Other Compensation Benefits. The Employee will participate in stock option plans or employee benefit programs provided by the Company and its Subsidiaries, if any.
Other Compensation Benefits. Unless substantially duplicative of rights provided the Executive under this Agreement, the Executive may participate in any annual incentive plan, executive deferred compensation plan, savings or savings opportunities made generally available in the ordinary course of business to other senior executives of the Company and its Affiliated Companies. The President and Chief Executive Officer of the Company shall make a good faith determination as to whether the plans are substantially duplicative. All benefits under the above plans and agreements shall be payable in accordance with the terms of such plans and agreements, as amended from time to time.
Other Compensation Benefits. Unless substantially duplicative of rights provided the Executive under this Agreement, the Executive may participate in any other annual incentive plan, executive deferred compensation plan, savings or savings opportunities and tax-qualified retirement plan made generally available in the ordinary course of business to other senior executives of the Company and its Affiliated Companies. The Board shall make a good faith determination in the exercise of its sole discretion as to whether the additional plans are substantially duplicative. All benefits under the above plans and agreements shall be payable in accordance with the terms of such plans and agreements, as amended from time to time. The Executive shall also be entitled to standard Board and Board Committee fees for the Executive's attendance at Board and Board Committee meetings of which he is a member.
Other Compensation Benefits. Unless substantially duplicative of rights provided the Executive under this Agreement, the Executive may participate in any other annual incentive plan, executive deferred compensation plan, savings or savings opportunities and tax-qualified retirement plan made generally available in the ordinary course of business to other senior executives of the Company and its Affiliated Companies. The Board shall make a good faith determination as to whether the additional plans are substantially duplicative. All benefits under the above plans and agreements shall be payable in accordance with the terms of such plans and agreements, as amended from time to time. The Executive shall also be entitled to standard Board and Board Committee fees for the Executive’s attendance at Board and Board Committee meetings as a member.
Other Compensation Benefits. Employee understands and agrees that by his employment hereunder he shall not earn or accrue any right to any additional compensation. Employee further understands and agrees that, while he will receive all legally-mandated benefits (such as Social Security and workers’ compensation insurance), he is not eligible to participate in any of the Company’s other benefits plans or programs, including, but not limited to, 401(k), stock options, health insurance, paid time off and the Company’s flexible benefits plan.
Other Compensation Benefits. The Employee shall also be eligible at the discretion of the Board for other compensation policies, benefits, plans, or programs as are afforded generally by the Company from time to time to its senior personnel, including but not limited to participation in the American Woodmark Corporation Pension Restoration Plan. The Employee will also be eligible to participate in the long term incentive plans of the Company, most notably stock option grants and shareholder value unit grants. The Employee will be considered for stock option grants and shareholder value unit grants consistent with the grants provided non-employee directors. Nothing in this Agreement, however, shall be construed as a guarantee that the Board or the Committee will approve any level of such benefits that are at the sole discretion of the Board or the Committee.
Other Compensation Benefits. Employee understands and agrees that by his employment hereunder he shall not earn or accrue the right to any additional paid time off (or “PTO”), nor shall he be eligible from the Effective Date of this Agreement to the vesting of any stock options through the Company’s incentive stock option programs during the term of this Agreement. Employee also understands and agrees that he is eligible to participate in the Company’s flexible benefits plan for 2006/2007, but he agrees not to submit for reimbursement of amounts in excess of that which he has paid into the plan. Employee understands and agrees that he shall be entitled to participate in all other standard benefits offered by the Company.
Other Compensation Benefits. Acknowledgements Employee understands and agrees that by her employment hereunder that she shall not earn or accrue the right to any additional paid time off (or “PTO”), nor shall she be eligible from the Effective Date of this Agreement to the vesting of any stock options through the Company’s incentive stock option programs during the term of this Agreement. Employee expressly acknowledges and agrees that this Agreement shall serve as full and final compensation for any and all PTO that she may have accrued prior to the Effective Date. Employee also understands and agrees that she is eligible to participate in the Company’s flexible benefits plan for 2006/2007, but she agrees to not to submit for reimbursement of amounts in excess of that which she has paid into the plan. Employee understands and agrees that she shall be entitled to participate in all other standard benefits offered by the Company through the term of this Agreement.
Other Compensation Benefits. Unless substantially duplicative of rights provided the Executive under this Agreement, the Executive may participate in any other annual incentive plan, executive deferred compensation plan, savings or savings opportunities made generally available in the ordinary course of business to other peer executives of the Company and its Affiliated Companies. The Board shall make a good faith determination as to whether the additional plans are substantially duplicative. The Executive shall also be entitled to standard Board and Board Committee fees for the Executive's attendance at Board and Board Committee meetings as a member.
Other Compensation Benefits. One-time discretionary grant of 3500 IKON Stock options (standard vesting criteria) to be granted by Board of Directors in August , 1997 due to promotion and entering into this Executive Employment Agreement and the post-employment restrictions contained herein. STANDARD BENEFITS:
