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 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 is entitled to unlimited paid time off (“PTO”) as needed, subject to prior approval by the Chief Executive Officer or Executive Vice President, so long as doing so is consistent and in balance with their job responsibilities and business needs.

Appears in 2 contracts

Samples: Executive Employment Agreement (Alternative Ballistics Corp), Executive Employment Agreement (Alternative Ballistics Corp)

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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 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 is entitled to unlimited paid time off (“PTO”) as needed, subject to prior approval by the Chief Executive Officer or Executive Vice President, so long as doing so is consistent and in balance with their job responsibilities and business needs.

Appears in 1 contract

Samples: Executive Employment Agreement (Alternative Ballistics Corp)

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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 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 is entitled to unlimited paid time off (“PTO”) as needed, subject to prior approval by the Chief Executive Officer or Executive Vice PresidentOfficer, so long as doing so is consistent and in balance with their job responsibilities and business needs.

Appears in 1 contract

Samples: Executive Employment Agreement (Alternative Ballistics Corp)

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