Perquisites and Other Benefits. During the Term, the Executive shall be entitled to such additional perquisites and fringe benefits appertaining to his position in accordance with any practice established by the Board. During the Term, Executive shall be entitled to receive all benefits under any individual welfare benefit arrangements (including life insurance coverage) or other benefit arrangements currently in effect for such Executive in a manner consistent with past practice, and such arrangements are listed on Schedule I attached hereto.
Perquisites and Other Benefits. To the extent the Company or its subsidiaries employee benefits plans including, without limitation, any pension, disability, group life, sickness, accident and health and dental insurance plans or programs, Executive will be entitled to participate in such employee benefit plans on such terms as determined by the Company. For the avoidance of doubt, Executive will not be reimbursed by the Company for any health-related expenses, unless otherwise agreed to by the Company. Executive shall also be entitled to such perquisites and other benefits as shall be reasonably related to Executives duties and approved by the Company from time to time.
Perquisites and Other Benefits. During the Employment Period, the Executive shall be entitled to fringe benefits and perquisites comparable to those of other senior executives of the Company. Such fringe benefits shall include, but not be limited to, 4 weeks of paid vacation per year, to be used in accordance with the Company’s paid vacation policy for senior executives.
Perquisites and Other Benefits. During the Employment Period, the Executive shall be entitled to fringe benefits and perquisites comparable to those of other senior executives of the Company.
Perquisites and Other Benefits. (i) Throughout the Employment Period, the Employee shall be entitled to participate in such retirement plans, group and individual disability, group and individual life, survivor income, sickness, accident, dental, medical and health benefits and other similar plans of the Company which are in effect from time to time for other employees of the Company and in any successor or additional benefit programs, plans or arrangements of the Company which may be established by the Company, as and to the extent any such benefit programs, plans and arrangements are or may from time to time be in effect, to the extent determined by the Company but subject to the terms hereof and provided that the Employee is eligible to participate in such plans under the terms of such plans. This paragraph (i) in no way creates any obligation of the Company to adopt such employee benefit plans.
(ii) Throughout the Employment Period, the Employee shall be entitled to the following additional benefits: (A) comprehensive medical insurance with standard and reasonable deductibles or co-insurance, (B) long-term disability insurance paying disability benefits of at least 50% of the Employee's salary upon the termination of the Employee's employment by reason of disability; and (C) annual physical examinations (as more fully discussed in Section 11 hereof).
Perquisites and Other Benefits. The Company will provide Executive with the following executive perquisites on the same basis on which Executive was receiving such perquisites prior to the Change in Control: (i) reimbursement for club dues for 36 months following Executive's Date of Termination; and (ii) reimbursement of expenses relating to financial planning services and tax return preparation through December 31 of the calendar year that includes the third anniversary of Executive's Date of Termination. The Company will bear the cost of such perquisites, at the same level in effect immediately prior to the Change in Control. Perquisites otherwise receivable by the Executive pursuant to this paragraph shall be reduced to the extent comparable perquisites are actually received by or made available to Executive without cost during the 36 month period following Executive's Date of Termination. Executive shall report to the Company any such perquisites actually received by or made available to Executive.
Perquisites and Other Benefits. We maintain, and the named executive officers participate in, a 401(k) retirement savings plan. Each participant may contribute to the 401(k) plan, through payroll deductions, up to 80% of his or her salary limited to the maximum allowed by the Internal Revenue Service regulations. All amounts contributed by employee participants and earnings on these contributions are fully vested at all times and are not taxable to participants until withdrawn. Employee participants may elect to invest their contributions in various established funds. We may also make contributions to the accounts of plan participants. Xx. xxx Xxxxxxx participates in a retirement savings plan in Sweden to which we contribute 30% of his base salary per year. Xx. xxx Xxxxxxx does not contribute any amounts to the plan. The company contributions are permitted to be invested as Xx. xxx Xxxxxxx chooses and are not taxable to Xx. xxx Xxxxxxx until withdrawn. Xx. xxx Xxxxxxx is entitled to the use of a company car for personal purposes, which is a common practice for executives in Sweden. Our compensation program does not include any other material benefits or perquisites for our named executive officers. Except as set forth above, our named executive officers generally participate in the same programs as our other employees. The following is a description of the terms of the employment agreements that were in effect in fiscal 2015 with our named executive officers other than Xx. Xxxxxx. As noted above, Xx. Xxxxxx was not a party to an employment agreement in 2015. On May 6, 2016, in connection with the management changes described above, Xx. Xxxxxxx, Xx. Xxxxx and Xx. Xxxxxxx entered into new amended and restated employment agreements that will be effective July 1, 2016 and will supersede their existing agreements, and Xx. Xxxxxx entered into an employment agreement with us for the first time, which all also be effective July 1, 2016. A summary of the new agreements (the ‘‘2016 Employment Agreements’’) is provided below.
Perquisites and Other Benefits. During the Employment Period, the Employee shall be entitled to fringe benefits and perquisites comparable to those of other senior Employees of the Company. Such fringe benefits shall include, but not be limited to, 4 weeks of paid vacation per year, to be used in accordance with the Company’s paid vacation policy for senior Employees.
Perquisites and Other Benefits. To the extent the Company or its subsidiaries employee benefits plans including, without limitation, any pension, disability, group life, sickness, accident and health and dental insurance plans or programs, Executive will be entitled to participate in such employee benefit plans on such terms as determined by the Company. For the avoidance of doubt, Executive will not be reimbursed by the Company for any health-related expenses, except as set forth below or as otherwise agreed to by the Company. Executive shall also be entitled to such perquisites and other benefits as shall be reasonably related to Executives duties and approved by the Company from time to time, including reimbursement of private health insurance premiums to the extent Executive does not participate in the healthcare plans of the Company and its subsidiaries; provided that if the premium for Executive’s private health insurance exceeds the cost of the premium the Company or its subsidiaries would pay for Executive under the plan provided to all employees of the Company and its subsidiaries, the amount of such reimbursement shall be equal to the amount the Company would have paid if Executive had participated in the plan provided to all employees of the Company and its subsidiaries.
Perquisites and Other Benefits. We maintain, and the named executive officers participate in, a 401(k) retirement savings plan. Each participant may contribute to the 401(k) plan, through payroll deductions, up to 80% of his or her salary limited to the maximum allowed by the Internal Revenue Service regulations. All amounts contributed by employee participants and earnings on these contributions are fully vested at all times and are not taxable to participants until withdrawn. Employee participants may elect to invest their contributions in various established funds. We may also make contributions to the accounts of plan participants. Our compensation program does not include any other material benefits or perquisites for our named executive officers. Except as set forth above, our named executive officers generally participate in the same programs as our other employees. The following is a description of the terms of the employment agreements with our named executive officers other than Xx. Xxxxxx. As noted above, Xx. Xxxxxx is not a party to an employment agreement.
