Common use of Fringe Benefits, Perquisites, and Paid Time Off Clause in Contracts

Fringe Benefits, Perquisites, and Paid Time Off. During the Term, Executive shall be entitled to participate in all fringe benefits and perquisites made available to other senior executives of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his position and responsibilities at the Company and that are no less favorable than those applicable to other senior executives of the Company. In addition, Executive shall be eligible for up to thirty (30) days of paid time off (“PTO”) per calendar year in accordance with the Company’s vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner as PTO days for employees of the Company generally accrue. Except as provided in Section 5.1(e)(ii)(B) below, up to five (5) unused PTO days may be carried over to the following calendar year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Neurologix Inc/De), Executive Employment Agreement (Neurologix Inc/De)

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Fringe Benefits, Perquisites, and Paid Time Off. During the Term, Executive shall be entitled to participate in all fringe benefits and perquisites made available to other senior executives of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his her position and responsibilities at the Company and that are no less favorable than those applicable to other senior executives of the Company. In addition, Executive shall be eligible for up to thirty (30) days of paid time off (“PTO”) per calendar year in accordance with the Company’s vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner as PTO days for employees of the Company generally accrue. Except as provided in Section 5.1(e)(ii)(B) below, up to five (5) unused PTO days may be carried over to the following calendar year.

Appears in 2 contracts

Samples: Executive Employment Agreement (CoLabs Int'l, Corp.), Executive Employment Agreement (CoLabs Int'l, Corp.)

Fringe Benefits, Perquisites, and Paid Time Off. During the Term, Executive shall be entitled to participate in all fringe benefits and perquisites made available to other senior executives of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his or her or their position and responsibilities at the Company and that are no less favorable than those applicable to other senior executives of the Company. In addition, Executive shall be eligible for up to thirty (30) days of paid time off (“PTO”) per calendar year in accordance with the Company’s vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner as PTO days for employees of the Company generally accrue. Except as provided in Section 5.1(e)(ii)(B) below, up to five (5) Accrued and unused PTO days may be carried over to the following calendar year.

Appears in 1 contract

Samples: Executive Employment Agreement (Safe Pro Group Inc.)

Fringe Benefits, Perquisites, and Paid Time Off. During the Term, Executive shall be entitled to participate in all fringe benefits and perquisites made available to other senior executives of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his or her or their position and responsibilities at the Company and that are no less favorable than those applicable to other senior executives of the Company. In addition, Executive shall be eligible for up to thirty 30 days (30about 4 and a half weeks) days of paid time off (“PTO”) per calendar year in accordance with the Company’s vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner as PTO days for employees of the Company generally accrue. Except as provided in Section 5.1(e)(ii)(B) below, up to five (5) Accrued and unused PTO days may be carried over to the following calendar year.

Appears in 1 contract

Samples: Employment Agreement (Metavesco, Inc.)

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Fringe Benefits, Perquisites, and Paid Time Off. During the Term, Executive shall be entitled to participate in all fringe benefits and perquisites made available to other senior executives of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his position and responsibilities at the Company and that are no less favorable than those applicable to other senior executives of the Company. In addition, Executive shall be eligible for up to thirty (30) days of paid time off (“PTO”) per calendar year in accordance with the Company’s vacation and PTO policy, inclusive of vacation days and sick days and excluding standard paid Company holidays, in the same manner as PTO days for employees of the Company generally accrue. Except as provided in Section 5.1(e)(ii)(B) below, up to five (5) unused PTO days may be carried over to the following calendar year.

Appears in 1 contract

Samples: Executive Employment Agreement (CoLabs Int'l, Corp.)

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