Expenses; Fringe Benefits. (a) The Company agrees to pay or to reimburse the Employee during the Term for all reasonable, ordinary and necessary business expenses incurred in the performance of his services hereunder in accordance with the policies of the Company as are from time to time in effect. The Employee, as a condition to obtaining such payment or reimbursement, shall provide to the Company any and all statements, bills or receipts evidencing the travel or out-of-pocket expenses for which the Employee seeks payment or reimbursement, and any other information or materials reasonably required by such Company policy or as the Company may otherwise from time to time reasonably require.
(b) During the Term the Employee and, to the extent eligible, his dependents, shall be entitled to participate in and receive all benefits under any welfare benefit plans and programs provided by the Company (including without limitation, medical, dental, disability, group life (including accidental death and dismemberment) and business travel insurance plans and programs) applicable generally to the employees of the Company, subject, however, to the generally applicable eligibility and other provisions of the various plans and programs in effect from time to time. If any of the benefits provided in this subsection are materially reduced, Employee has an immediate right to terminate this Agreement.
(c) During the Term the Employee shall be entitled to participate in all retirement plans and programs (including without limitation any profit sharing/401(k) plan) applicable generally to the employees of the Company, subject, however, to generally applicable eligibility and other provisions of the various plans and programs in effect from time to time. In addition, during the Term the Employee shall be entitled to receive fringe benefits and perquisites in accordance with the plans, practices, programs and policies of the Company from time to time in effect, available generally to the executive officers of the Company and consistent with the generally applicable guidelines determined by the Board. If any of the benefits provided in this subsection are materially reduced, Employee has an immediate right to terminate this Agreement.
(d) The Employee shall be entitled to as many vacation days, holidays, sick days and personal days consistent with the Company’s policies for similarly situated employees.
Expenses; Fringe Benefits. (a) During the Term, the Executive shall be entitled to participate in the benefit plans established by the Company for the benefit of its key executives.
(b) The Executive shall be entitled to four (4) weeks of paid vacation.
(c) The Executive shall have an automobile or an automobile allowance of $600.00 per month minimum.
Expenses; Fringe Benefits. During the Term, the Executive shall be eligible for all benefits in accordance with the Company policies in effect from time to time and shall be subject to policies applicable to expenses and benefits of the Company. Notwithstanding anything contained herein to the contrary, the Company reserves the right to modify, amend or terminate any employee benefit plan or policy as it deems appropriate in its discretion; provided that unless required by law, the Company shall not amend, modify or terminate any such plan or policy in a manner that treats the Executive differently from other similarly situated employees.
Expenses; Fringe Benefits. (a) In addition to the compensation provided for under Section 4, the Company agrees to pay or to reimburse the Executive during the Term for all reasonable, ordinary and necessary vouchered business or entertainment expenses incurred in the performance of his duties hereunder in a manner established by the Company's policy as from time to time in effect.
(b) During the Term the Executive shall be entitled to participate in a health care plan at the Company's expense and such life insurance and 401K plans and other employee benefit plans which become available to senior employees of the Company, including participation in any stock plans and annual incentive plans established by the Company. The executive may add family members to the company's health plan at the executive's expense.
(c) The Executive shall be entitled to a combined 2 weeks 10 business days of paid vacation per calendar year in addition to ten 10 public holidays provided that no more than ten 10 consecutive days of vacation shall be taken at any one time without the prior approval of the Chief Executive Officer of the Company.
Expenses; Fringe Benefits. (a) The Company agrees to pay or to reimburse the Executive during the Term for all reasonable, ordinary and necessary vouchered business or entertainment expenses incurred in the performance of his services hereunder in accordance with the policy of the Company as from time to time in effect.
(b) During the Term, the Executive and, to the extent eligible, his dependents, shall be entitled to participate in and receive all benefits under any employee benefit plans and programs provided by the Company (including without limitation, medical, dental, disability, group life (including accidental death and dismemberment) and business travel insurance plans and programs) applicable generally to executive officers of the Company, subject, however, to the terms and conditions of the various plans and programs in effect from time to time.
(c) During the Term, the Company will provide the Executive with an automobile allowance not to exceed $7,200 per year (or that amount equal to what other executives of the Company of similar position are provided) to cover his costs of leasing, insuring, garaging and maintaining an automobile for use in the business of the Company.
(d) The Executive shall be entitled to paid vacation during the Term of 4 weeks per year or otherwise in accordance with the vacation policy of the Company applicable generally to executive officers of the Company in effect from time to time, to be taken at such time(s) as shall not materially interfere with the Executive's fulfillment of his duties hereunder, and shall be entitled to as many holidays, sick days and personal days as are in accordance with the Company's policy then in effect for its executive officers generally.
