Perquisites and Benefits. The Employee shall be entitled to receive in the aggregate substantially the same fringe benefits and perquisites offered by the Corporation to any of the Corporation's similarly situated employees, including, without limitation, participation in the various employee benefit plans or programs provided to the employees of the Corporation in general, subject to the regular eligibility requirements with respect to each of such benefit plans or programs.
Perquisites and Benefits. During the term of full time employment, Executive shall be entitled to continue to participate in such benefit programs and receive such perquisites as may from time to time be established by the Company.
Perquisites and Benefits. During the Term, the Executive shall be entitled to the following perquisites and benefits:
Perquisites and Benefits. During the Employment Term, the Company shall provide you with (or reimburse you for) use of an appropriate automobile in the United States and in Norway, plus reimbursement for garaging, insurance and maintenance. In addition, during the Employment Term, you shall be entitled to participate in all employee benefit plans and programs (other than retirement plan benefits which shall be as set forth in Section 8) that are available to senior executives of the Company on the same basis as other senior executives of the Company, including, but not limited to, the following programs (as they may be amended from time to time): Life insurance; Disability insurance program; 401(k) Savings Plan; Health and medical insurance; Employee Stock Purchase Plan; Deferred Compensation Plan; Paid Vacation and Holidays; and Tax and Financial Services Planning ($10,000 per year for each of 2005 and 2006) in addition to the cost of tax advice arising from your status as a Norwegian citizen resident in the United States and your shift of residence from the United States back to Norway, and associated tax issues), fully grossed-up for any applicable taxes. During your employment hereunder reasonable business expenses incurred by you in the performance of your duties hereunder shall be reimbursed by the Company in accordance with Company policies.
Perquisites and Benefits. The Employee shall be eligible to receive awards under the Corporation's 2001 Long-Term Incentive Plan and entitled to receive in the aggregate substantially the same fringe benefits and perquisites offered by the Corporation to any of the Corporation's similarly situated employees, including, without limitation, participation in the various employee benefit plans or programs provided to the employees of the Corporation in general, subject to the regular eligibility requirements with respect to each of such benefit plans or programs.
Perquisites and Benefits. During the Employment Period, Xxxxxx shall be entitled to all perquisites and benefits he had or was entitled to from East prior to the Effective Time except the use of a New York City apartment. The foregoing sentence shall not prevent the Company from changing benefit programs provided Xxxxxx (and to the extent applicable, his spouse and dependents) are treated at least as well under the benefit program as the Company's senior executives (and to the extent applicable, their spouses and dependents) and Xxxxxx (and to the extent applicable, his spouse and dependents) are provided with equivalent benefits or the economic equivalent of such benefits he (and to the extent applicable, his spouse and dependents) had or was entitled to immediately prior to the Effective Time. Without limitation on the foregoing Xxxxxx (and his spouse and dependents to the extent provided therein) shall be entitled during the Employment Period to participate in and be covered under all the welfare benefit plans or programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. The Company shall at all times during the Employment Period provide to Xxxxxx (and his spouse and dependents to the extent provided under the applicable plans or programs) (subject to modifications affecting all senior executive officers) the same type and levels of participation and benefits as are being provided to the Company's senior executives (and their spouses and dependents to the extent provided under the applicable plans or programs) during the Employment Period. In addition, during the Employment Period, Xxxxxx shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives. With respect to each such employee benefit plan, program, policy or arrangement, service with East or any of its subsidiaries (as applicable) shall be included for purposes of determining eligibility to participate (including waiting periods, and without being subject to any entry date requirement after the waiting period has been satisfied), vesting (as applicable) and entitlement to benefits. The medical plan or plans maintained by the Company after the Effective Time shall waive all limitations as...
Perquisites and Benefits. Employee shall be entitled to the same perquisites and benefits as are made available to other senior executive employees of the Company, as well as such other perquisites or benefits as may be specified from time to time by the Board, including not less than four (4) weeks of vacation per year.
Perquisites and Benefits. During the Employment Period, Newmxx xxxll be entitled to all perquisites and benefits he had or was entitled to from East prior to the Effective Time except the use of a New York City apartment. The foregoing sentence shall not prevent the Company from changing benefit programs provided Newmxx (xxd to the extent applicable, his spouse and dependents) are treated at least as well under the benefit program as the Company's senior executives (and to the extent applicable, their spouses and dependents) and Newmxx (xxd to the extent applicable, his spouse and dependents) are provided with equivalent benefits or the economic equivalent of such benefits he (and to the extent applicable, his spouse and dependents) had or was entitled to immediately prior to the Effective Time. Without limitation on the foregoing Newmxx (xxd his spouse and dependents to the extent provided therein) shall be entitled during the Employment Period to participate in and be covered under all the welfare benefit plans or programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. The
Perquisites and Benefits. You are entitled to the cash value of three (3) years of your currently elected health and welfare benefits. Further, any accrued, but unused paid time off will be paid out in full; provided, however, that such payout is provided by the Company pursuant to its legal obligations and is not consideration for purposes of the Separation, Waiver and Release Agreement.
Perquisites and Benefits. During the term of full time employment, Executive shall be entitled to continue to participate in such benefit programs (including any annually administered stock incentive program) and receive such perquisites as may from time to time be established by the Company for its executives. In addition:
(i) The Company will reimburse to Executive in full all premiums paid by Executive for medical benefit coverage for Executive's family until such time as Executive's family has established residency in Minnesota, and will further absorb the full cost of Executive's COBRA coverage (estimated at $403.00 per month) until Executive and his family have established residency in Minnesota and Executive and his family can be covered under the Blue Cross PPO health plan or such other plan as the Company may from time to time provide for its executives;
(ii) The Company will provide a maximum $40,000 moving allowance to assist in covering Executive's costs in selling his existing home, transporting his family and possessions, and closing costs incurred in the purchase of a new home. This allowance will be paid against substantiated incurred costs, and Executive agrees to mitigate the expenses incurred by him in these matters to the best of his ability;
(iii) The Company will provide Executive with an apartment mutually agreeable to the Company and to Executive until such time, not in excess of twelve (12) months, as a new home can be purchased by Executive;
(iv) The Company will pay mileage to Executive at the approved Internal Revenue Service rate for automobile travel between Executive's present Iowa residence and the Company's Minnesota headquarters until Executive's family is relocated to Minnesota for up to twelve (12) months;
(v) The Company agrees to purchase a One Million Dollar key-man life insurance policy on Executive of which the Company shall be the owner and fifty (50%) percent beneficiary, and Executive's beneficiaries shall be a fifty (50%) percent beneficiary;
(vi) The Company will provide Executive a monthly car allowance of $300, and a cellular phone with pager and voice mail capability; and
(vii) The Company will provide Executive four weeks of vacation annually, to be taken at such times as will accommodate the reasonable needs of the Company, and which may not be accumulated from year to year.
