Benefits Perquisites and Expenses Sample Clauses

Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in employee benefit and fringe benefit plans and programs generally available to the executive officers of the Company and such additional benefits as the Board may from time to time provide. In addition, Executive shall be entitled to receive the personal benefits described on Exhibit A hereto. Executive shall be entitled to reimbursement for business expenses, including travel and entertainment; PROVIDED, that such reimbursement shall be limited to reasonable and necessary expenses incurred by Executive in connection with the performance of duties on behalf of the Company subject to: (i) timely submission of a properly executed Company expense report form accompanied by appropriate supporting documentation, and (ii) compliance with Company policies and procedures governing business expense reimbursement and reporting based upon principles and guidelines established by the Audit Committee of the Board, including periodic audits by the Internal Audit Department of the Company and/or the Audit Committee of the Board. Notwithstanding the foregoing, Executive shall in all events be entitled to reimbursement for travel expenses incurred in the performance of job duties commensurate with reimbursement policies generally available to similarly situated Vice Presidents.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in (1) each welfare benefit plan sponsored or maintained by the Company, including, without limitation, each life, hospitalization, medical, dental, health, accident or disability insurance or similar plan or program of the Company, and (2) each pension, profit sharing, retirement, deferred compensation or savings plan sponsored or maintained by the Company, in each case, whether now existing or established hereafter, to the extent that the Executive is eligible to participate in any such plan under the generally applicable provisions thereof. With respect to the pension or retirement benefits payable to the Executive, the Executive's service credited for purposes of determining the Executive's benefits and vesting shall be determined in accordance with the terms of the applicable plan or program. Nothing in this Section 3(c), in and of itself, shall be construed to limit the ability of the Company to amend or terminate any particular plan, program or arrangement. For the purposes of defining years of service, the Executive shall be given credit for his/her years of service with Genesis Health Ventures, Inc.
Sample 1Sample 2Sample 3See All (4)
Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in employee benefit and fringe benefit plans and programs generally available to the executive officers of the Company and such additional benefits as the Board may from time to time provide. In addition, Executive shall be entitled to receive the personal benefits described in Exhibit A hereto. Reimbursement for business expenses, including travel and entertainment, shall be limited to reasonable and necessary expenses incurred by Executive in connection with performance of duties on behalf of the Company subject to: (i) timely submission of a properly executed Company expense report form accompanied by appropriate supporting documentation, and (ii) compliance with Company policies and procedures governing business expense reimbursement and reporting based upon principles and guidelines established from time to time by the Audit Committee of the Board, including periodic audits by the Internal Audit Department of the Company and/or the Audit Committee.
Sample 1Sample 2
Benefits Perquisites and Expenses. During the Consulting Period, Consultant shall be entitled to the following benefits and perquisites: (a) Reimbursement for all reasonable and documented expenses incurred by Consultant in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to-such reimbursement. In addition to the foregoing, within 30 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $3,000,000, the Company shall reimburse Consultant for up to $7,041.75 of reasonable and documented legal expenses incurred by him in connection with his activities on behalf of Skeletech Incorporated prior to the Commencement Date. (b) Within 15 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $500,000, reimbursement of up to $2,500 of reasonable and documented legal fees incurred by Consultant in connection with the negotiation of this Agreement with the Company.
Sample 1
Benefits Perquisites and Expenses. During the Consulting Period, Consultant shall be entitled to the following benefits and perquisites: (a) Participation in the employee benefit plans of the Company, as they may be modified or added to from time to time, including, without limitation, plans providing retirement benefits, medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance, but only to the extent such benefits are not available to Consultant from his then current employer. (b) Reimbursement for all reasonable and documented expenses incurred by Consultant in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement. In addition to the foregoing, within 30 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $3,000,000, the Company shall reimburse Consultant for up to $14,005.00 of reasonable and documented expenses incurred by him in connection with his activities on behalf of the Company and Skeletech Incorporated prior to the Commencement Date. (c) Within 15 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $500,000, reimbursement of up to $2,500 of reasonable and documented legal fees incurred by Consultant in connection with the negotiation of this Agreement with the Company. (d) Commencing on the Financing Closing Date, life insurance on the life of Consultant in a face amount of $1,000,000 naming the Consultant or his designee(s) as the beneficiary of the proceeds of such policy. Consultant shall cooperate with the Company as may be necessary in connection with any application for such life insurance or any life insurance on the life of the Consultant naming the Company or its designees as the beneficiary.
Sample 1
Benefits Perquisites and Expenses. (a) During the Employment Period: (i) the Employee shall be entitled to participate in all savings and retirement plans, practices, policies and programs of the Employer and its affiliated companies which are made available to any other executive officers of the Employer and its affiliated companies; and (ii) the Employee and/or the Employee's family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Employer and its affiliated companies (including, without limitation, medical, prescription, dental, disability, life insurance, group life insurance, short- and long-term disability, accidental death and travel accident insurance plans and programs) which are made available to any other executive officers of the Employer and its affiliated companies. (b) During the Employment Period, the Employee shall be entitled to paid vacation in accordance with the Employer's practice and policies. The ability to carry forward vacation time shall be subject to the Employer's vacation policy applicable to executive officers of the Employer as in effect from time to time.
Sample 1
Benefits Perquisites and Expenses. During the term of employment, Employee and his dependents, and his beneficiaries to the extent provided in the Company's applicable benefit plan or program, shall be entitled to the following benefits and perquisites: (a) Participation in the employee benefit plans of the Company available to its employees generally, as they may be modified from time to time, including, without limitation, plans providing medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance. An accurate and complete listing of all such plans in effect as of the date hereof is attached hereto as Schedule 1. (b) During the term of employment commencing three (3) months following the Commencement Date, three (3) weeks of paid vacation in each calendar year during the term of employment accrued from the commencement date, plus such holidays, sick leave and other time off as are established by the policies of the Company. Unused days of vacation may be carried over to March 31 of the subsequent year and shall thereafter lapse for all time. (c) Reimbursement for all reasonable and documented expenses incurred by Employee in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement. (d) Participation in the employee 401(k) program, incentive stock option program and other such savings or incentive programs as may be offered to employees of a comparable position during the term of employment.
Sample 1
AutoNDA by SimpleDocs
Benefits Perquisites and Expenses. During the term of employment, Employee and his dependents, and his beneficiaries to the extent provided in the Company's applicable benefit plan or program, shall be entitled to the following benefits and perquisites: (a) Participation in the employee benefit plans of the Company available to its employees generally, as they may be modified from time to time, including, without limitation, plans providing medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance. An accurate and complete listing of all such plans in effect as of the date hereof is attached hereto as Schedule 1. (b) During the term of employment commencing three (3) months following the Commencement Date, three (3) weeks of paid vacation in each calendar year during the term of employment accrued from the commencement date, plus such holidays, sick leave and other time off as are established by the policies of the Company. Unused days of vacation may be carried over to March 31 of the subsequent year and shall thereafter lapse for all time. (c) Reimbursement for all reasonable and documented expenses incurred by Employee in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement. (d) Participation in the employee 401(k) program, incentive stock option program and other such savings or incentive programs as may be offered to employees of a comparable position during the term of employment. (e) Employee will be reimbursed for expenses associated with the relocation of household goods from Shaker Heights, Ohio to the Baltimore area and up to $3,000 for temporary housing in the Baltimore area prior to the permanent relocation. In the event that Employee relocates to Europe at the request of the Company, then the Company will reimburse the cost of such relocation.
Sample 1
Benefits Perquisites and Expenses 
Sample 1Sample 2Sample 3See All (225)

