Grouped Into 29 Collections of Similar Clauses From Business Contracts
This page contains Other Benefits clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Other Benefits. During the term of this Agreement, the Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans, including, without limitation, health, medical, dental, vision, life (including accidental death and dismemberment) and disability insurance plans (collectively, "Benefit Plans"), in substantially the same manner and at substantially the same levels as the Company makes such opportunities available to the Company's managerial or ...salaried executive employees and/or its senior executives. The Company shall pay one hundred percent (100%) of the cost for any group medical, vision and/or dental coverage elected by and for the Executive.View More
Other Benefits. During the term of this Agreement, the Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans, including, without limitation, health, medical, dental, vision, life (including accidental death and dismemberment) and disability insurance plans (collectively, "Benefit Plans"), in substantially the same manner and at substantially the same levels as the Company makes such opportunities available to the Company's managerial or ...salaried executive employees and/or its senior executives. The executive officers. -3- 10. Vacation. During the term of this Agreement, the Executive shall be entitled to accrue, on a pro rata basis, seven (7) weeks paid vacation per year. Vacation shall be taken at such times as are mutually convenient to the Executive and the Company and no more than seven (14) consecutive days shall pay be taken at any one hundred percent (100%) of the cost for any group medical, vision and/or dental coverage elected by and for the Executive. time without Company approval in advance. View More
Other Benefits. During the term of this Agreement, the Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans, including, without limitation, health, medical, dental, vision, life (including accidental death and dismemberment) and disability insurance plans (collectively, "Benefit Plans"), in substantially the same manner and at substantially the same levels as the Company makes such opportunities available to the Company's managerial or ...salaried executive employees and/or its senior executives. The Company shall pay one hundred percent (100%) of the cost for any group medical, vision and/or dental coverage elected by and for the Executive. executive officers. View More
Other Benefits. During the term of this Agreement, the Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans, including, without limitation, health, medical, dental, vision, life (including accidental death and dismemberment) and disability insurance plans (collectively, "Benefit Plans"), in substantially the same manner and at substantially the same levels as the Company Parent makes such opportunities available to the Company's Parent'...s managerial or salaried executive employees and/or its senior executives. The Company Parent shall pay one hundred percent (100%) of the cost for any group medical, vision and/or dental coverage elected by and for the Executive. Executive and one hundred (100%) of the additional incremental cost for any group medical, vision and/or dental coverage elected by the Executive for the Executive's family. Notwithstanding the foregoing, to the extent payment of such cost will result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended (the "Code"), or any statute or regulation of similar effect, then the parties shall negotiate in good faith an alternative arrangement that places the Executive in substantially the same after-tax position. The Executive shall be entitled to air travel, including travel by business and/or first class, as is reasonable and necessary for the performance of his duties and responsibilities, in accordance with the Parent's policies as approved by the Board. View More
Other Benefits. The Retention and Sale Payment is a special payment to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death or other benefit under any other bonus, incentive, pension, retirement, insurance or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise.
Other Benefits. The Retention and Sale Payment Amount is a special payment to you Executive and, except as otherwise set forth in Section 11 of this Agreement, is not intended to supersede or replace any other compensation payable to Executive, and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, pension or retirement, death death, or other benefit under any other bonus, incentive, pension, pension or retirement, insuranc...e insurance, or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise. View More
Other Benefits. The Retention Bonus and Sale Payment is a the Accelerated Payments are special payment to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death or other benefit under any other bonus, incentive, pension, retirement, insurance or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise.
Other Benefits. The Retention and Sale Payment is Success Bonus (if any) will be a special payment to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death death, or other benefit under any other bonus, incentive, pension, retirement, insurance insurance, or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise.
