Executive Benefits; Expenses Sample Clauses

Executive Benefits; Expenses. The Executive shall participate in any fringe benefits which are or may become available to the Company’s senior management Executives, including for example incentive compensation plans, club memberships, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Executive under this Agreement. The Executive shall be reimbursed for all reasonable out-of-pocket business expenses which he shall incur in connection with his services under this Agreement upon substantiation of such expenses in accordance with the policies of the Company.
AutoNDA by SimpleDocs
Executive Benefits; Expenses. During the Employment Period, Executive shall be entitled to receive any fringe benefits and perquisites which may be or become applicable to the Company's executive employees, including but not limited to participation in the Company's Key Employee Stock Compensation Program, and any other stock option or incentive plans adopted by the Board of Directors, a reasonable expense account, and any other benefits and perquisites which are commensurate with the responsibilities and functions to be performed by Executive under this Agreement. The Company shall reimburse Executive for all out-of-pocket expenses which Executive shall incur in connection with his services for the Company. During the Employment Period, Executive shall be entitled to the use of a Company automobile in accordance with the Company's practices in effect prior to the Change of Control Date for providing automobiles to its executives. In addition, during the Employment Period, Executive shall be entitled to legal and financial planning benefits consistent with benefits made available by the Company to its executives prior to the Change of Control Date.
Executive Benefits; Expenses. The Executive shall participate in any fringe benefits which are or may become available to the Company’s senior management Executives,
Executive Benefits; Expenses. The Executive shall be eligible to participate in any fringe benefits which may be or become applicable to the Corporation's executive employees including without limitation participation in any stock option or incentive plans adopted by the Boards of Directors, life or disability insurance, a reasonable expense account, and any other benefits which are commensurate with the responsibilities and functions to be performed by the Executive under this Agreement and in any event, no less than equivalent to such benefits as have historically been available to the Executive. The Corporation shall promptly reimburse Executive for all reasonable out-of-pocket expenses which Executive shall incur in connection with his services for the Corporation or its subsidiaries. In addition, the Executive shall have the right to avail himself of such vacation, sick leave and other benefits provided by personnel policies or otherwise, from time to time in effect for other senior management personnel of the Corporation, and in any event no less than equivalent to such benefits as have historically been available to Executive.

Related to Executive Benefits; Expenses

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!