Common use of Employee and Other Benefits Clause in Contracts

Employee and Other Benefits. 5.1. Executive shall be entitled to participate in all employee and executive benefit plans of the Company that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives and other employees at a level commensurate with his position subject to satisfying the applicable eligibility requirements. 5.2. Under the employee benefit plans to be developed for the Company’s executives and other employees, as approved by the Board, the parties hereto anticipate that Executive shall be entitled to employee benefits, including but not limited to, those pertaining to 401k, comprehensive health, major medical, and dental insurance, disability insurance, life insurance, annual comprehensive physical examinations, and other paid employee benefits commensurate with persons in similar capacities in similarly sized and situated companies. 5.3. The Company shall provide to Executive all employee and executive perquisites which other senior executives of the Company are generally entitled to receive and which will be subsequently and mutually agreed to by the Company and Executive, in accordance with Company policy set by the Board from time to time. 5.4. Executive shall be entitled to annual paid vacation in accordance with the Company’s policy applicable to senior executives, but in no event less than four (4) weeks per calendar year (as prorated for partial years), which vacation may be taken at such times as Executive elects with due regard to the needs of the Company. Any paid vacation time that Executive does not use during a calendar year shall accrue to the next year. 5.5. Upon submission of appropriate documentation in accordance with its policies in effect from time to time, the Company shall pay or reimburse Executive for all business expenses which Executive incurs in performing his duties under this Agreement, including, but not limited to, travel, entertainment, professional dues and subscriptions, and all dues, fees, and expenses associated with membership in various professional, business, and civic associations and societies in which Executive participates in accordance with the Company's approval and policies in effect from time to time.

Employee and Other Benefits. 5.1. Executive shall be entitled to participate in all employee and executive benefit plans of the Company that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives and other employees at a level commensurate with his position subject to satisfying the applicable eligibility requirements. 5.2. Under the employee benefit plans to be developed for the Company’s executives and other employees, as approved by the Board, the parties hereto anticipate that Executive shall be entitled to employee benefits, including but not limited to, those pertaining to 401k, comprehensive health, major medical, and dental insurance, disability insurance, life insurance, annual comprehensive physical examinations, and other paid employee benefits commensurate with persons in similar capacities in similarly sized and situated companies. 5.3. The Company shall provide to Executive all employee and executive perquisites which other senior executives of the Company are generally entitled to receive and which will be subsequently and mutually agreed to by the Company and Executive, in accordance with Company policy set by the Board from time to time. 5.4. Executive shall be entitled to annual paid vacation in accordance with the Company’s policy applicable to senior executives, but in no event less than four three (43) weeks per calendar year (as prorated for partial years), which vacation may be taken at such times as Executive elects with due regard to the needs of the Company. Any paid vacation time that Executive does not use during a calendar year shall accrue to the next year. 5.5. Upon submission of appropriate documentation in accordance with its policies in effect from time to time, the Company shall pay or reimburse Executive for all business expenses which Executive incurs in performing his duties under this Agreement, including, but not limited to, travel, entertainment, professional dues and subscriptions, and all dues, fees, and expenses associated with membership in various professional, business, and civic associations and societies in which Executive participates in accordance with the Company's approval and policies in effect from time to time.

Employee and Other Benefits. 5.1. 5.1 In his capacity as the President and Chief Executive Officer of the Company, Executive shall develop for the Board’s review and approval an employee benefit plan for the Company’s executives and other employees which is commensurate with similarly sized and situated companies and which is appropriate given the Company’s financial condition. 5.2 Executive shall be entitled to participate in all employee and executive benefit plans of the Company that the Company has adopted or may adopt, maintain or contribute to for the benefit of its executives and other employees at a level commensurate with his position subject to satisfying the applicable eligibility requirements. 5.2. 5.3 Under the employee benefit plans to be developed by Executive for the Company’s executives and other employees, as approved by the Board, the parties hereto anticipate that Executive shall be entitled to employee benefits, including but not limited to, those pertaining to 401k, comprehensive health, major medical, and dental insurance, disability insurance, life insurance, annual comprehensive physical examinations, and other paid employee benefits commensurate with persons in similar capacities in similarly sized and situated companies. 5.3. 5.4 The Company shall provide to Executive all employee and executive perquisites which other senior executives of the Company are generally entitled to receive and which will be subsequently and mutually agreed to by the Company and Executive, in accordance with Company policy set by the Board from time to time. 5.4. 5.5 Executive shall be entitled to annual paid vacation in accordance with the Company’s policy applicable to senior executives, but in no event less than four (4) weeks per calendar year (as prorated for partial years), which vacation may be taken at such times as Executive elects with due regard to the needs of the Company. Any paid vacation time that Executive does not use during a calendar year shall accrue to the next year. 5.5. 5.6 Upon submission of appropriate documentation in accordance with its policies in effect from time to time, the Company shall pay or reimburse Executive for all business expenses which Executive incurs in performing his duties under this Agreement, including, but not limited to, travel, entertainment, professional dues and subscriptions, and all dues, fees, and expenses associated with membership in various professional, business, and civic associations and societies in which Executive participates in accordance with the Company's approval and policies in effect from time to time. 5.7 During the Term, the Company will assume Executive’s existing car lease and all expenses related to that lease. . 5.8 Executive shall be entitled to travel business class for all necessary work-related flights.