Benefits Contract Clauses (2,077)

Benefits. 3.1. Benefit Program. Effective as of the Employment Date, you will be eligible to participate in the Company's benefit programs generally available to other employees of the Company at your level, to the extent the Company obtains such a plan. Prior to the Company obtaining such a plan, the Company will reimburse you for the expenses set forth on Schedule A. 3.2. Unlimited Time off Policy. The system is known as "unlimited time off policy" or "unlimited paid time off". It is a vacation policy t...hat allows employees to take as much free time as they feel they need as long as it doesn't interfere with their work responsibilities, work completion, and quality of their work. Unlimited paid time off is a structure in which employees are allowed the freedom of taking time off as needed as long as their time off is not disruptive to the Company. The system is designed to provide the employee flexibility as a reward for quality work making productive use of work hours. The employee is paid for the time they take off from their job. Limitations are: time off must be approved by the employee's immediate supervisor and that approval must be in writing. The employee cannot take off more than 14 consecutive calendar days. Paid time off or PTO is not counted, allocated and is not accrued, the employee takes off as much time as needed for vacation, family issues, sick days, etc. Should the employee take off time that impacts their productivity and quality of results then the employee's time off will be more closely monitored and compared to the job responsibilities of that employee, unlimited paid time off is a reward for job excellence, not an entitlement. 3.3. Reimbursement. You will be reimbursed for expenses reasonably incurred in connection with the performance of your duties in accordance with the Company's policies as established from time to time. This includes Monthly Reimbursement for your Medicare Premium direct cost up to an amount that would not exceed what the company would be paying for your Medical Plan if you were not on Medicare. In addition, the Company shall provide a $1,000 per month Car allowance or the Company will provide a car for business use. 3.4. No Other Benefits. You will not be entitled to any benefit or perquisite other than as specifically set out in this Offer Letter or separately agreed to in writing by the Company. 3.5. Relocation. DOES NOT APPLY 4. Repayment. In the event of termination of employment for Cause (as defined in Exhibit A), or voluntary resignation, you will be required to reimburse the Company in full, for the amounts provided to you under Section 3.5 above if such termination or resignation occurs prior to the one-year anniversary of the Employment Date. 2 Repayment of any amounts due pursuant to this Section 4 shall be made to the Company on or before the 90th day after the date of resignation or termination of employment. View More

Benefits. You may participate in the benefit programs offered by the Company to its employees from time to time, provided that you are eligible under (and subject to all provisions of) the plan documents that govern those programs. Benefits are subject to change at any time in the Company's sole discretion. You will also be entitled to paid vacation each year in accordance with the terms and conditions set forth in the Company's vacation policy as in effect from time to time, but for avoidance of doubt, y...ou will accrue no less than three weeks paid vacation per year. You shall also be entitled to receive reimbursement for all 2 reasonable business expenses incurred by you in performing your services to the Company (which shall include reasonable lodging costs and business-class airfare costs you incur as a result of you providing services to the Company in its Cambridge, Massachusetts office location) in accordance with the policies and procedures then in effect and established by 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 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. This Agreement shall inure to the benefit of, and shall be binding upon, and shall be enforceable by and against the Company, its successors and assigns, and the Employee, his heirs, beneficiaries and legal representatives.

Benefits. (a) During the Employment Term, the Employee shall be: (i) eligible to participate in all employee fringe benefits and any pension and/or profit sharing plans that may be provided by the Company for its key executive employees in accordance with the provisions of any such plans, as the same may be in effect on and after the date hereof; (ii) eligible to participate in any medical and health plans or other employee welfare benefit plans that may be provided by the Company for its key executive em...ployees in accordance with the provisions of any such plans, as the same may be in effect on and after the date hereof; (iii) entitled to sick leave, sick pay and disability benefits in accordance with any Company policy that may be applicable on and after the date hereof to key executive employees; and (iv) entitled to reimbursement for all reasonable and necessary out-of-pocket business expenses incurred by the Employee in the performance of the Employee's duties hereunder in accordance with the Company's policies applicable (on and after the date hereof) thereto. (b) Employee shall cooperate with the Company in the event the Company wishes to obtain key-woman insurance on the Employee. Such cooperation shall include, but not be limited to taking any physical examinations that may be requested by the insurance company. View More

Benefits. (a) While employed by the Company, Executive shall be entitled to participate in the benefit plans and programs (including without limitation such medical, dental, vision, life, disability, retirement and other health and welfare plans), as the Company may have or establish from time to time for its employees in which Executive would be entitled to participate pursuant to their then-existing terms, in accordance with the terms and requirements of such plans. The foregoing, however, is not intend...ed and shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established, and no such action or failure thereof shall affect this Agreement. It is further understood and agreed that all benefits Executive may be entitled to while employed by the Company shall be based upon Executive's Base Salary and not upon any bonus, incentive or equity compensation due, payable, or paid to Executive, except where, if at all, the benefit plan provides otherwise. (b) Executive will be eligible to receive time off to be scheduled and approved in advance and taken in accordance with the Company's policies and practices.6. BUSINESS EXPENSES. During the Employment Term, the Company shall reimburse Executive for reasonable travel and other expenses incurred in the performance of Executive's duties hereunder as are customarily reimbursed to employees in accordance with the then-applicable expense reimbursement policies of the Company. View More

Benefits. During the term of your employment, you will be entitled to the Company's standard vacation and benefits covering employees, as may be in effect from time to time. Benefit coverage begins the first day of the month following employment.