Other Benefits. (a) Employee Benefits. During the Employment Term and any renewals, Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company and made available to employees of the Company generally (other than plans in effect on the date hereof that are closed to new participants), to the extent Executive is eligible under the terms of such plans. Executive's participation in such plans, practices and programs shall be on the same basis and terms... as are applicable to employees of the Company generally. (b) Executive Benefits. During the Employment Term, Executive shall be entitled to participate in such executive benefit plans maintained by the Company and made available to senior executives of the Company generally, on the same basis and terms as are applicable to such senior executives generally. No additional compensation provided under any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's entitlements hereunder. (c) Business Expenses. Upon submission of proper invoices in accordance with the Company's policies, Executive shall be entitled to receive prompt reimbursement of all reasonable out-of-pocket business, entertainment and travel expenses incurred by Executive in connection with the performance of Executive's duties hereunder and otherwise incurred in accordance with the Company's travel and entertainment policy in effect from time to time. Such reimbursement shall be made as soon as practicable and in no event later than the end of the calendar year following the calendar year in which the expenses were incurred. (d) Office and Facilities. During the Employment Term, Executive shall be provided with an appropriate office at the Company's headquarters, with such secretarial and other support facilities as are commensurate with Executive's status with the Company and adequate for the performance of Executive's duties hereunder. (e) Paid Time Off (PTO). Executive shall be entitled, without loss of pay, to absent himself voluntarily, for illness, vacation or other reasons, from the performance of Executive's employment under this Agreement.View More
Other Benefits. (a) Employee Executive Benefits. During the Employment Term and any renewals, Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company and made available to employees of the Company generally (other than plans in effect on the date hereof that are closed to new participants), to the extent Executive is eligible under the terms of such plans. Executive's participation in such plans, practices and programs shall be on the same basis... and terms as are applicable to employees of the Company generally. (b) Executive Benefits. During the Employment Term, Executive shall be entitled to participate in such executive benefit plans maintained by the Company and made available to senior executives of the Company generally, on the same basis and terms as are applicable to such senior executives generally. No additional compensation provided under any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's entitlements hereunder. (c) Business Expenses. Upon submission of proper invoices in accordance with the Company's policies, Executive shall be entitled to receive prompt reimbursement of all reasonable out-of-pocket business, entertainment and travel expenses incurred by Executive in connection with the performance of Executive's duties hereunder and otherwise incurred in accordance with the Company's travel and entertainment policy in effect from time to time. Such reimbursement shall be made as soon as practicable and in no event later than the end of the calendar year following the calendar year in which the expenses were incurred. (d) Office and Facilities. During the Employment Term, Executive shall be provided with an appropriate office at the Company's headquarters, with such secretarial and other support facilities as are commensurate with Executive's status with the Company and adequate for the performance of Executive's duties hereunder. (e) (c) Paid Time Off (PTO). Executive shall be entitled, without loss of pay, receive paid time off in accordance with the Company's leave policies and procedures, along with eight (8) paid Holidays subject to absent himself voluntarily, for illness, vacation or other reasons, from the performance of Executive's employment under this Agreement. Company's Leave policies and procedures. View More
Other Benefits. (a) Employee Benefits. During the Employment Term and any renewals, Term, Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company or its affiliates and made available to similarly-situated employees of the Company generally (other than plans in effect on the date hereof that are closed to new participants), generally, including, without limitation, all pension, retirement, profit sharing, savings, medical, hospitalization, disabi...lity, dental, life or travel accident insurance benefit plans, to the extent Executive is eligible under the terms of such plans. Executive's participation in such plans, practices and programs shall be on the same basis and terms as are applicable to employees of the Company generally. (b) Executive Benefits. During is responsible for any taxes (other than taxes that are the Employment Term, Company's responsibility) that may be due based upon the value of the benefits provided. For the avoidance of doubt, Executive shall not be entitled to participate in such executive benefit plans maintained by the Company and made available to senior executives any excise tax gross-up under Section 280G or Section 4999 of the Company generally, on the same basis and terms Internal Revenue Code of 1986, as are applicable to such senior executives generally. No additional compensation provided under amended (the "Code") (or any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement successor provision), or