Employee Benefits Contract Clauses (1,139)

Grouped Into 53 Collections of Similar Clauses From Business Contracts

This page contains Employee Benefits clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Employee Benefits. (a) BENEFIT PLANS. The Executive shall, in accordance with Company policy and the terms of the applicable Company benefit plan documents, be eligible to participate in any benefit plan or arrangement, including health, life and disability insurance, retirement plans and the like, that may be in effect from time to time and made available to the Company's senior management. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provis...ions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. (b) VACATION. The Executive shall be entitled to vacation, holiday and sick leave per year in accordance with the Company's policies and shall be entitled to accrue 28 days of vacation time during the Employment Term in accordance with the Company's vacation policy. Vacation is to be taken at such intervals as shall be appropriate and consistent with the proper performance of the Executive's duties hereunder. (c) GENERAL EXPENSE REIMBURSEMENTS. The Company will reimburse the Executive for all usual, reasonable and necessary business expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company's usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that: (i) any reimbursement is for expenses incurred during the Employment Term; (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year; (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit. View More
Employee Benefits. (a) BENEFIT PLANS. The Executive shall, in accordance with Company policy and the terms of the applicable Company benefit plan documents, be eligible to participate in any benefit plan or arrangement, including health, life and disability insurance, retirement plans and the like, that may be in effect from time to time and made available to the Company's senior management. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provis...ions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. 3 (b) VACATION. The Executive shall be entitled to vacation, holiday twenty (20) business days paid vacation and sick leave per year in accordance with the Company's policies and shall be entitled to accrue 28 days of vacation time during the Employment Term in accordance with the Company's vacation policy. Vacation is to be taken at such intervals as shall be appropriate and consistent with the proper performance of the Executive's duties hereunder. The existing vacation accrued for the past four (4) years to date not to exceed sixty (60) days will rollover into this Agreement. (c) SUPPLEMENTAL DISABILITY BENEFITS. During the Employment Term, the Company will pay for the applicable premiums for the Executive's coverage under its existing supplemental disability policy. (d) GENERAL EXPENSE REIMBURSEMENTS. The Company will reimburse the Executive for all usual, reasonable and necessary business expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company's usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that: that (i) any reimbursement is for expenses incurred during the Employment Term; Term, (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year; year, (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit. (e) INDEMNIFICATION. The Company shall provide the Executive with full advance indemnification to the extent permitted by Delaware law, including indemnification for activities at all subsidiaries. View More
Employee Benefits. (a) BENEFIT PLANS. The Executive shall, in accordance with Company policy and the terms of the applicable Company benefit plan documents, be eligible to participate in any benefit plan or arrangement, including health, life and disability insurance, retirement plans and the like, that may be in effect from time to time and made available to the Company's senior management. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provis...ions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. (b) VACATION. The Executive shall be entitled to up to four (4) weeks paid vacation, holiday and sick leave per year in accordance with the Company's policies and shall be entitled to accrue 28 10 days of vacation time during the Employment Term in accordance with the Company's vacation policy. Vacation is to be taken at such intervals as shall be appropriate and consistent with the proper performance of the Executive's duties hereunder. (c) RELOCATION AND HOUSING. Commencing on the Effective Date, the Company agrees to pay Executive a temporary housing allowance of $2,000 per month, payable to Executive on or before the 10th day of each calendar month, for the purpose of assisting Executive in paying the costs associated with housing or living quarters in Mexico City. This monthly housing allowance will end or expire upon the expiration of the Employment Term. In addition thereto, the Company agrees to reimburse Executive for all reasonable and verifiable moving expenses that are incurred and paid by Executive in moving furniture, personal effects and vehicles to any temporary or permanent housing or living quarters that Executive may secure in Mexico City, in an amount not exceeding, in the aggregate, the sum of $15,000. Until the time of Executive's relocation to Mexico City, the Company agrees to reimburse Executive for the airfare for one round trip from Mexico to Russia every three months during the Employment Term. 2 (d) GENERAL EXPENSE REIMBURSEMENTS. The Company will reimburse the Executive for all usual, reasonable and necessary business expenses, including travel, computer and cellular phone costs that the Executive incurs in performing the services hereunder pursuant to the Company's usual expense reimbursement policies and practices, following submission by the Executive of reasonable documentation thereof. . All reimbursements provided under this Agreement shall be made in accordance with the requirements of Section 409A (as defined below) to the extent that such reimbursements are subject to Section 409A, including, as applicable, the requirements that: (i) any reimbursement is for expenses incurred during the Employment Term; (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year; (iii) the reimbursement of an eligible expense shall be made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and (iv) the right to reimbursement is not subject to liquidation or exchange for any other benefit. View More
