Benefits Contract Clauses (2,077)

Benefits. Vacation Time. During your employment with the Company, you will be eligible to participate in the benefits plans made generally available by the Company to its senior executives, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Company's sole discretion. You will be eligible for 3 weeks' paid vacation in the first year, which is in addition to the paid holidays generally observed by the Company in the United States in accordance wit...h the holiday policy of the Company in effect from time to time. Paid time off will be evaluated yearly by the Company's compensation committee. View More

Benefits. Vacation. You will be eligible to participate in regular health insurance and other employee benefit plans established by the Company for its employees from time to time, subject to the terms and conditions of such plans. The Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment. You will be eligible for 21 days of paid time off each year. The Company currently has 9 paid holidays each year. Paid time-off may be taken in accordance wi...th applicable Company policies. Relocation. You will be provided with a one-time payment of $45,000 to be used to facilitate your move to Pittsburgh (the "Relocation Bonus"). In the event of the termination of your employment due to your resignation without Good Reason (as defined below) during the 6-month period immediately following the commencement of your employment, you agree to repay the Relocation Bonus to the Company in full within 15 days of your resignation. 1 3. Equity. Subject to the approval of Company's Board of Directors, the Company will issue you a stock option (the "Option") to purchase shares of Common Stock of Company. The Option will be exercisable for 175,000 shares of Common Stock of Company and shall vest in accordance with the following: 1/4th of the total shares shall vest on the first anniversary of the effective date of your employment, and 1/36th of the remaining shares shall vest on a monthly basis starting on the first anniversary of the effective date of your employment; provided that vesting shall only occur on a scheduled vesting date if your employment has not terminated prior to such vesting date, inclusive. The Option shall be issued pursuant to Company's 2019 Stock Incentive Plan (as amended, the "Plan") and form of award agreement adopted by Company's Board of Directors for use thereunder (collectively, the "Grant Documents"). In the event of the termination of your employment by the Company (or its successor) without Cause or by you due to resignation for Good Reason, in either case within six (6) months following a Change in Control (as defined in the Plan), then, subject to your execution and delivery of a general release of all claims, which shall include a non-disparagement provision, in a form to be provided by the Company ("Separation Agreement"), and such Separation Agreement becoming irrevocably effective within 60 days of the termination of your employment, your then outstanding, unvested options, if any, will vest and be exercisable as to all of the covered shares. You should consult with your own tax advisor concerning the tax risks associated with accepting the Option. View More

Benefits. The Employee, together with the Employee's spouse and dependent children, if any, shall be permitted, to the extent eligible, to participate at the Company's expense in any group medical, dental, life insurance and disability insurance plans, or similar benefit plans of the Company that are available to other executive officers in each case pursuant to the terms and conditions of each such plan or program to the extent that the Company determines that participation on such terms and conditions w...ould not result in unintended tax consequences. The Employee shall also be entitled to paid time off (PTO) annually in accordance with the Company's policies or as otherwise agreed. View More

Benefits. During the Period of Employment, Executive shall be entitled to participate in all health and welfare benefit plans and programs and all retirement, deferred compensation and similar plans and programs generally made available by the Company to all other executive officers of the Company as in effect from time to time, subject to any restrictions specified in such plans and programs. (b) FRINGE BENEFITS. During the Period of Employment, Executive shall be entitled to participate in all fringe be...nefit plans and programs generally made available by the Company to all other executive officers of the Company as in effect from time to time, subject to any restrictions specified in such plans and programs. (c) PERSONAL TIME OFF AND OTHER LEAVE. Executive shall be entitled to such amounts of paid personal time off and other leave, as from time to time may be allowed by the Company to the Company's executive officers generally or as approved by the Board specifically, or as required by law. Any personal time off is to be scheduled and taken in accordance with the Company's standard policies applicable to such personnel. (d) BUSINESS EXPENSES. During the Period of Employment, reasonable business expenses incurred by Executive in the performance of Executive's duties hereunder shall be reimbursed by the Company in accordance with the Company's business expense reimbursement policies as in effect from time to time. At the latest, reimbursement shall be made on or before the last day of Executive's taxable year following the taxable year in which the expense was incurred. Executive agrees to provide prompt documentation of such expenses in order to facilitate the timely reimbursement of same. The amount of expenses eligible for reimbursement during any taxable year of Executive shall not affect the expenses eligible for reimbursement in any other taxable year of Executive. (e) AUTOMOBILE. To the extent provided to other executive officers of the Company, during the Period of Employment, Executive shall be entitled to receive an automobile allowance of $15,000 annually for expenses associated with the operation and maintenance of such automobile. View More

