Grouped Into 8 Collections of Similar Clauses From Business Contracts
This page contains Executive Benefits clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Executive Benefits. (a) Fringe Benefits; Paid Time Off. The Company will provide Executive with those fringe benefits and other executive benefits on the same terms and conditions as generally available to senior management from time to time (e.g., health and other insurance programs, etc. ); provided, however, that the Company reserves the right to amend or terminate any employee or executive benefit plan or program. Executive is entitled to paid time off (PTO) during each calendar year, with the amount and schedu...ling of the vacation to be determined under the Company's PTO policies as in effect from time to time. 2 (b) Reimbursement of Expenses. Executive is entitled to be reimbursed by the Company for reasonable business expenses incurred in performing his duties under the Company's expense reimbursement policies as in effect from time to time or as otherwise approved by the CEO or the Board.View More
Executive Benefits. (a) Fringe Benefits; Paid Time Off. The Company will provide Executive with those fringe benefits and other executive benefits on the same terms and conditions as are generally available to senior management from time to time time-to-time (e.g., health and other insurance programs, etc. ); provided, however, that the Company reserves the right to amend or terminate any employee or executive benefit plan or program. program at any time. Executive is shall be entitled each year to one or more vaca...tions and other paid time off (PTO) during each calendar year, ("PTO") in an amount not to exceed 30 days, or otherwise in accordance with the amount and scheduling of the vacation to be determined under the Company's PTO policies as in effect from time time-to-time. Vacations and other PTO shall be scheduled so as to time. 2 not unreasonably interfere with the business of the Company. (b) Reimbursement of Expenses. Executive is entitled to be reimbursed by the Company for reasonable business expenses incurred in performing his duties under the Company's expense reimbursement policies as in effect from time to time time-to-time or as otherwise approved by the [the CEO or or] the Board. View More
Executive Benefits. (a) Fringe Benefits; Paid Time Off. The Company will shall provide Executive with those fringe benefits and other executive benefits on the same terms and conditions as generally available to senior management from time to time (e.g., health and other insurance programs, long-term disability insurance, etc. ); provided, however, that the Company reserves the right to amend or terminate any employee or executive benefit plan or program. During the Term, the Company shall pay the premiums on a fiv...e-year renewable term life insurance policy on the life of the Executive with a $6,000,000 death benefit in which Executive will have the right to name the beneficiary(ies); provided that such policy shall have a maximum annual premium of $50,000. Executive is entitled to paid vacation or paid time off (PTO) during each calendar year, with the amount and scheduling of the vacation to be determined under the Company's PTO policies as in effect from time to time. 2 The Company shall also establish a non-qualified deferred compensation plan into which Executive will be permitted to defer all or part of his Base Salary and/or his CEO Incentive Compensation Bonus. (b) Reimbursement of Expenses. Executive is entitled to be reimbursed by the Company for reasonable business expenses incurred in performing his duties under the Company's expense reimbursement policies as in effect from time to time or as otherwise approved by the CEO or the Board. View More
Executive Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be entitled to participate in any employee and/or executive benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees and/or executives generally, currently including, without limitation, health and dental insurance coverage, long-term and short-term disability insurance coverage and group life insurance coverage, subject, in all events to satisfying the applicable eligibil...ity requirements, and except to the extent such plans are duplicative of the benefits otherwise provided 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 or terminate any employee and/or executive benefit plan at any time. 2 (b) VACATION TIME. During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company's policy applicable to its executives as in effect from time to time. (c) BUSINESS EXPENSES. Upon presentation of such reasonable substantiation and documentation as the Company reasonably may specify from time to time, the Executive shall be reimbursed for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term in connection with the performance of the Executive's duties hereunder.View More
Executive Benefits. (a) BENEFIT PLANS. Benefit Plans. During the Employment Term, the Executive shall be entitled eligible to participate in any the employee and/or executive benefit plan that programs maintained by the Company has adopted or may adopt, maintain or contribute from time to for the benefit of its employees and/or executives generally, currently including, without limitation, health and dental insurance coverage, long-term and short-term disability insurance coverage and group life insurance coverage,... subject, in all events time, subject to satisfying the applicable eligibility requirements, and except to the extent such plans are duplicative of the benefits otherwise provided 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 amend, modify or terminate any employee and/or executive benefit plan at any time. 2 (b) VACATION TIME. Vacations. During the Employment Term, the Executive shall be entitled to paid vacation time in accordance with the Company's policy applicable to its executives as in effect from time to time. (c) BUSINESS EXPENSES. Business and Entertainment Expenses. Upon presentation of such reasonable substantiation and documentation as the Company reasonably may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policy, for all reasonable and necessary out-of-pocket business business, travel and entertainment expenses incurred and paid by the Executive during the Employment Term in connection with the performance of the Executive's duties hereunder. 