any of Executive's entitlements hereunder. (c) other tax gross-up. (b) Business Expenses. Upon submission of proper invoices in accordance with the Company's policies, normal procedures, Executive shall be entitled to receive prompt reimbursement of all reasonable out-of-pocket business, entertainment and travel expenses incurred by Executive in connection with the performance of Executive's duties hereunder and otherwise incurred in accordance with the Company's travel and entertainment policy in effect from time to time. hereunder. Such reimbursement shall be made as soon as practicable and in no event later than the end of the calendar year following the calendar year in which the expenses were incurred. (d) (c) Office and Facilities. During the Employment Term, Executive shall be provided with an appropriate office at the Company's headquarters, office, with such secretarial and other support facilities as are commensurate with Executive's status with the Company and its affiliates, which facilities shall be adequate for the performance of Executive's duties hereunder. (d) Relocation Assistance. In the event Executive is required to relocate to the Chestnut Ridge, New York area, the Company will provide Executive with 3 relocation assistance in accordance with the terms of the Company's relocation policy for Executive's covered expenses incurred within 18 months following the Effective Date. Such relocation assistance shall include reimbursement for reasonable expenses incurred by Executive for temporary housing or lodging in the vicinity of the Company's offices (so long as such expenses are incurred prior to relocation), in an amount not to exceed $5,000 per month for a maximum of 6 months, covered expenses related to the purchase of a new home and other moving costs related to shipment of household goods covered under the Company's relocation policy. As part of such relocation assistance, Executive will be required (and agrees) to sign a repayment agreement outlining the terms under which relocation and related reimbursements will be repayable to the Company. (e) Paid Time Off (PTO). Vacation and Sick Leave. Executive shall be entitled, without loss of pay, to absent himself voluntarily, for illness, vacation or other reasons, voluntarily from the performance of Executive's employment under this Agreement. Agreement, pursuant to the following: (i) Executive shall be entitled to annual vacation in accordance with the vacation policies of the Company as in effect from time to time, which shall in no event be less than four weeks per year; and (ii) Executive shall be entitled to sick leave (without loss of pay) in accordance with the Company's policies as in effect from time to time. View More
Other Benefits. During the Employment Term: (a) Employee Benefits. During the Employment Term and any renewals, Executive shall be entitled to participate in all employee benefit plans, practices and programs maintained by the Company Company, and made available to employees of the Company generally (other than generally, including, without limitation, all pension, retirement, profit sharing, savings, medical, hospitalization, disability, dental, life or travel accident insurance benefit plans in effect on the ...date hereof that are closed to new participants), to the extent Executive is eligible under accordance with the terms of such plans. the plans as in effect from time to time. Executive's participation in such plans, practices and programs shall be on the same basis and terms as are applicable to employees senior executives of the Company generally. (b) Executive Benefits. During the Employment Term, Executive shall be entitled to participate in such all executive benefit or incentive compensation plans now maintained or hereafter established by the Company and made available for the purpose of providing compensation and/or benefits to senior executives comparable executive employees of the Company generally, as in effect from time to time, including, but not limited to, the Company's deferred compensation plans and any supplemental retirement, deferred compensation, supplemental medical or life insurance. Unless otherwise provided herein, Executive's participation in such plans shall be on the same basis and terms terms, as are applicable to such other senior executives generally. of the Company. 5 No additional compensation provided under any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of Executive's entitlements hereunder. hereunder and the Company shall be under no obligation to implement or maintain any such plan. The parties agree and acknowledge that Executive may make payments and contributions in certain deferred compensation plans maintained by and through the Company. (c) Fringe Benefits and Perquisites. Executive shall be entitled to all fringe benefits and perquisites generally made available by the Company to its senior executives. (d) Business Expenses. Upon submission of proper invoices in accordance with with, and subject to, the Company's policies, normal policies and procedures, Executive shall be entitled to receive prompt reimbursement of all reasonable out-of-pocket business, entertainment and travel expenses (including travel in first-class) incurred by Executive him in connection with the performance of Executive's his duties hereunder and otherwise incurred in accordance with the Company's travel and entertainment policy in effect from time to time. hereunder. Such reimbursement shall be made as soon as practicable and in no event occur later than the end March 15 of the calendar year following the calendar year in which the expenses were incurred. (d) (e) Office and Facilities. During the Employment Term, Executive shall be provided with an appropriate permanent office at the Company's headquarters, and with such