Expenses; Fringe Benefits. During the Employment Period:
(a) The Company shall reimburse Executive for all reasonable and customary expenses incurred by her in the course of performing her duties under this agreement which are consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company's requirements with respect to reporting and documentation of such expenses.
(b) The Executive shall be entitled to four weeks vacation each year in accordance with the Company's vacation policies.
(c) The Company shall pay for, or reimburse, the Executive's round trip economy-class airfare for commuting between work and her home in Florida for the weekend and for vacation, personal and sick leave.
(d) The Company shall provide the Executive and members of her immediate family with health insurance, dental insurance, disability insurance, life insurance, pension plans (including 401(k) plans) and any similar benefits under policies no less favorable to the Executive than the ones (i) currently in effect for the Company's senior executive officers (if any) and (ii) offered from time to time to the Company's other senior executive officers. During the term of the Agreement, the Company shall maintain term life insurance coverage on the life of the Executive in the amount of $3,000,000, the proceeds of which shall be payable to the beneficiary or beneficiaries designated by the Executive. The Executive agrees to undergo any reasonable physical examination and other procedures as may be necessary to maintain such policy. If the Company is not able to obtain such policy due to Executive's physical examination results, an AD&D (accidental death and dismemberment) policy of an equivalent amount will be obtained in lieu of the term life insurance coverage. In addition, the Company may obtain key-man term life insurance on the life of the Executive and the Company shall be the beneficiary under such policy.
(e) The Company shall pay the Executive's COBRA costs for her current health benefits until the earlier of the commencement of the Executive's coverage under the Company's health benefits or the thirtieth day following the date on which the Executive becomes eligible for coverage under the Company's health benefits.
(f) The Company shall reimburse the Executive for up to $1,000 per month for expenses reasonably incurred in connection with her use of an automobile.
(g) The Company shall reimburse the Executive fo...
Expenses; Fringe Benefits. (a) The Company agrees to pay or to reimburse the Executive for all business or entertainment expenses incurred during the Term in the performance of his services hereunder in accordance with the policy of the Company as from time to time in effect. The Executive shall provide to the Company any and all statements, bills or receipts evidencing the travel or out-of-pocket expenses for which the Executive seeks payment or reimbursement.
(b) During the Term, the Executive and, to the extent eligible, his dependents, shall be eligible to participate in and receive all benefits under any welfare benefit plans and programs (including without limitation, medical, hospitalization, dental, prescription, disability, group life (including accidental death and dismemberment) and business travel insurance plans and programs) provided by the Company to its employees generally and (without duplication) to its senior executives generally.
(c) During the Term, the Executive shall be eligible to participate in all retirement plans and programs (including without limitation any profit sharing/401(k) plan) provided by the Company to its employees generally and (without duplication) to its senior executives generally. In addition, during the Term, the Executive shall be entitled to receive fringe benefits and perquisites in accordance with the plans, practices, programs and policies of the Company from time to time in effect which are made available to its employees generally and (without duplication) to the senior executives of the Company generally.
(d) The Company shall make all payments with respect to leasing or owning, maintaining, operating and insuring an automobile, including the costs of any telecommunications equipment provided therein.
(e) The Executive shall be entitled to four weeks paid vacation annually and shall be entitled to as many holidays, sick days and personal days as are in accordance with the Company's policy then in effect for its senior executives generally.
Expenses; Fringe Benefits. During the Employment Period:
Expenses; Fringe Benefits. During the employment of the Executive under this agreement: (a) The Company shall reimburse the Executive, on presentation of vouchers or other evidence of such expenses in accordance with the policies of the Company, for all reasonable business expenses incurred by him in the performance of his duties for the Company.
Expenses; Fringe Benefits. During the employment of the Executive under this Agreement:
(a) The Company shall reimburse the Executive, on presentation of vouchers or other evidence of such expenses in accordance with the policies of the Company, for all reasonable business expenses incurred by him in the performance of his duties for the Company in accordance with the Company’s policies with respect thereto as in effect from time to time.
(b) Executive will be entitled to participate in the same manner as other employees of the Company in any employee benefit plans which the Company provides or may establish for the benefit of its employees generally (including, without limitation, group life, disability, medical, dental and other insurance, tax benefit and planning services, 401(k), retirement, pension, profit-sharing and similar plans) (collectively, the “Fringe Benefits"), provided that the Fringe Benefits will not include any stock option or similar plans relating to the grant of equity securities of the Company.
(c) The Executive shall be entitled to two weeks of vacation.
