Benefits Contract Clauses (2,077)

Benefits. (a) Vacation Time. The Executive shall be entitled to four (4) weeks paid vacation time and holidays per annum to be administered in accordance with the Company's policies governing the same; provided, however, that the Executive shall not be able to take vacation time at any time that would materially interfere with the business or operations of the Company. (b) Reimbursement for Expenses. The Company shall promptly reimburse the Executive for all reasonable and necessary business expenses incu...rred by the Executive in accordance with his duties and responsibilities hereunder, including, without limitation, telephone, facsimile, travel, lodging, entertainment and other customary charges incurred by the Executive on behalf of the Company in the performance of his duties hereunder, upon the presentation by the Executive of appropriate evidence and documentation of the incurrence thereof in accordance with the Company's policies from time to time in effect. (c) Other. In addition, the Executive shall receive such additional compensation or other benefits as are provided to Company employees generally and Company senior executives specifically, in each case as established by the Board in its discretion. 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. Notwithstanding anything contained herein, in no event shall the Executive be entitled to be paid cash for unused Paid T...ime Off, and any unused vacation days at the end of the Term or remaining as of the date of termination shall be forfeited. (b) Employee Benefit Programs. The Executive is entitled to participate in any pension, 401(k), insurance or other employee benefit plan that is maintained by the Company for its executives, including programs of health insurance, life insurance and reimbursement of membership fees in professional organizations. The Company shall also pay for, or reimburse the Executive, medical insurance premiums for the Executive, his spouse and dependent children. View More

Benefits. During your employment with the Company, you will be entitled to the following benefits:(a) You will be entitled to vacation consistent with Company policy and limitations. (b) You will be entitled to participate as an employee of the Company in all benefit plans, fringe benefits and perquisites generally provided to employees of the Company in accordance with Company policy as in effect from time to time. Company benefits currently include group health, life and dental insurance, 401(k) program... and equity incentive plans. The Company retains the right to change, add or cease any particular benefit for its employees. (c) The Company will reimburse you for all reasonable travel, business development, meals, entertainment and other expenses incurred by you in connection with the performance of your duties and obligations on behalf of the Company. You will comply with such limitations and reporting requirements with respect to expenses as may be established by the Company from time to time and will promptly provide all appropriate and requested documentation in connection with such expenses.5. Confidentiality. The Company considers the protection of its confidential information, proprietary materials and goodwill to be very important. You are, and will remain, subject to the terms of the Confidentiality, Non-Competition and Assignment of Inventions Agreement ("Confidentiality Agreement") that you signed previously in connection with your employment with the Company. View More

Benefits. 3.1. Benefit Programs. You will continue to be eligible to participate in the Company's benefit programs generally available to other senior executives of the Company. Our benefit programs include our 401(k) plan and health, disability and life insurance benefits. Employee contributions are required for our benefit programs. You will continue to receive a cell phone in order to perform your employment obligations. The Company shall pay the monthly charges for the cell phone, according to its pol...icy, as in effect from time to time. 3.2. ESPP. In addition, you will continue to be eligible to participate in the Company's Employee Stock Purchase Plan (the "ESPP"), through which you can purchase Company common shares at a discount through payroll deductions. 3.3. Vacation. You will be entitled to four (4) weeks' vacation per calendar year. You are encouraged to take vacation in the calendar year it is earned. All earned vacation must be taken by March 31st of the year following the year in which it is earned; otherwise it may be forfeited. If you should leave the Company, the value of any unearned vacation taken by you will be considered a debt to the Company. All vacation periods shall be subject to the oversight of the Board. 3.4. 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. 3.5. Relocation. You will be provided with a relocation allowance of US $250,000, which must be used for costs incurred during your relocation to the Tampa, Florida area and will -2- be paid conditioned upon, and within 30 days after, your closing on a new residence in the Tampa, Florida area. As a condition of continued employment with the Company, you will be expected to complete your relocation to the Tampa, Florida area within the 12-month period following the Employment Date. In view of the amounts being provided to you in accordance with this Section 3.5, you will be required to repay the Company in full if, prior to the one-year anniversary of the Employment Date, you are terminated for Cause (as defined in the Severance and Non-Competition Plan, as defined below) or voluntarily resign your position without Good Reason (as defined in the Severance and Non-Competition Plan), and you will be required to repay the Company one-half of any relocation allowance received by you if you are terminated for Cause or voluntarily resign without Good Reason between the first and second anniversary of the Employment Date. Repayment of any amounts due by you to the Company shall be made to the Company on or before the 90th day after the date of resignation or termination. 3.6. Allowances. You will receive an annual vehicle allowance in the amount of US $16,000 annually, which amount shall be prorated during any partial year of employment. 3.7. No Other Benefits. Other than benefits generally available to all full-time employees, 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. View More

Benefits. As a full-time employee, Executive shall be entitled to all of the benefits provided to ServiceSource employees, in accordance with any benefit plan or policy adopted by ServiceSource from time to time during the existence of this Agreement. Executive's rights and those of Executive's dependents under any such benefit plan or policy shall be governed solely by the terms of such plan or policy. ServiceSource reserves the right to cancel or change the benefit plans and policies it offers to its em...ployees at any time. ServiceSource reserves to itself or its designated administrators exclusive authority and discretion to determine all issues of eligibility, interpretation and administration of each such benefit plan or policy. View More

Benefits. Employee shall be entitled to participate, according to the eligibility provisions of each, in such welfare plans (including but not limited to medical, dental, life, accident and disability insurance programs), vacation, retirement plans and other fringe benefits as may be in effect from time to time and available to other employees of the Company during Employee's employment with the Company. Employee shall also be entitled to participate in such additional fringe benefits as may be authorized... from time to time by the Chief Executive Officer and/or the Board of Directors of the Company. View More