permanent secretarial and other support facilities as are commensurate with Executive's status with the Company and Company, which facilities shall be adequate for the performance of Executive's his duties hereunder. (e) Paid Time Off (PTO). (f) Vacation and Sick Leave. Executive shall be entitled, without loss of pay, to absent himself voluntarily, for illness, vacation or other reasons, voluntarily from the performance of Executive's his employment under this Agreement. Agreement, pursuant to the following: (1) Executive shall be entitled to annual vacation in accordance with the policies as periodically established for senior executives of the Company, which shall in no event be less than four weeks per year; (2) in addition to the aforesaid paid vacations, Executive shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment for such additional periods of time and for such valid and legitimate reasons as the Board in its discretion may determine. Further, the Board shall be entitled to grant to Executive a leave or leaves of absence with or without pay at such time or times and upon such terms and conditions as it may in its discretion determine; and 6 (3) Executive shall be entitled to sick leave (without loss of pay) in accordance with the Company's policies as in effect from time to time. (g) Travel Expenses. Executive shall be able to use the Company aircraft for personal travels, in accordance with, and subject to the requirements of, the Company's aircraft policies from time to time. View More
Other Benefits. Executive shall be entitled to four (4) weeks paid vacation for each full year of employment during the Employment Term (the timing of vacations to be subject to the reasonable approval of the Chief Executive Officer) and to participate in such benefit plans and arrangements and receive other benefits on terms consistent with other officers of the Company at the same level as Executive (including short- and long-term disability insurance, 401(k) plan, hospital, major medical insurance, dental an...d group life insurance plans in accordance with the terms of such plans), all as determined from time to time by the Board (the "Benefit Plans"). Executive shall not be entitled to rollover or otherwise accumulate unused vacation days from year-to-year without the prior consent of the Board.View More
Other Benefits. Executive shall be entitled to four (4) weeks paid vacation for each full calendar year, beginning with calendar year of employment during the Employment Term 2015 (the timing of vacations to be subject to the reasonable approval of the Chief Executive Officer) Officer), and to participate in such benefit plans and arrangements and receive other benefits on terms consistent with other officers of the Company at the same level as Executive (including short- and long-term disability insurance, 401...(k) plan, hospital, major medical insurance, dental and group life insurance plans in accordance with the terms of such plans), all as determined from time to time by the Board (the "Benefit Plans"). During the Employment Term, the Company shall provide a car allowance of $384.61 per week payable in equal installments at the same time Executive receives her salary. During the Employment Term, the Company also agrees to provide Executive on a fully grossed-up basis, a housing allowance of $5,800 per month. Executive shall not be entitled to rollover or otherwise accumulate unused vacation days from year-to-year without the prior consent of the Board. Chief Executive Officer, such consent not to be unreasonably withheld. View More
Other Benefits. Nothing in this Agreement or the Release shall: (a) alter or reduce any vested, accrued benefits (if any) Executive may be entitled to receive under any 401(k) plan established by Company; (b) affect Executive's right (if any) to elect and (subject to Section 4(a)(ii) above) pay for continuation of Executive's health insurance coverage under Company's health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (C.O.B.R.A. ), as amended; (c) affect Executive's right (if an...y) to receive (i) any base salary that has accrued through the Termination Date and is unpaid, (ii) any reimbursable expenses that Executive has incurred before the Termination Date but are unpaid (subject to Company's expense reimbursement policy) and (iii) any unused paid time off days to which Executive will be entitled to payment, all of which shall be paid as soon as administratively practicable (and in any event within thirty (30) days) after the Termination Date; or (d) affect Executive's right to continue to receive his base salary and benefits through the Termination Date, as in effect as of the date hereof, which base salary and benefits will continue through the Termination Date, except with respect to any changes in benefits that are applicable generally to the other executives of Company.View More
Other Benefits. Nothing in this Agreement or the Release shall: (a) alter or reduce any vested, accrued benefits (if any) Executive may be entitled to receive under any 401(k) plan established by Company; (b) affect Executive's right (if any) to elect and (subject to Section 4(a)(ii) 4(a)(iii) above) pay for continuation of Executive's health insurance coverage under Company's health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (C.O.B.R.A. ), as amended; or (c) affect Executive's... right (if any) to receive (i) any base salary that has accrued through the Termination Date and is unpaid, (ii) any accrued bonus for the prior fiscal year that is earned and unpaid, (iii) any reimbursable expenses that Executive has incurred before the Termination Date but are unpaid (subject to the Company's expense reimbursement policy) and (iii) (iv) any unused paid time off days to which Executive will be entitled to payment, all of which shall be paid as soon as administratively practicable (and in any event within thirty (30) days) after the Termination Date; or (d) affect Executive's right to continue to receive his base salary and benefits through the Termination Date, as in effect as of the date hereof, which base salary and benefits will continue through the Termination Date, except with respect to any changes in benefits that are applicable generally to the other executives of Company. Date. View More
