OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under this Agreement, the Executive will be entitled to the following additional benefits:
(a) The Executive will be entitled to participate in, the Corporation’s health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Executive will also receive the following:
(i) Life insurance benefits will be provided at an amount not less than three times base salary (subject to a physical examination);
(ii) Disability insurance in an amount equal to two-thirds anticipated total annual cash compensation;
(iii) Executive Supplemental Medical Plan which will provide up to $10,000.00 per year in supplemental medical and dental coverage for items not covered under other CTG medical and dental plans or HMOs (but not including voluntary cosmetic surgery);
(iv) Travel insurance with aggregate coverage inclusive of the insurance provided under the Corporation’s American Express card program, in an amount equal to four times base compensation;
(v) Reimbursement of up to $4,000.00 per year for personal tax advice;
(vi) Participation in the Corporation’s Deferred Compensation Plan subject to the contribution rates as determined by the Compensation Committee; and
(vii) Annual luncheon club dues.
OTHER BENEFITS AND TERMS. Except as otherwise provided, during the term of Executive's employment through the Retirement Date, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in the Corporation's health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation. Notwithstanding the foregoing, life insurance benefits will be provided at an amount not less than one times base salary.
(b) The Executive will be entitled to any other fringe benefit from time to time generally offered to all or substantially all senior executive employees who are employed by the Corporation.
(c) The Corporation will provide the Executive with the use of an automobile or an auto use allowance that is commensurate with his position.
(d) The Executive will be entitled to limited use of the Corporation's aircraft for non-business purposes, not to exceed usage in excess of incremental cost to the Corporation of $110,000 (the "Personal Use Limitation") during the period May 1 ,2005 through the Retirement Date, and subject to the terms of the Corporation's Aircraft Use Guidelines as amended from time to time. If Executive relocates his residence outside of the State of Illinois, travel at the request of the Corporation from his residence to the Corporation's executive office and return travel to his residence will not be charged against the Personal Use Limitation. Executive's use of the Corporation's aircraft to attend board meetings of corporations or entities other than the Corporation will be charged against the Personal Use Limitation. If the Executive's use of the Corporation's aircraft is for business purposes, his spouse accompanying him on such travel will not cause the use to be charged against the Personal Use Limitation.
(e) The Corporation will pay on behalf of or reimburse the Executive for personal legal and financial advice in calendar year 2005 an amount not to exceed $15,000 less amounts, if any, claimed by the Executive under the Employment Agreement for 2005 prior to the Effective Date.
(f) Notwithstanding anything to the contrary, for purposes of determining the Executive's benefits under the Corporation's Supplemental Executive Retirement Plan...
OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under this Agreement, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in, the Company’s health and medical benefit plans, any profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Company. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Executive will be entitled to any other benefit from time to time generally offered to all or substantially all senior executive employees who are employed by the Company.
(c) The Company will provide the Executive with the use of an automobile or with an auto use allowance that is commensurate with his position in accordance with the Corporation’s policy.
(d) The Executive will be entitled to limited use (up to 25 hours per year) of the Corporation's aircraft for non-business purposes subject to the terms of the Corporation's Aircraft Use Guidelines. The provision of this benefit is subject to future modification by the Company in its discretion, in exchange for benefits of substantially equivalent value, as it shall determine in its discretion and such modification will not be deemed to be a breach of a material term of this Agreement.
(e) Except as specifically provided in Sections 9(a)(i) and 9(e)(i), or as required by law, the Executive acknowledges that he, his spouse and dependents will not receive health and medical benefits following any termination of his employment.
(f) The Executive represents and warrants to the Corporation that the Executive’s continued employment and performance of the duties contemplated under this Agreement will not, to his knowledge, be in violation of any non-competition or confidentiality agreements to which the Executive is a party or is bound.
OTHER BENEFITS AND TERMS. During the term of the Executive's employment under this Agreement, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in any health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time offered to executive employees of comparable status to the Executive who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Executive will be entitled to any other fringe benefit from time to time offered to executive employees of comparable status to the Executive who are employed by the Corporation.
OTHER BENEFITS AND TERMS. During the term of the Employee's employment under this Agreement, the Employee will be entitled to the following other benefits and terms:
(a) The Employee will be entitled to participate in the Corporation's health and medical benefit plans; any pension, profit sharing and retirement plans; and any insurance policies or programs from time to time generally offered to all or substantially all executive officers who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Employee will be entitled to any other fringe benefit from time to time generally offered to all or substantially all senior executives employed by the Corporation.
OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under this Agreement, the Executive will be entitled to the following additional benefits:
(a) The Executive will be entitled to participate in, the Corporation’s health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Executive will also receive the following:
(i) Life insurance benefits will be provided at an amount not less than three times base salary (subject to a physical examination);
(ii) Disability insurance in an amount equal to two-thirds anticipated total annual cash compensation;
(iii) Executive Supplemental Medical Plan which will provide up to $10,000.00 per year in supplemental medical and dental coverage for items not covered under other CTG medical and dental plans or HMOs (but not including voluntary cosmetic surgery);
(iv) Travel insurance with aggregate coverage inclusive of the insurance provided under the Corporation’s American Express card program, in an amount equal to four times base compensation;
(v) Reimbursement of up to $2,000.00 per year for personal tax advice;
(vi) Participation in the Corporation’s Deferred Compensation Plan subject to the contribution rates as determined by the Compensation Committee; and
(vii) Annual luncheon club dues.