Benefits. (a) Benefits in General. During your employment under this Agreement, you shall be eligible to participate in any vacation programs, medical and dental plans and life insurance plans, STD and long-term disability ("LTD") plans, retirement and other employee benefit plans the Company may have, establish or maintain from time to time in which Company executives with corporate-wide responsibilities are eligible to participate. (b) Life Insurance. The Company shall provide you with no less than Five... Million Dollars ($5,000,000) of life insurance coverage during the Contract Period. (c) Taxation. Upon your written request, the Company shall work with you in good faith to reasonably attempt to minimize any additional tax liability resulting from your international travel on behalf of the Company. In addition, if deemed reasonably appropriate by the Company, the Company shall reimburse you for professional tax and accounting advice. View More

Benefits. (a) Employer Benefit Plans. During the Term, Executive will be eligible to participate, on terms which are generally available to the other senior executives of the Company and subject to the eligibility requirements of the applicable Company plans as in effect from time to time, in the Company's deferred compensation, medical, dental, vacation, life insurance and disability programs and other benefits generally available to the Company's senior executives from time to time. (b) Business Expense...s. The Executive is authorized to incur and the Company shall either pay directly or reimburse the Executive for ordinary and reasonable expenses in connection with the performance of his duties hereunder, including, without limitation, expenses for (A) transportation, (B) business meals, (C) travel and lodging, and (D) similar items. The Executive agrees to comply with Company policies with respect to reimbursement and record keeping in connection with such expenses. (c) Moving Expenses. The Company shall pay the reasonable costs associated with moving Executive's household goods from his current residence in Connecticut to the Liberty Corner, New Jersey area, including packing and moving. The Company will also pay the 3 reasonable costs associated with the sale of Executive's home in Connecticut and purchase of a home in New Jersey. Such costs shall only include real estate commissions and transfer taxes associated with the sale of the Connecticut home, and transfer taxes, inspections, appraisals, survey, title, and mortgage fees relating to the purchase of the New Jersey home. The Company shall also reimburse Executive for the costs of temporary housing for no more than 30 days while Executive is in the process of relocating. (d) Retirement Benefits. Executive will be eligible to participate in the Company's existing tax-qualified retirement plans and the Company's supplemental retirement and excess benefit plans (collectively "SERP"), as they may be in effect from time to time (e) Car Allowance. The Company shall provide Executive $1,000 per month as a car allowance to be applied toward the purchase or lease of a vehicle. This car allowance will be paid to Executive as part of the standard payroll and will be reported as income on Executive's year-end W-2 form. View More

Benefits. You will continue to be eligible to participate in the benefit plans and programs established by the Company for its employees from time to time, subject to their applicable terms and conditions, including without limitation any eligibility requirements. The Company also will pay or reimburse you for pre-approved fees you may incur to maintain professional memberships and licenses provided you timely submit substantiation for such fees after they have been approved. The Company reserves the righ...t to modify, amend, suspend or terminate the benefit plans and programs it offers to its employees at any time. View More

Benefits. (a) Corporate Benefit Plans. Executive shall be entitled to participate in or become a participant in any employee benefit plan maintained by Employer for which Executive is or will become eligible on such terms as the Board of Directors or its designee may, in its discretion, establish, modify or otherwise change. (b) Personal Time Off. Executive shall be entitled to four (4) weeks (or twenty (20) business days) of paid time off ("PTO") each year (or such greater annual number of days allowed u...nder Employer's PTO policy) which shall be taken in accordance with Employer's PTO Policy. View More

Benefits. Executive shall be eligible to participate in all employee benefit plans including, but not limited to: bonus; retirement; medical, dental, life and other insurance; vacation (i.e., thirty (30) days per year); personal/sick leave; holiday; 401(k) and ESOP retirement plans; and other benefit plans that are provided by the Company to its senior management personnel, in accordance with their terms as in effect from time to time. The Company shall furnish Executive with a Company-owned automobile, i...ncluding the cost of insurance, maintenance and gasoline. View More

Benefits. Provided that you (i) remain an employee and continue to provide services to the Company through the Retirement Date in accordance with Section 2, and (ii) comply with the other requirements of this Agreement, the Company will provide you with the following benefits (the "Benefits"): a) All unvested options to acquire ordinary shares of the Company ("Options") which you hold that are scheduled to vest within twelve months following the Retirement Date will remain outstanding and vest and become ...exercisable on their regularly scheduled vesting dates after the Retirement Date; all other unvested Options which you hold will be forfeited on the Retirement Date; all outstanding and vested Options which you hold will remain exercisable until the twelve month anniversary of the Retirement Date at which time they will expire. b) All unvested RSUs which you hold that are scheduled to vest within twelve months following the Retirement Date will remain outstanding and vest on their regularly scheduled vesting dates after the Retirement Date; all other unvested RSUs which you hold will be forfeited on the Retirement Date. View More