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Employee Benefits. During the Term, the Company shall provide the Executive with benefits on the same basis as benefits are generally made available to other senior executives of the Company, including, without limitation, medical, dental, vision, disability and life insurance, financial and tax planning services and retirement benefits. The Executive shall be entitled to four weeks of paid vacation to be used in accordance with the Company's then current vacation policy; provided, however, that, in the event the ...Executive's employment ends for any reason, the Executive shall be paid only for unused vacation that accrued in the calendar year his employment terminated and any unused vacation for any prior year shall be forfeited. View More
Employee Benefits. During the Term, the Company shall provide the Executive with benefits benefits, to the extent the Executive is eligible therefor, on the same basis as benefits are generally made available to other senior executives of the Company, including, without limitation, medical, dental, vision, disability and life insurance, financial and tax planning services and retirement benefits. Company. The Executive shall be entitled to four weeks of paid vacation to be used in accordance with the Company's the...n current then-current vacation policy; provided, however, policy, provided that, in the event the Executive's employment ends for any reason, the Executive shall be paid only for unused vacation that accrued in the calendar year his employment terminated and any unused vacation for any prior year shall be forfeited. View More
Employee Benefits. During the Term, the Company shall provide the Executive with benefits on the same basis as benefits are generally made available to other senior executives of the Company, including, without limitation, medical, dental, vision, disability and life insurance, financial and tax planning services and retirement benefits. The Executive shall be entitled to four weeks of paid vacation to be used in accordance with the Company's then current vacation policy; provided, however, that, in the event the ...Executive's employment ends for any reason, the Executive shall be paid only for unused vacation that accrued in the calendar year his employment terminated and any unused vacation for any prior year shall be forfeited. Executive will have the ability to take a four (4) week paid sabbatical for development and/or research purposes consistent with the long term legal interests of the Company, during a time period mutually agreed upon between the Executive and CEO. Time spent on sabbatical by Executive shall not count against vacation or any other form of paid leave. View More
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Employee Benefits. The Company will continue to make available to you standard vacation, medical and dental insurance benefits. The Company will also continue to make available to you a 401(k) plan. You will continue to be eligible to participate in the Company's Employee Stock Purchase Plan upon enrollment by February 1st or August 1st of any year. 2 8. At-Will Employment; Employee Handbook and Policies. You will continue to be an at-will employee of the Company, meaning that either you or the Company may termina...te your employment at any time, without notice, for any reason or no reason, subject to applicable law. You shall continue to comply with Company policies, including those set forth in the Company's Employee Handbook, and the Confidentiality Information and Inventions Assignment Agreement by and between you and the Company. Congratulations on your promotion! Sincerely, Jaswinder Pal (J.P.) Singh Chairman of the Board 3 EX-10.1 2 d411656dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 November 30, 2022 Mr. Samuel Wilson RE: 8x8, Inc. Interim Chief Executive Officer Dear Samuel, On behalf of 8x8, Inc., a Delaware corporation ("8x8" or the "Company"), I am pleased to provide this letter memorializing your promotion from Chief Financial Officer to the position of Interim Chief Executive Officer ("Interim CEO"). View More
Employee Benefits. The Company will continue to make available to you standard vacation, medical and dental insurance benefits. The Company will also continue to make available to you a 401(k) plan. You will continue to be eligible to participate in the Company's Employee Stock Purchase Plan upon enrollment by February 1st or August 1st of any year. 2 8. At-Will Employment; Employee Handbook and Policies. You will continue to be an at-will employee of the Company, meaning that either you or the Company may termina...te your employment at any time, without notice, for any reason or no reason, subject to applicable law. You shall continue to comply with Company policies, including those set forth in the Company's Employee Handbook, and the Confidentiality Information and Inventions Assignment Agreement by and between you and the Company. Congratulations on your promotion! Sincerely, Jaswinder Pal (J.P.) Singh Chairman of the Board 3 EX-10.1 2 d411656dex101.htm EX-10.1 EX-10.1 EX-10.2 3 d411656dex102.htm EX-10.2 EX-10.2 Exhibit 10.1 10.2 November 30, 2022 Mr. Samuel Wilson Kevin Kraus RE: 8x8, Inc. Interim Chief Executive Financial Officer Dear Samuel, Kevin, On behalf of 8x8, Inc., a Delaware corporation ("8x8" or the "Company"), I am pleased to provide this letter memorializing your promotion from Chief Financial Officer Senior Vice President, Finance to the position of Interim Chief Executive Financial Officer ("Interim CEO"). CFO"). View More
