Expenses and Benefits. (a) During his employment hereunder, Executive is authorized to incur reasonable and appropriate expenses related to the business of Luby's, including expenses for entertainment, travel, and similar matters. Luby's will reimburse Executive for such expenses upon presentation by Executive of such accounts and records as Luby's may from time to time reasonably require.
(b) Luby's also agrees to provide Executive with the following benefits during his employment hereunder:
Expenses and Benefits. (a) Employee shall be entitled to reimbursement for all reasonable and ordinary expenses incurred by Employee in the course of, and directly related to, the rendering of services pursuant to this Agreement in accordance with the Company’s policies for reimbursement of such expenses, and the limitations thereon, that are in effect at the time such expenses are incurred. Such expenses shall be supported by reasonable documentation and accepted standards and rules that the Company will put into place from time to time.
(b) During his employment under this Agreement, Employee shall be entitled to participate in or receive benefits under the Company’s medical, health, disability, retirement, welfare and insurance plans and arrangements then in effect and generally made available from time to time to the management employees of the Company, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements.
(c) Employee shall be entitled to twenty (20) days of paid vacation each year during the Term. Such vacation time shall accrue and cumulate in accordance with the Company’s vacation policy.
(d) Employee shall be elected as a Director of the Company and any Company subsidiaries, subject to the approval of the Company’s stockholders, to serve in such capacity until the expiration or termination of this Agreement. The Company agrees to use its reasonable efforts to procure all of these approvals.
(e) Upon Employee’s completion of five (5) years of full-time continuous employment with the Company, Employee shall be entitled to a paid sabbatical for a period of up to six (6) weeks.
(f) Employee shall be entitled to reimbursement of legal expenses incurred by Employee in the event any entity institutes legal action against Employee based on Employee entering into this Agreement and/or related to Employee’s efforts as an employee or member of the Board of Directors of the Company. The contents of this section shall in no way limit indemnification provisions contained in other agreements or documents of the Company.
Expenses and Benefits. (a) The Company shall, consistent with its policy of reporting and reimbursement of business expenses, reimburse Executive for such ordinary and necessary business related expenses as shall be incurred by Executive in the course of the performance of his duties under this Agreement.
(b) Executive shall be eligible to participate to the extent that he qualifies in all benefit plans, including without limitation, pension, term life insurance, hospitalization, medical insurance and disability plans as are made available from time-to time to executives of the Company.
(c) Executive shall be entitled to four weeks of paid vacation annually, which shall be taken in accordance with the procedures of the Company in effect from time-to-time.
Expenses and Benefits. Employee is authorized to incur reasonable expenses in connection with the business of Employer, including expenses for entertainment, travel and similar matters. Employer will reimburse Employee for such expenses upon presentation by Employee of such accounts and records as Employer shall, from time to time, require. Employer also agrees to provide Employee with the following benefits:
Expenses and Benefits. (a) Employee shall be entitled to reimbursement for all reasonable and ordinary expenses incurred by Employee in the course of, and directly related to, the rendering of services pursuant to this Agreement in accordance with the Company’s policies for reimbursement of such expenses, and the limitations thereon, that are in effect at the time such expenses are incurred. Such expenses shall be supported by reasonable documentation and accepted standards and rules that the Company will put into place from time to time.
(b) During his employment under this Agreement, Employee shall be entitled to participate in or receive benefits under the Company’s medical, health, disability, retirement, welfare, and insurance plans then in effect and generally made available from time to time to the management employees of the Company, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements.
(c) Employee shall be entitled to twenty (20) days of paid vacation each 12-month period during the Term. Such vacation time shall accrue and cumulate in accordance with the Company’s vacation policy.
Expenses and Benefits. USPI agrees to provide Employee with the following benefits:
Expenses and Benefits. Section 5(c)(ii) of the First Amended Agreement is amended to read as follows:
Expenses and Benefits. (a) The Company, consistent with its policy of reporting and reimbursement of business expenses, reimburse Employee for such ordinary and necessary business related expenses as shall be incurred by Employee in the course of the performance of his duties under this Agreement
(b) Employee shall be eligible to participate to the extent that he qualifies in all benefit plans, including without limitation, pension, term life insurance, hospitalization, medical insurance and disability plans as are made available from time-to-time to executives of the Company.
(c) Employee shall be entitled to three weeks of paid vacation annually, and to accumulate unused vacation weeks to the end of this agreement.
Expenses and Benefits. Xxxxxxxxx is authorized to incur reasonable expenses in connection with the business of the Company, including expenses for entertainment, travel and similar matters. The Company will reimburse Xxxxxxxxx for such expenses upon presentation by Xxxxxxxxx of such accounts and records as the Company shall from time to time reasonably require. The Company also agrees to provide Xxxxxxxxx with the following benefits:
Expenses and Benefits. The Company shall reimburse the Employee for all ordinary and necessary business expenses incurred by him while carrying out his employment responsibilities under this Agreement. The Employee shall receive a monthly auto allowance of $400, shall be reimbursed by the Company for such auto's gasoline and oil charges and the Company will pay up to $900 annually for auto insurance on such auto. The Employee shall be entitled to participate in such other fringe benefit programs as the Company from time to time shall establish for all of its other full time employees of similar status, if he is otherwise eligible to participate in such programs. The Company retains the right to establish limits on the types or amounts of business expenses that the Employee may incur and to abolish or alter the terms of any fringe benefit program that it may establish. The Employee shall be paid a bonus up to 60% of the gross salary paid to Employee during the year. Such bonus shall be based on individual and Company performance and shall be paid to the Employee no later than March 31 of the year following the year in which the bonus is earned. During the term of this Agreement, the Employee shall be eligible to participate in any stock option plans generally available to the Company's key employees.
