Grouped Into 97 Collections of Similar Clauses From Business Contracts
This page contains Benefits clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Benefits. Employee's health insurance benefits shall cease on the last day of the month in which the Separation Date occurs, subject to Employee's right to continue Employee's health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Separation Date.
Benefits. Employee's health insurance benefits shall cease on the last day of the month in which the Separation Date occurs, January 31, 2019, subject to Employee's right to continue Employee's health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Separation Date.
Benefits. Employee's health insurance benefits shall cease on the last day of the month in which the Separation Date occurs, June 30, 2019, subject to Employee's right to continue Employee's health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, equity awards, and the accrual of bonuses, vacation, and paid time off, ceased as of the Separation Closing Date.
Benefits. Employee's Executive's health insurance benefits shall cease on the last day of the month in which the Separation Date occurs, May 2019, subject to Employee's Executive's right to continue Employee's his health insurance under COBRA. Employee's Executive's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Separation Termination Date.
Benefits. 4.1Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company's employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time. 4.2Reimbursement of Business Expenses. The Executive is autho...rized to incur reasonable expenses in carrying out the Executive's duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive's duties for the Company, subject to the Company's expense reimbursement policies and any pre-approval policies in effect from time to time. The Executive agrees to promptly submit and document any reimbursable expenses in accordance with the Company's expense reimbursement policies to facilitate the timely reimbursement of such expenses. 3 4.3Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual shall be fifteen (15) days per year, with such vacation to accrue and be subject to the Company's vacation policies in effect from time to time, including any policy which may limit vacation accruals and/or limit the amount of accrued but unused vacation to carry over from year to year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company.View More
Benefits. 4.1Retirement, 3.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company's employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time. 4.2Reimbursement 3.2 Reimbursement of Busines...s Expenses. The Company will reimburse Executive is authorized to incur reasonable expenses in carrying out the Executive's duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the course and scope of the Executive's duties for the Company, duties, subject to the Company's expense reimbursement policies in effect from time to time. Executive will be required to provide substantiation of all of such expenses on Company approved expense report forms in accordance with Company policies. These payments may be made as direct payments of the Executive's invoices or bills or by reimbursement to the Executive of costs that are incurred. The Executive will be responsible for all income and any pre-approval employment taxes due on such payments; the Company will not provide a gross-up payment to cover such tax liabilities. 3.3 Paid Time Off. During the Period of Employment, the Executive shall be permitted time off in accordance with the Company's PTO policies in effect from time to time. The Executive agrees to promptly submit and document any reimbursable expenses in accordance with the Company's expense reimbursement policies to facilitate the timely reimbursement of such expenses. 3 4.3Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual shall be fifteen (15) days per year, with such vacation to accrue and be subject to the Company's vacation policies in effect from time to time, including any policy which may limit vacation accruals and/or limit the amount of accrued but unused vacation to carry over from year to year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company. View More
Benefits. 4.1Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company's employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time. 4.2Reimbursement of Business Expenses. The Executive is autho...rized to incur reasonable expenses in carrying out the Executive's duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive's duties for the Company, subject to the Company's expense reimbursement policies and any pre-approval policies in effect from time to time. The Executive agrees to promptly submit and document any reimbursable expenses in accordance with the Company's expense reimbursement policies to facilitate the timely reimbursement of such expenses. 3 4.3Vacation and Other Leave. 4.3Paid Time Off. During the Period of Employment, the Executive's annual rate of vacation accrual shall Executive will be fifteen (15) days per year, with such vacation to accrue and be subject to covered by the Company's vacation policies Executive Paid Time Off Policy as in effect from time to time, including any policy which may limit vacation accruals and/or limit the amount of accrued but unused vacation to carry over from year to year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company. time. View More