2 (d) Indemnification. The Company hereby agrees to indemnify the Executive and hold the Executive harmless to the maximum extent permitted under Delaware law and provided for under the organizational documents of the Company against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney's fees), losses, and damages resulting from the Executive's good faith performance of the Executive's duties and obligations with the Company. The Company will provide coverage to the Executive under a Directors & Officers liability insurance policy covering other executives of the Company. The foregoing obligations shall survive during the Employment Term plus the applicable statute of limitations period. View More
Executive Benefits. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be entitled to participate in any employee and/or executive benefit plan that the Company has and/or Parent have adopted or may adopt, maintain or contribute to for the benefit of its employees and/or executives generally, currently including, without limitation, health and dental insurance coverage, long-term and short-term disability insurance coverage and group life insurance coverage, subject, in all events to satisfying the ...applicable eligibility requirements, and except to the extent such plans are duplicative of the benefits otherwise provided hereunder. The Executive's participation will be subject to the terms of the applicable plan documents and generally applicable Company or Parent policies. Notwithstanding the foregoing, the Company or Parent, as the case may be, may modify or terminate any employee and/or executive benefit plan at any time. 2 (b) VACATION TIME. During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company's or Parent's policy applicable to its executives as in effect from time to time. 2 (c) BUSINESS EXPENSES. Upon presentation of such reasonable substantiation and documentation as the Company or Parent reasonably may specify from time to time or as otherwise provided under the Company's business expense reimbursement policy in effect from time to time, the Executive shall be reimbursed for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term in connection with the performance of the Executive's duties hereunder. View More
Executive Benefits. During his Employment, the Executive shall be eligible for paid time off in accordance with the Company's flexible time off policy, as in effect from time to time, and for all official holidays. During his Employment, the Executive shall also be eligible to participate in all company sponsored and executive benefit plans maintained by the Company, subject in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee adm...inistering such plan.View More
Executive Benefits. During his Employment, the Executive shall be eligible for paid time off in accordance with the Company's flexible time off PTO policy, as in effect from time to time, and for all official holidays. time. During his Employment, the Executive shall also be eligible to participate in all company sponsored and the executive benefit plans maintained by the Company, subject in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or... committee administering such plan. View More
Executive Benefits. Executive will be eligible to participate in accordance with the terms of all Company employee benefit plans, policies, and arrangements that are applicable to other executive officers of the Company, as such plans, policies, and arrangements may exist from time to time. (b) Paid Time Off. Executive will be entitled to accrue paid time off (PTO time) at a rate of twenty (20) days per year. Upon a termination of Executive's employment for any reason, Executive shall receive payment for all accrue...d, unused PTO time. 2 (c) Benefit Plans. The Company shall cover 100% of the insurance premiums (medical, dental, and vision) for Executive and his family. Upon the completion of the initial public offering, the Executive shall be entitled to participate in all employee benefit plans and programs (excluding severance plans, if any) generally made available by the Company to senior executives of the Company, including participation in a 401K plan, with up to four percent (4%) matching contribution (in accordance with normal Company policy), to the extent permissible under the general terms and provisions of such plans or programs and in accordance with the provisions thereof including any such eligibility requirements. The Company may amend, modify or rescind any employee benefit plan or program and/or change employee contribution amounts to benefit costs without notice in its discretion. (d) Expenses. The Company will reimburse Executive for reasonable travel, business entertainment and other expenses incurred by Executive in the furtherance of the performance of Executive's duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time.View More
