Additional Benefits Contract Clauses (127)

Additional Benefits. a.Automobile. The Company shall reimburse Employee for deductible automobile mileage according to its Expense Reporting Procedures. b.Business Expenses. The Company will reimburse Employee for all reasonable, deductible and substantiated business expenses per its Expense Reporting Procedures. This includes, but is not limited to, such expenses as computer and necessary software, cell phones and business meetings. c.PTO. Employee shall be entitled to 33 days of paid time off ("PTO") per each cale...ndar year earned ratably over each calendar year, to be taken at such times as Employee and the Company shall determine and provided that no PTO time shall unreasonably interfere with the duties required to be rendered by Employee hereunder. Any PTO not taken by Employee during any calendar year may be carried forward into the succeeding calendar year. However, Employee may only accrue PTO up to a maximum of 80 hours. Once Employee reaches the 80-hour maximum accrual amount, she will not accrue any additional PTO time until additional PTO is used, bringing Employee below the maximum accrual amount, at which time she will begin accruing PTO again. Accrued but unused PTO will be paid out to Employee at the time of termination of employment. 3 d.Benefits. Employee will be eligible to participate in other benefits programs generally available to executive officers of the Company specifically including health and dental insurance, short-term and long-term disability insurance, life insurance and the 401(k) plan, with a 4% Company matching program for the 401(k) plan. View More

Additional Benefits. (a) Employee shall be eligible to participate in or receive benefits under any employee benefit plan or arrangement now or in the future made available by the Company generally to its executive employees, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements. Nothing in this Agreement shall affect the Company's right to change insurance carriers and to adopt, amend, terminate, or modify such plans and arrangements from time to t...ime, provided that such changes apply to all Employee employees generally. (b) Employee shall be entitled to take 30 days of paid vacation during each 12-month period. No paid vacation may be carried forward from one 12-month period to another. The other terms and conditions of such vacation and all other forms of leave, including accrual rates and payout, shall be as set forth in the Company's vacation and leave policies, as they may exist and be amended from time to time. Employee shall also be entitled to all paid holidays given by the Company in accordance with the Company's regular paid holiday policy, as it may exist and be amended from time to time. View More

Additional Benefits. Automobile. Company shall reimburse Employee for deductible automobile mileage according to its Expense Reporting Procedures. Business Expenses. Company will reimburse Employee for all preapproved, reasonable, deductible and substantiated business expenses per its Expense Reporting Procedures. This includes, but is not limited to such expenses as cell phones and business meetings. Vacation. Employee shall be entitled to four (4) weeks of paid vacation per each calendar year (pro rated for 2019) ...earned ratably over each calendar year, to be taken at such times as Employee and Company shall determine and provided that no vacation time shall unreasonably interfere with the duties required to be rendered by Employee hereunder; provided that the Employee shall only accrue up to a maximum of thirty (30) vacation days. Once the maximum number of days of vacation is accrued, no additional vacation days will accrue until Employee uses accrued vacation. Once the accrued vacation days fall below the accrual cap, Employee will commence accruing vacation again under the formula above starting after the number of days falling below the maximum. This vacation policy provision is meant to act as a cap or limit on the accrual of vacation time, and is not meant to act as a forfeiture of any accrued vacation benefits. Any vacation time not taken by Employee during any calendar year may be carried forward into one succeeding calendar year. Accrued but unused vacation will be paid out to Employee at the time of termination of employment. Benefits. Employee will be eligible for the benefits provided from time to time by the Company for the benefit of its executive employees. 2 6. Nondisclosure Agreement. Employee acknowledges that he has executed in favor of the Company that certain Agreement Regarding Confidential/Proprietary Information, Nondisclosure, Non-Solicitation And Invention Assignment dated effective September 20, 2019 (the "Nondisclosure Agreement"), the terms of which shall continue in full force and effect and shall control in the case of any conflicts with the terms of this Agreement. Notwithstanding anything to the contrary herein, Company shall have no obligation to pay to Employee any severance payments due hereunder if Employee breaches the terms of the Nondisclosure Agreement after the date of the termination of Employee's employment with the Company. View More