Benefits. 4.1Retirement, 4.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe and any other employee benefit plans and programs, made available by the Company to the Company's employees its executive officers generally, in accordance with the generally applicable eligibility and participation provisions of such plans at a level commensurate with his position, a...nd as such plans or programs may be in effect from time to time. 4.2Reimbursement 4.2 Reimbursement of Business Expenses. The Company shall reimburse the Executive is authorized to incur reasonable expenses in carrying out the Executive's duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive's duties for the Company, Company under this Agreement, subject to the Company's expense reimbursement policies and any pre-approval policies in effect from time to time. The In addition, the Company shall reimburse the Executive agrees for or pay the reasonable legal fees incurred by the Executive relating to promptly submit the negotiation and document preparation of this Agreement (and any reimbursable expenses in accordance with the Company's expense reimbursement policies to facilitate the timely reimbursement of such expenses. related plan or agreement). 3 4.3Vacation 4.3 Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual Executive shall be fifteen (15) days per year, with such vacation to accrue and be subject entitled to take paid vacation at a rate of four (4) weeks per year (or such greater vacation benefits as may be provided under the vacation policies applicable to the Company's vacation policies senior executives in effect from time to time, time), subject to the Company's policies regarding vacation accruals, including any policy which may limit vacation accruals and/or limit the amount of accrued but unused vacation to carry over from year to year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company. 4.4 Automobile Allowance. During the Period of Employment, the Company shall provide the Executive with an automobile allowance of Three Thousand Dollars ($3,000) ("Automobile Allowance") per month as full payment or reimbursement to Executive for automobile-related expenses, with such monthly amount to be paid to the Executive not later than three (3) business days prior to the beginning of the applicable month. View More
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the Executive shall be entitled to four weeks of Paid Time Off without loss of compensation or other benefits to which he is entitled under this Agreement, to be taken at such times as the Executive may select and the affairs of the Company may permit. Any unused days will be carried over to the next 12 month period. (b) Fringe Benefits and Perquisites. During the Term, the Executive shall be entitled to fringe benefits and perquisites... consistent with the practices of the Company, and to the extent the Company provides similar benefits or perquisites (or both to similarly situated executives of the Company). (c) Employee Benefits. During the Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans"), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law. Notwithstanding the foregoing sentence, during the Term, the Company shall provide the Executive with health insurance covering the Executive and family dependents.View More
Benefits. (a) Paid Time Off. For each 12-month six-month period during the Term, the Executive shall be entitled to four 2 weeks of Paid Time Off without loss of compensation or other benefits to which he is entitled under this Agreement, to be taken at such times as the Executive may select and the affairs of the Company may permit. Any unused days will be carried over to the next 12 month six-month period. (b) Fringe Benefits Benefit and Perquisites. During the Term, the Executive shall be entitled to f...ringe benefits and perquisites consistent with the practices of the Company, and to the extent the Company provides similar benefits or perquisites (or both to similarly situated executives of the Company). Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with health insurance covering the Executive and his spouse. (c) Employee Benefits. During the Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans"), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law. Notwithstanding the foregoing sentence, during the Term, the Company (d) Business Expenses. The Executive shall provide be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment, and travel expenses incurred by the Executive in connection with health insurance covering the Executive performance of the Executive's duties hereunder in accordance with the Company's expense reimbursement policies and family dependents. procedures. View More
