Common use of Paid Time Off and Other Benefits Clause in Contracts

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.

Appears in 1 contract

Samples: Executive Employment Agreement (Hunt Mining Corp)

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Paid Time Off and Other Benefits. XXXX Xxxxx 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 Xxxxx 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 Xxxxx is entitled to payment or reimbursement of all reasonable, ordinary, and necessary business expenses incurred by XXXX Xxxxx 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 Xxxxx 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 Xxxxx the full amount of any such expenses advanced by him in the ordinary course of business.

Appears in 1 contract

Samples: Executive Employment Agreement (Hunt Mining Corp)

Paid Time Off and Other Benefits. XXXX Xxxxxx 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 Xxxxxx 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 Xxxxxx is entitled to payment or reimbursement of all reasonable, ordinary, and necessary business expenses incurred by XXXX Xxxxxx 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 Xxxxxx 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 Xxxxxx the full amount of any such expenses advanced by him in the ordinary course of business.

Appears in 1 contract

Samples: Executive Employment Agreement (Hunt Mining Corp)

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Paid Time Off and Other Benefits. XXXX Xxxxxx is currently entitled to twenty ten (2025) 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 Xxxxxx 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 Xxxxxx is entitled to payment or reimbursement of all reasonable, ordinary, and necessary business expenses incurred by XXXX Xxxxxx 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 Xxxxxx 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 Xxxxxx the full amount of any such expenses advanced by him in the ordinary course of business.

Appears in 1 contract

Samples: Executive Employment Agreement (Hunt Mining Corp)

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