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

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(ii) shall be at least equal to such benefits provided to Pentacon executives. (iii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iv) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Pentacon Inc), Employment Agreement (Pentacon Inc)

AutoNDA by SimpleDocs

Executive Perquisites, Benefits and Other Compensation. The Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for the Executive and Executive's her dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided which benefits provided to the Executive under this clause (b)(iii) shall be at least equal to such benefits provided to Pentacon Company executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by the Executive in the performance of his her services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by the Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Four (4) weeks paid vacation for each year during the period of employment or such greater amount as may be afforded officers and key employees generally under the Company's policies in effect from time to time (pro-rated for any year in which the Executive is employed for less than the full year). (iv) The Company shall provide the Executive with other executive perquisites as may be available to or deemed appropriate for the Executive by the Board and participation in all other companyCompany-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus programtime, the Executive will be entitled to participate to the same extent as other executives of which may include participation in the Company's Long-Term Incentive Plan.

Appears in 2 contracts

Samples: Employment Agreement (Collectibles Usa Inc), Employment Agreement (Collectibles Usa Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance Payment of all premiums for participation coverage for Executive and Executive's his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to timetime (all in an amount not less than such benefits provided to other Company executives). (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(ii) shall be at least equal to such benefits provided to Pentacon executives. (iii) Reimbursement for all business travel and other out-of-pocket expenses and professional dues and fees reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iviii) The Company shall provide Executive with other Other executive perquisites as may be available to or deemed appropriate for Executive by the Board and Executive shall be eligible for participation in all other companyCompany-wide employee benefits as are available from time to time to time. (iv) Reimbursement for all Pentacon subsidiaries. In operating costs associated with one automobile including, without limitation, repairs, maintenance and insurance. (v) Payment of all premiums for a disability policy in favor of Executive having substantially the event same terms as the Company adopts a bonus program, disability policy benefitting the Executive will be entitled to participate to the same extent and existing as other executives of the Companydate hereof. (vi) Three weeks paid vacation per year.

Appears in 2 contracts

Samples: Employment Agreement (Mgi2 Inc), Employment Agreement (Mgi2 Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(ii) shall be at least equal to such benefits provided to Pentacon executivesother RV Centers' executives similarly situated. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this AgreementAgreement and in accordance with Company and RV Centers' policies. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Four (4) weeks of paid vacation per year or such greater amount as may be afforded officers and key employees under the Company's or RV Centers' policies in effect from time to time. (iv) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the CompanyRV Centers Companies.

Appears in 2 contracts

Samples: Acquisition Agreement (Rv Centers Inc), Acquisition Agreement (Rv Centers Inc)

Executive Perquisites, Benefits and Other Compensation. Executive Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance Immediate admittance for participation for Executive and Executive's dependent family members under health(without waiting period, hospitalization, disability, dental, life and pre-existing condition limitation or other insurance plans that the Company may have in effect from time to time. (iiexception) Payment of all premiums for coverage for Executive and Executive's dependent family members Employee under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided with the benefits provided to Executive Employee under this clause (b)(iii) shall to be at least equal to such benefits provided to Pentacon key executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive Employee in the performance of his Employee’s services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive Employee upon submission of any request for reimbursement, and in a format and manner consistent with expense reporting policy of the Company's expense reporting policy. (iviii) The Company shall may provide Executive Employee with other executive perquisites including annualized stock options in DESIGN, the parent company of XXXX SOLUTIONS, INC., as may be available to or deemed appropriate for Executive Employee by the Board of Directors of XXXX and DESIGN and participation in all other companyCompany-wide employee benefits as are available from time to time time. (iv) All bonuses and annualized stock options to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companyreviewed quarterly.

Appears in 1 contract

Samples: Employment Agreement (Epicedge Inc)

Executive Perquisites, Benefits and Other Compensation. The Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for the Executive and Executive's his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided which benefits provided to the Executive under this clause (b)(iii) shall be at least equal to such benefits provided to Pentacon Company executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by the Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by the Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Four (4) weeks paid vacation for each year during the period of employment or such greater amount as may be afforded officers and key employees generally under the Company's policies in effect from time to time (pro-rated for any year in which the Executive is employed for less than the full year). (iv) The Company shall provide the Executive with other executive perquisites as may be available to or deemed appropriate for the Executive by the Board and participation in all other companyCompany-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus programtime, the Executive will be entitled to participate to the same extent as other executives of which may include participation in the Company's Long-Term Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Collectibles Usa Inc)

Executive Perquisites, Benefits and Other Compensation. Executive Employee shall be entitled to receive additional benefits and compensation from the Company FYI in such form and to such extent as specified below: (i) Admittance Payment of all premiums for participation coverage for Executive Employee and Executive's his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company FYI may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(ii) shall be at least equal to such benefits provided to Pentacon executives. (iii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive Employee in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive Employee upon submission of any request for reimbursement, and in a format and manner consistent with the CompanyFYI's expense reporting policy. (iii) Four (4) weeks of paid vacation per year or such greater amount as may be afforded officers and key employees under FYI's policies in effect from time to time. (iv) The Company shall provide Executive with other An automobile allowance in the amount of Five Hundred Dollars ($500) per month. (v) Other executive perquisites as may be available to or deemed appropriate for Executive Employee by the Board and participation in all other company-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Fyi Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(iii) shall to be at least equal to such on terms no less favorable than the benefits provided to Pentacon executivesother MarineMax executives at comparable levels of employment. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Paid vacation in accordance with the applicable policy of the Company as in effect from time to time, but in no event shall Executive be entitled to less than four (4) weeks paid vacation per year. (iv) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other companyCompany-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Marinemax Inc)

