program on terms not less favorable than those provided generally to other senior executives of Lions Gate. Feltheimer Xxxxx shall be entitled to take paid time off without a reduction in salary, subject to the demands and requirements of Feltheimer’s Xxxxx’ duties and responsibilities under this Agreement. Feltheimer Xxxxx shall not accrue any vacation. (b) During the Term, Lions Gate shall, consistent with its normal practice, promptly reimburse Feltheimer Xxxxx for all travel, entertainment and other reasonable business expenses incurred by him in promoting the business of Lions Gate. In addition to the benefits provided in Section 7(a), Feltheimer Xxxxx shall be entitled to: (i) business class travel for flights in excess of four (4) hours, (ii) all customary perquisites provided to benefits commensurate with his position as Chief Executive Officer senior executives of Lions Gate generally, (iii) a publicly held company in the entertainment industrycell phone, which may be expensed, and, (iv) a reserved parking space. Without limiting the foregoing, Feltheimer Xxxxx shall be permitted to use Lions Gate’s private plane on terms consistent with past practice and for twenty (20) hours per year at the same rate as negotiated by Lions Gate’s Chief Executive Officer, reimbursing Lions Gate for the total number of hours used in the same manner as Lions Gate’s Chief Executive Officer. In addition, Xxxxx shall be entitled to payment by Lions Gate a car allowance of reasonable club membership duesUS$1,111 per month. (c) During the Term, Lions Gate shall provide Feltheimer Xxxxx with life and disability insurance policies providing Feltheimer Xxxxx (or his estate, as applicable) with US$2,000,000 in benefits. Feltheimer Xxxxx shall reasonably cooperate with Lions Gate in fulfilling its obligations to provide such policies. (d) Notwithstanding the foregoing, nothing contained in this Agreement shall obligate Lions Gate to adopt or implement any benefits, or prevent or limit Lions Gate from making any blanket amendments, changes, or modifications of the eligibility requirements or any other provisions of, or terminating, in its entirety, any benefit at any time, and Feltheimer’s Xxxxx’ participation in or entitlement under any such benefit shall at all times be subject in all respects thereto; provided, however, that Feltheimer Xxxxx shall be treated no less favorably than other senior executives of Lions Gate generally.

Appears in 1 contract

Samples: Employment Agreement (Lions Gate Entertainment Corp /Cn/)

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Benefits; Expenses. (a) During the Term, Feltheimer Xxxxx shall be eligible for all employee benefits (including health insurance and 401(k) or other retirement plans) per Lions Gate’s 's standard benefit program on terms not less favorable than those provided generally to other senior executives of for an employee employed by Lions GateGate at Xxxxx' level. Feltheimer Xxxxx shall be entitled to take paid time off without a reduction in salary, subject to the demands and requirements of Feltheimer’s Xxxxx' duties and responsibilities under this Agreement. Feltheimer Xxxxx shall not accrue any vacation. (b) During the Term, Lions Gate shall, consistent with its normal practice, promptly reimburse Feltheimer Xxxxx for all travel, entertainment and other reasonable business expenses incurred by him in promoting the business of Lions Gate. In addition to the benefits provided in Section 7(a)addition, Feltheimer Xxxxx shall be entitled to benefits commensurate with his position as Chief Executive Officer (i) business class travel for flights in excess of four (4) hours, (ii) all customary perquisites provided to senior executives of Lions Gate generally, (iii) a publicly held company in the entertainment industrycell phone, which may be expensed, and (iv) a reserved parking space. Without limiting the foregoing, Feltheimer Xxxxx shall be permitted to use Lions Gate’s 's private plane on terms consistent with past practice and for twenty (20) hours per year at the same rate as negotiated by Lions Gate's Chief Executive Officer, reimbursing Lions Gate for the total number of hours used in the same manner as Lions Gate's Chief Executive Officer. In addition, Xxxxx shall be entitled to payment by Lions Gate a car allowance of reasonable club membership duesUS$1,111 per month. (c) During the Term, Lions Gate shall provide Feltheimer Xxxxx with life and disability insurance policies providing Feltheimer Xxxxx (or his estate, as applicable) with US$2,000,000 in benefits. Feltheimer Xxxxx shall reasonably cooperate with Lions Gate in fulfilling its obligations to provide such policies. (d) Notwithstanding the foregoing, nothing contained in this Agreement shall obligate Lions Gate to adopt or implement any benefits, or prevent or limit Lions Gate from making any blanket amendments, changes, or modifications of the eligibility requirements or any other provisions of, or terminating, in its entirety, any benefit at any time, and Feltheimer’s Xxxxx' participation in or entitlement under any such benefit shall at all times be subject in all respects thereto; provided, however, that Feltheimer Xxxxx shall be treated no less favorably than other senior executives of Lions Gate generally.

Appears in 1 contract

Samples: Employment Agreement (Lions Gate Entertainment Corp /Cn/)

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