Fringe Benefits Contract Clauses (139)

Fringe Benefits. Group Plans. Executive shall, throughout the Employment Period, continue to be eligible to participate in all of the group term life insurance plans, group health plans, accidental death and dismemberment plans, short-term disability programs, retirement plans, profit sharing plans or other plans (for which Executive qualifies) that are available to the executive officers of the Company. During the Employment Period, the Company will pay for coverage for Executive and his spouse and dependents r...esiding in Executive's household (collectively, the "Dependents") under the Company's health plan, and coverage for Executive under the Company's accidental death and dismemberment plan and for short-term disability. In the event Executive elects not to participate in the Company's health plan, the Company shall reimburse Executive for the cost of alternative health care coverage of his choosing for Executive and his Dependents in an amount up to $2,000 per month. Payment for all other benefit plans will be paid in accordance with the Company's policy in effect for similar executive positions. Vacation. Executive shall continue to be entitled to at least four weeks paid vacation per year. Vacation shall accrue pursuant to the Company's vacation benefit policies. 3 C. Indemnification. The Company and Executive shall enter into the Company's standard indemnification agreement for its key executives. Auto Allowance. During the Employment Period, Executive shall be entitled to an auto allowance for one vehicle for Executive's use up to $1,000 per month. View More

Fringe Benefits. (a) Benefit Plans. During the Period of Employment, Employee shall be eligible to participate in any employee pension benefit plans (as that term is defined under Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended), Employer-paid group life insurance plans, medical plans, dental plans, long-term disability plans, business travel insurance programs and other fringe benefit programs maintained by Employer for the benefit of (or which are applicable to) its executive em...ployees. Participation in any of Employer's benefit plans and programs shall be based on, and subject to satisfaction of, the eligibility requirements and other conditions of such plans and programs. Employer may require Employee to submit to an annual physical, to be performed by a physician of his own choosing. Employee shall not be eligible to participate in Employer's Severance Pay Plan maintained for other employees not covered by employment agreements. (b) Expenses. Upon submission to Employer of vouchers or other required documentation, Employee shall be reimbursed for (or Employer shall pay directly) Employee's actual out-of-pocket travel and other expenses reasonably incurred and paid by Employee in connection with Employee's duties hereunder. Reimbursable expenses must be submitted to the Compensation Committee of the Board of Directors of Employer for review on no less than an annual basis. (c) Other Benefits. During the Period of Employment, Employee also shall be entitled to receive the following benefits: (i) Paid time-off of twenty-one (21) days each calendar year (with no carry-over of unused time to a subsequent year) and any holidays that may be provided to all employees of Employer in accordance with Employer's holiday policy; (ii) Reasonable sick leave; (iii) Reimbursement of membership fees and dues (but not personal expenses) for up to two club memberships and other appropriate professional associations, subject to the approval of the Compensation Committee of the Board of Directors of Employer, the primary purpose of which memberships shall be the promotion of Employer's business interests. Reimbursements shall be made on or before the last day of Employee's taxable year following the taxable year in which the expense was incurred; 5 (iv) The use of an Employer-owned automobile, the purchase and replacement of which shall be subject to the approval of the Compensation Committee of the Board of Directors of Employer; and (v) The use of an Employer-owned mobile telephone and the payment or reimbursement of all Employer-related business charges incurred in connection with the use of such telephone. (d) Supplemental Retirement Benefits. The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties. View More

Fringe Benefits. You will be eligible to participate in any group life insurance plan, group medical and/or dental insurance plan, and other employee benefit plans, which are made available to employees of the Company and for which you qualify. You will accrue paid 15 days of vacation benefits in accordance with Company policy. You will be entitled to 5 sick days in accordance with Company policy and accrue such sick days in accordance with such policy and applicable state or local law. As the President of the c...ompany, you are eligible for additional fringe benefits which will be defined at a later date. View More

Fringe Benefits. Employee will be eligible for all customary and usual fringe benefits generally available to other employees of the Employer as are described in the employee handbook of the Company and which may be changed at the Company's discretion from time to time. Employee shall be entitled to five (5) weeks paid vacation per calendar year without deduction of compensation, with the time slot for such vacation in any one or more calendar year to be agreed upon by the CEO of the Employer. The Employer reser...ves the right to change or eliminate in its sole discretion fringe benefits on a prospective basis, at any time, as long as Employer does so for all employees similarly situated to Employee. Notwithstanding any language in this paragraph, Company shall provide Employee during Employee's employment with a health insurance plan with the cost of all premiums to be paid by Employer. As long as both the Employee and Daniel Leis are employed by the Company, and the cost of health insurance for both and their dependents is less than the cost to insure them individually, the Company shall pay the cost of health insurance for Daniel Leis, the Employee and his dependents; in the event the cost is greater to include such dependents, such dependents will continue to be insured (if so elected by Employee), but the premium difference will be a payroll deduction against Employee's Base Salary. View More

Fringe Benefits. A. Executive shall, throughout the Employment Period, be eligible to participate in any and all group term life insurance plans, group health plans, accidental death and dismemberment plans and short-term disability programs and other executive perquisites which are made available to the Company's executives and for which Executive qualifies under the terms of such plans, policies or programs. B. Executive shall be entitled to paid vacation time consistent with the applicable policies of Company... as in effect from time to time, but in any event no less than four weeks of such vacation per year. C. During the Employment Period, Executive shall be authorized to incur necessary and reasonable travel, entertainment and other business expenses in connection with his duties hereunder. The Company shall reimburse Executive for such expenses upon presentation of an itemized account and appropriate supporting documentation, in accordance with the terms of the Company's expense reimbursement policy. D. Executive and the Company shall enter into the Company's standard Indemnification Agreement, which Indemnification Agreement shall be effective as of the Effective Date. View More

Fringe Benefits. The Executive shall be entitled to participate in any benefit programs adopted from time to time by the Company for the benefit of its senior executive employees, and the Executive shall be entitled to receive such other fringe benefits as may be granted to him from time to time by the Board. (a) Benefit Plans. The Executive shall be entitled to participate in any benefit plans relating to equity-based compensation awards, pension, thrift, profit sharing, life insurance, medical coverage, educat...ion, deferred compensation, or other retirement or employee benefits available to other senior executive employees of the Company, subject to any restrictions (including waiting periods) specified in such plans and/or related individual agreements. The Company shall make commercially reasonable efforts to obtain medical and disability insurance, and such other forms of insurance as the Board shall from time to time determine, for its senior executive employees. 2 (b) Paid Time Off. The Executive shall be entitled to twenty-five (25) days of paid time off ("PTO") per calendar year pursuant to the Company's policies applicable to similarly situated employees of the Company, as in effect from time to time and consistent with the Executive's satisfactory performance of the duties set forth in Section 1; provided, however, that the Executive may only accrue up to a maximum of fifty (50) days of PTO. The Executive may use PTO for any reason, including vacation, sick time, personal time and family illness. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive. View More