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the Executive shall be entitled to four three weeks of Paid Time Off without loss of compensation or other benefits to which he she is entitled under this Agreement, to be taken at such times as the Executive may select and the affairs of the Company may permit. Any unused days will be carried over to the next 12 month period. (b) Fringe Benefits Benefit and Perquisites. During the Term, the Executive shall be entitled to fringe benefi...ts and perquisites consistent with the practices of the Company, and to the extent the Company provides similar benefits or perquisites (or both to similarly situated executives of the Company). (c) Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with health insurance covering the Executive and her spouse. Employee Benefits. During the Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans"), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law. Notwithstanding the foregoing sentence, during the Term, 3 In lieu of such benefits, the Company shall provide will pay the Executive with health insurance covering a monthly stipend of $1,000 which may, at the Executive's discretion, be used to purchase benefits. Upon the Company's adoption of certain benefit plans, the Company may elect to end payment of this monthly stipend. (c) Business Expenses. The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment, and travel expenses incurred by the Executive in connection with the performance of the Executive's duties hereunder in accordance with the Company's expense reimbursement policies and family dependents. procedures. ‘ (d) Options. The Executive shall be granted 100,000 options to purchase shares of the Company's common stock (the "Options") exercisable at the closing price of the Company's common stock on November 15, 2018, vesting quarterly in equal increments over the Term period subject to the Executive executing the Company's standard stock option agreement and continuing to service as an officer of the Company on each applicable vesting date. View More
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the Executive shall be entitled to four weeks of Paid Time Off without loss of compensation or other benefits to which he is entitled under this Agreement, to be taken at such times as the Executive may select and the affairs of the Company may permit. Any unused days will be carried over to the next 12 month period. (b) Fringe Benefits Benefit and Perquisites. During the Term, the Executive shall be entitled to fringe benefits and per...quisites consistent with the practices of the Company, and to the extent the Company provides similar benefits or perquisites (or both to similarly situated executives of the Company). (c) Employee Benefits. During the Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans"), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law. Notwithstanding the foregoing sentence, foregoing, during the Term, the Company shall provide the Executive with health insurance covering the Executive and family dependents. (d) Housing Allowance. The Company shall pay the Executive $5,000 per month as an Arizona housing allowance throughout the Term, until such time as the Executive permanently relocates to the Phoenix metro area. View More
Benefits. In addition, you will be eligible to participate in regular health insurance, bonus and other employee benefit plans established by the Company for its employees from time to time. The Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment.
Benefits. In addition, you will be eligible to participate in regular health insurance, bonus and other employee benefit plans established by the Company for its employees from time to time. A summary of the benefits currently offered is attached to this letter as Appendix A. The Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment.
Benefits. In addition, you will be eligible to participate in regular health health, dental and vision insurance, bonus and other employee benefit plans plans; established by the Company Company, for its employees employees, from time to time. The Company reserves the right to change or otherwise modify, in its sole discretion, the preceding and following terms of employment.
Benefits. In addition, as a regular full-time employee, you will be eligible to participate in regular health insurance, bonus insurance and other employee benefit plans established by the Company Bill.com for its employees from time to time. The Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment. employment and benefits.
Benefits. Executive shall be entitled to receive such benefits and to participate in such employee group benefit plans, including life, health and disability insurance policies, and financial planning services, and other perquisites and plans as are generally provided by the Company to its other senior executives in accordance with the plans, practices and programs of the Company, as amended and in effect from time to time. In addition, Executive shall have the right during the Term to use the Company's j...et aircraft for personal purposes for up to thirty (30) flight hours per calendar year (without carryover), provided in each case that such aircraft has not already been scheduled for use for Company business. The Company will report taxable income to Executive in respect of personal use of such aircraft as required by law.View More