Additional Benefits. During the Term, Employee shall be entitled to receive all other benefits of employment generally available to Employer's other employees when and as he becomes eligible for them, including, medical, dental, life, and disability insurance benefits. Employer reserves the right to modify, suspend, or discontinue any and all of the above benefit plans, policies, and practices at any time without notice to or recourse by Employee, as long as such action is taken generally with respect to other simil...arly situated persons and does not single out Employee. View More

Additional Benefits. In addition to the Base Compensation provided for in Section 5 herein, Employee shall be entitled to the following: (a) Expenses. The Company shall, in accordance with any rules and policies that it may establish from time to time for executive officers, reimburse Employee for business expenses reasonably incurred in the performance of his duties. It is understood that Employee is authorized to incur reasonable business expenses for promoting the business of the Company, including reasonable exp...enditures for travel, lodging, meals and client or business associate entertainment. Request for reimbursement for such expenses must be accompanied by appropriate documentation, and shall be reimbursed in accordance with the Company's rules and policies as in effect from time to time and as set forth in Section 8(k)(iii) below. (b) Vacation. Employee shall be entitled to vacation time, as determined by the Board, of not less than 6 weeks per year. Employee shall not be entitled to compensation for, or to carry forward, any unused vacation time. Vacation time shall mean personal time when Employee is not available to the Company by telephone, email or other communication. (c) General Benefits. Employee shall be entitled to health insurance benefits, either pursuant to a plan or shall be reimbursed if Employee maintains his own health insurance. 2 (d) Corporate Change. Upon the occurrence of a "Corporate Change" as hereinafter defined, Employee shall be considered as immediately and totally vested in any and all similar equity or equity-based awards previously made to Employee by the Company or its subsidiaries under a "Long Term Incentive Plan" or other grant duly adopted by the Board or the Compensation Committee thereof (such options or similar awards are hereinafter collectively referred to as "Awards"); provided, however, with respect to Awards that are deferred compensation subject to Code Section 409A, such accelerated vesting shall not cause an acceleration of a payment or result in a change in form of payment that would violate Code Section 409A. For purposes of this Agreement, a "Corporate Change " shall occur if (i) the Company (A) shall not be the surviving entity in any merger, consolidation or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly-owned subsidiary of the Company) or (B) is to be dissolved and liquidated, and as a result of or in connection with such transaction, the persons who were directors of the Company before such transaction shall cease to constitute a majority of the Board, or (ii) any person or entity, including a "group" as contemplated by Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, acquires or gains ownership or control (including, without limitation, power to vote) of 50% or more of the outstanding shares of the Company's voting stock (based upon voting power), and as a result of or in connection with such transaction, the persons who were directors of the Company before such transaction shall cease to constitute a majority of the Board, or (iii) the Company sells all or substantially all of the assets of the Company to any other person or entity (other than a wholly-owned subsidiary of the Company) in a transaction that requires shareholder approval pursuant to applicable corporate law; or (iv) during a period of two consecutive calendar years, individuals who at the beginning of such period constitute the Board, and any new director(s) whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least a majority of the directors then still in office, who either were directors at the beginning of the two (2) year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board; or (v) any other event that a majority of the Board, in its sole discretion, shall determine constitutes a Corporate Change hereunder. (e) Country Club and/or Health Club Dues; Car Allowance. The Company shall pay for Employee's country club and/or health club dues and provide for an appropriate car allowance, as determined by the Board. View More

Additional Benefits. (a) Executive will be entitled to participate in all other compensation or employee benefit plans or programs and receive all benefits for which salaried employees of PSID generally are eligible under any plan or program now or later established by PSID on the same basis as similarly situated senior executives of PSID. Executive will participate to the extent permissible under the terms and provisions of such plans or programs, in accordance with program provisions. (b) PSID issued 25,000,000 (t...wenty-five million) stock options (the "Options") in PSID to Executive on January 7, 2016, in contemplation of this agreement. The options shall vest thirty-four percent (34%) on January 1, 2017 and thirty-three percent (33%) percent, each on January 1, 2018, and January 1, 2019. (c) PSID shall provide the Executive with a leased automobile and all expenses related to that automobile during the term of this Agreement. View More