Benefits. a.Health and Welfare Benefits. Ms. Hand shall continue to be eligible to participate in TTEC health and wellness plans in a manner similar to others at her level of responsibility in the Company, including the participation for Ms. Hand and dependents in TTEC group medical, vision, and dental insurance and other welfare plans, as they continue or change from time to time. b. Executive Benefits. Ms. Hand will continue to be eligible for the special annual executive physical program and the Compan...y will continue to pay premiums on her $4M life insurance policy. c.Miscellaneous Benefits. Ms. Hand shall continue to be eligible for benefits generally applicable to other senior management employees of the Company, as they are in effect from time to time, including TTEC 401(k) Plan and its Deferred Compensation Plan. d.Paid Leave. Ms. Hand shall continue to be eligible for paid time off ("PTO") and sick leave benefit programs pursuant to the Company's current time off/leave policy (or any other vacation/sick policy then in effect). Ms. Hand will also be paid for time off for holidays in accordance with the TTEC holiday policy. e.Tenure. Notwithstanding the effective date of this Agreement, Ms. Hand's tenure for purposes of all benefits and otherwise shall date back to her original hire date in April 2007 – Start Date. View More

Benefits. In addition to the Base Salary and other compensation provided for in Section 4 above, Employee will be entitled to the following benefits during the Employment Period: (a)Employee will be entitled to participate in the Company's health and welfare benefit programs and vacation and other benefit programs for which other employees of the Company are generally eligible, subject to any eligibility requirements of such plans and programs. If the Company does not offer a health and welfare benefit pr...ogram, employee will be entitled to reimbursement of expenses paid by employee for a private health and benefit program up to $750 each calendar month. (b)The Company will reimburse Employee for all reasonable expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company's policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company's requirements with respect to reporting and documentation of such expenses. For purposes of Code Section 409A, any reimbursements otherwise payable to Employee under this Section 4(b) shall be paid no later than the end of the calendar month following the month in which related expense was incurred, the amount of expenses reimbursed in one month shall not effect the amount eligible for reimbursement in any subsequent month, and Employee's right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit. (c)The Company shall indemnify and hold harmless the Employee against all claims arising out of Employee's actions or omissions occurring during Employee's employment with the Company to the fullest extent provided (A) by the Company's Certificate of Incorporation and/or Bylaws, and (B) under the Nevada General Corporation Law, as each may be amended from time to time. The Company shall maintain a Directors & Officers liability insurance policy ("D&O Coverage") covering Employee to the same extent as the Company provides such coverage for its other executive officers and directors. The Company agrees to make such policy available to Employee within 30 days of the commencement of his employment. The aforesaid indemnification and hold harmless obligations shall include any costs or expenses (including attorneys' fees), judgments, fines, losses, claims, damages or liabilities incurred in connection with any claim, action, suit, proceeding or investigation, whether civil, criminal, administrative or investigative, by reason of the fact that the Employee is or was a director, officer, employee or agent of the Company or any Subsidiary, whether asserted or claimed prior to, at or after the date of the Employee's termination of employment, to the fullest extent permitted under applicable law and on a basis no less favorable than in existence under the Company's Bylaws and Certificate of Incorporation in effect as of the Effective Date of this Agreement. This provision shall survive the Employee's employment and require the Company to maintain a Directors & Officers liability insurance policy ("D&O Coverage") on behalf of the Employee, for a period of two (2) years. View More

Benefits. This Purchase Agreement shall be binding upon and inure to the benefit of the parties hereto and their legal representatives, successors and assigns. Nothing in this Purchase Agreement, express or implied, is intended to confer on any person other than the Parties or their respective heirs, successors and assigns any rights, remedies, obligations, or other liabilities under or by reason of this Purchase Agreement. 5 11. Notices and Addresses. All notices, offers, acceptance and any other acts un...der this Purchase Agreement shall be in writing, and shall be sufficiently given if delivered to the addressees in person, by FedEx or similar overnight next business day delivery, or by email followed by overnight next business day delivery, as follows: If to the Company: VerifyMe, Inc. 837 Lindy Lane Bala Cynwyd, PA 19004 Telephone: (610) 688-1952 Attention: Chief Executive Officer Email: ngardner@verifyme.com With a copy (for informational purposes only) to: Nason Yeager Gerson White & Lioce, P.A., 3001 PGA Boulevard, Suite 305 Palm Beach Gardens, FL 33410 Telephone: (561) 471-3507 Attention: Michael D. Harris, Esq. E-Mail: mharris@nasonyeager.com If to the Purchaser: The address set forth on the signature page attached hereto. or to such other address as any of them, by notice to the other may designate from time to time. View More

Benefits. You will continue to participate in any and all benefit programs that the Company establishes and makes available to its employees from time to time, provided that you are eligible under (and subject to all provisions of) the plan documents governing those programs. Such benefits may include: participation in group medical and dental insurance programs, term life insurance, long-term disability insurance and participation in the Company's 401(k) plan. The benefits made available by the Company, ...and the rules, terms, and conditions for participation in such benefit programs, may be changed by the Company at any time and from time to time without advance notice (other than as required by such programs or under law). With respect to vacation time, you will begin to accrue vacation at 1.67 days/month or the equivalent of a maximum of 4 weeks per calendar year. Vacation may be taken at such times as may be approved by the Company. Your accrual and use of vacation time will also be subject to any and all vacation policies and procedures that the Company establishes from time to time. View More