Common use of Executive Perquisites, Benefits and Other Compensation Clause in Contracts

Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may have in effect from time to time. Reimbursement for COBRA payments for coverage for Employee and Employee's dependent family members in the event that TSI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSI's expense reporting policy. (iii) TSI shall provide Employee with other executive perquisites as may be available to senior management of TSI and participation in all other TSI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSI's established policies.

Appears in 2 contracts

Samples: Employment Agreement (Travel Services International Inc), Employment Agreement (Travel Services International Inc)

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Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may have in effect from time to time. Reimbursement ; reimbursement for COBRA payments for coverage and premiums on any gap insurance for Employee and Employee's dependent family members in the event that TSI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSI's expense reporting policy. (iii) TSI shall provide Employee with other executive perquisites as may be available to senior management of TSI and participation in all other TSI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSI's established policies.

Appears in 2 contracts

Samples: Employment Agreement (Travel Services International Inc), Employment Agreement (Travel Services International Inc)

Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI TSGI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may TSGI will have in effect from time to timeeffect. Reimbursement for COBRA payments for coverage for Employee and Employee's dependent family members in the event that TSI TSGI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSITSGI's expense reporting policy. (iii) TSI TSGI shall provide Employee with other executive perquisites as may be available to senior management of TSI or deemed appropriate for Employee by the Board and participation in all other TSITSGI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSITSGI's established policies. (iv) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee at TSGI's request in connection with the activities of TSGI prior to the IPO.

Appears in 1 contract

Samples: Employment Agreement (Travel Services International Inc)

Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may have in effect from time to time. Reimbursement for COBRA payments for coverage for Employee and Employee's dependent family members in the event that TSI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this ther Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSI's expense reporting policy. (iii) TSI shall provide Employee with other executive perquisites as may be available to senior management of TSI and participation in all other TSI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSI's established policies.

Appears in 1 contract

Samples: Employment Agreement (Travel Services International Inc)

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Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may have in effect from time to time. Reimbursement for COBRA payments for coverage for Employee and Employee's dependent family members in the event that TSI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSI's expense reporting policy. (iii) TSI shall provide Employee with other executive perquisites as may be available to senior management of TSI and participation in all other TSI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSI's established policies. (iv) TSI will provide for Employee's annual professional association fees and dues for the States of New York, New Jersey and Florida and required continuing legal education expenses.

Appears in 1 contract

Samples: Employment Agreement (Travel Services International Inc)

Executive Perquisites, Benefits and Other Compensation. Employee shall be entitled to receive additional benefits and compensation from TSI in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Employee and Employee's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that TSI may have in effect from time to time. Reimbursement for COBRA payments for coverage for Employee and Employee's dependent family members in the event that TSI is unable to provide insurance coverage at the Effective Date. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee in the performance of Employee's services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Employee upon submission of any request for reimbursement, and in a format and manner consistent with TSI's expense reporting policy. (iii) TSI shall provide Employee with other executive perquisites as may be available to senior management of TSI and participation in all other TSI-wide employee benefits as available from time to time, including vacation benefits in accordance with TSI's established policies. (iv) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Employee at TSI's request in connection with the activities of TSI prior to the IPO.

Appears in 1 contract

Samples: Employment Agreement (Travel Services International Inc)

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