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. 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
Variations of a "Benefits" Clause from Business Contracts
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, 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 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 4.2 Reimbursement of Busines...s Expenses. 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, 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 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 entitled to take vacation to accrue and be at his discretion, 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 performance of accrued but unused vacation to carry over from year to year. his responsibilities as Chief Executive Officer. The Executive shall also be entitled to all other holiday and leave pay time generally available to other executives of the Company. 3 4.4 Reimbursement of Legal Fees. The Company will reimburse the Executive for the legal fees incurred by the Executive in connection with the negotiation and execution of this Agreement, provided that the Company's maximum reimbursement obligations under this Section 4.4 for Executive shall not exceed Ten Thousand Dollars ($10,000). 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. 4.5 Reimbursement for Rent. As of the Effective Date, the Company's principal executive office shall be at the location in which Executive holds an office lease for purposes of providing the services under this Agreement (the "Property"). Executive is authorized to utilize the Property for the provision of services under this Agreement and enter into a landlord/tenant relationship between Executive and the Company for the monthly rental of the Property. The Company shall pay the Executive One Thousand Five Hundred Dollars ($1,500) per month in rent for use of the office space for so long as the Company maintains its principal executive office at the Property. The Company and the Executive agree that such payment shall be characterized as a reasonable and necessary business expense for the Company, rental income to Executive, and is not compensation for Executive's services. 4.6 D&O Insurance. During the Period of Employment and for a period of six (6) years thereafter, the Company or any successor to the Company shall purchase and maintain, at the Company's own expense, a standard directors' and officers' liability insurance policy providing coverage to the Executive (including his heirs, executors and administrators), to the fullest extent permitted under applicable law, against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit, or proceeding in which he may be involved by reason of his having been an officer, director, or employee of the Company or any of its subsidiaries or in any other capacity, including any fiduciary capacity, in which the Executive serves at the request of the Company. View More
Benefits. 4.1Retirement, 4.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate participate, on a basis generally consistent with other similarly situated executives, in all employee pension and welfare benefit plans and programs, and all fringe benefit plans and programs, programs and all other benefit plans and programs (including those providing for perquisites or similar benefits) that are made available by the Company to the Compan...y's employees other similarly situated executives 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 The Executive's participation in the foregoing plans and programs is subject to the eligibility and participation provisions of such plans, and the Company's right to amend or terminate such plans from time to time in accordance with their terms. 4.2 Medical Executive Reimbursement Plan. During the Period of Employment, the Company will provide the Executive, and the Executive's spouse and dependent children, with a Medical Executive Reimbursement Plan (the "MERP"), subject to the terms and conditions of such plan. 4.3 Company Travel. During the Period of Employment, Executive's travel expenses will be reimbursed in accordance with the Employer's travel policy in effect at the time of travel. Executive shall be permitted to travel via first class service on regularly scheduled commercial aircraft for travel to California one time per month. 4.4 Reimbursement of Business Expenses. 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, 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 4.5 Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual shall be fifteen (15) days five (5) weeks per year, with year; provided that such vacation to shall accrue on a bi-weekly basis in accordance with the Company's regular payroll cycle 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. time. The Executive shall also be entitled to all other holiday and leave pay generally available to other similarly situated executives of the Company. View More
Benefits. 4.1Retirement, 4.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate participate, on a basis generally consistent with other similarly situated executives, in all employee pension and welfare benefit plans and programs, and all fringe benefit plans and programs, programs and all other benefit plans and programs (including those providing for perquisites or similar benefits) that are made available by the Company to the Compan...y's employees other similarly situated executives 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 The Executive's participation in the foregoing plans and programs is subject to the eligibility and participation provisions of such plans, and the Company's right to amend or terminate such plans from time to time in accordance with their terms. 4.2 Medical Executive Reimbursement Plan. During the Period of Employment, the Company will provide the Executive, and the Executive's spouse and dependent children, with a Medical Executive Reimbursement Plan (the "MERP"), subject to the terms and conditions of such plan. 4.3 Company Automobile. During the Period of Employment, the Company shall provide the Executive with a monthly cash car allowance of up to One thousand Two hundred dollars ($1,200.00) per month, in accordance with the Company's policy as in effect from time to time. 4.4 Reimbursement of Business Expenses. 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, 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 4.5 Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual shall be fifteen (15) days four (4) weeks per year, with year; provided that such vacation to shall accrue on a bi-weekly basis in accordance with the Company's regular payroll cycle 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. time. The Executive shall also be entitled to all other holiday and leave pay generally available to other similarly situated executives of the Company. 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 One Thousand Five Hundred Dollars ($1,500) ("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. 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. 4.1Retirement, 4.