Common use of Employee Benefits; Indemnification Clause in Contracts

Employee Benefits; Indemnification. During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company, including, without limitation, the Company's group medical, dental, vision, disability, life insurance, and flexible-spending account plans. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. Upon the Effective Date, Executive shall be offered an indemnification agreement comparable in form and substance to indemnification agreements previously entered into by and between the Company and its executive officers. Vacation. Executive will be entitled to paid vacation of four (4) weeks per year in accordance with the Company's vacation policy, with the timing and duration of specific vacations mutually and reasonably agreed to by the parties hereto. Expenses. The Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, including but not limited to, first-class airfare, hotel accommodations, and transportation expenses incurred by Executive while traveling between the Company's headquarters and Executive's domicile. Such expenses shall be reimbursed in accordance with the Company's expense reimbursement policy as in effect from time to time. Wellness Reimbursement. While Executive is employed hereunder, the Company will reimburse Executive for the reasonable costs incurred in connection with Executive's annual physical examination at the Mayo Clinic; provided, however, that Executive will disclose any material findings made in connection with the annual examination to the Board. Severance.

Appears in 1 contract

Samples: Hudson Employment Agreement (Indus International Inc)

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Employee Benefits; Indemnification. During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company, including, without limitation, the Company's group medical, dental, vision, disability, life insurance, and flexible-spending account plans. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. Upon the Effective Date, Executive shall be offered an indemnification agreement comparable in form and substance to indemnification agreements previously entered into by and between the Company and its executive officers. Vacation. Executive will be entitled to paid vacation of four (4) weeks per year in accordance with the Company's vacation policy, with the timing and duration of specific vacations mutually and reasonably agreed to by the parties hereto. Expenses. The Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, including but not limited to, first-class airfare, hotel accommodations, and transportation expenses incurred by Executive while traveling between the Company's headquarters and Executive's domicileexpenses. Such expenses shall be reimbursed in accordance with the Company's expense reimbursement policy as in effect from time to time. Wellness Reimbursement. While Executive is employed hereunder, the Company will reimburse Executive for the reasonable costs incurred in connection with Executive's annual physical examination at the Mayo Clinic; provided, however, that Executive will disclose any material findings made in connection with the annual examination to the Board. Severance.

Appears in 1 contract

Samples: Employment Agreement (Indus International Inc)

Employee Benefits; Indemnification. During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company, including, without limitation, the Company's group medical, dental, vision, disability, life insurance, and flexible-spending account plans. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. Upon the Effective Date, Executive shall be offered an indemnification agreement comparable in form and substance to indemnification agreements previously entered into by and between the Company and its executive officers. Vacation. Executive will be entitled to paid vacation of four (4) weeks per year in accordance with the Company's vacation policy, with the timing and duration of specific vacations mutually and reasonably agreed to by the parties hereto. Expenses. The Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, including but not limited to, first-class airfare, hotel accommodations, and transportation expenses incurred by Executive while traveling between the Company's headquarters and Executive's domicile. Such expenses shall be reimbursed in accordance with the Company's expense reimbursement policy as in effect from time to time. Wellness Reimbursement. While Executive is employed hereunder, the Company will reimburse Executive for the reasonable costs incurred in connection with Executive's annual physical examination at the Mayo Clinic; provided, however, that Executive will disclose any material findings made in connection with the annual examination to the Board. Severance.

Appears in 1 contract

Samples: Employment Agreement (Indus International Inc)

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Employee Benefits; Indemnification. During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company, including, without limitation, the Company's group medical, dental, vision, disability, life insurance, and flexible-spending account plans. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. Upon the Effective Date, Executive shall be offered an indemnification agreement comparable in form and substance to indemnification agreements previously entered into by and between the Company and its executive officers. Vacation. Executive will be entitled to paid vacation of four (4) weeks per year in accordance with the Company's vacation policy, with the timing and duration of specific vacations mutually and reasonably agreed to by the parties hereto. Expenses. The Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, including but not limited to, first-class airfare, hotel accommodations, and transportation expenses incurred by Executive while traveling between on behalf of the Company's headquarters and Executive's domicile. Such expenses shall be reimbursed in accordance with the Company's expense reimbursement policy as in effect from time to time. Wellness Reimbursement. While Executive is employed hereunder, the Company will reimburse Executive for the reasonable costs incurred in connection with Executive's annual physical examination at the Mayo Clinic; provided, however, that Executive will disclose any material findings made in connection with the annual examination to the Board. Severance.

Appears in 1 contract

Samples: Montgomery Employment Agreement (Indus International Inc)

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