Perquisites (Benefits Sample Clauses

Perquisites (Benefits. The County provides a fringe benefits package described below. Unless expressly stated, all benefits listed in this article are prorated based upon the employee’s Regular Hire FTE. Hours worked as a Contingent Hire (i.e., Extra Hire) employee, and/or hours worked in excess of a part- time Regular Hire FTE, and/or overtime hours do not count toward the accrual benefits. Perquisites shall apply to Regular Hire County employees only unless the contract language specifically mentions Contingent Hire (Extra Hire) employees.
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Perquisites (Benefits. Consists of estimated value of continued health and welfare benefits for a 12-month period following termination of employment (or 18 months in the case of Xx. Xxxxxxx). Such payment is “double trigger” and is provided only upon a qualifying termination of employment (see “— Interests of VEREIT Directors and Executive Officers in the Merger — Officer Employment Agreements”).
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Perquisites (Benefits. The amount in this column represents the estimated present value of COBRA reimbursement payments to which Xx. Xxxxxxx, which would continue for a maximum of twelve months. These payments are considered a “double trigger” payment since they are conditioned upon a termination of employment without Cause or resignation with Good Reason following a change of control of Village. TowneBank, Village and Village Bank cannot complete the merger without prior approval from the FDIC and the Virginia SCC. On October 23, 2024, TowneBank filed applications with the FDIC and the Virginia SCC seeking their approval of the merger. TowneBank has also requested a waiver from the Reserve Bank of the requirement to file an application under Section 3 of the Bank Holding Company Act of 1956, as amended, for approval of the merger. As of the date of this proxy statement, we have not yet received the required approvals from the FDIC and Virginia SCC, or the requested waiver from the Reserve Bank. While we do not know of any reason why we would not be able to obtain such approvals and waiver in a timely manner, we cannot be certain when or if we will receive them. Village shareholders will have the right to assert appraisal rights with respect to the merger and demand in writing to be paid the fair value of their shares of Village common stock under applicable provisions of Virginia law following consummation of the merger by TowneBank. In order to exercise and perfect appraisal rights, you must generally give written notice of your intent to demand payment for your shares to Village before the vote is taken on the merger agreement at the special meeting and you must not vote in favor of the merger agreement. A copy of the applicable Virginia statutory provisions of Article 15 of the VSCA is included in this proxy statement as Appendix D. The following is only a summary of the rights of a dissenting shareholder, is not a complete statement of law pertaining to appraisal rights under the VSCA, and is qualified in its entirety by reference to the full text of the provisions of Article 15 of the VSCA pertaining to appraisal rights, a copy of which is attached as Appendix D hereto and incorporated into this discussion by reference. If you intend to exercise your right to dissent, you should carefully review the following summary and comply with all requirements of the VSCA. You should also consult with your attorney. No further notice of the events giving rise to appraisal rights will...
Sample 1
Perquisites (Benefits i) Furnished accommodation in lieu of HRA; if no accommodation is provided, House Rent Allowance @ 50% of Basic pay per month; ii) Medical: Premium for medical insurance coverage as per the Company’s policy. iii) Reimbursement of Car running expenses incurred for the Company’s business at actual not exceeding: Rs. 36,000/- per month; iv) Leave travel / Leave encashment: As per the Rules of the Company. At present the amount is Rs. 1,35,988/- per annum, i.e. one month’s basic pay; v) Provision of mobile and telephone for official use; vi) Personal Accident Insurance with an annual premium of an amount as per the Rules of the Company; vii) Any other perquisite(s) or benefit(s) to be borne or reimbursed in accordance with the Rules of the Company. The perquisites/benefits shall be valued as per the Income Tax Act, 1961, wherever applicable and shall be limited to such amount as may be decided by the Board.
Sample 1
Perquisites (Benefits i) House rent allowances of upto 60% of the basic salary or a furnished accommodation. ii) Special allowance: Rs. 80,000/- (Rupees Eighty Thousand) only or the balance amount remaining after deduction of the sum representing the applicable statutory valuation of other perquisites as may be entitled to him and availed by him; iii) Expenditure on gas, electricity, water and furnishings at the market value to be evaluated in terms of the Income Tax Rules, 1962; iv) Company’s contribution to Provident Fund to the extent the same is not taxable under the Income Tax Act, 1961; v) Gratuity payable at the rate not exceeding 15 (fifteen) days’ salary or as may be allowed by the prevailing provisions of law applicable thereto for each completed year of service; vi) Encashment of Leave at the end of tenure in accordance with the rules of the Company and the same not be included in the remuneration as permitted by the provisions of the Act; vii) Use of Company owned car with driver; viii) Provision of mobile and telephone; ix) Medical Expenses and hospitalization expenses incurred by the incumbent on self and spouse in India or abroad. x) Club Fees: Fees of clubs subject to a maximum of two clubs. This will not include admission and life membership fees.
Sample 1
Perquisites (Benefits i) Reimbursement of Car running expenses incurred for the Company’s business: as per the Company’s Rules; ii) Provision of mobile and telephone at residence for official use; iii) Personal Accident Insurance with an annual premium of an amount as per the Rules of the Company; iv) Reimbursement of actual entertainment and travelling expenses incurred by him for the Company’s business; v) Any other perquisite(s) or benefit(s) to be borne or reimbursed in accordance with the Rules of the Company. The perquisites/benefits shall be valued as per the Income Tax Act, 1961, wherever applicable and shall be limited to his Basic Pay.
Sample 1
Perquisites (Benefits. The amounts in this column represent: (a) continued coverage under Glatfelter’s group medical, prescription, dental, disability, salary continuance, group life, accidental death and dismemberment and travel accident insurance benefits for the named executive officer and the named executive officer’s dependents for a period of two years, and in the case of Mr. Elder only, his retiree medical benefit provided in accordance with the Glatfelter Health & Welfare Benefits Plan; and (b) the maximum amount of outplacement assistance available to each named executive officer, in each case as described in “— Change in Control Employment Agreements for Glatfelter’s Executive Officers.” ​ Name ​ ​ Continued Health and Welfare Benefits ($) ​ ​ Outplacement Assistance ($) ​ ​ Total ($) ​ Thomas M. Fahnemann ​ ​ ​ ​ 79,133 ​ ​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 119,133 ​ ​ Ramesh Shettigar ​ ​ ​ ​ 64,342 ​ ​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 94,342 ​ ​ Eileen L. Beck ​ ​ ​ ​ 48,221 ​ ​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 78,221 ​ ​ David C. Elder ​ ​ ​ ​ 117,470 ​ ​ ​ ​ ​ 15,000 ​ ​ ​ ​ ​ 132,470 ​ ​ Boris Illetschko ​ ​ ​ ​ 37,293 ​ ​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 67,293 ​ ​ ​
Sample 1
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Related to Perquisites (Benefits