Benefits. While serving as Chief Executive Officer of the Company during the Term, Executive shall be entitled to receive such benefits and to participate in such employee group benefit plans, including life, health and disability insurance policies, and financial planning services, and other perquisites and plans as are generally provided by the Company to its other senior executives in accordance with the plans, practices and programs of the Company, as amended and in effect from time to time. In additi...on, while serving as Chief Executive Officer of the Company during the Term, Executive shall have the right during the Term to use the Company's jet -9- aircraft for personal commuting purposes and for up to thirty (30) flight one hundred twenty-five (125) hours of discretionary personal use per calendar year (without carryover), provided in each case that such aircraft has not already been scheduled for use for Company business. The Company will report taxable income to Executive in respect of personal use of such aircraft as required by law. View More
Benefits. (a) Benefit Plan — Health Insurance, Retirement and Stock Option Plan. The Company will provide you with the opportunity to participate in the standard benefits plans currently available to other similarly situated employees. The Company reserves the right to cancel and/or change the benefits plans it offers to its employees at any time, subject to applicable law. (b) Vacation; Sick Leave. You will be entitled to 20 days paid vacation per year, pro-rated for the remainder of this calendar year a...nd pro-rated by the number of hours worked. Vacation may not be taken before it is accrued. You will be entitled to 5 days paid sick leave per year pro-rated. (c) Other Benefits. The Company will provide you with standard business reimbursements (including mileage, supplies, long distance calls), subject to Company policies and procedures and with appropriate receipts. In addition, you will receive any other statutory benefits required by law. (d) Reimbursement of Expenses. You shall be reimbursed for all normal items of travel and entertainment and miscellaneous expenses reasonably incurred by you on behalf of the Company provided such expenses are documented and submitted in accordance with the reimbursement policies in effect from time to time.View More
Benefits. (a) Benefit Plan — – Health Insurance, Retirement and Stock Option Plan. The Company will provide you with the opportunity to participate in the standard benefits plans currently available to other similarly situated employees. The Company reserves the right to cancel and/or change the benefits plans it offers to its employees at any time, subject to applicable law. You have the option to continue your current family health insurance plan as in individual subscriber with BlueCross/Blue Shield of... Massachusetts, and the Company will cover your monthly health insurance expenses, at the Company rate of 90%, for the duration of your employment. (b) Vacation; Sick Leave. You will be entitled to 20 days paid vacation per year, pro-rated for the remainder of this calendar year and pro-rated by the number of hours worked. Vacation may not be taken before it is accrued. You will be entitled to 5 days paid sick leave per year pro-rated. (c) Other Benefits. The Company will provide you with standard business reimbursements (including mileage, supplies, long distance calls), subject to Company policies and procedures and with appropriate receipts. In addition, you will receive any other statutory benefits required by law. (d) Reimbursement of Expenses. You shall be reimbursed for all normal items of travel and entertainment and miscellaneous expenses reasonably incurred by you on behalf of the Company provided such expenses are documented and submitted in accordance with the reimbursement policies in effect from time to time. View More
Benefits. (a) a. Benefit Plan — plan – Health Insurance, Retirement and Stock Option Plan. The Company will provide you with the opportunity to participate in the standard benefits plans currently available to other similarly situated employees. The Company reserves the right to cancel and/or change the benefits plans it offers to its employees at any time, subject to applicable law. (b) b. Vacation; Sick Leave. You will be entitled to 20 days paid vacation per year, pro-rated for the remainder of this ca...lendar year and pro-rated by the number of hours worked. year. Vacation may not be taken before it is accrued. You will be entitled to 5 days paid sick leave per year pro-rated. (c) c. Other Benefits. The Company will provide you with standard business reimbursements (including mileage, supplies, long distance calls), subject to Company policies and procedures and with appropriate receipts. In addition, you will receive any other statutory benefits required by law. (d) 2 d. Reimbursement of Expenses. You shall be reimbursed for all normal items of travel and entertainment and miscellaneous expenses reasonably incurred by you on behalf of the Company provided such expenses are documented and submitted in accordance with the reimbursement policies in effect from time to time. View More
Benefits. Employee's health insurance benefits ceased immediately at the end of the day on the Termination Date, subject to Employee's right to continue Employee's health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Termination Date. -3- 3.Payment of Salary and Receipt of All Benefits. Employee acknowledges and represents that, o...ther than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee.View More
