Employee Benefits; Vacation. During the Employment Period, Executive will be eligible to participate in all Company employee benefit plans, policies, and arrangements that are applicable to other senior executives of the Company, as such plans, policies, and arrangements may be in effect from time to time, and subject to the terms thereof. Executive will be entitled to vacation in accordance with the standard written policies of the Company.
Employee Benefits; Vacation. (a) During the Term of Employment, Executive shall be entitled to participate in health, insurance, retirement, annual leave and time-off, and other benefits provided generally to similarly situated executive officers of the Company. Executive shall also be entitled to the same number of holidays, vacation days, and sick days, as well as any other benefits, in each case as are generally allowed to similarly situated executive officers of the Company in accordance with the Company policy as in effect from time to time. Nothing contained herein shall be construed to limit the Company’s ability to amend, suspend, or terminate any employee benefit plan or policy at any time without providing Executive notice, and the right to do so is expressly reserved.
(b) Notwithstanding anything to the contrary in Section 5(a), during the Term of Employment, Executive shall be entitled to four (4) weeks of annual paid vacation days, which shall accrue and be usable in accordance with Company policy, as in effect from time to time; provided that for fiscal year 2015, Executive’s annual paid vacation shall be prorated based on the Commencement Date and portion of the fiscal year Executive is employed with the Company.
Employee Benefits; Vacation. Odyssey shall provide Executive any health, life or disability insurance, pension, retirement savings, or any other benefit plan or arrangement now or hereafter maintained by Odyssey for its senior executives generally, and participation therein shall be in accordance with the provisions thereof generally applicable to such executives. Executive shall receive at least four weeks of paid vacation per annum.
Employee Benefits; Vacation. During the Term or any Renewal Term, the Employee shall be provided with employee benefits on the same basis as benefits are generally made available to other employees of the Company. The Employee shall be entitled to paid vacation in accordance with Company policy, but not less than four (4) weeks per calendar year. Vacation time must be used or forfeited and will not accrue into the following calendar year. A health insurance premium benefit will be allowed and paid monthly to Employee in the amount of $1,000.00 USD for the first six months of the Term. Thereafter, so long as Employee is employed, the health insurance premium will be increased to an amount equal to the Employee’s actual monthly health insurance premium or $1,500 per month, whichever is lower.
Employee Benefits; Vacation. (a) The Employee shall be fully vested and entitled to participate in any and all life insurance, medical insurance, disability insurance, pension, incentive and savings and other employee benefit plans which are made available by the Company during the Employment Term to executives of the Company of the Employee's rank, to the extent that the Employee qualifies under the eligibility provisions of such plans.
(b) The Employee shall be entitled to vacations (taken consecutively or in segments), aggregating four (4) weeks for each fiscal year of the Company during the Employment Term, to be taken at times consistent with the effective discharge of the Employee's duties. Unused vacation time shall not accumulate from year to year and, in the event any such unused vacation time is remaining at the end of the fiscal year, the Employee shall not be entitled to be paid for any such remaining time.
Employee Benefits; Vacation. During the term of this Agreement, Employee shall be eligible to receive and/or participate in all employee benefits that are offered by UOL to its executive employees, including, without limitation, UOL's contributory (80% paid by UOL and 20% paid by employee) major medical, dental and life insurance plan, and coverage under UOL's long term disability plan (100% paid by employee). Employee shall also receive paid life insurance of $1,000,000 and a car allowance of $750.00 per month. During the term hereof, Employee shall be entitled to receive four (4) weeks of paid vacation per calendar year during the term hereof. All accrued but unused vacation may be carried over by Employee from one calendar year to the next during the term hereof, provided that Employee shall not be permitted to take more than one (1) weeks vacation in any calendar year during the term hereof without prior written approval of UOL.
Employee Benefits; Vacation. During the Employment Period, the Executive shall be eligible to participate in such health and other group insurance and other employee and fringe benefit plans and programs of the Company and shall be entitled to receive such perquisites as the Company makes available from time to time, in each case on the same basis as other senior executives of Holdings. During the Employment Period, the Executive shall be entitled to four weeks’ vacation per calendar year, to be taken and carried over in accordance with the Company’s vacation policy. The number of vacation days shall be pro-rated for the first and last calendar years of employment.
Employee Benefits; Vacation. During the Term of this Agreement, Executive shall be entitled to participate in the employee benefit plans and programs, including paid time off, made available to executives of the Company. The terms and conditions of Executive's participation in any employee benefit plan or program shall be subject to the terms and conditions of such plan or program, as may be amended or modified by the Company from time to time. Nothing in this Agreement shall preclude the Company from amending or terminating any employee benefit plan or program in accordance with the terms thereof.
Employee Benefits; Vacation. The Executive and/or the Executive’s dependents, as the case may be, shall participate in employee and executive retirement, medical, dental, vision, disability, group and/or executive life, accidental death and travel accident insurance, and similar benefit plans and programs of the Company, subject to the terms and conditions thereof, as in effect from time to time with respect generally to senior executives employed by the Company. Executive shall be entitled to be paid these benefits upon termination in accordance with the terms of the applicable Plans, or, if not governed by ERISA, pursuant to the policies and practices of the Company as in effect from time to time with respect to senior executives employed by the Company.
Employee Benefits; Vacation. During the Employment Period, in addition to any and all compensation and benefits required or permitted to be made by the Bank to Executive hereunder, the Executive shall receive the benefits and enjoy the perquisites described below:
