Common use of Vacation, Insurance and Benefits; Expenses Clause in Contracts

Vacation, Insurance and Benefits; Expenses. (a) You shall be entitled to all legal holidays recognized by the Company, and 20 days of paid vacation per annum. Any unused vacation shall be subject to Company policy as from time to time in effect. Vacation days for the first fiscal year of your employment will be prorated. (b) You shall be eligible for participation in any health, dental, and other insurance plans that may be established and maintained by the Company from time to time for its employees of your level, all as determined by the Board in its discretion. You shall also be entitled to participate in any employee benefit programs that the Board may establish for Company employees generally, including but not limited to health insurance, 401(k) Plan and stock purchase or option plans. The Company’s employee benefit programs will be discussed during your orientation. (c) The Company shall reimburse you for all usual and ordinary business expenses incurred by you in the scope of your employment hereunder in accordance with the Company’s expense reimbursement policy as from time to time in effect.

Appears in 2 contracts

Samples: Employment Agreement (HeartWare International, Inc.), Employment Agreement (HeartWare International, Inc.)

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Vacation, Insurance and Benefits; Expenses. (a) You shall be entitled to all legal holidays recognized by the Company, and 20 days of paid vacation per annum. Any unused vacation shall be subject to Company policy as from time to time in effect. Vacation days for the first fiscal year of your employment will be prorated. (b) You shall be eligible for participation in any health, dental, and other insurance plans that may be established and maintained by the Company from time to time for its employees of your level, all as determined by the Board in its discretion. You shall also be entitled to participate in any employee benefit programs that the Board may establish for Company employees generally, including but not limited to health insurance, 401(k) Plan and stock purchase or option plans. The Company’s employee benefit programs will be discussed during your orientation. (c) The Company shall reimburse you for all usual and ordinary business expenses incurred by you in the scope of your employment hereunder in accordance with the Company’s expense reimbursement policy as from time to time in effect. In addition, the Company shall reimburse you, on a monthly basis after receipt of appropriate documentation of the expense, for the cost of your personal cell phone service.

Appears in 1 contract

Samples: Employment Agreement (HeartWare International, Inc.)

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Vacation, Insurance and Benefits; Expenses. (a) You shall be entitled to all legal holidays recognized by the Company, and 20 15 days of paid vacation per annum. Any unused vacation shall be subject to Company policy as from time to time in effect. Vacation days for the first fiscal year of your employment will be prorated. (b) You shall be eligible for participation in any health, dental, and other insurance plans that may be established and maintained by the Company from time to time for its employees of your level, all as determined by the Board in its discretion. You shall also be entitled to participate in any employee benefit programs that the Board may establish for Company employees generally, including but not limited to health insurance, 401(k) Plan and stock purchase or option plans. The Company’s employee benefit programs will be discussed during your orientation. (c) The Company shall reimburse you for all usual and ordinary business expenses incurred by you in the scope of your employment hereunder in accordance with the Company’s expense reimbursement policy as from time to time in effect.

Appears in 1 contract

Samples: Employment Agreement (HeartWare International, Inc.)

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