Benefits. Employee's health insurance benefits ceased immediately at the end of the day shall cease on the Termination Date, October 31, 2020, subject to Employee's right to continue Employee's health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Termination Date. -3- 3.Payment Date.2 4. Payment of Salary and Receipt of All Benefi...ts. Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has and Parent have paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, shares, equity awards, vesting, and any and all other benefits and compensation due to Employee. View More
Benefits. Employee's health insurance benefits ceased immediately at shall cease on the end last day of the day on month in which the Termination Date, Separation Date occurs, subject to Employee's right to continue Employee's health health, dental and vision insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Termination Separation Dat...e. -3- 3.Payment 3 3. Payment of Salary and Receipt of All Benefits. Except for accrued but unpaid salary for the final pay period, accrued but unused vacation days as of the Separation Date, and outstanding expense reimbursement requests for reasonable Company-related business expenses, all of which shall be paid as soon as practicable after the Separation Date, Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has and its agents have paid or provided all salary, wages, bonuses, accrued vacation/paid time off, notice periods, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee. For avoidance of doubt, Employee shall retain his right to his vested 401(k) account balance. View More
Benefits. Employee's health insurance benefits ceased immediately at the end of the day shall cease on the Termination Date, last day of August 2018, subject to Employee's right to continue Employee's his/her health insurance under COBRA. Employee's participation in all benefits and incidents of employment, including, but not limited to, vesting in stock options, and the accrual of bonuses, vacation, and paid time off, ceased as of the Termination Date. -3- 3.Payment 1 4. Payment of Salary and Receipt of ...All Benefits. Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee. View More
Benefits. (a) General. During the Employment Term, Executive shall be entitled to participate in the Company's employee benefit, fringe and perquisite plans, practices, policies and arrangements as in effect from time to time (collectively, "Employee Benefits"), on generally the same terms and conditions as each of the Employee Benefits are made available to other senior executives of the Company (other than with respect to annual bonuses, incentive plans and severance plans (as well as any other terms an...d conditions specifically determined under this Agreement), the benefits for each which shall be determined instead in accordance with this Agreement); provided that Executive shall be entitled to no less than four (4) weeks' vacation per calendar year. (b) Reimbursement of Business Expenses. During the Employment Term, the Company shall reimburse Executive for reasonable and necessary business expenses incurred by Executive in the performance of Executive's duties hereunder in accordance with its then prevailing policy for senior executives (which shall include appropriate itemization and substantiation of expenses incurred).View More
Benefits. (a) General. During the Employment Term, Executive shall be entitled to participate in the Company's employee benefit, fringe and perquisite plans, practices, policies and arrangements as in effect from time to time (collectively, "Employee Benefits"), on generally the same terms and conditions as each of the Employee Benefits are made available to other senior executives of the Company (other than with respect to annual bonuses, incentive plans and severance plans (as well as any other terms an...d conditions specifically determined under this Agreement), the benefits for each which shall be determined instead in accordance with this Agreement); provided that Executive shall be entitled to no less than four (4) weeks' vacation per calendar year. year, with unused vacation accruing in accordance with the Company policy that applies to its senior executives. The Company shall provide Executive with perquisites no less favorable than provided to other senior executives of the Company and which under all circumstances shall include an automobile allowance in accordance with the Company's policies as in effect from time to time for its senior executives. (b) The Company shall permit Executive to establish a 10b5-1 trading plan and sell Company securities in accordance therewith and all applicable securities laws, subject to the Company's stock ownership guidelines and Executive's obligations thereunder. 5 (c) Reimbursement of Business Expenses. During the Employment Term, the Company shall reimburse Executive for reasonable and necessary business expenses incurred by Executive in the performance of Executive's duties hereunder in accordance with its then prevailing policy for senior executives (which shall include appropriate itemization and substantiation of expenses incurred). (d) Indemnification. Without limit on Section 9(a) of this Agreement, the Company agrees to the indemnification terms set forth on Exhibit I hereto (the "Indemnification Agreement"). View More