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Employee Benefits. As a full-time employee, you will continue to be eligible to participate in the Company's standard benefits as in effect from time to time, on the same basis as Dan Levin December 19, 2014 Page 2 those benefits are generally made available to other similarly situated employees of the company, and subject to the Company's policies. Such benefits are subject to change, and may be supplemented, altered, or eliminated, in part or entirely. Any eligibility to participate in such benefits plans, as we...ll as the terms thereof, shall be as set forth in the governing documents for such plans, or there are no such governing documents, in the Company's policies. View More
Employee Benefits. As a full-time employee, you will continue to be eligible to participate in the Company's standard benefits as in effect from time to time, on the same basis as Dan Levin December 19, 2014 Page 2 those benefits are generally made available to other similarly situated employees of the company, and subject to the Company's policies. Such benefits are subject to change, and may be supplemented, altered, or eliminated, in part or entirely. Any eligibility to participate in such benefits plans, as we...ll as the terms thereof, shall be as set forth in the governing documents for such plans, or there are no such governing documents, in the Company's policies. View More
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Employee 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 reserves the right to modify, amend, suspend or terminate the benefit plans and programs it offers to its employees at any time. -2- 6. Severance. You will be eligible to enter into a Change in Control and Severance Agreement (the "S...everance Agreement") applicable to you based on your position within the Company. The Severance Agreement will specify the severance payments and benefits you may become entitled to receive in connection with certain qualifying terminations of your employment with the Company. These protections will supersede all other severance payments and benefits to which you otherwise may be entitled, or may become entitled in the future, under any plan, program or policy that the Company may have in effect from time to time. For purposes of clarification, any severance benefits or arrangements that may have applied to you before the Effective Date no longer will apply and you will have no rights or entitlements under any such plans, programs, agreements or arrangements. View More
Employee 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 reserves the right to modify, amend, suspend or terminate the benefit plans and programs it offers to its employees at any time. -2- 480 North McCarthy Blvd · Suite 200 · Milpitas, CA 95035 6. Severance. You will be eligible to enter... into a Change in Control and Severance Agreement (the "Severance Agreement") applicable to you based on your position within the Company. Company, to be effective as of the Effective Date. The Severance Agreement will specify the severance payments and benefits you may become entitled to receive in connection with certain qualifying terminations of your employment with the Company. These protections will supersede all other severance payments and benefits to which you otherwise may be entitled, or may become entitled in the future, under any plan, program or policy that the Company may have in effect from time to time. For purposes of clarification, any severance benefits or arrangements that may have applied to you before the Effective Date no longer will apply and you will have no rights or entitlements under any such plans, programs, agreements or arrangements. View More
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Employee 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 will reimburse you for reasonable travel or other expenses incurred by you in the furtherance of or in connection with the performance of your duties under this Agreement, pursuant to the terms of the Company's expense reimbursement ...policy as may be in effect from time to time. The Company reserves the right to modify, amend, suspend or terminate the benefit plans, programs, and arrangements it offers to its employees at any time. View More
Employee Benefits. You Commencing on the Effective Date and during the Employment Term, 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 including, without limitation limitation, any eligibility requirements. The Company will reimburse you for reasonable travel or other expenses incurred by you in the furtherance of or in connection with the performance of you...r duties under this Agreement, pursuant to the terms of the Company's expense reimbursement policy as may be in effect from time to time. The Company reserves the right to modify, amend, suspend or terminate the benefit plans, programs, and arrangements it offers to its employees at any time. View More
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Employee Benefits. During the Term of Agreement, Executive will be eligible to participate in the benefits offered to other executives of Heska, in accordance with benefit plans, policies, and arrangements that may exist from time to time.
