Employment Benefit Programs Clause Samples
The Employment Benefit Programs clause defines the types of benefits an employer will provide to employees as part of their compensation package. This may include health insurance, retirement plans, paid time off, and other perks, with specifics such as eligibility requirements, enrollment procedures, and the employer's right to modify or discontinue benefits. Its core function is to set clear expectations regarding employee benefits, thereby reducing misunderstandings and ensuring both parties are aware of their rights and obligations concerning workplace benefits.
Employment Benefit Programs. During the Term of Employment, the Executive shall be entitled to participate in all employee benefit programs made available to the Company’s executives or salaried employees generally, including group medical insurance, details of which will be described in an employee handbook or similar materials which will be provided to the Executive in the normal course of the commencement of his employment as such programs may be in effect from time to time.
Employment Benefit Programs. During the Term of Employment, the Employees shall be entitled to participate in all employee benefit programs made available to the Company's Employees or salaried employees generally, as such programs may be in effect from time to time, including, without limitation, pension and other retirement plans, profit sharing plans, group life insurance, accidental death and dismemberment insurance, hospitalization, surgical, major medical coverage, long-term disability, sick leave (including salary continuation arrangements), vacations, holidays and other employee benefit programs sponsored by the Company, subject to any limitations imposed by applicable Canadian or U.S. law.
Employment Benefit Programs. During the Term, Employee shall be entitled to medical and dental insurance and life and disability insurance benefits and paid time off as are generally available to the Company’s employees of similar status from time to time under such benefit plans and as described and subject to such conditions and discretion as is reserved to the Company as set forth in the associated benefit plan materials and summary plan descriptions for such benefit plans.
Employment Benefit Programs. During the term of the Executive's employment under this Agreement, the Executive shall be entitled to participate in all employee benefit programs of the Company and Parent as are in effect from time to time and in which senior executives of the Company and Parent are eligible to participate, including medical, hospitalization, life, travel and accident insurance, disability protection and retirement benefits.
Employment Benefit Programs. (1) During the Term, the Executive and his dependents shall be entitled, per the payment provisions applicable to other senior executives of the Company, to participate in all medical, surgical, hospitalization, long term disability, life, dental and visual insurance coverage now or hereafter made available by the Company to its senior executives in Las Vegas or where he is employed by the Company.
(2) During the Term, the Executive shall be entitled to participate in all employee incentive programs of the Company now or hereafter made available to the Company's senior executives or salaried employees generally, as such programs may be in effect from time-to-time, including, without limitation, pension and other retirement plans, profit-sharing plans and holidays.
(3) During the Term, the Executive shall be entitled to the maximum PTO (paid time off) allowed for Company executives in Memphis at his grade level. He will be able to accrue and cash in PTO time per the same plan that applies to other executives.
(4) As of the Commencement Date, the Executive has accrued 285.33 hours of vacation time and 48 hours of sick leave time. The Executive shall be entitled to transfer 80 hours of accrued vacation time and 48 hours of accrued sick leave time to the Company's PTO plan which shall be treated in accordance with Section 3(d)(3) hereof. In addition, upon the termination of the employment of the Executive for any reason the Executive shall be entitled to receive cash in the amount of $192.31 per hour for the portion of the 205.33 hours of acccrued vacation time that remains unused on the Date of Termination (as defined below).
(5) During the Term, the Executive shall be eligible for $7,500 annual allowance for executive financial counseling.
(6) During the Term, the Executive shall be eligible for the Company's Executive Deferred Compensation Plan and Deferred Compensation Plan.
Employment Benefit Programs. Clause 7 “Employment Benefit Programs” in your Supplemental Employment Terms Agreement dated August 4, 2010 is replaced by the following: You will be eligible to participate in the benefit programs of the Company on the terms and conditions as offered to your grade level. In addition to the mandatory annual leave (6 days), you will be entitled to 16.5 working days of paid annual leave per year. Details of the benefit programs are described in the Team Member Handbook and similar materials which will be provided to you. You agree that except for those specific benefits that are required under Macau SAR law, all other benefit programs may be changed or cancelled from time to time at the discretion of the Company. The Company will inform the Employee of any change on the benefit programs and if the Employee does not oppose such change or does not communicate such opposition in written to the Company within 60 days, the change is deemed accepted by the Employee.
Employment Benefit Programs