Common use of Expenses and Other Benefits Clause in Contracts

Expenses and Other Benefits. All travel, entertainment and other reasonable business expenses incident to the rendering of services by the Executive hereunder will be promptly paid or reimbursed by the Company subject to submission by the Executive in accordance with the Company's policies in effect from time to time. The Executive shall be entitled during the Term of Employment to participate in employee benefit and welfare plans and programs of the Company including any employee incentive stock option plans, qualified or unqualified, to the extent that any other executives or officers of the Company or its subsidiaries are eligible to participate and subject to the provisions, rules, regulations, and laws applicable thereto. Notwithstanding the foregoing, the Company shall provide the Executive, at a minimum, with the following benefits: (a) Coverage, at no expense to the Executive, of the Executive, his wife, if any, and those of his children who qualify as his dependents under Section 152 of the Internal Revenue Code of 1954, under a major medical insurance program with an annual cumulative deductible amount of no more than $500; (b) Coverage of the Executive by life insurance, payable to his designated beneficiary, in the amount of $1,000,000 and, in the event of accidental death or dismemberment, in the amount of $2,000,000. Coverage shall begin the first day of the Term of Employment hereunder and shall continue throughout the Term of Employment; and (c) A paid vacation of four (4) weeks, in addition to any authorized holidays of the Company, during each 12-month period during the Term of Employment.

Expenses and Other Benefits. All travel, entertainment and other reasonable business expenses incident to the rendering of services by the Executive hereunder will be promptly paid or reimbursed by the Company subject to submission by the Executive in accordance with the Company's policies in effect from time to time. The Executive shall be entitled during the Term of Employment to participate in employee benefit and welfare plans and programs of the Company including any employee incentive stock option plans, qualified or unqualified, to the extent that any other executives or officers of the Company or its subsidiaries are eligible to participate and subject to the provisions, rules, regulations, and laws applicable thereto. Notwithstanding the foregoing, the Company shall provide the Executive, at a minimum, with the following benefits: (a) Coverage, at no expense to the Executive, of the Executive, his wife, if any, and those of his children who qualify as his dependents under Section 152 of the Internal Revenue Code code of 1954, under a major medical insurance program with an annual cumulative deductible amount of no more than $500; (b) Coverage of the Executive by term life insurance, payable to his designated beneficiary, in the amount of $1,000,000 1,000,000, and, in the event of accidental death or dismemberment, in the amount of $2,000,000. The premium relating to such coverage shall not exceed $4,000 per year. Coverage shall begin the first day of the Term of Employment hereunder and shall continue throughout the Term of Employment; and (c) A paid vacation of four five (45) weeks, in addition to any authorized holidays of the Company, during each 12-month period during the Term of Employment.

Expenses and Other Benefits. All travel, entertainment and other reasonable business expenses incident to the rendering of services by the Executive hereunder will be promptly paid or reimbursed by the Company subject to submission by the Executive in accordance with the Company's policies in effect from time to time. The Executive shall be entitled during the Term of Employment to participate in employee benefit and welfare plans and programs of the Company including any employee incentive stock option plans, qualified or unqualified, to the extent that any other executives or officers of the Company or its subsidiaries are eligible to participate and subject to the provisions, rules, regulations, and laws applicable thereto. Notwithstanding the foregoing, the Company shall provide the Executive, at a minimum, with the following benefits: (a) Coverage, at no expense to the Executive, of the Executive, his wife, if any, and those of his children who qualify as his dependents under Section 152 of the Internal Revenue Code code of 1954, under a major medical insurance program with an annual cumulative deductible amount of no more than $500;, (b) Coverage of the Executive by life insurance, payable to his designated beneficiary, in the amount of $1,000,000 and, in the event of accidental death or dismemberment, in the amount of $2,000,000. Coverage shall begin the first day of the Term of Employment hereunder and shall continue throughout the Term of Employment; and (c) A paid vacation of four (4) weeks, in addition to any authorized holidays of the Company, during each 12-month period during the Term of Employment.

Expenses and Other Benefits. All travel, entertainment and other reasonable business expenses incident to the rendering of services by the Executive hereunder will be promptly paid or reimbursed by the Company subject to submission by the Executive in accordance with the Company's policies in effect from time to time. The Executive shall be entitled during the Term of Employment to participate in employee benefit and welfare plans and programs of the Company including any employee incentive stock option plans, qualified or unqualified, to the extent that any other executives or officers of the Company or its subsidiaries are eligible to participate and subject to the provisions, rules, regulations, and laws applicable thereto. Notwithstanding the foregoing, the Company shall provide the Executive, at a minimum, with the following benefits: (a) Coverage, at no expense to the Executive, of the Executive, his wife, if any, and those of his children who qualify as his dependents under Section 152 of the Internal Revenue Code code of 1954, under a major medical insurance program with an annual cumulative deductible amount of no more than $500; (b) Coverage of the Executive by life insurance, payable to his designated beneficiary, in the amount of $1,000,000 and, in the event of accidental death or dismemberment, in the amount of $2,000,000. Coverage shall begin the first day of the Term of Employment hereunder and shall continue throughout the Term of Employment; and (c) A paid vacation of four (4) weeks, in addition to any authorized holidays of the Company, during each 12-month period during the Term of Employment.