Certain Fringe Benefits Sample Clauses

Certain Fringe Benefits. During the period of his employment hereunder, the Company will:
Sample 1
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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
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
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 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. 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. 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
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Certain Fringe Benefits. During the term of Employment:
Sample 1
Certain Fringe Benefits 
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Related to Certain Fringe Benefits

  • 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 fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • 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.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which Company or an affiliate of Company may from time to time make available to Employee, Employee shall be entitled to the following during the Employment Term:

  • 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.

  • Health Care Benefits An amount equal to three (3) times the full annual cost of coverage for medical, dental and vision benefits under the Company’s Health Care Plan and Vision Insurance Plan provided to Executive and his covered dependents for the year in which Executive’s Covered Termination Date occurs, in a lump sum in cash within sixty (60) days after the Covered Termination Date. In no event shall the benefits provided for in Sections 2(a), (d), (e) and (f) above or any payment provided for in (c) above that is not subject to Code Section 409A be paid later than March 15th of the calendar year immediately following the calendar year in which the Executive’s Covered Termination Date occurs.

  • Continuation of Welfare Benefits For the twenty-four (24) month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents life, disability, accident and health insurance benefits and other benefits and perquisites (including employee stay rates) substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason, at no greater cost to the Executive than the cost to the Executive immediately prior to such date or occurrence. Benefits otherwise receivable by the Executive pursuant to this Section 6(a)(2) shall be reduced to the extent benefits of the same type are received by the Executive from another employer during the twenty-four (24) month period following the Executive's termination of employment; provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an event or circumstance constituting Good Reason.

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