Executive Benefits. Executive will be eligible to participate in accordance with the terms of all Company employee benefit plans, policies, and arrangements that are applicable to other executive officers of the Company, as such plans, policies, and arrangements may exist from time to time. (b) Paid Time Off. Executive will be entitled to accrue paid time off (PTO time) at a rate of twenty (20) days per year. Upon a termination of Executive's employment for any reason, Executive shall receive payment for all accrue...d, unused PTO time. 2 (c) Benefit Plans. The Company shall cover 100% of the insurance premiums (medical, dental, and vision) for Executive and his family. Upon the completion of the initial public offering, the Executive shall be entitled to participate in all employee benefit plans and programs (excluding severance plans, if any) generally made available by the Company to senior executives of the Company, including participation in a 401K plan, with up to four percent (4%) matching contribution (in accordance with normal Company policy), to the extent permissible under the general terms and provisions of such plans or programs and in accordance with the provisions thereof including any such eligibility requirements. The Company may amend, modify or rescind any employee benefit plan or program and/or change employee contribution amounts to benefit costs without notice in its discretion. (d) Expenses. The Company will reimburse Executive for reasonable travel, business entertainment and other expenses incurred by Executive in the furtherance of the performance of Executive's duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. 3 6. Termination of Employment. In addition to any other compensation payable to the Executive pursuant to this Agreement, in the event Executive's employment with the Company terminates for any reason, Executive will be entitled to any (a) unpaid Base Salary and any Target Cash Bonus accrued and unpaid up to the Termination Date, (b) pay for accrued but unused vacation, (c) benefits or compensation as provided under the terms of any employee benefit and compensation agreements or plans applicable to Executive and under which Executive has a vested right (including any right that vests in connection the termination of Executive's employment), (d) unreimbursed business expenses to which Executive is entitled to reimbursement under the Company's expense reimbursement policy, and (e) rights to indemnification Executive may have under the Company's Articles of Incorporation, as amended from time to time, the Company's Bylaws, as amended and/or restated, this Agreement, or Executive's separate indemnification agreement, as applicable, including any rights Executive may have under directors and officers insurance policies (items (a) through (e), collectively, the "Accrued Obligations"). View More
Executive Benefits. During the Employment Term, Executive shall be entitled to participate in the employee benefit plans generally made available to senior officers of the Company, including, without limitation, plans providing medical, dental and life insurance coverage, on, and in accordance with, the terms and conditions specified in such plans. The Executive shall be entitled to vacation in accordance with the Company's policy in effect from time to time with respect thereto, subject to Executive being entitled... to accrue a minimum of five weeks' vacation in any calendar year.View More
Executive Benefits. During the Employment Term, Executive (and, to the extent dependent coverage is afforded under the terms of such plans, his eligible dependents) shall be entitled to participate in the employee benefit plans generally made available to senior officers of the Company, including, without limitation, plans providing medical, dental and life insurance coverage, on, and in accordance with, the terms and conditions specified in such plans. The Executive shall be entitled to vacation in accordance with... the Company's policy in effect from time to time with respect thereto, subject to Executive being entitled to accrue a minimum of five weeks' vacation in any calendar year. View More
Executive Benefits. (a) General. In addition to the compensation described in Section 4, during the Employment Term, the Company shall make available to the Executive, on the most favorable terms and conditions available to executive and management employees of the Company, (i) all Company sponsored employee benefit plans or arrangements and such other usual and customary benefits now or hereafter generally available to employees of the Company, and (ii) such benefits and perquisites as may be made available to sen...ior executives of the Company as a group, including, without limitation, equity and cash incentive programs, director and officer insurance which includes coverage for service on other boards of directors at the request of the Company, governmental panels, etc., vacations, and retirement, deferred compensation and welfare plans. (b) Attorneys' Fees. The Company shall pay or reimburse the Executive for all reasonable attorneys' fees and disbursements incurred by the Executive in connection with the negotiation and execution and enforcement of this Agreement.View More
Executive Benefits. (a) General. In addition to the compensation described in Section 4, during the Employment Term, the Company University shall make available to the Executive, on the most favorable terms and conditions available to executive and management employees of the University or Company, (i) all Company sponsored employee benefit plans or arrangements and such other usual and customary benefits now or hereafter generally available to employees of the Company, and (ii) such benefits and perquisites as may... be made available to senior executives of the Company as a group, including, without limitation, equity and cash non-equity incentive programs, director and officer insurance which includes coverage for service on other boards of directors at the request of the Company, governmental panels, etc., vacations, and retirement, deferred compensation and welfare plans. (b) Attorneys' Fees. The Company shall pay or reimburse the Executive for all reasonable attorneys' fees and disbursements incurred by the Executive in connection with the negotiation and execution and enforcement of this Agreement.View More
