Personal Benefits. Pursuant to the Company’s policies in effect from time to time and the applicable plan rules, the Employee will be eligible to participate in the other employee benefit plans of general application, which shall include the Personal Benefits at the levels set forth on Annex 2.
Personal Benefits. (a) Until the Retirement Date, Executive shall continue to be entitled to receive all fringe benefits, observe all holidays, be eligible for such sick days and personal days as may be established by the Company for its executives, and participate in all plans generally available to executive personnel of the Company, including without limitation, any qualified or non-qualified pension plans, hospital, medical, accident, disability, life insurance, and dental coverages. The Company and Xx. Xxxxx shall enter into an amendment to his Executive Death Benefit Agreement in the form attached hereto as Exhibit A.
(b) As of the date of this Agreement, Executive is entitled to 12 days of unused vacation in 2007. Executive will be paid for any unused vacation as of the Retirement Date in accordance with Company policy.
(c) On or prior to the Retirement Date, the Company will transfer ownership of Executive’s Company provided car to the Executive.
(d) Until the Retirement Date, the Company shall pay for suitable housing for the Executive in the Illinois area.
(e) Until the Retirement Date, Executive shall be entitled to receive paid transportation to and from Connecticut at such times as Executive shall determine, but not more frequently than one round trip per week and one round trip per holiday.
(f) The Company will pay or reimburse Executive for his 2007 tax and financial planning expenses in accordance with the Company’s policies.
(g) The Company will pay Executive $15,000 as reimbursement for his legal fees incurred in connection with the negotiation of this Agreement.
(h) The Company acknowledges that, in accordance with the terms of the Nalco LLC Employment Agreement Executive’s unvested Class B, C and D units will vest on the Retirement Date.
Personal Benefits. The term refers to the value of personal benefits which are not directly related to a person's job performance, furnished by a company (or subsidiaries) directly, or through third persons.
Personal Benefits. Executive will be provided all insurance benefits as when previously employed through the earlier of March 31, 2007, or the Sale of the Company or substantially all of the Company’s assets, at Company expense free of any cost or tax to the Executive. All medical, insurance, and dental benefits will be covered during this period. Thereafter, Executive will be provided with right to participate in full COBRA (or equivalent) Company insurance plans.
Personal Benefits. To indemnify Indemnitee for expenses or the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute or any other personal benefits.
Personal Benefits. The SEC's prior interpretive releases on what the SEC views as a personal benefit or a "perk," were previously rescinded by Item 402 and as most recently revised, Item 402 does not specifically define "personal benefit." Item 402, however, does not require disclosure of personal benefits for any individual if the aggregate amount paid to that individual is less than the lesser of (i) $50,000 or (ii) 10% of that individual's compensation. In general, the position of the SEC has been that benefits which are directly related to job performance, as well as benefits provided to broad categories of employees and which do not discriminate in scope or terms of operation in favor of officers and directors, may be omitted from the calculation of total compensation, while benefits not so related should be disclosed as compensation. If you have any questions, please resolve the issue in favor of disclosure. The Company will review the necessity for disclosure in the proxy statement with its counsel.
Personal Benefits. LASA members shall receive the following benefits in each year of this Agreement:'
A. Health Insurance
Personal Benefits. Employee, in addition to the foregoing, shall be entitled to receive all employee benefits made available to management pursuant to the Company's employee policies in effect from time to time during the term of this Agreement, which benefits shall include, but not be limited to, family health and medical hospital insurance coverage which is the same or substantially similar to the coverage provided to other similar executive employees and annual paid vacation of three weeks per year.
Personal Benefits. During the Term:
(i) Executive shall be entitled to receive all fringe benefits and participate in all plans generally available to executive personnel of the Company, including without limitation, any hospital, medical, accident, disability, life insurance, and dental coverages. All such coverages shall be effective as of the Effective Date.
(ii) Executive will be entitled to the holidays observed by other employees of the Company.
(iii) Executive shall be entitled to such sick days and personal days as may be established by the Company for executives of the Company.
(iv) Executive shall be entitled to four (4) weeks of vacation per year.
(v) The Company shall provide Executive with an automobile of his selection for his exclusive business and personal use, primarily in Delaware and for travel from Delaware on Company business or to Connecticut, and pay all expenses of ownership, operation, repair and maintenance of such vehicle;
(vi) The Company shall pay for suitable housing for the Executive in the Wilmington, Delaware area.
(vii) Executive shall be entitled to receive paid transportation to and from Connecticut at such times as Executive shall determine, but not more frequently than one round trip per week and one round trip per holiday.
Personal Benefits. LASA members shall receive the following benefits in each year of this Agreement:
A. Health Insurance Administrators will be required to contribute 10% to the cost of the health insurance premium for both individual and family. Effective July 1, 2005, this contribution shall increase to fifteen percent (15%) of premium. The District shall participate in a Flexible Benefits Plan approved in accordance with Section 125 of the Internal Revenue Code. All LASA employees will receive the New York State Employees Health Insurance Program (currently Empire Plan CORE Plus Enhancements). Anyone retiring from the district and simultaneously from the New York State Teachers’ Retirement System will pay the rate of health insurance in effect in the LASA contract. In order to be eligible for health insurance benefits in retirement as per this paragraph, an administrator must have at least seven (7) full years of consecutive service to the district as an administrator immediately preceding retirement
B. Life Insurance
C. Dental Insurance The dental plan shall be the same as that given to Central Office Administrators. LASA Administrators who want family coverage shall contribute Forty-Five Dollars and Twenty-Eight cents ($45.28) for the family plan with the District paying the balance. Individual dental coverage shall be paid 100% by the District.
D. Sick Days Twelve (12) days per year.
E. A.P. Davs Three (3) days - annually. Unused AP days may be accumulated and added to sick leave at the end of the year. Administrators shall state the reason for which AP days are taken.
F. Career Increments The following career increments will be paid pursuant to the following schedule of years of service as an administrator in the bargaining unit: After five (5) full years $1,250 After ten (10) full years $1,500 (total $2,750) After fifteen (15) full years $2,000 (total $4,750)
