Miscellaneous Fringe Benefits Agreement for Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines fringe benefits provided by the company to its executives. It includes company-paid travel accident insurance for employees who travel for work, with coverage amounts based on position—$250,000 for Vice Presidents and $400,000 for the Chairman. Additionally, the company reimburses certain executive officers for the cost of their personal excess liability insurance policies. These benefits are provided at no cost to the eligible executives as part of their employment.

Read More Arrow
EX-10.3 5 pdm292d.txt MISCELLANEOUS FRINGE BENEFITS Exhibit 10.3 MISCELLANEOUS FRINGE BENEFITS FOR EXECUTIVES - -------------------------------------------- BLANKET TRAVEL ACCIDENT INSURANCE - --------------------------------- For those employees who are required to travel in carrying out their job responsibilities, the Company provides at no cost a travel accident insurance plan. The coverage is based on position and title with Vice Presidents insured for $250,000 and the Chairman of the Board for $400,000. This plan provides coverage for accidental death while traveling and while away from home on Company business. PERSONAL EXCESS LIABILITY POLICIES - ---------------------------------- The Company reimburses certain executive officers for the cost of personal excess liability policies. 98