Benefits. (a) General. During the Employment Term, Executive shall be entitled to participate in the Company's employee benefit, fringe and perquisite plans, practices, policies and arrangements as in effect from time to time (collectively, "Employee Benefits"), on generally the same terms and conditions as each of the Employee Benefits are made available to other senior executives of the Company (other than with respect to annual bonuses, incentive plans and severance plans (as well as any other terms an...d conditions specifically determined under this Agreement), the benefits for each which shall be determined instead in accordance with this Agreement); provided that Executive shall be entitled to no less than four (4) weeks' vacation per calendar year. Agreement). (b) Reimbursement of Business Expenses. During the Employment Term, the Company shall reimburse Executive for reasonable and necessary business expenses incurred by Executive in the performance of Executive's duties hereunder in accordance with its then prevailing policy for senior executives (which shall include appropriate itemization and substantiation of expenses incurred). incurred).(c) Housing. Commencing as of the Effective Date and conditioned on Executive's continued employment with the Company, the Company shall reimburse Executive for up to six (6) months of housing expenses in New York City, not to exceed $7,500 per month. In addition, the Company shall reimburse Executive for all necessary and reasonable relocation expenses. View More
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are s...imilarly applicable to similarly situated Company employees generally.View More
Benefits. (a) During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes a...re similarly applicable to similarly situated Company employees generally. (b) During the Employment Period, Employee shall be eligible to take paid time off in accordance with the Company's paid time off policy as in effect from time to time. Unless otherwise provided for in any such paid time off policy, Employee shall forfeit (and shall not be entitled to any payment in respect of) any accrued but unused paid time off entitlement at the end of each calendar year or the end of the Employment Period. View More
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are s...imilarly applicable to similarly situated Company employees generally. policy. View More
Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly situated Company Bank employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company Bank shall not, however, by reason of this Section 6, 7, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such ...changes are similarly applicable to similarly situated Company Bank employees generally. View More
Benefits. (a) Vacation. During Employment Term, Executive shall also be eligible to receive paid time off ("PTO") as outlined in the Company's PTO program. (b) Other Benefits. During the Employment Term, Executive will be eligible to participate in the Company's benefit plans that are currently and hereafter maintained by the Company and for which he is eligible including, without limitation, group medical, 401k, life insurance and other benefit plans (the "Benefits"). The Company reserves the right to ca...ncel or change at any time the Benefits that it offers to its employees. (c) Expenses. During the Employment Term, Executive shall be reimbursed for reasonable (travel and other) expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. The Company will provide the Executive with a cell phone and a laptop computer (or reimburse Executive for the costs of a computer and/or a cell phone and a cellular calling and data plan) and reimburse Executive for a data and wifi plan. Executive agrees to provide detailed backup of any expenses and indicate on any submission for reimbursement those expenses that relate to meals and entertainment. (d) Relocation Reimbursement. In the event that Executive relocates, at the request of the Company's CEO, to the Minneapolis/St. Paul metropolitan area during the Employment Term, the Company shall pay (either by reimbursement of Executive or by direct payment to the moving company, as determined by the Company) up to $10,000 in moving expenses Executive incurs within, for only those relocation related expenses that: (A) Executive has incurred within eighteen (18) months of such relocation, so long as Executive is employed by the Company, and (B) are reasonably connected to Executive's relocation (the "Eligible Relocation Expenses"). Executive agrees to provide detailed backup of any Eligible Relocation Expenses. (e) Travel Points. Company specifically acknowledges and agrees that Executive shall be entitled to retain any travel points and/or frequent flyer miles awarded as a result of Executive's business travel on behalf of the Company.View More
