WORKING CONDITIONS AND BENEFITS. While employed by the Company hereunder: (a) The Executive shall be entitled to four (4) weeks of paid vacation per year, in accordance with the Company's Practices and shall be entitled to sick leave and personal time in accordance with the Company's policies for its senior executives. (b) The Executive shall be authorized to incur reasonable and necessary expenses for promoting the business of the Company, including expenses for entertainment, travel and similar items, all in accordance with the Company's Practices. The Company shall reimburse the Executive for all such expenses, upon presentation by the Executive of an itemized account of such authorized expenditures in accordance with the Company's Practices with respect to expense reimbursement. (c) The Company in accordance with Xxxxxxxx'x prior practices (x) shall provide to the Executive an automobile for business use and (y) shall pay for certain expenses incurred in connection with such use. (d) The Company shall provide to the Executive to the full extent provided for under the laws of the Company's state of incorporation and the Company's By-Laws, indemnification for any claim or lawsuit which may be asserted against the Executive with respect to his capacity as an officer or employee of the Company, provided that said indemnification is not in violation of any Federal or state law, rule or regulation. The indemnification obligations of the Company shall survive the termination of this Agreement.
Appears in 5 contracts
Samples: Employment Agreement (Schein Henry Inc), Employment Agreement (Schein Henry Inc), Employment Agreement (Schein Henry Inc)
WORKING CONDITIONS AND BENEFITS. While employed by the Company hereunder:
(a) The Executive shall be entitled to four (4) weeks of paid vacation per year, in accordance with the Company's Practices and shall be entitled to sick leave and personal time in accordance with the Company's policies for its senior executives.
(b) The Executive shall be authorized to incur reasonable and necessary expenses for promoting the business of the Company, including expenses for entertainment, travel and similar items, all in accordance with the Company's Practices. The Company shall reimburse the Executive for all such expenses, upon presentation by the Executive of an itemized account of such authorized expenditures in accordance with the Company's Practices with respect to expense reimbursement.
(c) The Company in accordance with Xxxxxxxx'x prior practices (x) shall provide to the Executive an automobile for business use and (y) shall pay for certain expenses incurred in connection with such use.
(d) The Company shall provide to the Executive to the full extent provided for under the laws of the Company's state of incorporation and the Company's By-Laws, indemnification for any claim or lawsuit which may be asserted against the Executive with respect to his capacity as an officer or employee of the Company, provided that said indemnification is not in violation of any Federal or state law, rule or regulation. The indemnification obligations obligation of the Company shall survive the termination of this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Schein Henry Inc), Employment Agreement (Schein Henry Inc)