Common use of WORKING CONDITIONS AND BENEFITS Clause in Contracts

WORKING CONDITIONS AND BENEFITS. (A) Executive shall be entitled to a paid minimum three (3) week vacation during each year of his employment with the Company. (B) The Executive is authorized to incur reasonable and necessary expenses for promoting the business of the Company, including authorized expenses for entertainment, travel and similar items. The Company shall reimburse the Executive on a bi-monthly basis for all such expenses, upon presentation by the Executive of an itemized account of such authorized expenditures. (C) The Executive shall be employed by the Company at executive offices maintained by the Company in the New Jersey area and at no other location. The Executive shall travel on the Company's behalf to the extent reasonably necessary. (D) The Company shall provide to the Executive during the term of this agreement a motor vehicle for business use and shall pay for all costs, expenses (including insurance, maintenance and like charges) in connection with such use. (E) The Company shall provide the Executive during the term of this agreement (and thereafter as provided for under Article VII(A)), with hospitalization and major medical health and dental insurance providing coverage for the Executive and his dependents as per the Company's standard plan(s). The Executive shall permit the Company to have key man life insurance on his life in the amount determined by the Board of Directors, with the Company as the beneficiary of such life insurance. (F) 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 when acting in such capacity for the Company, provided that said indemnification is not in violation of any Federal or state law, rule or regulation.

WORKING CONDITIONS AND BENEFITS. (A) Executive shall be entitled to a paid minimum three (3) week vacation during each year of his employment with the Company. (B) The Executive is authorized to incur reasonable and necessary expenses for promoting the business of the Company, including authorized expenses for entertainment, travel and similar items. The Company shall reimburse the Executive on a bi-monthly basis for all such expenses, upon presentation by the Executive of an itemized account of such authorized expenditures. (C) The Executive shall be employed by the Company at executive offices maintained by the Company in the New Jersey area and at no other location. The Executive shall travel on the Company's behalf to the extent reasonably necessary. (D) The Company shall provide to the Executive during the term of this agreement a motor vehicle for business use and shall pay for all costs, expenses (including insurance, maintenance and like charges) in connection with such use. (E) The Company shall provide the Executive during the term of this agreement (and thereafter as provided for under Article VII(AArticleVII(A)), with hospitalization and major medical health and dental insurance providing coverage for the Executive and his dependents as per the Company's standard plan(s). The Executive shall permit the Company to have key man life insurance on his life in the amount determined by the Board of Directors, with the Company as the beneficiary of such life insurance. (F) 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 when acting in such capacity for the Company, provided that said indemnification is not in violation of any Federal or state law, rule or regulation.