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

Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive shall be entitled to receive additional benefits and compensation from First Charter in such form and to such extent as specified below: i. Payment of all or a portion of premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that First Charter may have in effect from time to time. Benefits provided to Executive under this Section 2.c.i. will require Executive to pay the same proportion of premiums for, and shall provide benefits at least equal to, the benefits then provided to First Charter's other executive employees. ii. 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 First Charter's expense reporting policy. iii. First Charter shall provide Executive with other employee perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated herein, and may be amended from time to time in the discretion of the Board. iv. Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended from time to time with the consent of the parties.

Appears in 5 contracts

Samples: Employment Agreement (First Charter Corp /Nc/), Employment Agreement (First Charter Corp /Nc/), Employment Agreement (First Charter Corp /Nc/)

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Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive shall be entitled to receive additional benefits and compensation from First Charter Fifth Third in such form and to such extent as specified below: i. Payment of all or a portion of premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that First Charter Fifth Third may have in effect from time to time. Benefits provided to Executive under this Section 2.c.i. 2(c)(ii) will require Executive to pay the same proportion of premiums for, and shall provide benefits at least equal to, the benefits then provided to First Charter's Fifth Third’s other executive employees. ii. 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 First Charter's Fifth Third’s expense reporting policy. iii. First Charter Fifth Third shall provide Executive with other employee perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First CharterFifth Third, as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated herein, and may be amended from time to time in the discretion of the Board. iv. In addition, Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended or modified from time to time with the consent of the partiestime.

Appears in 3 contracts

Samples: Employment Agreement (Fifth Third Bancorp), Employment Agreement (Fifth Third Bancorp), Employment Agreement (Fifth Third Bancorp)

Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive Employee shall be entitled to receive additional benefits and compensation from First Charter the Company in such form and to such extent as specified below: i. (i) Payment of all or a that portion of the total premiums for coverage for Executive and his dependent family members Employee under health, hospitalization, disability, dental, life and other insurance plans that First Charter the Company may have in effect from time to time, to the extent permitted by law without triggering any penalties or taxes on either the Company or Employee under the Patient Protection and Affordable Care Act and/or Internal Revenue Code. Benefits The benefits provided to Executive Employee under this Section 2.c.i. will require Executive to pay the same proportion of premiums for, and clause (i) shall provide benefits be at least equal to, the to such benefits then provided to First Charter's other executive employeesexecutives or employees in similar positions at the Company. (ii. ) 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 First Charterthe Company's expense reporting policy. (iii. First Charter ) The Company shall provide Executive Employee with other employee executive perquisites (including, but not limited to, participation in the Company's Long-Term Incentive Plan) as may be available to or deemed appropriate for Executive Employee by the Board and participation in all other companyCompany-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, benefits as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated hereinEmployee shall be entitled to five (5) weeks of vacation per year in addition to all Federal holidays. Vacation shall be non-cumulative, and if not used, shall expire on December 31 of each year of this Agreement unless extended in writing by the Company. (iv) On at least an annual basis, the Company’s Board, together with the Compensation Committee of the Company's Board, if any, will review Employee's performance and may award Employee performance-based compensation in its sole discretion, if deemed warranted. Any such performance-based compensation may be amended from time to time in the discretion cash or in securities of the Board. iv. Schedule BCompany, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participateor any combination thereof, and shall be subject to such timing of receipt, vesting and any other conditions (including but not limited to conditions which may extend beyond the termination of this contract) as imposed by the Board at the time of such grant and at the time of adoption of any plan under which such performance-based compensation may be amended from time to time with the consent of the partiesgranted, if any.

Appears in 3 contracts

Samples: Executive Employment Agreement (Ronco Brands, Inc.), Executive Employment Agreement (Ronco Brands, Inc.), Executive Employment Agreement (Ronco Brands, Inc.)

Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive shall be entitled to receive additional benefits and compensation from First Charter in such form and to such extent as specified below: i. Payment of all or a portion of premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that First Charter may have in effect from time to time. Benefits provided to Executive under this Section 2.c.i. 2(c)(ii) will require Executive to pay the same proportion of premiums for, and shall provide benefits at least equal to, the benefits then provided to First Charter's ’s other executive employees. ii. 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 First Charter's ’s expense reporting policy. iii. First Charter shall provide Executive with other employee perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated herein, and may be amended from time to time in the discretion of the Board. iv. In addition, Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended or modified from time to time with the consent of the partiesParties.

Appears in 2 contracts

Samples: Employment Agreement (First Charter Corp /Nc/), Employment Agreement (First Charter Corp /Nc/)

Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive shall be entitled to receive additional benefits and compensation from First Charter the Company in such form and to such extent as specified below: i. Payment of all or a portion of premiums (i) Admittance for coverage participation for Executive and his Executive's dependent family members under health, hospitalization, disability, dental, life and other insurance plans that First Charter the Company may have in effect from time to time. Benefits , with benefits provided to Executive under this Section 2.c.i. will require Executive clause (i) to pay the same proportion of premiums for, and shall provide benefits be at least equal toto such benefits provided to Company employees generally; provided, however, that in no event shall the benefits then described hereunder be reduced below the level of benefits presently provided to First CharterExecutive and Executive's other executive employeesdependent family members by the Company. (ii. ) 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 First Charterthe Company's expense reporting policy. (iii. First Charter ) The Company shall provide Executive with other employee executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other companyCompany-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, benefits as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto including but not limited to any qualified and/or nonqualified retirement plans, bonus plans and incorporated herein, and stock option plans that may be amended from time to time in sponsored by the discretion of the BoardCompany and/or Metals for similarly positioned employees. iv. Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended from time to time with the consent of the parties.

Appears in 1 contract

Samples: Founders' Employment Agreement (Metals Usa Inc)

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Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 below), Executive shall be entitled to receive additional benefits and compensation from First Charter in such form and to such extent as specified below: i. Payment of all or a portion of premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that First Charter may have in effect from time to time. Benefits provided to Executive under this Section 2.c.i. 2(c)(ii) will require Executive to pay the same proportion of premiums for, and shall provide benefits at least equal to, the benefits then provided to First Charter's other executive employees. ii. 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 First Charter's expense reporting policy. iii. First Charter shall provide Executive with other employee perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated herein, and may be amended from time to time in the discretion of the Board. iv. In addition, Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended or modified from time to time with the consent of the partiesParties.

Appears in 1 contract

Samples: Employment Agreement (First Charter Corp /Nc/)

Executive Perquisites, Benefits and Other Compensation. During the Employment Term (as defined in Section 3 4 below), Executive shall be entitled to receive additional benefits and compensation from First Charter in such form and to such extent as specified below: i. Payment of all or a portion of premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that covering executive officers of First Charter and its subsidiaries as may have be in effect from time to time. Benefits provided to Executive under this Section 2.c.i. will require Executive to pay the same proportion of premiums for, and shall provide benefits at least equal to, the benefits then provided to First Charter's other executive employees. ii. 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 First Charter's expense reporting policy. iii. First Charter shall provide Executive with other employee perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other company-wide employee benefits, including but not limited to, any qualified and/or nonqualified retirements plans sponsored by First Charter, as such are available from time to time. Such current additional perquisites are listed on Schedule A, which is attached hereto and incorporated herein, and may be amended from time to time in the discretion of the Board... iv. Schedule B, which is attached hereto and incorporated herein, lists those other supplemental benefits in which Executive is currently entitled to participate, and may be amended from time to time with the consent of the parties. Such benefits will include, without limitation, Executive's existing Deferred Compensation Agreements with Carolina First, which First Charter hereby expressly assures and agrees to honor in accordance with their terms.

Appears in 1 contract

Samples: Employment Agreement (First Charter Corp /Nc/)

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