Paid Time Off and Other Benefits. Executive shall be entitled to five weeks Paid Time Off (“PTO”) per year, and shall have the right, on the same basis as other members of senior management of the Company, to participate in any and all employee benefit plans and programs of the Company, including medical plans, insurance plans and other benefit plans and programs as shall be, from time to time, in effect for executive employees and senior management personnel of the Company. Such participation shall be subject to the terms of the applicable plan documents, generally applicable Company policies and the discretion of the Board or any administrative or other committee provided for in, or contemplated by, each such plan or program. Anything to the contrary in this Agreement notwithstanding, the Company reserves the right to modify or terminate such benefit plans and programs at any time.
Paid Time Off and Other Benefits. During the Employment Term, Executive shall be entitled to Paid Time Off (“PTO”) consistent with the Company’s policy for senior executives (as in effect from time to time), and shall have the right, on the same basis as other members of senior management of the Company, to participate in any and all employee benefit plans and programs of the Company, including medical plans and other benefit plans and programs as shall be, from time to time, in effect for executive employees and senior management personnel of the Company. Such participation shall be subject to the terms of the applicable plan documents, generally applicable Company policies and the discretion of the Board or any administrative or other committee provided for in, or contemplated by, each such plan or program. Anything to the contrary in this Employment Agreement notwithstanding, the Company reserves the right to modify or terminate such benefit plans and programs at any time, including, without limitation, any modification of the Company’s PTO policy.
Paid Time Off and Other Benefits. FISION agrees to grant Employee twenty (20) days of paid personal time off (PTO) per year, vested in advance with accruals for unused PTO, from the original start date of August 1, 2010. Such PTO shall be used for vacation, sick leave and all other non-working absences from FISION. Employee will be eligible to participate in all other company benefits available to any other FISION employee or consultant.
Paid Time Off and Other Benefits. 3.3.1 Consultant will be entitled to six weeks of paid time off during the Term of this Agreement. All Cash Compensation, Stock Compensation and Stock Bonus provided for in this Agreement shall accrue during Consultant’s paid time off and continue to be payable as provided for in this Agreement.
3.3.2 In addition to any other compensation or benefits to be received by the Consultant pursuant to this Agreement, the Consultant shall be entitled to participate in all benefit plans which the Company may from time to time provide to its key officers, employees and/or consultants.
Paid Time Off and Other Benefits. XXXX is currently entitled to twenty (20) days of paid time off: Said paid time off shall increase by five (5) days per annum commencing two (2) years from the date of this Agreement and accrue by five (5) days per annum every two (2) years thereafter. Paid time off shall increase to such time XXXX has accrued six (6) weeks, at such time he will have accrued the maximum allowed under the Company’s paid time off policy. In addition thereto, XXXX is entitled to payment or reimbursement of all reasonable, ordinary, and necessary business expenses incurred by XXXX in the performance of his responsibilities and the promotion of Corporation’s businesses, including, without limitation, air travel and lodging, automobile and related expenses, and cellular phone charges. XXXX shall submit to the Corporation periodic statements of all expenses so incurred. Subject to such audits as the Corporation may deem necessary, the Corporation shall reimburse XXXX the full amount of any such expenses advanced by him in the ordinary course of business.
Paid Time Off and Other Benefits. The Executive shall be entitled to paid time off for a minimum of 30 business days each calendar year, which shall be accrued ratably during the calendar year, as well as holiday pay in accordance with Coda Octopus’s policies in effect from time to time as set forth in its employment handbook as the same may be modified from time to time. The Executive shall be eligible to participate in such life, health, and disability insurance, pension, deferred compensation and incentive plans, options and awards, performance bonuses and other benefits as Coda Octopus extends, as a matter of policy, to its executive employees. The Coda Octopus shall maintain a disability insurance policy or plan covering the Executive during the Employment Period.
Paid Time Off and Other Benefits. The Executive shall be entitled to paid time off for a minimum of 25 days each calendar year, which shall be accrued ratably during the calendar year, as well as holiday pay in accordance with the REIT’s policies in effect from time to time. The Executive shall be eligible to participate in such life, health, and disability insurance, pension, deferred compensation and incentive plans, options and awards, performance bonuses and other benefits as the Company Group extends, as a matter of policy, to its executive employees, provided, however, that for so long as the Executive continues to participate in and be covered by a group health plan sponsored by Marriott International, Inc. (the “Marriott Health Plan”), rather than a group health plan sponsored by the Company Group and extended to its executive employees (the “Company Health Plan”), Executive shall be entitled to reimbursement on a monthly basis for the amount equal to the amount by which (x) the monthly premiums paid by the Executive for coverage under the Marriott Health Plan exceed (y) the monthly premiums the Executive would pay under the Company Health Plan, if the Executive were a participant in such Company Health Plan. The Company Group shall maintain a disability insurance policy or plan covering the Executive during the Employment Period.
Paid Time Off and Other Benefits. During the term of this Agreement, the Executive shall be eligible for Paid Time Off (PTO) according to the terms the Company’s policies. As of the Effective Date, such policies include an entitlement to 4.8 weeks of vacation per year. In addition, except as specifically provided to the contrary in this Agreement, the Executive shall be provided with benefits to the same extent and on the same terms as those benefits are generally provided by the Company to its senior managers. Notwithstanding anything herein to the contrary, the Executive shall not participate in the Company’s Executive Continuity Plan or any other severance plan or program, other than the right to receive severance benefits subject to, and in accordance with, the provisions of paragraph 5 below.
Paid Time Off and Other Benefits. The Executive shall be entitled to paid time off for a minimum of 25 days each calendar year, which shall be accrued ratably during the calendar year, as well as holiday pay in accordance with the REIT’s policies in effect from time to time. The Executive shall be eligible to participate in such life, health, and disability insurance, pension, deferred compensation and incentive plans, options and awards, performance bonuses and other benefits as the Company Group extends, as a matter of policy, to its executive employees. The Company Group shall maintain a disability insurance policy or plan covering the Executive during the Employment Period.
Paid Time Off and Other Benefits. Employee shall be entitled to not less than thirty (30) days per year of Paid Time Off (“PTO”), plus holidays as designated by Employer in its sole discretion, each year of his employment hereunder. Any unused PTO may be paid out at the end of the year. Employee shall be entitled to participate in any health and other benefit plans offered to full-time employees of Employer, subject to the eligibility requirements imposed by such plans. Employer will provide Employee with a company owned or leased vehicle for necessary business travel or compensate the employee at the federal business mileage rate.