Other Benefits. Nothing in this Agreement or the Release shall: (a) alter or reduce any vested, accrued benefits (if any) Executive may be entitled to receive under any 401(k) plan established by Company; (b) affect Executive's right (if any) to elect and (subject to Section 4(a)(ii) above) pay for continuation of Executive's health insurance coverage under Company's health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (C.O.B.R.A. ), as amended; (c) affect Executive's right (if an...y) to receive (i) any base salary that has accrued through the Termination Date and is unpaid, (ii) any bonus for 2012 that has been earned but is unpaid, (iii) any reimbursable expenses that Executive has incurred before the Termination Date but are unpaid (subject to the Company's expense reimbursement policy) and (iii) (iv) any unused paid time off days to which Executive will be entitled to payment, all of which shall be paid as soon as administratively practicable (and in any event within thirty (30) days) after the Termination Date; Date (except for the bonus earned for 2012 which will be paid at the same time it otherwise would be paid had Executive continued employment); or (d) affect Executive's right to continue to receive his her base salary and benefits through the Termination Date, as in effect as of the date hereof, which base salary and benefits will continue through the Termination Date, except with respect to any changes in benefits that are applicable generally to the other executives of Company. View More
Other Benefits. You will be entitled to receive the standard employee benefits made available by the Company to its employees to the full extent of your eligibility. You shall be eligible for 16 Paid Time Off (PTO) days per calendar year consistent with the Company's PTO Policy. During your employment, you shall be permitted, to the extent eligible, to participate in any group medical, dental, life insurance and disability insurance plans, or similar benefit plan of the Company that is available to employees ge...nerally. Participation in any such plan shall be consistent with your rate of compensation to the extent that compensation is a determinative factor with respect to coverage under any such plan. You have 31 days from your date of hire to complete your Benefits enrollment forms online. Benefits eligibility begins on the first of the month following your date of hire with the Company (this excludes short-term disability insurance which begins 90 days after the first day of your employment). The Company shall reimburse you for all reasonable expenses actually incurred or paid by you in the performance of your services on behalf of the Company, upon prior authorization and approval in accordance with the Company's expense reimbursement policy as from time to time in effect.View More
Other Benefits. You will continue to be entitled to receive the standard employee benefits made available by the Company to its employees to the full extent of your eligibility. You shall will be eligible for 16 Paid Time Off (PTO) days per calendar year entitled to vacation consistent with the Company's PTO Policy. vacation policy. During your employment, you shall will be permitted, to the extent eligible, to participate in any group medical, dental, life insurance and disability insurance plans, or similar b...enefit plan of the Company that is available to employees generally. Participation in any such plan shall will be consistent with your rate of compensation to the extent that compensation is a determinative factor with respect to coverage under any such plan. You have 31 days from your date of hire to complete your Benefits enrollment forms online. Benefits eligibility begins on the first of the month following your date of hire with the Company (this excludes short-term disability insurance which begins 90 days after the first day of your employment). The Company shall will reimburse you for all reasonable expenses actually incurred or paid by you in the performance of your services on behalf of the Company, upon prior authorization and approval in accordance with the Company's expense reimbursement policy as from time to time in effect. View More
Other Benefits. Upon separation of employment, you may be eligible for payout or benefits under the following policies, compensation plans and benefit plans, even if you do not sign this Agreement: a. Group Health Insurance. If you participate in or are eligible to participate in the ServiceMaster Health and Welfare Benefit Plan, your eligibility to participate will end on your Separation Date. You will become eligible for continuation of coverage under COBRA on the first day following your Separation Date. You... are solely responsible for the payment of any premiums for COBRA coverage. b. Vacation Time. You will receive payment for any accrued, unused vacation time on or before the next pay date following your Separation Date. c. PSRP. If you participate in the ServiceMaster Profit Sharing and Retirement Plan ("PSRP"), your eligibility to participate will end on your Separation Date. Any Company match credited to your account will follow the PSRP's vesting schedules. Any amounts to be paid, distributed, rolled over, or held under the PSRP will be paid, distributed, rolled over, or held in accordance with the terms of the PSRP