Common use of Fringes Clause in Contracts

Fringes. 6.1 Executive shall be entitled to vacations, health care benefits, fringe benefits and 3 reimbursement for reasonable out-of-pocket expenses, including but not limited to those hereinafter detailed, in accordance with the Company's practices covering executive personnel. The Company shall use reasonable efforts to seek waivers of waiting periods, if any, applicable to particular benefits. Such benefits shall include: 6.1.1 Health Insurance coverage with major medical, dental and disability insurance benefits equal to those benefits available to employees; the Company will pay 100% of the monthly premiums for Executive and immediate family members; 6.1.2 Reimbursement of all properly approved travel and business related expenses normally paid by the Company. All expense reports must be approved by the President or the Board of Directors prior to reimbursement; 6.1.3 Paid vacation per calendar year of not more than 3 weeks unless otherwise authorized by the Board of Directors at any time or times selected by Executive taking into account the convenience of the Company. Executive shall give the Board of Directors of the Company at least 14 calendar days prior notice of selected vacation times of one week or more. Unused vacation time will not be cumulative from year to year unless approved by the Board of Directors.

Fringes. 6.1 Executive shall be entitled to vacations, health care benefits, fringe benefits and 3 reimbursement for reasonable out-of-pocket expenses, including but not limited to those hereinafter detailed, in accordance with the Company's practices covering executive personnel. The Company shall use reasonable efforts to seek waivers of waiting periods, if any, applicable to particular benefits. Such benefits shall include: 6.1.1 Health Insurance coverage with major medical, dental and disability insurance benefits equal to those benefits available to employees; the Company will pay 100% of the monthly premiums for Executive and immediate family members; 6.1.2 Reimbursement of all properly approved travel and business related expenses normally paid by the Company. All expense reports must be approved by the President or the Board of Directors prior to reimbursement; 6.1.3 Paid vacation per calendar year of not more than 3 weeks unless otherwise authorized by the Board of Directors at any time or times selected by Executive taking into account the convenience of the Company. Executive shall give the Board of Directors of the Company at least 14 calendar days prior notice of selected vacation times of one week or more. Unused vacation time will not be cumulative from year to year unless approved by the Board of Directors.