  • Perquisites During the Employment Period, Executive shall be entitled to receive such perquisites as are generally provided to other senior officers of the Company in accordance with the then current policies and practices of the Company.

  • Employees; Benefits Employer agrees that any and all benefits that were provided to the Employee shall continue until _________________, 20____. In addition, the Employer shall assist the Employee in the transfer, change, or termination to any employment benefits, including, but not limited to, health insurance plans, dental insurance plans, vision insurance plans, life insurance plans, disability insurance, childcare benefits, wellness programs, retirement plans, government assistance programs, and/or any other program or benefit that was readily accessible and being used by the Employee.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Company Benefits Subject to the satisfaction of the general rules for eligibility and participation under the Company’s standard employee benefit plans and practices, Executive shall be allowed to participate in the Company’s standard employee benefit plans and practices which may be in effect from time to time during the term of Executive’s employment and are provided by the Company to its employees generally. Such participation shall be governed by the applicable plan documents, and the Company reserves the right, in its discretion, to amend, modify, or discontinue any benefit plan or practice.

  • Welfare Benefits Subject to the terms and conditions of this Agreement, for a period of six (6) months following the date of the Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with group medical benefits which are substantially similar to those provided from time to time to similarly situated active employees of the Company (and their eligible dependents) (“Medical Continuation Benefits”). Without limiting the generality of the foregoing, such Medical Continuation Benefits shall be provided on substantially the same terms and conditions and at the same cost to the Executive as apply to similarly situated active employees of the Company. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the Medical Continuation Benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of Medical Continuation Benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

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