Employee Benefits; Vacations. During the Employment Period, the Executive shall receive the benefits and enjoy the perquisites described below:
Employee Benefits; Vacations. During the Employment Period, in addition to any and all compensation and benefits required or permitted to be made by the Company to the Executive hereunder, the Executive shall receive the benefits and enjoy the perquisites described below:
Employee Benefits; Vacations. The Executive shall be eligible to participate in such life insurance, medical and other employee benefit plans of the Company that may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other similarly-situated executive officers of the Company. The Company may from time to time modify or eliminate any or all benefits extended or provided in its sole discretion. The Executive shall be entitled to paid vacations in accordance with the policies of the Company in effect from time to time, as determined by the Board.
Employee Benefits; Vacations. As of the first day of the month following the first full month of employment, the Executive shall be eligible to participate in such 401 (K), medical and other employee benefit plans of the Company that may be in effect or modified from time to time, to the extent eligible under the terms of those plans, on the same basis as other similarly situated executive officers of the Company. The Executive shall be entitled to paid vacation in accordance with the policies of the Company in effect from time to time, as determined by the Board.
Employee Benefits; Vacations. The Executive shall be eligible to participate in such life insurance, medical and other employee benefit plans of the Company that may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other similarly situated executive officers of the Company. The Company may from time to time modify or eliminate any or all benefits extended or provided in its sole discretion, subject to applicable law. The Executive shall be entitled to paid vacation per year, which shall accrue and be used in accordance with the policies of the Company in effect from time to time, as determined by the Board. Subject to such policies, any accrued but unused paid vacation shall be paid out to Executive upon termination of employment unless the Company terminates Executive’s employment for Cause (as defined in Section 11) or the Executive resigns his employment for other than Good Reason (as defined in Section 11).
Employee Benefits; Vacations. The Executive shall be eligible to participate in such life insurance, medical and other employee benefit plans of the Company that may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other similarly situated executive officers of the Company. The Company may from time to time modify or eliminate any or all benefits extended or provided in its sole discretion, subject to applicable law. The Executive shall be entitled to three weeks of paid vacation per year, which shall accrue and be used in accordance with the policies of the Company in effect from time to time, as determined by the Board of Directors of the Company. Subject to such policies, any accrued but unused paid vacation shall be paid out to Executive upon termination of employment unless the Company terminates Executive’s employment for Cause (as defined in Section 11) or the Executive resigns his employment for other than Good Reason (as defined in Section 11).
Employee Benefits; Vacations. (a) Section 7(a) of the Agreement is hereby amended and restated in its entirety as follows:
Employee Benefits; Vacations. During the Employment Period, in addition to any and all compensation and benefits required or permitted to be made by the Company to the Employee hereunder, the Employee shall receive the benefits and enjoy the perquisites described below:
Employee Benefits; Vacations. Employee shall be entitled to participate in any and all life insurance, medical insurance, disability insurance, directors' and officers' liability insurance and any other employee benefit plan or plans which may be generally made available during the Term to senior level executives of the Corporation to the extent that Employee qualifies under the eligibility provisions of any such plan or plans and as such plans may be amended. Employee shall be entitled to vacations (taken consecutively or in segments), aggregating four (4) weeks in each twelve month period of the Term, in accordance with the Corporation's vacation policy, to be taken at times consistent with the effective discharge of Employee's duties.
Employee Benefits; Vacations. The Executive shall be eligible to participate in such medical, retirement and other employee benefit plans of the Company that may be in effect or modified from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other similarly situated executive officers of the Company or, at the option of the Executive, he may instead elect to receive monthly payments equal to the amount of the monthly medical insurance premiums which the Company would otherwise pay on his behalf in lieu of Executive receiving medical insurance. Notwithstanding the foregoing, in the event that the Executive chooses to receive monthly payments in lieu of receiving medical insurance and any federal, state or local law, now or in the future, (a) prohibits any employee from failing to accept medical insurance offered by his employer, the Company shall not be required to provide the Executive with monthly payments equal to the amount of the medical insurance premiums which the Company would otherwise pay on his behalf and the Executive shall either accept the medical insurance provided by the Company or reject such insurance without any reimbursement or payment in lieu thereof and/or (b) financially penalizes the Company for not providing medical insurance to an employee but permits the Company to pay to the employee sums in lieu of providing medical insurance, the Company shall deduct from the monthly payments to be made to the Executive the amount of such financial penalty until such penalty is reimbursed in full to the Company. The Executive shall be entitled to vacation in accordance with the policies of the Company in effect from time to time, as determined by the Board.
