Benefits Clause Example with 13 Variations from Business Contracts
This page contains Benefits clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
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
Variations of a "Benefits" Clause from Business Contracts
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the The Executive shall will be entitled to four the number of weeks of Paid Time Off indicated on the Schedule without loss of compensation or other benefits to which he or 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 permit, with the understanding that vacation days will not be carried over to the next 12 month period. (b) Fringe Bene...fits specifically counted, and Perquisites. During the Term, the Executive no compensation, 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) granted for unused days. (b) 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, Company and consistent with the terms set forth on the Schedule, 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 period during the Term, the The Executive shall will be entitled to four the number of weeks of Paid Time Off indicated on the Schedule without loss of compensation or other benefits to which he or 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 permit, with the understanding that vacation days will not be carried over to the next 12 month period. (b) Fringe Bene...fits specifically counted, and Perquisites. During the Term, the Executive no compensation, 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) granted for unused days. 3 (b) 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 foregoing, so long as the Term, Executive declines health insurance coverage through the Company, the Company shall provide pay the Executive with health insurance covering the Executive a monthly payment of $1,200, less applicable withholdings and family dependents. deductions. View More
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the The Executive shall will be entitled to four the number of weeks of Paid Time Off indicated on the Schedule without loss of compensation or other benefits to which he or 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 permit, with the understanding that vacation days will not be carried over to the next 12 month period. (b) Fringe Bene...fits specifically counted, and Perquisites. During the Term, the Executive no compensation, 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) granted for unused days. 3 (b) 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 foregoing, so long as the Term, Executive declines health insurance coverage through the Company, the Company shall provide pay the Executive with health insurance covering the Executive a monthly payment of $1,000, less applicable withholdings and family dependents. deductions. View More
Benefits. (a) Paid Time Off. For each 12-month period during the Term, the The Executive shall will be entitled to four the number of weeks of Paid Time Off indicated on the Schedule without loss of compensation or other benefits to which he or 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 permit, with the understanding that vacation days will not be carried over to the next 12 month period. (b) Fringe Bene...fits specifically counted, and Perquisites. During the Term, the Executive no compensation, 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) granted for unused days. 3 (b) 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 period during the Term, the The Executive shall will be entitled to four the number of weeks of Paid Time Off indicated on the Schedule without loss of compensation or other benefits to which he or 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 permit, with the understanding that vacation days will not be carried over to the next 12 month period. (b) Fringe Bene...fits specifically counted, and Perquisites. During the Term, the Executive no compensation, 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) granted for unused days. (b) 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 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 twelve-month period during the Term, the Executive shall be entitled to four 4.0 weeks of Paid Time Off paid time off without loss of compensation or other benefits to which he the Executive 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 year of the Term and Perquisites. During upon the Term,... the Executive termination of this Agreement, any accrued and unused paid time-off shall be entitled paid 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) Executive. (b) Employee Benefits. During the Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company, Company or the Parent, 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 or the Parent 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 or the Parent shall provide the Executive with health insurance covering the Executive and family dependents. 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 not be carried over to the next 12 month period. Accrued but unused paid time off during the current calendar year with a separation event shall be paid at the Execu...tive's base rate of pay when used or upon termination of employment. (b) Fringe Benefits Benefit 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 both) to similarly situated executives of the Company). Company. 5 (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, and every automatically renewed successive one-year term, the Company shall provide the Executive with health insurance covering the Executive and family dependents. (d) Car Allowance. The Executive shall be issued a $1,500.00 per month car allowance inclusive of insurance, taxes, maintenance, and all other costs, to be used towards a vehicle in the Executive's name for both business and personal usage. Executive shall be responsible to insure it. 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 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). Notwithstanding the foregoing, during the Term, the Company shall provide the Executive with health insurance covering the Executive and his spouse. 3 (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
