Employee Benefits Clause Example with 28 Variations from Business Contracts
This page contains Employee 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.
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be eligible to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's participation will be subject to the terms of the applicable plan documents and generall...y applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive shall be entitled to four (4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder.View More
Variations of a "Employee Benefits" Clause from Business Contracts
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the applicabl...e plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive Employee shall be entitled to four (4) weeks twenty (20) days of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward time. Up to five (5) days of any accrued and unused vacation time from any may be carried forward to use in the first quarter of the following year. The Employee will also be eligible for up to five (5) days of personal time each calendar year to any future calendar year. which do not carry forward. Vacation may be taken at such times and intervals as the Executive Employee determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses, including but not limited to reasonable commuting expenses between Houston and the Company's headquarters, incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be eligible entitled to participate in any employee benefit plan (including the Company's health, welfare and retirement plans, and coverage for the Executive's annual physical examination) that the Company Company, Parent or any of their direct or indirectly controlled subsidiaries (each an "Affiliate") has adopted or may adopt, maintain or contribute to for and which benefit any of the benefit senior executives of its employees... generally, the Company, Parent or any Affiliate, on a basis no less favorable than that applicable to any such senior executives, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's participation will in any such employee benefit plan shall be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. time, if and to the extent allowed pursuant to the terms of such plan, provided that any such amendment may have no more adverse affect on the Executive than on any other participant in such plan. The Company may provide perquisites to the Executive at the discretion of the Board. (b) VACATIONS. During the Employment Term, the Executive shall be entitled to four (4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. time. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, policies as in effect from time to time, for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be eligible to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or 2 contribute to for the benefit of its senior executive employees generally, subject to the terms and conditions of such employee benefit plans, including satisfying the applicable eligibility requirements, except to the extent that such plans are duplicative of the benefits otherwise provided to for hereunder. The Execu...tive's participation will be subject to the terms of the applicable plan documents and generally applicable Company policies. policies, as may be in effect from time to time. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive shall be entitled to four (4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. hereunder, in accordance with the Company's policies with regard thereto. (c) PAID TIME OFF. During the Employment Term, Executive shall be entitled to 28 days of paid time off per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to employees as in effect from time to time. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the 2 applica...ble plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive Employee shall be entitled to four (4) three weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. time. (c) BUSINESS AND ENTERTAINMENT EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, policy for all reasonable out-of-pocket business and entertainment expenses incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the applicabl...e plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive Employee shall be entitled to four (4) weeks twenty (20) days of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward time. Up to five (5) days of any accrued and unused vacation time from any may be carried forward to use in the first quarter of the following year. The Employee will also be eligible for up to five (5) days 2 of personal time each calendar year to any future calendar year. which do not carry forward. Vacation may be taken at such times and intervals as the Executive Employee determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the applicabl...e plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. 2 (b) VACATIONS. During the Employment Term, the Executive Employee shall be entitled to four (4) three weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. time. (c) BUSINESS AND ENTERTAINMENT EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, policy for all reasonable out-of-pocket business and entertainment expenses incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall will be eligible to participate in any employee benefit plan that adopted by the Company has adopted or may adopt, maintain or contribute to for the benefit of its 2 employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's participation in any such program will be subject to the terms of the ...applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. time without violation of this Agreement. (b) VACATIONS. During the Employment Term, the Executive shall will be entitled to four (4) weeks of eligible for paid vacation per calendar year (as prorated for partial years) time consistent with that of similarly-situated executives in accordance with the Company's policy on accrual and use applicable to executives of the Company vacation policies as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. time. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the The Company may specify from time to time, will reimburse the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable and necessary out-of-pocket business and travel expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. hereunder in accordance with the Company's expense reimbursement policy. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the applicabl...e plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive Employee shall be entitled to four (4) three weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. time. (c) BUSINESS AND ENTERTAINMENT EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, policy for all reasonable out-of-pocket business and entertainment expenses incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be eligible entitled to participate in any employee benefit plan and policy (i.e. vacation, sick days, personal days, etc.) that the Company has adopted or may adopt, maintain maintain, or contribute to, from time to time for the benefit of its employees generally, senior executive employees, subject to satisfying the applicable eligibility requirements, except to the extent that such plans are duplicative of the benefits otherwi...se provided to for hereunder. The Executive's participation will be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify modify, revise or eliminate or terminate any employee benefit plan at any time. (b) VACATIONS. During the Employment Term, the Executive shall be entitled to four (4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. (c) BUSINESS EXPENSES. advance notice. (b) Business Expenses. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. hereunder, in accordance with the Company's policies with regard thereto. View More
Employee Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive Employee shall be eligible entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, and except to the extent such plans are duplicative of the benefits otherwise provided to hereunder. The Executive's Employee's participation will be subject to the terms of the appli...cable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. (b) VACATIONS. VACATION TIME. During the Employment Term, the Executive Employee shall be entitled to four (4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to executives of the Company employees as in effect from time to time, without carryforward of unused vacation time from any calendar year to any future calendar year. Vacation may be taken at such times and intervals as the Executive determines, subject to the business needs of the Company. time. (c) BUSINESS AND TRAVEL EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive Employee shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the Executive Employee during the Employment Term and in connection with the performance of the Executive's Employee's duties hereunder. View More
