Certain Fringe Benefits Sample Clauses

Certain Fringe Benefits. During the period of his employment hereunder, the Company will (i) provide Employee with the use of a new American-made automobile of Employee's choice (and replace such automobile every two years or 50,000 miles, whichever first occurs), maintained, insured, and equipped at the Company's expense (subject to a $50.00 per month charge to Employee for personal use of the automobile); (ii) subject to Employee's insurability, obtain and pay the premiums on a whole life policy on Employee's life in the amount of $1,500,000, which policy shall be owned by Employee; and (iii) pay or reimburse to Employee 100% of the dues, fees (but not the initiation fees), assessments and minimums at one golf club of which Employee is presently a member.
Sample 1
AutoNDA by SimpleDocs
Certain Fringe Benefits. During the term of Employment: (a) Approximately every three years, the Company, at its expense, shall furnish (unless any affiliate of the Company has furnished) Employee with an automobile, of a make and model commensurate with his position, for his use. The Company shall maintain such automobile at its own expense. On or before the Termination Date Employee shall have the right to purchase the automobile at its Wholesale Kellx Xxxe Book value on the date of such purchase (provided that Employee shall not have such right on a Termination Date that results from termination by the Company pursuant to Section 10(d) hereof), and if such purchase occurs during the Term of Employment, the Company shall replace such automobile with a new automobile, of a make and model commensurate with the Employee's position, for his use. (b) In addition, Employee shall be entitled to participate in, at the Company's expense, (i) such comprehensive medical and dental insurance coverage, (ii) such
Sample 1
Certain Fringe Benefits. During the period of employment hereunder for each day that the Employee is required to travel to the offices of the Company or Bank he shall be provided with a per diem living expense allowance to cover the cost of lodging and meals of $125. In addition, the Company will provide Employee with the use of the 2004 GMC Denali presently used by him through June 30, 2006, and thereafter Employee shall be reimbursed for mileage at the standard rate applicable to employees of the Company and Bank while traveling on Company or Bank business.
Sample 1
Certain Fringe Benefits. For each month during the Transition Period with respect to which Executive makes himself available to provide services, Executive (and, to the extent covered immediately prior to the date of termination, his spouse and dependents) will continue to be covered under the Company’s group health program (which for purposes hereof, includes medical, executive medical, dental, vision and life insurance benefits). Such continuation coverage will be provided at the same cost to Executive during the Transition Period as in effect immediately prior to the Transition Period. Executive shall not be entitled to any other fringe benefits during the Transition Period, including without limitation, the reimbursement of any country club dues or car allowance; and
Sample 1
Certain Fringe Benefits. During the period of his employment hereunder, the Company will: (a) provide Employee with the use of a new American-made automobile of Employee's choice (and replace such automobile every two years or 50,000 miles, whichever first occurs), maintained, insured, and equipped at the Company's expense (subject to a $50.00 per month charge to Employee for personal use of the automobile) (b) subject to Employee's insurability, provide a minimum of $800,000 of term life insurance benefits on the Employee's life.
Sample 1
Certain Fringe Benefits. During the period of his employment hereunder, the Company will provide Employee with the use of a new American-made automobile of Employee's choice (and replace such automobile every two years or 50,000 miles, whichever first occurs), maintained, insured, and equipped at the Company's expense (subject to a $50.00 per month charge to Employee for personal use of the automobile). The Employee's selection shall be approved by the Compensation Committee of the Board.
Sample 1
Certain Fringe Benefits. During the period of his employment hereunder, Employer will (i) provide Employee with the use of an automobile (subject to a $50.00 per month charge to Employee for personal use of the automobile) in accordance with Employer's policy (executive level) as the same maybe changed from time to time by Employer (and Employee acknowledges receipt of a
Sample 1
AutoNDA by SimpleDocs
Certain Fringe Benefits. During the period of his employment hereunder, the Company will provide a per diem reimbursement to Employee for each day he is in Manistique, Michigan during the term of this Agreement to cover Employee's living expenses, in the amount of at least One Hundred Dollars ($100.00) per day, not to exceed One Thousand Dollars ($1,000.00) in any calendar month, subject however, to upward adjustment with the consent of the Company on which shall not unreasonably be withheld, in the event the Employee demonstrates his reasonable ordinary living expenses, including housing and meals, exceeds such per diem amount. In addition, the Company will provide Employee with the use of the 2004 GMC Denali presently used by him.
Sample 1
Certain Fringe Benefits 
Sample 1Sample 2Sample 3See All (55)

Related to Certain Fringe Benefits

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Certain Benefits Executive will be eligible to participate in all employee benefit programs established by Employer that are applicable to management personnel such as medical, pension, disability and life insurance plans on a basis commensurate with Executive’s position and in accordance with Employer’s policies from time to time, but nothing herein shall require the adoption or maintenance of any such plan.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • 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.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which the Company or an affiliate of the Company may from time to time make available to the Employee, the Employee shall be entitled to the following during the Employment Term: (a) the standard Company benefits enjoyed by the Company’s other top executives as a group; (b) medical and other insurance coverage (for the Employee and any covered dependents) provided by the Company to its other top executives as a group; (c) supplemental disability insurance sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary; (d) an annual incentive bonus opportunity under the Company’s annual incentive plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan shall be no less than 150% of the Employee’s Annual Base Salary (collectively, the target and maximum are referred to as the “Annual Bonus Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed and increased (but not decreased without the Employee’s express written consent) at the discretion of the Committee. The Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Board determines otherwise, no Annual Bonus shall be paid to the Employee unless the Employee is employed by the Company, or an affiliate thereof, on the Annual Bonus payment date; and (e) participation in the Company’s equity incentive plans.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

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