(c) Upon the Executive’s Termination of Employment, except as specifically set forth in this Agreement, the Executive shall be entitled to continuation of the benefits set forth in this Section 4 only to the extent specifically set forth in such plans, policies and programs and all benefits shall be distributed as provided in such plans, policies and programs.
OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under this Agreement, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in, the Company’s health and medical benefit plans, any profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Company. These plans, policies and programs are subject to change at the sole discretion of the Corporation.
(b) The Executive will be entitled to any other benefit from time to time generally offered to all or substantially all senior executive employees who are employed by the Company.
(c) The Company will provide the Executive with the use of an automobile or with an auto use allowance that is commensurate with his position in accordance with the Corporation’s policy. The provision of this benefit is subject to future modification by the Company in its discretion, in exchange for benefits of substantially equivalent value, as it shall determine in its discretion and such modification will not be deemed to be a breach of a material term of this Agreement.
(d) The Executive will be entitled to limited use (up to 25 hours per year) of the Corporation's leased aircraft for non-business purposes subject to the terms of the Corporation's Aircraft Use Guidelines. The provision of this benefit is subject to future modification by the Company in its discretion, in exchange for benefits of substantially equivalent value, as it shall determine in its discretion and such modification will not be deemed to be a breach of a material term of this Agreement.
(e) Except as specifically provided in Sections 9(a)(i) and 9(e)(i), or as required by law, the Executive acknowledges that he, his spouse and dependents will not receive health and medical benefits following any termination of his employment.
(f) The Executive represents and warrants to the Corporation that the Executive’s continued employment and performance of the duties contemplated under this Agreement will not, to his knowledge, be in violation of any non-competition or confidentiality agreements to which the Executive is a party or is bound.
OTHER BENEFITS AND TERMS. During the term of the Executive's employment under this Agreement, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in the Corporation's ChoiceComp health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to all or substantially all executive employees who are employed by the Corporation. These plans, policies and programs are subject to change at the sole discretion of the Corporation. Notwithstanding the foregoing, life insurance benefits will be provided at an amount not less than one times base salary. Notwithstanding anything to the contrary, for purposes of determining the Executive's benefits under the IDEX Corporation Supplemental Executive Retirement Plan, the Executive's "compensation" shall include income recognized by him with respect to the Restricted Stock Award under Section 3(d) of this Agreement.
(b) The Executive will be entitled to any other fringe benefit from time to time generally offered to all or substantially all senior executive employees who are employed by the Corporation.
(c) The Corporation will provide the Executive with the use of an automobile or an auto use allowance that is commensurate with his position.
(d) The Corporation will pay on behalf of or reimburse the Executive for personal legal and financial advice an amount not to exceed $15,000 in any calendar year.
(e) Except as specifically provided in Sections 9(a)(i), 9(c)(i), 9(d)(i), 9(e) and 9(f)(i), or as required by law, the Executive acknowledges that he, his spouse and dependents will not receive health and medical benefits following any termination of his employment.
OTHER BENEFITS AND TERMS. During the term of the Executive's employment under this Agreement, the Executive will be entitled to the following other benefits and terms:
(a) The Executive will be entitled to participate in the Corporation's (or Rxx Energy Operating Corp.'s) health and medical benefit plans, any pension, profit sharing and retirement plans, and any insurance policies or programs from time to time generally offered to executive officers who are employed by the Corporation (or Rxx Energy Operating Corp.). These plans, policies and programs are subject to change at the sole discretion of the Corporation(or Rxx Energy Operating Corp., if applicable).
(b) The Executive will be entitled to any other fringe benefit from time to time generally offered to all or substantially all senior executives employed by the Corporation (or Rxx Energy Operating Corp.). The Executive will be entitled to a monthly vehicle allowance in the amount of $400 per month payable in accordance with the Corporation's normal payroll practices.
(c) The Executive shall be entitled to receive long-term incentive or equity-based compensation awards, in each case on substantially similar terms and conditions no less favorable than awards made to the other senior executive officers of the Corporation (or Rxx Energy Operating Corp.). These awards shall be commensurate with the awards normally granted to the similarly situated executive officers of other public companies similar in size and character to the Corporation. These awards may be granted pursuant to the terms of an equity-based compensation plan of the Company or otherwise.
(d) The Corporation will pay on behalf of or reimburse the Executive for personal legal and financial advice for matters related to the Executive's employment with the Corporation or his ownership of securities of the Corporation; provided, however that such amount shall not exceed $10,000 in any fiscal year.
OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under the Employment Agreement and these Terms, the Executive will be entitled to the following additional benefits:
(a) Travel insurance with aggregate coverage inclusive of the insurance provided under the Corporation’s American Express card program, in an amount equal to four times base salary; and
(b) Immigration assistance so as to ensure compliance with all immigration requirements in the U.S. and/or, if need be, in any other country.
