Common use of Medical Insurance and Other Benefits Clause in Contracts

Medical Insurance and Other Benefits. During the Term, Executive shall be entitled to the following benefits: (a) Executive shall be entitled to participate in any medical and dental insurance plans generally available to the senior management of the Company, as such plans may be in effect from time to time. (b) Executive shall be entitled to receive or participate in such further savings, deferred compensation, life insurance, health or welfare benefit plans offered to the Company's senior management generally, in accordance with the terms of such plans as they may be amended from time to time in the discretion of the Company. (c) The Company agrees to reimburse Executive for all reasonable, ordinary and necessary business expenses incurred by Executive in performing his duties pursuant to this Agreement, in accordance with Company's reimbursement policies generally applicable to management personnel. (d) Executive shall be entitled to receive a five thousand dollar ($5,000) annual allowance for tax preparation, planning and advice. (e) Executive shall be entitled to paid time off as provided under the terms of the Company's paid time off policy.

Appears in 2 contracts

Samples: Employment Agreement (Collegiate Funding Services Inc), Employment Agreement (Collegiate Funding Services Inc)

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Medical Insurance and Other Benefits. (A) During the Term, Executive shall be entitled to the following benefits: (a) Term of this Agreement Executive shall be entitled to participate in any medical and dental insurance plans generally available to the senior management of the Company, as such plans may be in effect from time to time. (bB) Executive shall be entitled to receive or participate in such further savings, deferred compensation, life insurance, health or welfare benefit plans offered to the Company's senior management generally, in accordance with the terms of such plans as they may be amended from time to time in the discretion of the Company. (cC) The Company agrees to reimburse Executive for all reasonable, ordinary and necessary business expenses incurred by Executive in performing his duties pursuant to this Agreement, in accordance with Company's reimbursement policies generally applicable to management personnel. (dD) Executive shall be entitled to receive a five thousand dollar ($5,000) annual allowance for tax preparation, planning and advice. (eE) Executive shall be entitled to paid time off as provided under the terms of the Company's paid time off policy.; provided that Executive shall be provided credit for four (4) years of service at Y2M.

Appears in 1 contract

Samples: Employment Agreement (Collegiate Funding Services Inc)

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Medical Insurance and Other Benefits. During the Term, Executive shall be entitled to the following benefits: (a) Executive shall be entitled to participate in any medical and dental insurance plans generally available to the senior management of the Company, as such plans may be in effect from time to time. (b) Executive shall be entitled to receive or participate in such further savings, deferred compensation, life insurance, health or welfare benefit plans offered to the Company's senior management generally, in accordance with the terms of such plans as they may be amended from time to time in the discretion of the Company. (c) The Company agrees to reimburse Executive for all reasonable, ordinary and necessary business expenses incurred by Executive in performing his duties pursuant to this Agreement, in accordance with Company's reimbursement policies generally applicable to management personnel. (d) Executive shall be entitled to receive a five ten thousand dollar ($5,00010,000) annual allowance for tax preparation, planning and advice. (e) Executive shall be entitled to paid time off as provided under the terms of the Company's paid time off policy.

Appears in 1 contract

Samples: Employment Agreement (Collegiate Funding Services Inc)

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