Employee Benefits. During the Term of Agreement, Executive will be eligible to 2 participate in the benefits offered to other senior executives of Heska, in accordance with benefit plans, policies, and arrangements that may exist from time to time.
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Employee Benefits. Vacation. During the Term of Employment, the Executive shall be entitled to four weeks paid annual vacation in any calendar year. Upon termination of this Agreement for any reason, and notwithstanding any provisions of this Agreement to the contrary, the Executive shall be paid the amount of any accrued but unused vacation. Business Expenses. The Executive shall be reimbursed for all reasonable expenses incurred by her during the Term of Employment in the discharge of her duties hereunder, inclu...ding but not limited to, expenses for travel and entertainment, provided the Executive shall account for and substantiate all such expenses in accordance with the Company's policies for reimbursement of the expenses of its senior executives. Air Travel Benefit. During the Term of Employment, the Executive and her eligible family members shall be entitled to reduced rate air travel on other commercial 3 airline companies pursuant to the Company's interline agreements, subject to the Company's continuing agreements with such companies. In addition, the Executive and her eligible family members shall be entitled to free air travel on all Company flights on the same terms and conditions generally available to senior level executive employees of the Company. Benefit Plans. The Executive shall be eligible to participate in any other employee benefit plans and arrangements sponsored or maintained by the Company for the benefit of its senior executives, including without limitation, all welfare benefits plans (life, medical and disability), retirement plans and deferred compensation plans. General Company Policies. Except to the extent specifically provided herein, the provision of all employee benefits to the Executive shall be made in accordance with the Company's established policies and procedures. View More
Employee Benefits. (a) Vacation. During the Term of Employment, Term, the Executive shall be entitled to four weeks paid annual vacation in any calendar year. Upon termination of this Agreement for any reason, and notwithstanding any provisions of this Agreement to the contrary, the Executive shall be paid the amount of In accordance with Company policy, any accrued but unused vacation. vacation time not used in a year shall expire and shall not roll over to any subsequent year. (b) Business Expenses. The Executiv...e shall be reimbursed for all reasonable expenses incurred by her him during the Term of Employment in the discharge of her his duties hereunder, including but not limited to, expenses for travel and entertainment, provided the Executive shall account for and substantiate all such expenses in accordance with the Company's policies for reimbursement of the expenses of its senior executives. (c) Air Travel Benefit. During the Term of Employment, Term, the Executive and her his eligible family members shall be entitled to reduced rate air travel on other commercial 3 airline companies pursuant to the Company's interline agreements, subject to the Company's continuing agreements with such companies. In addition, the Executive and her eligible family members shall be entitled to free air travel on all Company flights on the same terms and conditions generally available to senior level executive employees of the Company. (d) Benefit Plans. The Executive shall be eligible to participate in any other employee benefit plans and arrangements sponsored or maintained by the Company for the benefit of its senior executives, including without limitation, all welfare benefits plans (life, medical and disability), retirement plans and deferred compensation plans. (e) General Company Policies. Except to the extent specifically provided herein, the provision of all employee benefits to the Executive shall be made in accordance with the Company's established policies and procedures. View More
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Employee Benefits. During the Employment Term and subject to the limitations set forth in this Section 4, Executive and his eligible dependents shall have the right to participate in any retirement plans (qualified and non-qualified), pension, insurance, health, disability or other benefit plan or program that has been or is hereafter adopted by the Company (or in which the Company participates), according to the terms of such plan or program, on terms no less favorable than the most favorable terms granted to sen...ior executives of the Company. View More
Employee Benefits. During the Employment Term and subject to Term, the limitations set forth in this Section 4, Executive and his eligible dependents shall have the right to participate in any retirement plans (qualified and non-qualified), pension, insurance, health, disability or other benefit plan or program that has been or is hereafter adopted by the Company (or in which the Company participates), according to the terms of such plan or program, on terms no less favorable than the most favorable terms granted ...to senior executives of the Company. In the event the Executive chooses not participate in any such plan or program, he shall not be entitled to additional compensation. View More