Benefits. (a) Vacation. During Employment Term, Executive shall also be eligible to receive paid time off ("PTO") as outlined in the Company's PTO program. (b) Other Benefits. During the Employment Term, Executive will be eligible to participate in the Company's benefit plans that are currently and hereafter maintained by the Company and for which he is eligible including, without limitation, group medical, 401k, life insurance and other benefit plans (the "Benefits"). The Company reserves the right to ca...ncel or change at any time the Benefits that it offers to its employees. (c) The Executive shall not receive any vacation benefits but all accrued vacation owed to the Executive on the Effective Date shall be paid to the Executive upon the Company's execution of this Agreement. (b) Expenses. During the Employment Term, Executive shall be reimbursed for reasonable (travel and other) expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. The Company will provide the Executive with a cell phone and a laptop computer (or reimburse Executive for the costs of a computer and/or a cell phone and a cellular calling and data plan) and reimburse Executive for a data and wifi plan. Executive agrees to provide detailed backup of any expenses and indicate on any submission for reimbursement those expenses that relate to meals and entertainment. (d) Relocation Reimbursement. In the event that Executive relocates, at the request of the Company's CEO, to the Minneapolis/St. Paul metropolitan area during the Employment Term, the Company shall pay (either by reimbursement of Executive or by direct payment to the moving company, as determined by the Company) up to $10,000 in moving expenses Executive incurs within, for only those relocation related expenses that: (A) Executive has incurred within eighteen (18) months of such relocation, so long as Executive is employed by the Company, and (B) are reasonably connected to Executive's relocation (the "Eligible Relocation Expenses"). Executive agrees to provide detailed backup of any Eligible Relocation Expenses. (e) Travel Points. Company specifically acknowledges and agrees that Executive shall be entitled to retain any travel points and/or frequent flyer miles awarded as a result of Executive's business travel on behalf of the Company.View More
Benefits. (a) Vacation. During Employment Term, Executive shall also be eligible to receive paid time off ("PTO") as outlined in the Company's PTO program. (b) Other Benefits. During the Employment Term, Executive will be eligible to participate in the Company's benefit plans that are currently and hereafter maintained by the Company and for which he is eligible including, without limitation, group medical, 401k, life insurance and other benefit plans (the "Benefits"). The Company reserves the right to ca...ncel or change at any time the Benefits that it offers to its employees. (c) Expenses. During the Employment Term, Executive shall be reimbursed for reasonable (travel and other) expenses incurred by Executive in the furtherance of or in connection with the performance of Executive's duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. The Company will provide the Executive with a cell phone and a laptop computer (or reimburse Executive for the costs of a computer and/or a cell phone and a cellular calling and data plan) and provide Executive with an automobile or reimburse the Executive for a data and wifi plan. the cost to lease an automobile, such cost not to exceed $8,400 per year. Executive agrees to provide detailed backup of any expenses and indicate on any submission for reimbursement those expenses that relate to meals and entertainment. (d) Living Allowance. To (i) subsidize Executive's housing expenses prior to the Relocation the Company agrees to reimburse Executive for his temporary residence within commuting distance to the Company's headquarters in an amount up to $3,500 per month (the "Living Allowance") and (ii) reimburse Executive's reasonable travel expenses incurred in commuting to the Company's headquarters prior to his and his family's move from his current residence in Nashville, TN to permanent housing within commuting distance of the Company's headquarters (not to exceed twice a month) (the "Relocation Expenses"); provided that such Living Allowance and Relocation Expenses shall terminate upon the first to occur of: (x) the eighteen (18) month anniversary of the Effective Date, (y) the date of his Relocation, and (z) the date of Executive's termination as an employee of the Company for any reason. (e) Relocation Reimbursement. In the event that Executive relocates, at the request of the Company's CEO, to the Minneapolis/St. Paul metropolitan area during the Employment Term, addition, the Company shall pay (either by reimbursement of Executive or by direct payment to the moving company, as determined by the Company) up to $10,000 in moving expenses Executive incurs within, for Executive's Relocation, for only those relocation Relocation related expenses that: (A) Executive has incurred within eighteen (18) months of such relocation, after the Effective Date, so long as Executive is employed by the Company, and (B) are reasonably connected to Executive's relocation Relocation (the "Eligible Relocation Expenses"). Executive agrees to provide detailed backup of any Eligible Relocation Expenses. (e) Travel Points. Company specifically acknowledges and agrees that Executive shall be entitled to retain any travel points and/or frequent flyer miles awarded as a result of Executive's business travel on behalf of the Company.View More
