Common use of FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC Clause in Contracts

FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays and sick leave benefits in accordance with the Company’s policies for executive employees. (b) The Executive and/or his family shall be entitled to medical and disability insurance from the Company in accordance with the Company’s policies for employees. Such coverage shall be paid for by the Company. If this Agreement is terminated (x) by the Executive for Good Reason or disability or (y) by the Company for other than Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company during the period that the Executive or his beneficiaries are eligible to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability insurance, as directed by the Executive. (d) The Company agrees to pay, or promptly reimburse the Executive for, all reasonable expenses (including, without limitation, any costs of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company); provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s practices and procedures. (e) Executive shall be entitled to participate in those retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s executive employees and such new retirement plans, if any, as may be adopted by the Company from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Millstream Acquisition Corp), Employment Agreement (Millstream Acquisition Corp), Employment Agreement (Millstream Acquisition Corp)

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FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays and sick leave benefits in accordance with the Company’s 's policies for executive employees. (b) The Executive and/or his family shall be entitled to medical and disability insurance from the Company in accordance with the Company’s 's policies for employees. Such coverage shall be paid for by the Company. If this Agreement is terminated (x) by the Executive for Good Reason or disability or (y) by the Company for other than Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company during the period that the Executive or his beneficiaries are eligible to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability insurance, as directed by the Executive. (d) The Company agrees to pay, or promptly reimburse the Executive for, all reasonable expenses (including, without limitation, any costs of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company); provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s 's practices and procedures. (e) Executive shall be entitled to participate in those retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s 's executive employees and such new retirement plans, if any, as may be adopted by the Company from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Millstream Acquisition Corp), Employment Agreement (Millstream Acquisition Corp), Employment Agreement (Millstream Acquisition Corp)

FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays holidays, and sick leave benefits in accordance with the Company’s policies for executive employees. (b) The Executive and/or his family shall be entitled to medical and disability insurance from the Company in accordance with the Company’s policies for employees. Such coverage shall be paid for by the Company. If this Agreement is terminated before the end of its current term (x) by the Executive for Good Reason or disability or (y) by the Company for other than without Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company Company, during the period that the Executive or his beneficiaries are eligible to receive benefits coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability insurance, as directed by the Executive. (d) The Except as provided in Section 15, the Company agrees to pay, or promptly reimburse the Executive for, all any reasonable expenses (including, without limitation, any costs and necessary expense incurred by the Executive in performing his duties for the Company during the term of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company)this Agreement; provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s practices and procedures. (e) Executive shall be entitled to participate in those such retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s executive employees and such new retirement plans, if any, as may be adopted by at the Company from time to timesame location.

Appears in 2 contracts

Samples: Employment Agreement (NationsHealth, Inc.), Employment Agreement (NationsHealth, Inc.)

FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays and sick leave benefits in accordance with the Company’s policies for executive employees. (b) The Executive and/or his family shall be entitled to medical and disability Disability insurance from the Company in accordance with the Company’s policies for employees. Such coverage shall be paid for by the Company. If this Amended Agreement is terminated (x) by the Executive for Good Reason or disability Disability or (y) by the Company for other than Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company during the period that the Executive or his beneficiaries are eligible to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability Disability insurance, as directed by the Executive. (d) The Company agrees to pay, or promptly reimburse the Executive for, all reasonable expenses (including, without limitation, any costs of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company); provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s practices and procedures. (e) Executive shall be entitled to participate in those retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s executive employees and such new retirement plans, if any, as may be adopted by the Company from time to time.

Appears in 1 contract

Samples: Employment Agreement (NationsHealth, Inc.)

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FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays holidays, and sick leave benefits in accordance with the Company’s policies for executive employees. (b) The Executive and/or his her family shall be entitled to medical and disability insurance from the Company in accordance with the Company’s policies for employees. Such coverage shall be paid for by the Company. If this Agreement is terminated before the end of its current term (x) by the Executive for Good Reason or disability or (y) by the Company for other than without Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company Company, during the period that the Executive or his her beneficiaries are eligible to receive benefits coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability insurance, as directed by the Executive. (d) The Except as provided in Section 15, the Company agrees to pay, or promptly reimburse the Executive for, all any reasonable expenses (including, without limitation, any costs and necessary expense incurred by the Executive in performing her duties for the Company during the term of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company)this Agreement; provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s practices and procedures. (e) Executive shall be entitled to participate in those such retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s executive employees and such new retirement plans, if any, as may be adopted by at the Company from time to timesame location.

Appears in 1 contract

Samples: Employment Agreement (NationsHealth, Inc.)

FRINGE BENEFITS, REIMBURSEMENT OF EXPENSES, ETC. (a) The Executive shall be entitled to paid vacation, holidays holidays, and sick leave benefits in accordance with the Company’s policies for executive employees. (b) The Executive and/or his family shall be entitled to medical medical, life and disability insurance from the Company in accordance with the Company’s policies for employees. Such coverage shall be paid for by the Company. If this Amended Agreement is terminated before the end of its current term (x) by the Executive for Good Reason or disability or (y) by the Company for other than without Cause, the Company and any of its successors and assigns shall provide to Executive similar medical coverage to that described above, at the expense of the Company Company, during the period that the Executive or his beneficiaries are eligible to receive benefits coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). (c) The Company agrees to pay up to $10,000 per year toward premiums or to reimburse Executive for premiums for life or disability insurance, as directed by the Executive. (d) The Except as provided in Section 16, the Company agrees to pay, or promptly reimburse the Executive for, all any reasonable expenses (including, without limitation, any costs and necessary expense incurred by the Executive in performing his duties for the Company during the term of private counsel or investigators, incurred in connection with representation of Executive relating to audits, inquiries, regulatory reviews or any similar matters of the Company)this Amended Agreement; provided, however, that the Executive furnishes appropriate documentation for such expenses in accordance with the Company’s practices and procedures. (e) Executive shall be entitled to participate in those such retirement plans, both defined contribution and defined benefit, qualified and non-qualified, as are then currently available to the Company’s executive employees and such new retirement plans, if any, as may be adopted by at the Company from time to timesame location.

Appears in 1 contract

Samples: Employment Agreement (NationsHealth, Inc.)

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