Vacations and Other Benefits. You will be entitled to four (4) weeks of vacation per year, in addition to holidays observed by the Company. Vacation may be taken at such times and intervals as you shall determine, subject to the business needs of the Company. In addition, the Company shall provide you with a cellular telephone and related service plan.
Vacations and Other Benefits. During the Term, the Executive shall be entitled to earn vacation at the rate of four (4) weeks per year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive shall be entitled to carryover up to two (2) weeks of vacation into the following calendar year. Vacation shall otherwise be governed by the policies of the Company, as in effect from time to time. During the Term, the Executive shall be entitled to participate in or receive benefits under any employee benefit plans including but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident plans, medical coverage or any other employee benefit plan or arrangement made available by the Company in the future to its senior executives and key management employees (such plans, the “Employee Benefit Plans”), except to the extent any such Employee Benefit Plan is in a category of benefit otherwise provided to the Executive by China Co., US Co. or otherwise (e.g., a severance pay plan). Such participation shall be subject to the terms of the applicable plan documents and generally applicable Company policies. The Company may alter, modify, or terminate its Employee Benefit Plans at any time as it, in its sole judgment, determines to be appropriate, without recourse by the Executive. In addition, the Executive shall be entitled to the following benefits, to the extent the Executive continues to be principally based in China: · Car and driver — Lease/rental of an automobile for full time use with a driver; in the Board’s discretion, capped at a reasonable limit, except to the extent such benefit is already provided by China Co.; · Home visit — One (1) annual Business class airline travel, roundtrip, to the United States for the Executive and any dependents living with the Executive in China, if any; and · Tax Equalization/Tax preparation assistance — The Company acknowledges that the Executive’s employment may result in the imposition on the Executive by a country or countries other than the U.S. of income taxes (excluding penalties) over and above the federal income tax of the U.S. to which he is subject. The Company agrees that it will provide the Executive with payments intended to make him whole for those additional taxes (the “Tax Equalization Payments”). In connection with the Tax Equalization Payments, the Company will provide tax preparation assi...
Vacations and Other Benefits. (a) Employee shall be entitled to reasonable vacations each year of his employment with Employer as well as all other employment benefits and perquisites (including, without limitation, medical, prescription drug, dental, hospitalization, life insurance, death and retirement plans, office space, secretary as selected by Employee, support services, an automobile allowance or the use of an automobile, and the like) at levels at least as great as afforded to other senior executives of Employer and consistent with that afforded under Employer's policies. Employer may, at its sole discretion, change such policies. In addition, Employer will provide Employee with life insurance and long-term disability insurance as described on Schedule A hereto.
Vacations and Other Benefits. The Employee will be subject to OSCIENT’s standard vacation policy, which initially provides for three (3) weeks of vacation per year. Vacation may be taken at such times and intervals as the Employee shall determine, subject to the business needs of OSCIENT.
Vacations and Other Benefits. The Executive will be subject to OSCIENT’s standard vacation policy, which initially provides for three (3) weeks of vacation per year. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of OSCIENT. Additionally, OSCIENT will, at its expense, provide the Executive with a supplemental life insurance policy for the purpose of increasing his term life coverage level to three times the Executive’s Base Salary.
Vacations and Other Benefits. (a) The Executive shall be entitled to reasonable vacations each year of his employment with the Company as well as all other employment benefits and perquisites (including, without limitation, medical, prescription drug, dental, hospitalization, life insurance, death and retirement plans, office space, secretary as selected by the Executive, support services, an automobile allowance or the use of an automobile, and the like) at levels at least as great as afforded to other senior executives of the Company and consistent with that afforded under the Company’s policies. The Company may, at its sole discretion, change such policies. In addition, the Company will provide the Executive with life insurance and long-term disability insurance as described on Exhibit “A” hereto.
Vacations and Other Benefits. Employee shall be entitled to such paid vacation and other benefits as shall be in effect from time to time for senior executive officers of Employer.
Vacations and Other Benefits. You will be subject to the Company’s standard vacation policy, which initially provides for three (3) weeks of vacation per year. Vacation may be taken at such times and intervals as you shall determine, subject to the business needs of the Company. Additionally, the Company will, at its expense, provide you with a supplemental life insurance policy for the purpose of increasing your term life coverage level to three times your Base Salary.
Vacations and Other Benefits a. Purchaser has assumed responsibility for all of the Transferred Employees' accrued vacation benefits and will honor the Transferred Employees 1995 vacation entitlements under Seller's vacation policy, provided, however, that Seller shall pay or reimburse Purchaser for payments made to any Transferred Employees for the cash value of accrued vacation which is unused at the time of the resignation of such Transferred Employee within 90 days of Closing.
Vacations and Other Benefits