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Employee Benefits. (a) During the Employment Period, VNR shall provide Executive with coverage under all employee pension and welfare benefit programs, plans and practices, which VNR makes available to its senior executives (including, without limitation, participation in health, dental, group life, disability, retirement and all other plans and fringe benefits to the extent generally provided to such senior executives), commensurate with his position in the Company, to the extent permitted under the employee bene...fit plan or program, and in accordance with the terms of the program and/or plan. 2 (b) Executive shall be entitled to vacation time in accordance with the Company's published vacation policy which currently provides Executive with twenty five (25) business days paid vacation in each calendar year. Such vacation time shall accrue at a rate of two (2) vacation days for each calendar month worked; provided, however, that during any given calendar year, Executive shall be able to take vacation days that will accrue during that calendar year, even if such days have not yet accrued. A maximum of ten (10) business days of accrued but unused vacation may be carried over from one calendar year to the next. (c) Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and promoting the business of the Company, including, without limitation, reasonable expenses for travel, lodgings, entertainment and similar items related to such duties and responsibilities. VNR will promptly reimburse Executive for all such expenses upon presentation by Executive of appropriately itemized and approved (consistent with VNR's policy) accounts of such expenditures, in accordance with the Company's expense reimbursement policy; provided, however, that in no event shall the expense reimbursement be made after the last day of the taxable year following the year in which the expense was incurred by Executive, although in the event that the reimbursement would constitute taxable income to Executive, such reimbursements will be paid no later than March 15th of the calendar year following the calendar year in which the expense was incurred. No reimbursement or expenses eligible for reimbursement in any taxable year shall affect the expenses eligible for reimbursement in any other taxable year, nor may the right to receive a reimbursement of expenses be subject to liquidation or exchanged for another benefit. View More
Employee Benefits. (a) During the Employment Period, VNR the Company shall provide Executive with coverage under all employee pension and welfare benefit programs, plans and practices, which VNR Tidewater makes available to its senior executives officers (including, without limitation, but not limited to, participation in health, dental, group life, disability, retirement and all other plans and fringe benefits to the extent generally provided to such senior executives), officers), commensurate with his position i...n the Company, to the extent permitted under the employee benefit plan or program, and in accordance with the terms of the program and/or plan. 2 EXECUTION VERSION (b) Executive shall be entitled to vacation time in accordance with the Company's published vacation policy which currently provides Executive with twenty five (25) business days paid vacation policy, as in each calendar year. Such vacation effect from time shall accrue at a rate of two (2) vacation days for each calendar month worked; provided, however, that during any given calendar year, Executive shall be able to take vacation days that will accrue during that calendar year, even if such days have not yet accrued. A maximum of ten (10) business days of accrued but unused vacation may be carried over from one calendar year to the next. time. (c) Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and promoting the business of the Company, including, without limitation, but not limited to, reasonable expenses for travel, lodgings, entertainment and similar items related to such duties and responsibilities. VNR responsibilities, in each case in accordance with applicable Company policies. The Company will promptly reimburse Executive for all such expenses upon presentation by Executive of appropriately itemized and approved (consistent with VNR's policy) accounts of such expenditures, in accordance with the Company's expense reimbursement policy; provided, however, that in no event shall the expense reimbursement be made after the last day of the taxable year following the year in which the expense was incurred by Executive, although in the event that the reimbursement would constitute taxable income to Executive, such reimbursements will be paid no later than March 15th of the calendar year following the calendar year in which the expense was incurred. No reimbursement or expenses eligible for reimbursement in any taxable year shall affect the expenses eligible for reimbursement in any other taxable year, nor may the right to receive a reimbursement of expenses be subject to liquidation or exchanged for another benefit. View More
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