Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company and its affiliates, subject to documentation in accordance with the Company's policy.
(b) During the Term of Employment, the Company shall reimburse the Executive for reasonable personal financial (including tax) counseling (other than legal fees) by a firm or consultant to be chosen by the Executive, such reimbursement to be no more than the amount authorized under Company policy in effect from time to time.
(c) During the Term of Employment, the Executive shall be entitled to four weeks' paid vacation per year.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy.
(b) The Company shall pay to the Executive's financial advisor and attorneys all reasonable financial advisor and legal expenses incurred in connection with the preparation of both the Prior Agreement and this Agreement, up to an aggregate maximum of $200,000. During the Term, the Company shall reimburse the Executive for all reasonable legal expenses incurred by the Executive in connection with the negotiation of the Executive's employment and compensation arrangements with the Company.
(c) During the Term, the Executive shall be entitled to participate in all of the Company's executive fringe benefits in accordance with the terms and conditions of such arrangements as are in effect from time to time for the Company's senior-level executives.
(d) The Company acknowledges its obligation to provide the Executive with transportation during the Term that provides him with reasonable security to address bona fide business-oriented security concerns, and shall, at Company expense, make available to the Executive (and his spouse when traveling with him) Company or other private aircraft for business and personal use at his reasonable discretion, provided that any such personal use shall be limited to travel within the United States. In addition, the Company shall, at Company expense, make available to the Executive Company or other private aircraft for the Executive's use and that of his spouse, for the purpose of weekly transportation between Detroit, Michigan and the New York City Metropolitan Area or his residence in Florida. It is recognized that the Executive's travel by Company or other private aircraft is required for security purposes and, as such, all reasonable uses by the Executive (including uses with his family) will constitute business use of the aircraft and shall not be subject to reimbursement by the Executive. The Company shall provide additional payments to the Executive on a fully grossed up basis to cover applicable federal, state and local income and excise taxes, when and to the extent, if any, that such taxes are payable by the Executive with respect to the foregoing aircraft usage.
(e) The Executive acknowl...
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy.
(b) During the Term of Employment, the Company shall reimburse the Executive for personal financial (including tax) counseling (other than legal fees) by a firm or consultant to be chosen by the Executive, such reimbursement to be no more than the amount authorized under Company policy in effect from time to time.
(c) The Executive shall be entitled to four weeks paid vacation per year.
(d) The Company agrees to continue and maintain a directors' and officers' liability insurance policy covering the Executive to the extent the Company provides such coverage for its other executive officers or former officers.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy. The Company shall pay all reasonable legal and financial advisor expenses incurred in connection with the preparation of this Agreement.
(b) During the Term of Employment, the Company shall reimburse the Executive for personal financial (including tax) counseling (other than legal fees) by a firm or consultant to be chosen by the Executive, such reimbursement to be no more than the amount authorized under Company policy in effect from time to time.
(c) The Executive shall be entitled to four weeks paid vacation per year.
(d) The Company agrees to continue and maintain a directors' and officers' liability insurance policy covering the Executive to the extent the Company provides such coverage for its other executive officers or former officers.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. The Employee is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement, and the Company shall promptly reimburse him for all business expenses incurred in connection with carrying out the business of the Company, subject to documentation.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy. The Company shall pay all reasonable financial consultant and legal fees and expenses incurred by the Executive in connection with the negotiation of the Executive's employment arrangements with the Company.
(b) During the Term of Employment, the Company will (i) provide a car and driver for the Executive's use, consistent with past practice, in fulfilling his responsibilities as Chief Executive Officer or as the non-executive Chairman of the Board and as a member of various boards of directors/trustees of corporations and educational and charitable organizations, (ii) make available, without charge, a portion of the Company's executive office space (or the equivalent), consistent with past practice, for use by The Xxxxxxx Foundation, The Ropart Group Limited and their Affiliates and (iii) permit the Executive to use the Company's aircraft (subject to the obligation to reimburse the Company for the value of the personal use thereof determined in accordance with Treasury Regulation 1.61-21(g)).
(c) During the Term of Employment, the Executive shall be entitled to four weeks paid vacation per year of employment, which shall accrue and otherwise be subject to the Company's vacation policy for senior executives.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) During the Term, the Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all business and entertainment expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy. The Executive shall be entitled to first class air travel when traveling on Company business. In addition, the Company will reimburse the Executive for his legal and other professional fees incurred in negotiating this Agreement up to a maximum of $36,000.
(b) The Executive shall be entitled to perquisites provided to other senior-level executives, including a monthly car allowance of up to a maximum of $1,500.
(c) The Executive shall be entitled to four weeks paid vacation per calendar year.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy. The Company shall pay all reasonable legal fees and expenses incurred by the Executive in connection with the negotiation of the Executive's employment arrangements with the Company.
(b) During the Term of Employment, the Executive shall be entitled to participate in each of the Company's perquisites in accordance with the terms and conditions of such arrangements as they are in effect from time to time for the Company's chief executive officer.
(c) The Executive shall be entitled to reimbursement for reasonable moving expenses (excluding any brokers' fees or financing expenses) in the event he relocates to Florida or London in furtherance of his duties hereunder.
(d) The Executive shall be entitled to four (4) weeks paid vacation per year of employment, which shall accrue and otherwise be subject to the Company's vacation policy for senior executives.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company's policy. The Company shall pay all reasonable financial consultant and legal fees and expenses incurred by the Executive in connection with the negotiation of the Executive's employment arrangements with the Company.
(b) During the Term of Employment, the Executive shall be entitled to a car and driver and to participate in the Company's other perquisites in accordance with the terms and conditions of such arrangements as they are in effect from time to time for the Company's chief executive officer, including without limitation, tax preparation and financial counseling, first-class air travel and limousine services.
(c) The Executive shall be entitled to five weeks paid vacation per year of employment, which shall accrue and otherwise be subject to the Company's vacation policy for senior executives.
Reimbursement of Business and Other Expenses: Perquisites; Vacations. (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement including, but not limited to, travel, entertainment, subscriptions and dues associated with Employee's membership in professional, business and civic organizations and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with carrying out the business of the Company and its affiliates, subject to documentation in accordance with the Company's policy.
(b) During the Term of Employment, the Executive shall be entitled to three weeks' paid vacation per year.
(c) The Company shall not be obligated to institute, maintain, or refrain from changing, amending or discontinuing, any incentive compensation, employee benefit or stock or stock option program or plan, so long as such actions are similarly applicable to covered employees generally.
(d) The Company may withhold from any compensation, benefits, or amounts payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law or governmental regulation or ruling.
(e) During the pendency of a potential change of Control or during the period commencing on a Change of Control Date and ending on the third anniversary thereof, the benefits provided for in Sections 4, 5, 6, 7 & 8 may not be diminished from the highest level previously provided or available to the Executive immediately prior to the potential Change of Control or within the ninety-day period prior to the Change of Control Date, as applicable.
