Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in employee benefit and fringe benefit plans and programs generally available to the executive officers of the Company and such additional benefits as the Board may from time to time provide. In addition, Executive shall be entitled to receive the personal benefits described on Exhibit A hereto. Executive shall be entitled to reimbursement for business expenses, including travel and entertainment; PROVIDED, that such reimbursement shall be limited to reasonable and necessary expenses incurred by Executive in connection with the performance of duties on behalf of the Company subject to: (i) timely submission of a properly executed Company expense report form accompanied by appropriate supporting documentation, and (ii) compliance with Company policies and procedures governing business expense reimbursement and reporting based upon principles and guidelines established by the Audit Committee of the Board, including periodic audits by the Internal Audit Department of the Company and/or the Audit Committee of the Board. Notwithstanding the foregoing, Executive shall in all events be entitled to reimbursement for travel expenses incurred in the performance of job duties commensurate with reimbursement policies generally available to similarly situated Vice Presidents.
Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in (1) each welfare benefit plan sponsored or maintained by the Company, including, without limitation, each life, hospitalization, medical, dental, health, accident or disability insurance or similar plan or program of the Company, and (2) each pension, profit sharing, retirement, deferred compensation or savings plan sponsored or maintained by the Company, in each case, whether now existing or established hereafter, to the extent that the Executive is eligible to participate in any such plan under the generally applicable provisions thereof. With respect to the pension or retirement benefits payable to the Executive, the Executive's service credited for purposes of determining the Executive's benefits and vesting shall be determined in accordance with the terms of the applicable plan or program. Nothing in this Section 3(c), in and of itself, shall be construed to limit the ability of the Company to amend or terminate any particular plan, program or arrangement. For the purposes of defining years of service, the Executive shall be given credit for his/her years of service with Genesis Health Ventures, Inc.
Benefits Perquisites and Expenses. During the Term, the Executive shall be eligible to participate in employee benefit and fringe benefit plans and programs generally available to the executive officers of the Company and such additional benefits as the Board may from time to time provide. In addition, Executive shall be entitled to receive the personal benefits described in Exhibit A hereto. Reimbursement for business expenses, including travel and entertainment, shall be limited to reasonable and necessary expenses incurred by Executive in connection with performance of duties on behalf of the Company subject to: (i) timely submission of a properly executed Company expense report form accompanied by appropriate supporting documentation, and (ii) compliance with Company policies and procedures governing business expense reimbursement and reporting based upon principles and guidelines established from time to time by the Audit Committee of the Board, including periodic audits by the Internal Audit Department of the Company and/or the Audit Committee.
Benefits Perquisites and Expenses. During the Consulting Period, Consultant shall be entitled to the following benefits and perquisites:
(a) Reimbursement for all reasonable and documented expenses incurred by Consultant in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to-such reimbursement. In addition to the foregoing, within 30 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $3,000,000, the Company shall reimburse Consultant for up to $7,041.75 of reasonable and documented legal expenses incurred by him in connection with his activities on behalf of Skeletech Incorporated prior to the Commencement Date.
(b) Within 15 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $500,000, reimbursement of up to $2,500 of reasonable and documented legal fees incurred by Consultant in connection with the negotiation of this Agreement with the Company.
Benefits Perquisites and Expenses. During the term of employment, Employee and his dependents, and his beneficiaries to the extent provided in the Company's applicable benefit plan or program, shall be entitled to the following benefits and perquisites:
(a) Participation in the employee benefit plans of the Company available to its employees generally, as they may be modified from time to time, including, without limitation, plans providing medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance. An accurate and complete listing of all such plans in effect as of the date hereof is attached hereto as Schedule 1.
(b) During the term of employment commencing three (3) months following the Commencement Date, three (3) weeks of paid vacation in each calendar year during the term of employment accrued from the commencement date, plus such holidays, sick leave and other time off as are established by the policies of the Company. Unused days of vacation may be carried over to March 31 of the subsequent year and shall thereafter lapse for all time.
(c) Reimbursement for all reasonable and documented expenses incurred by Employee in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement.
(d) Participation in the employee 401(k) program, incentive stock option program and other such savings or incentive programs as may be offered to employees of a comparable position during the term of employment.
(e) Employee will be reimbursed for expenses associated with the relocation of household goods from Shaker Heights, Ohio to the Baltimore area and up to $3,000 for temporary housing in the Baltimore area prior to the permanent relocation. In the event that Employee relocates to Europe at the request of the Company, then the Company will reimburse the cost of such relocation.
Benefits Perquisites and Expenses. During the term of employment, Employee and his dependents, and his beneficiaries to the extent provided in the Company's applicable benefit plan or program, shall be entitled to the following benefits and perquisites:
(a) Participation in the employee benefit plans of the Company available to its employees generally, as they may be modified from time to time, including, without limitation, plans providing medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance. An accurate and complete listing of all such plans in effect as of the date hereof is attached hereto as Schedule 1.
(b) During the term of employment commencing three (3) months following the Commencement Date, three (3) weeks of paid vacation in each calendar year during the term of employment accrued from the commencement date, plus such holidays, sick leave and other time off as are established by the policies of the Company. Unused days of vacation may be carried over to March 31 of the subsequent year and shall thereafter lapse for all time.
(c) Reimbursement for all reasonable and documented expenses incurred by Employee in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement.
(d) Participation in the employee 401(k) program, incentive stock option program and other such savings or incentive programs as may be offered to employees of a comparable position during the term of employment.
Benefits Perquisites and Expenses. During the Consulting Period, Consultant shall be entitled to the following benefits and perquisites:
(a) Participation in the employee benefit plans of the Company, as they may be modified or added to from time to time, including, without limitation, plans providing retirement benefits, medical insurance, life insurance, disability insurance, and accidental death or dismemberment insurance, but only to the extent such benefits are not available to Consultant from his then current employer.
(b) Reimbursement for all reasonable and documented expenses incurred by Consultant in connection with the performance of his duties hereunder, in accordance with the Company policy with respect to such reimbursement. In addition to the foregoing, within 30 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $3,000,000, the Company shall reimburse Consultant for up to $14,005.00 of reasonable and documented expenses incurred by him in connection with his activities on behalf of the Company and Skeletech Incorporated prior to the Commencement Date.
(c) Within 15 days after the Company has sold shares of its capital stock (common or preferred) for an aggregate purchase price of at least $500,000, reimbursement of up to $2,500 of reasonable and documented legal fees incurred by Consultant in connection with the negotiation of this Agreement with the Company.
(d) Commencing on the Financing Closing Date, life insurance on the life of Consultant in a face amount of $1,000,000 naming the Consultant or his designee(s) as the beneficiary of the proceeds of such policy. Consultant shall cooperate with the Company as may be necessary in connection with any application for such life insurance or any life insurance on the life of the Consultant naming the Company or its designees as the beneficiary.
Benefits Perquisites and Expenses. (a) During the Employment Period: (i) the Employee shall be entitled to participate in all savings and retirement plans, practices, policies and programs of the Employer and its affiliated companies which are made available to any other executive officers of the Employer and its affiliated companies; and (ii) the Employee and/or the Employee's family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Employer and its affiliated companies (including, without limitation, medical, prescription, dental, disability, life insurance, group life insurance, short- and long-term disability, accidental death and travel accident insurance plans and programs) which are made available to any other executive officers of the Employer and its affiliated companies.
(b) During the Employment Period, the Employee shall be entitled to paid vacation in accordance with the Employer's practice and policies. The ability to carry forward vacation time shall be subject to the Employer's vacation policy applicable to executive officers of the Employer as in effect from time to time.
Benefits Perquisites and Expenses
