Common use of During the Employment Term Clause in Contracts

During the Employment Term. (a) The Executive will be entitled to reasonable annual vacation periods, with full pay and allowances (in accordance with the past practice and policy of Xxxxx-Craft with respect to its senior officers with the Executive's position and title). (b) The Executive will also be eligible for sick leave in accordance with Xxxxx-Craft's customary practice for senior executives. (c) The Executive will be entitled to participate in any insurance, pension, profit-sharing, stock option, stock purchase or other benefit plan and fringe benefit arrangements of Xxxxx-Craft now existing or hereafter adopted for the benefit of the employees generally or of the executives of Xxxxx-Craft. (d) Xxxxx-Craft shall match the Executive's contributions (including any contribution by any trust of which the Executive is the grantor) to recognized charities or educational institutions, during each fiscal year of the Employment Term and the Consulting Term, in an amount equal to the sum of (i) $25,000, such sum to be prorated with respect to any partial fiscal year occurring within the Employment Term. Matching contributions made by Xxxxx-Craft pursuant hereto shall be in addition to any contributions made to match Executive's contributions under any other charitable gift matching program generally applicable with respect to contributions made by employees or directors of Xxxxx-Craft or any of its subsidiaries. (e) The Executive shall be entitled to such additional compensation and benefits (including but not limited to additional grants of options and other equity-based awards) as may be granted to him from time to time by the Board or the Compensation Committee thereof. In this regard, it is the intention of the Compensation Committee to consider the adoption of an equity plan, to submit such plan to the shareholders of Xxxxx-Craft for approval at the annual meeting of shareholders to be held in 2000 and, if such plan is so adopted and approved, to make an additional grant or grants to the Executive pursuant to such plan.

During the Employment Term. (a) The Executive will be entitled to reasonable annual vacation periods, with full pay and allowances (in accordance with the past practice and policy of XxxxxChris-Craft with respect to its senior xxxxor officers with the Executive's position and title). (b) The Executive will also be eligible for sick leave in accordance with XxxxxChris-Craft's customary practice for practicx xxx senior executives. (c) The Executive will be entitled to participate in any insurance, pension, profit-sharing, stock option, stock purchase or other benefit plan and fringe benefit arrangements of XxxxxChris-Craft now existing or hereafter herxxxxxr adopted for the benefit of the employees generally or of the executives of XxxxxChris-Craft. (d) XxxxxChris-Craft shall Crxxx xhall match the ExecutiveExexxxxxe's contributions (including any contribution by any trust of which the Executive is the grantor) to recognized charities or educational institutions, during each fiscal year of the Employment Term and the Consulting Term, in an amount equal to the sum of (i) $25,00050,000, such sum to be prorated with respect to any partial fiscal year occurring within the Employment Term. Matching contributions made by XxxxxChris-Craft pursuant hereto shall be shaxx xx in addition to any contributions made to match Executive's contributions under any other charitable gift matching program generally applicable with respect to contributions made by employees or directors of XxxxxChris-Craft or any of its subsidiariessubsixxxxxes. (e) The Executive shall be entitled to such additional compensation and benefits (including but not limited to additional grants of options and other equity-based awards) as may be granted to him from time to time by the Board or the Compensation Committee thereof. In this regard, it is the intention of the Compensation Committee to consider the adoption of an equity plan, to submit such plan to the shareholders of XxxxxChris-Craft for approval at the annual xxxxal meeting of shareholders to be held in 2000 and, if such plan is so adopted and approved, to make an additional grant or grants to the Executive pursuant to such plan.

During the Employment Term. (a) The Executive will be entitled to reasonable annual vacation periods, with full pay and allowances (in accordance with the past practice and policy of Xxxxx-Craft with respect to its senior officers with the Executive's position and title). (b) The Executive will also be eligible for sick leave in accordance with Xxxxx-Craft's customary practice for senior executives. (c) The Executive will be entitled to participate in any insurance, pension, profit-sharing, stock option, stock purchase or other benefit plan and fringe benefit arrangements of Xxxxx-Craft now existing or hereafter adopted for the benefit of the employees generally or of the executives of Xxxxx-Craft. (d) Xxxxx-Craft shall match the Executive's contributions (including any contribution by any trust of which the Executive is the grantor) to recognized charities or educational institutions, during each fiscal year of the Employment Term and the Consulting Term, in an amount equal to the sum of (i) $25,00050,000, such sum to be prorated with respect to any partial fiscal year occurring within the Employment Term. Matching contributions made by Xxxxx-Craft pursuant hereto shall be in addition to any contributions made to match Executive's contributions under any other charitable gift matching program generally applicable with respect to contributions made by employees or directors of Xxxxx-Craft or any of its subsidiaries. (e) The Executive shall be entitled to such additional compensation and benefits (including but not limited to additional grants of options and other equity-based awards) as may be granted to him from time to time by the Board or the Compensation Committee thereof. In this regard, it is the intention of the Compensation Committee to consider the adoption of an equity plan, to submit such plan to the shareholders of Xxxxx-Craft for approval at the annual meeting of shareholders to be held in 2000 and, if such plan is so adopted and approved, to make an additional grant or grants to the Executive pursuant to such plan.

During the Employment Term. (a) The Executive will be entitled to reasonable annual vacation periods, with full pay and allowances (in accordance with the past practice and policy of Xxxxx-Craft with respect to its senior officers with the Executive's position and title). (b) The Executive will also be eligible for sick leave in accordance with Xxxxx-Craft's customary practice for senior executives. (c) The Executive will be entitled to participate in any insurance, pension, profit-sharing, stock option, stock purchase or other benefit plan and fringe benefit arrangements of Xxxxx-Craft now existing or hereafter adopted for the benefit of the employees generally or of the executives of Xxxxx-Craft. (d) Xxxxx-Craft shall match the Executive's contributions (including any contribution by any trust of which the Executive is the grantor) to recognized charities or educational institutions, during each fiscal year of the Employment Term and the Consulting Term, in an amount equal to the sum of (i) $25,000, such sum to be prorated with respect to any partial fiscal year occurring within the Employment Term. Matching contributions made by Xxxxx-Craft pursuant hereto shall be in addition to any contributions made to match Executive's contributions under any other charitable gift matching program generally applicable with respect to contributions made by employees or directors of Xxxxx-Craft or any of its subsidiaries. (e) The Executive shall be entitled to such additional compensation and benefits (including but not limited to additional grants of options and other equity-based awards) as may be granted to him her from time to time by the Board or the Compensation Committee thereof. In this regard, it is the intention of the Compensation Committee to consider the adoption of an equity plan, to submit such plan to the shareholders of Xxxxx-Craft for approval at the annual meeting of shareholders to be held in 2000 and, if such plan is so adopted and approved, to make an additional grant or grants to the Executive pursuant to such plan.