Related to Benefits Perquisites and Expenses

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Benefits; Expenses During the Term, the Company shall provide Executive and his dependents with medical insurance and such other cash and noncash benefits, on the same terms and conditions, as amended from time to time, as are generally made available by the Company to its full-time executive officers. Executive shall be entitled to four (4) weeks of paid vacation per year. The Company shall pay, or reimburse Executive for, all business expenses incurred by Executive which are related to the performance of Executive's duties, subject to timely submission by Executive of payment or reimbursement requests and appropriate documentation, in accordance with the Company’s reimbursement policies.

  • Benefits and Expenses The Company shall reimburse Director for reasonable out-of-pocket expenses incurred in connection with discharging his duties as a Board member. Any additional expenses shall be pre-approved by the President or CFO of the Company and will be reimbursed subject to receiving reasonable substantiating documentation relating to such expenses.

  • Employee Benefits; Expenses The Employee shall be eligible to participate in any fringe benefits which may be or may become applicable to the Bank's senior management employees, including by example, participation in any stock option or incentive plans adopted by the Board of Directors of Bank or Parent, club memberships, a reasonable expense account, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Employee under this Agreement. The Bank shall reimburse Employee for all reasonable out-of-pocket expenses which Employee shall incur in connection with his service for the Bank.

  • Business Expenses and Perquisites Upon delivery of adequate documentation of expenses incurred in accordance with the policies and practices of the Company, Executive shall be entitled to reimbursement by the Company for reasonable travel, entertainment and other business expenses incurred by Executive in the performance of Executive’s duties hereunder in accordance with such policies as the Company may from time to time have in effect.

  • Expenses and Fringe Benefits During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Employer in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control, PROVIDED, HOWEVER, that if the deduction by Employer for federal income tax purposes of any expense which is incurred by Executive and reimbursed to Executive by Employer is disallowed as a result of not being an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code, then Executive shall repay the amount of such reimbursed expense to Employer; AND FURTHER PROVIDED that, notwithstanding the foregoing clause of this sentence, Executive shall not be obligated to repay to Employer any business expense incurred by him and reimbursed to him by the Bank the deductibility of which is prohibited or limited by the application of a specific statutory, regulatory or administrative principle, and which would otherwise be deductible to Employer as an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code. Executive consents to the withholding by Employer of any such amount from that paycheck of Executive which immediately succeeds the final disallowance by the Internal Revenue Service of the deduction of such reimbursed expense, but only if the withholding of such amount would not violate applicable wage and hour laws. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Employer, as such existed immediately prior to the Change in Control. During the Contract Period the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefits enjoyed, from time to time, by executive officers of the Employer, all upon terms as favorable as those enjoyed by other executive officers of the Employer. Notwithstanding anything in this section to the contrary, if Employer adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Employer, and such policy is uniformly applied to all executive officers of Employer, then no such change in policy shall be deemed to be a violation of this provision.

  • Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive. (b) Executive will be entitled to participate in and receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank currently or in the future to its senior executives and key management employees. Executive will be entitled to participate in any incentive compensation and bonus plans offered by the Bank in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Bank shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Bank shall reimburse Executive for his ordinary and necessary business expenses including, without limitation, fees for memberships in such clubs and organizations as Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

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