Benefits and Expenses Contract Clauses (36)

Benefits and Expenses. You may continue to participate in any and all benefit programs that the Company establishes and makes available to its employees from time to time, provided you are eligible under (and subject to all provisions of) the plan documents governing those programs. The benefit programs made available by the Company, and the rules, terms and conditions for participation in such benefit programs, may be changed by the Company at any time without advance notice (other than as required by such programs o...r under law). All reasonable business expenses that are documented by you and incurred in the ordinary course of business will be reimbursed in accordance with the Company's standard policies and procedures. Notwithstanding the foregoing, unless the Board otherwise determines (i) for up to 24 months following the Effective Date travel expenses for travel between your home and the Company's Boston area headquarters will be reimbursed in accordance with the Company's Travel and Expense Policy and (ii) beginning 24 months following the Effective Date, the Company will no longer reimburse you for travel expenses for travel between your home and the Company's Boston area headquarters. View More

Benefits and Expenses. (a) Paul shall be entitled to participate in and receive all fringe benefit programs and plans, if any as are generally available to employees and/or directors of the Company and the Bank. (b) Paul is authorized to incur reasonable expenses for conducting and promoting the business and activities of the Company and the Bank, including expenses for travel, business entertainment and similar expenses in accordance with the policies of the Company and the Bank regarding the reimbursement of expense...s applicable to employees and/or directors of the Company and the Bank generally, as such policies may from time to time exist. (c) Paul shall be entitled to the use of his current office located in the building in which the principal executive offices of the Company are located, together with such secretarial and other office support services as he may reasonably require. 2 5. Outside Activities. Paul shall devote his best efforts to the performance of his duties hereunder and shall commit and make available sufficient time to provide the services reasonably requested by the Company and the Bank in a timely manner. However, nothing contained herein shall be construed to prohibit Paul from engaging in any other full or part-time employment, or any consulting or independent contractor arrangement or any other occupation, whether or not for remuneration, provided, however, that no such outside activity shall be in competition with the activities of the Company or the Bank, or be otherwise detrimental or adverse to the business. competitiveness, operations, or image of the Company or the Bank. View More