Executive Perquisites, Benefits and Other Compensation. Executive Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance Immediate admittance for participation for Executive and Executive's dependent family members under health(without waiting period, hospitalization, disability, dental, life and pre-existing condition limitation or other insurance plans that the Company may have in effect from time to time. (iiexception) Payment of all premiums for coverage for Executive and Executive's dependent family members Employee under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided with the benefits provided to Executive Employee under this clause (b)(iii) shall to be at least equal to such benefits provided to Pentacon key executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive Employee in the performance of his Employee’s services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive Employee upon submission of any request for reimbursement, and in a format and manner consistent with expense reporting policy of the Company's expense reporting policy. (iviii) The Company shall may provide Executive Employee with other executive perquisites including annualized stock options in DESIGN, the parent company of CXXX SOLUTIONS, INC., as may be available to or deemed appropriate for Executive Employee by the Board of Directors of CXXX and DESIGN and participation in all other companyCompany-wide employee benefits as are available from time to time time. (iv) All bonuses and annualized stock options to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companyreviewed semi-annually.

Appears in 1 contract

Samples: Employment Agreement (Epicedge Inc)

AutoNDA by SimpleDocs

Executive Perquisites, Benefits and Other Compensation. Executive Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance Immediate admittance for participation for Executive and Executive's dependent family members under health(without waiting period, hospitalization, disability, dental, life and pre-existing condition limitation or other insurance plans that the Company may have in effect from time to time. (iiexception) Payment of all premiums for coverage for Executive and Executive's dependent family members Employee under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided with the benefits provided to Executive Employee under this clause (b)(iii) shall to be at least equal to such benefits provided to Pentacon key executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive Employee in the performance of his Employee’s services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive Employee upon submission of any request for reimbursement, and in a format and manner consistent with expense reporting policy of the Company's expense reporting policy. (iviii) The Company shall may provide Executive Employee with other executive perquisites including annualized stock options in DESIGN, the parent company of XXXX SOLUTIONS, INC., as may be available to or deemed appropriate for Executive Employee by the Board of Directors of XXXX and DESIGN and participation in all other companyCompany-wide employee benefits as are available from time to time time. (iv) All bonuses and annualized stock options to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companyreviewed semi-annually.

Appears in 1 contract

Samples: Employment Agreement (Epicedge Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided with benefits provided to Executive under this clause (b)(iii) shall to be at least equal to such benefits provided to Pentacon executivesCompany employees generally; provided, however, that in no event shall the benefits described hereunder be reduced below the level of benefits presently provided to Executive and Executive's dependent family members by the Company. (iiiii) Reimbursement for all business travel and other out-of-pocket business-related expenses (including golf club expenses) reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iviii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board or Metals and participation in all other company-wide employee benefits as are available from time to time time, including but not limited to all Pentacon subsidiaries. In the event any qualified and/or nonqualified retirement plans, bonus plans or stock option plans that may be sponsored by the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companyor Metals for similarly positioned Executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Metals Usa Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(iii) shall to be at least equal to such on terms no less favorable than the benefits provided to Pentacon executives.other MarineMax executives at comparable levels of employment. 3 (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Paid vacation in accordance with the applicable policy of the Company as in effect from time to time, but in no event shall Executive be entitled to less than four (4) weeks paid vacation per year. (iv) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other companyCompany-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Companytime.

Appears in 1 contract

Samples: Employment Agreement (Marinemax Inc)

Executive Perquisites, Benefits and Other Compensation. Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance for participation for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, provided benefits provided to Executive under this clause (b)(ii) shall be at least equal to such benefits provided to Pentacon executives. (iii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iv) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits as are available from time to time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled to participate to the same extent as other executives of the Company.all

Appears in 1 contract

Samples: Employment Agreement (Pentacon Inc)

Executive Perquisites, Benefits and Other Compensation. Executive Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Admittance Payment of premiums for participation coverage for Executive Employee and Executive's dependent family members his spouse and children under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time. (ii) Payment of all premiums for coverage for Executive and Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance employee benefit plans that the Company may have in effect from time to time, provided with benefits provided to Executive Employee under this clause (b)(iii) shall to be at least equal to such not less favorable than the benefits provided to Pentacon other Company executives. (iiiii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive Employee in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive Employee upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) Four (4) weeks paid vacation for each year during the period of employment. Earned and unused paid vacation for each year shall not carry forward to subsequent years. (iv) The Company shall provide Executive Employee with other executive perquisites as may be available to or deemed appropriate for Executive Employee by the Board and participation in all other companyCompany-wide employee benefits as are available from time to time. (v) Employee shall be eligible for stock options and restricted and deferred stock grants under the Company's 1994 Stock Plan as the Board may from time to all Pentacon subsidiaries. In the event the Company adopts a bonus program, the Executive will be entitled time grant to participate to the same extent as other executives of the CompanyEmployee in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Woodroast Systems Inc)

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