FRINGE BENEFITS; VACATIONS Sample Clauses

FRINGE BENEFITS; VACATIONS. During the Employment Period, the Employee shall be entitled to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Employer which may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Employer having comparable positions. The Employee shall be entitled to vacations with pay in accordance with the policies of the Employer in effect from time to time.
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FRINGE BENEFITS; VACATIONS. (a) During the Employment Period, Executive shall be entitled to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Company which may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Company having comparable positions. (b) Executive shall be entitled to twenty days of vacation with pay during each year of employment, which vacation time shall accrue pro rata during each year of employment according to the portion of such year of employment during which Executive has served.
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FRINGE BENEFITS; VACATIONS. (a) During the Employment Period, Executive shall be entitled to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Company which may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Company having comparable positions. (b) Executive shall be entitled to vacations with pay in accordance with the policies of Employer in effect from time to time. (c) The Company shall pay Executive $500.00 per month as reimbursement for disability insurance which the Executive has or will individually obtain. (d) The Company shall obtain and pay for the Executive's family hospitalization coverage having substantially the terms of the coverage currently held by Executive. (e) The Company shall provide at its expense and for the exclusive use of Executive a luxury class automobile and shall pay all maintenance and insurance expenses associated therewith. (f) Upon termination of the Employment Period for any reason, the Company will offer to sell the vehicle described in Section 6(e) to Executive or his representative at the depreciated cost shown on the Company books including depreciation up to the end of month of termination. Upon termination Executive may purchase such vehicle at the price indicated or return the vehicle to the Company. (g) The stock option previously issued to Executive pursu- ant to the Company's Non-Qualified Stock Option Plan (the "Plan") is hereby amended to make the option fully assignable and transferable, and Section 4.02 of the Plan is hereby amended to the extent and only to the extent necessary to make the options issued to Messrs. Morris Shwiff, Mark I. Xxxxxx xxx Xrex Xxxxxx xx xxansfexxxxx xxx xssignable.
Sample 1
FRINGE BENEFITS; VACATIONS. (a) During the Employment Period, Executive shall be entitled to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Company which may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Company having comparable positions. (b) Executive shall be entitled to twenty days of vacation with pay during each year of employment, which vacation time shall accrue pro rata during each year of employment according to the portion of such year of employment during which Executive has served. (c) During the Employment Period, the Company shall provide for the Executive's exclusive use a General Motors automobile in the STS or similar class at the Company's expense, including insurance and maintenance.
Sample 1
FRINGE BENEFITS; VACATIONS. During the Employment Period, the Employee shall be entitled to three weeks of vacation a year, and to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Employer which may be in effect form time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Employer having comparable positions.
Sample 1
FRINGE BENEFITS; VACATIONS. During the Employment Period, the Employee and Employee's family members shall be entitled to participate in or receive benefits under such pension, medical and life insurance and other employee benefit plans of the Employer which may be in effect from time to time, to the extent he is eligible under the terms of those plans, on the same basis as other employees of the Employer having comparable positions. The Employee shall be entitled to three (3) weeks of vacation with pay annually and to all holidays provided under Employer's regular holiday schedule. In addition, the Employer will purchase and maintain in force during the term of this Agreement a Two Million Dollar ($2,000,000) key-man term life insurance policy covering the Employee, with the Employer as beneficiary. The Employer agrees to maintain in force director and officer liability insurance during the term of this Agreement in the amount of $1,000,000.
Sample 1
FRINGE BENEFITS; VACATIONS 
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Related to FRINGE BENEFITS; VACATIONS

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Company Benefits Subject to the satisfaction of the general rules for eligibility and participation under the Company’s standard employee benefit plans and practices, Executive shall be allowed to participate in the Company’s standard employee benefit plans and practices which may be in effect from time to time during the term of Executive’s employment and are provided by the Company to its employees generally. Such participation shall be governed by the applicable plan documents, and the Company reserves the right, in its discretion, to amend, modify, or discontinue any benefit plan or practice.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

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