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate participate, on a basis generally consistent with other similarly situated executives, in all employee pension and welfare benefit plans and programs, and all fringe benefit plans and programs, programs and all other benefit plans and programs (including those providing for perquisites or similar benefits) that are made available by the Company to the Compan...y's employees other similarly situated executives 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 The Executive's participation in the foregoing plans and programs is subject to the eligibility and participation provisions of such plans, and the Company's right to amend or terminate such plans from time to time in accordance with their terms. 4.2 Medical Executive Reimbursement Plan. During the Period of Employment, the Company will provide the Executive, and the Executive's spouse and dependent children, with a Medical Executive Reimbursement Plan (the "MERP"), subject to the terms and conditions of such plan. 4.3 Company Automobile. During the Period of Employment, the Company shall provide the Executive with a monthly cash car allowance of up to One Thousand Five Hundred dollars ($1,500.00) per month, in accordance with the Company's policy as in effect from time to time. 4.4 Reimbursement of Business Expenses. 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, 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 4.5 Vacation and Other Leave. During the Period of Employment, the Executive's annual rate of vacation accrual shall be fifteen (15) days five (5) weeks per year, with year; provided that such vacation to shall accrue on a bi-weekly basis in accordance with the Company's regular payroll cycle 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. time. The Executive shall also be entitled to all other holiday and leave pay generally available to other similarly situated executives of the Company. 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 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 4.2 Reimbursement of Busines...s Expenses. 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, 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 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 entitled to take vacation to accrue and be at his discretion, subject to performance of his responsibilities to the Company's vacation policies in effect from time to time, including any policy which may limit vacation accruals and/or limit Company and approval of the amount of accrued but unused vacation to carry over from year to year. Chief Executive Officer. The Executive shall also be entitled to all other holiday and leave pay time generally available to other executives of the Company. 3 4.4 Reimbursement of Legal Fees. The Company will reimburse the Executive for the legal fees incurred by the Executive in connection with the negotiation and execution of this Agreement, provided that the Company's maximum reimbursement obligations under this Section 4.4 for Executive shall not exceed Ten Thousand Dollars ($10,000). 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. 4.5 D&O Insurance. During the Period of Employment and for a period of six (6) years thereafter, the Company or any successor to the Company shall purchase and maintain, at the Company's own expense, a standard directors' and officers' liability insurance policy providing coverage to the Executive (including his heirs, executors and administrators), to the fullest extent permitted under applicable law, against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit, or proceeding in which he may be involved by reason of his having been an officer, director, or employee of the Company or any of its subsidiaries or in any other capacity, including any fiduciary capacity, in which the Executive serves at the request of the Company. 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 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 4.2 Reimbursement of Busines...s Expenses. 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, 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 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 entitled to take vacation to accrue and be at his or her discretion subject to performance of his or her responsibilities to the Company's vacation policies in effect from time to time, including any policy which may limit vacation accruals and/or limit Company and approval of the amount of accrued but unused vacation to carry over from year to year. Chief Executive Officer. The Executive shall also be entitled to all other holiday and leave pay time generally available to other executives of the Company. 4.4 Reimbursement of Legal Fees. The Company will reimburse the Executive for the legal fees incurred by the Executive in connection with the negotiation and execution of this Agreement, provided that the Company's maximum reimbursement obligations under this Section 4.4 for Executive shall not exceed Ten Thousand Dollars ($10,000). 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 4.5 D&O Insurance. During the Period of Employment and for a period of six (6) years thereafter, the Company or any successor to the Company shall purchase and maintain, at the Company's own expense, a standard directors' and officers' liability insurance policy providing coverage to the Executive (including his heirs, executors and administrators), to the fullest extent permitted under applicable law, against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit, or proceeding in which he may be involved by reason of his having been an officer, director, or employee of the Company or any of its subsidiaries or in any other capacity, including any fiduciary capacity, in which the Executive serves at the request of the Company. 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 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 4.2 Reimbursement of Busines...s Expenses. 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, 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 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 entitled to take vacation to accrue and be at his discretion, subject to the Company's vacation policies in effect from time performance of his responsibilities to time, including any policy which may limit vacation accruals and/or limit the amount Company and the approval of accrued but unused vacation to carry over from year to year. the Chief Executive Officer. The Executive shall also be entitled to all other holiday and leave pay time generally available to other executives of the Company. 3 4.4 Reimbursement of Legal Fees. The Company will reimburse the Executive for the legal fees incurred by the Executive in connection with the negotiation and execution of this Agreement, provided that the Company's maximum reimbursement obligations under this Section 4.4 for Executive shall not exceed Ten Thousand Dollars ($10,000). 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. 4.5 D&O Insurance. During the Period of Employment and for a period of six (6) years thereafter, the Company or any successor to the Company shall purchase and maintain, at the Company's own expense, a standard directors' and officers' liability insurance policy providing coverage to the Executive (including his heirs, executors and administrators), to the fullest extent permitted under applicable law, against all expenses and liabilities reasonably incurred by Executive in connection with or arising out of any action, suit, or proceeding in which he may be involved by reason of his having been an officer, director, or employee of the Company or any of its subsidiaries or in any other capacity, including any fiduciary capacity, in which the Executive serves at the request of the Company. View More