Benefits. (a) General. During the Employment Term, Executive shall be entitled to participate in the retirement, health and welfare benefit plans, practices, policies and arrangements of the Company Group as in effect from time to time (collectively, "Employee Benefits"), on terms and conditions no less favorable than each of the Employee Benefits are made available to any other senior executive of the Company Group (other than with respect to any terms and conditions specifically determined under this Ag...reement, the benefits for which shall be determined instead in accordance with this Agreement). For the avoidance of doubt, no new benefit plans shall be required to be adopted. Executive shall be entitled to the perquisites set forth on Exhibit I. (b) Vacation. Executive shall be entitled to six weeks paid vacation pursuant to the applicable Company vacation policy, plan or regular practice, as may be modified from time to time. (c) Reimbursement of Business Expenses. During the Employment Term, the Company shall reimburse Executive for reasonable business expenses incurred by Executive in the performance of Executive's duties hereunder in accordance with its then-prevailing business expense policy (which shall include appropriate itemization and substantiation of expenses incurred); provided, that reimbursement for travel expenses incurred by Executive in the performance of Executive's duties hereunder shall be made in accordance with the travel policy of the Company, which, with respect to Executive, shall be consistent with the travel policy in effect for Executive as of immediately prior to the Effective Date. View More

Benefits. (a) Executive shall be entitled to participate in any and all pension benefit, welfare benefit (including, without limitation, medical, dental, disability and group life insurance coverages) and fringe benefit plans from time to time in effect for officers of the Company and its affiliates. (b) Executive shall be entitled to participate in such bonus, stock option, or other incentive compensation plans of the Company and its affiliates in effect from time to time for officers of the Company. On ...the first business day following the Effective Date, the Executive will be granted 20,000 shares of restricted stock that will vest in equal installments over three years and will be subject to the terms and conditions of the Kindred Healthcare, Inc. 2011 Stock Incentive Plan and the applicable award agreement related thereto. (c) Executive shall be entitled to paid time off each year, subject to the Company's policies, as in effect from time to time for the Company's executive officers. The Executive shall schedule the timing of such paid time off in a reasonable manner. The Executive may also be entitled to such other leave, with or without compensation, as shall be mutually agreed by the Company and Executive. (d) Executive may incur reasonable expenses for promoting the Company's business, including expenses for entertainment, travel and similar items. The Company shall reimburse Executive for all such reasonable expenses in accordance with the Company's reimbursement policies and procedures, as may be in effect from time to time. View More

Benefits. The Company agrees to provide the Executive with the following benefits: (a) Vacation. The Executive shall be entitled each calendar year to a vacation, during which time the Executive' compensation shall be paid in full. The time allotted for such vacation shall be an aggregate of four (4) weeks. Subject to the minimum requirements of applicable employment standards laws, vacation time that is not used on or before December 31 each calendar year will be forfeited. In the year the Executive term...inates employment, the Executive shall be entitled to receive a prorated paid vacation based upon the amount of time that the Executive has worked during the year of termination. In the event that in the year of termination the Executive has not taken all of the vacation time computed on a prorated basis, the Executive shall be paid, at the Executive's regular rate of Base Salary, for unused vacation. (b) Employee Benefits. Until the termination of the Executive's employment as provided herein, the Executive (and the Executive's spouse and dependents who satisfy the eligibility requirements) shall be eligible to participate in all Company employee benefit plans in which other executive level employees of the Company and/or the members of their families, as the case may be, are eligible to participate including, but not limited to, any health care, retirement, pension, profit-sharing, insurance, or other plans which may now be in effect or which may hereafter be adopted by the Company. The Company will adopt a long term disability benefit plan or obtain a long term disability insurance policy for the benefit of the Executive and the cost or premium of such plan or policy shall be paid by the Company. The Executive's participation in and entitlement to any benefits under the plans referenced in this Agreement are subject to the terms of the formal plan documents which may be amended from time to time at the Company's sole discretion; provided, however, that no plan amendment that adversely affects the Executive's benefits, entitlements or rights under such plan and that does not apply to all executive level employees who participate in such plan shall be effective as to the Executive without his prior approval. 2 (c) Equity Plan Participation. The Executive shall be eligible to participate in any Company equity incentive plan providing for the grant of restricted stock units, options or other equity awards (the "Plan") in effect while the Executive is employed by the Company and shall receive awards, in such amounts and subject to such terms, as determined by the Committee. The Company may amend the Plan from time to time at its sole discretion; provided, however, that without the Executive's consent no Plan amendment shall adversely affect the Executive's rights under any Plan award granted prior to the adoption of the Plan amendment. (d) Professional Expenses. Until the Executive's employment is terminated as provided herein, the Company agrees to reimburse the Executive for up to Seven Thousand Five Hundred Dollars ($7,500) each calendar year for reasonable professional expenses including professional designation annual dues, professional development course, etc. incurred by the Executive during such calendar year. View More