and applicable rules and regulations. d. DCP. If you participate in the ServiceMaster Deferred Compensation Plan ("DCP"), your eligibility to participate in the DCP will end on your Separation Date. Any amounts to be paid, distributed or held under the terms of the DCP will be paid, distributed or held in accordance with the terms of the DCP and applicable rules and regulations. e. Performance Restricted Stock Unit Agreement. In accordance with, and subject to, the terms and conditions of your Performance Restricted Stock Unit Agreement, you will receive prorated vesting of your Performance Shares based on your Separation Date. Any unvested Performance Shares shall be forfeited. f. Stock Plans. If you participate in any ServiceMaster stock plans, including the ServiceMaster Employee Stock Purchase Plan, the Amended and Restated ServiceMaster Global Holdings, Inc. Stock Incentive Plan, as amended and restated as of October 25, 2012 ("MSIP"), the Amended and Restated ServiceMaster Global Holdings, Inc. 2014 Omnibus Incentive Plan, as amended and restated as of April 27, 2015, and/or the ServiceMaster Global Holdings, Inc. Employee Stock Purchase Plan, any account balances, stock options, restricted stock units or other equity owned by you as of your Separation Date are subject to the terms and conditions of the applicable stock plans. This Agreement does not change the terms of those plans.View More
Other Benefits. Upon separation of employment, you may be eligible for payout or benefits under the following policies, compensation plans and benefit plans, even if you do not sign this Agreement: a. Group Health Insurance. If you participate in or are eligible to participate in the ServiceMaster Health and Welfare Benefit Plan, your eligibility to participate will end on your Separation Date. You will become eligible for continuation of coverage under COBRA on the first day following your Separation Date. You... are solely responsible for the payment of any premiums for COBRA coverage. b. Unused Vacation Time. You will receive payment for any accrued, unused vacation time on or before the next pay date following through your Separation Date. Date in accordance with ServiceMaster's normal payroll practices. c. PSRP. If you participate in the ServiceMaster Profit Sharing and Retirement Plan ("PSRP"), your eligibility to participate will end on your Separation Date. Any Company match credited to your account will follow the PSRP's vesting schedules. Any amounts Subject to be paid, distributed, rolled over, or held under the PSRP terms and conditions of the PSRP, any balance in your account will be paid, distributed, rolled over, or held distributed in accordance with the terms of the PSRP and applicable rules and regulations. your prior elections. d. DCP. If you participate in the ServiceMaster Deferred Compensation Plan ("DCP"), your eligibility to participate in the DCP will end on your Separation Date. Any amounts Subject to be paid, distributed or held under the terms and conditions of the DCP DCP, any balance in your account will be paid, distributed or held in accordance with the terms of the DCP and applicable rules and regulations. your prior elections. e. Performance Restricted Stock Unit Agreement. In accordance with, and subject to, the terms and conditions of your Performance Restricted Stock Unit Agreement, you will receive prorated vesting of Agreement "PRSU Agreement"), your Performance Shares based will vest on the date of the Spin-off. This Agreement does not change the terms of your Separation Date. Any unvested Performance Shares shall be forfeited. PRSU Agreement. f. Stock Plans. If you participate in any ServiceMaster stock plans, including the ServiceMaster Employee Stock Purchase Plan, the Amended and Restated ServiceMaster Global Holdings, Inc. Stock Incentive Plan, as amended and restated as of October 25, 2012 ("MSIP"), the Amended and Restated ServiceMaster Global Holdings, Inc. 2014 Omnibus Incentive Plan, as amended and restated as of April 27, 2015, and/or the ServiceMaster Global Holdings, Inc. Employee Stock Purchase Plan, any account balances, stock options, restricted stock units or other equity owned by you as of your Separation Date are subject to the terms and conditions of the applicable stock plans. This Agreement does not change the terms of those plans. View More
Other Benefits. The Executive shall be entitled to receive those stock options under the Company's Equity Incentive Plan as specified in Schedule A hereto. Any additional option grants to the Executive shall be at the option of the Board. (b) Insurance and Other Benefits. During the Employment Period, the Executive and the Executive's dependents shall be entitled to participate in the Company's insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the "Bene...fits"). The Executive shall be entitled to paid personal days on a basis consistent with the Company's other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control. (c) Vacation. During the Employment Period, the Executive shall be entitled to an annual vacation of at least that number of working days set forth on Schedule A hereto. (d) Expense Reimbursement. The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses incurred or paid by the Executive during the Employment Period in the performance of Executive's services under this Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company may from time to time reasonably request.View More
Other Benefits. The Executive shall be entitled to receive those a number of restricted stock options units ("Restricted Stock Units") as set forth on Schedule A hereto, issuable under the Company's 2018 Equity Incentive Plan Plan, which will vest annually in one-third increments commencing on the first anniversary date of the grant of Restricted Stock Units, in accordance with the terms of a separate Restricted Stock Unit Award Agreement, a form of which is attached hereto as specified in Schedule A hereto. Ex...hibit A. Any additional option grants equity awards to the Executive shall be at the option of the Board. (b) Restrictions. Any and all shares of stock, options, restricted stock units and other equity awards granted to or owned by the Executive will be subject to the share ownership guidelines and insider trading and blackout policies adopted from time to time by the Board of Directors for senior executives of the Company and will also be subject to applicable holding periods and transaction reporting requirements under applicable securities laws. (c) Insurance and Other Benefits. During the Employment Period, the Executive and the Executive's dependents shall be entitled to participate in the Company's any Company insurance programs and any ERISA applicable benefit plans, as the same may be adopted and/or amended from time to time (the "Benefits"). The Executive shall be bound by all of the policies and procedures relating to Benefits established by the Company from time to time. (d) Vacation; Personal Days. During the Employment Period, the Executive shall be entitled to an annual vacation of 30 working days, such duration consistent with the Company's policies from time to time, as determined by the Board. The Executive shall be entitled to paid personal days on a basis consistent with the Company's other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control. (c) Vacation. During the Employment Period, the Executive shall be entitled to an annual vacation of at least that number of working days set forth on Schedule A hereto. (d) 3 (e) Expense Reimbursement. The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses ("Reimbursable Expenses") incurred or paid by the Executive during the Employment Period in the performance of Executive's services under this Agreement, Agreement on a basis consistent with the Company's other senior executives, as determined by the Board, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code and/or other taxing authorities in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company may from time to time reasonably request. View More
Other Benefits. The In consideration of his engagement hereunder, the Executive shall be entitled to receive those stock options under shares of the Company's Equity Incentive Plan restricted common stock as specified in Schedule A hereto. Any additional option (b) Stock Options. Within 120 days of the date of this Agreement, the Company shall authorize and approve a 2018 Equity Incentive Plan (the "Plan") from which stock options and/or other equity grants may be issued to the Executive shall be at Executive, ...other Company employees and Company advisors or consultants as performance bonuses or as otherwise provided in the option of the Board. (b) Plan. (c) Insurance and Other Benefits. During the Employment Period, the Executive and the Executive's dependents shall be entitled to participate in the Company's insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the "Benefits"). The Executive shall be entitled to paid personal days on a basis consistent with the Company's other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control. (c) (d) Vacation. During the Employment Period, the Executive shall be entitled to an annual vacation of at least that number of working days set forth on Schedule A hereto. (d) (e) Expense Reimbursement. The Company shall reimburse the Executive for all reasonable business, promotional, travel and entertainment expenses incurred or paid by the Executive during the Employment Period in the performance of Executive's services under this Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the Internal Revenue Code in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting as the Company may from time to time reasonably request. View More
Other Benefits. The amount of any compensation deemed to be received by you as a result of the receipt, vesting or exercise of this Option will not constitute "earnings" with respect to any other benefits provided to you by the Company or an affiliate, including without limitation benefits under any pension, profit sharing, life insurance or salary continuation plan.
Other Benefits. The amount of any compensation deemed to be received by you as a result of the receipt, receipt or vesting or exercise of this Option Restricted Stock Award will not constitute "earnings" with respect to any other benefits provided to you by the Company or an affiliate, including without limitation benefits under any pension, profit sharing, life insurance or salary continuation plan.
Other Benefits. (a) Bonuses. Executive will qualify to participate in the Company's incentive bonus program. The Executive's target bonus amount (the "Target Bonus"), tied to set performance goals and measures, is 40% of Executive's Base Salary; provided however, that the Company reserves the right to change or terminate any bonus program at any time in the Board's sole discretion. (b) Benefits Plans. Executive shall be entitled to participate in all health insurance, savings and retirement, and other benefit p...lans, if any, that are from time to time applicable to other employees of the Company. (c) Vacation and Personal Days. Executive shall be entitled to five (5) weeks of paid vacation time per year and three (3) paid personal days per year, in accordance with the plans, practices, policies, and programs agreed to by Company. Notwithstanding the foregoing, Executive shall be entitled to two (2) paid personal days in 2016. (d) Expense Reimbursement. Executive shall be entitled to receive reimbursement for all reasonable employment-related expenses incurred by Executive upon the receipt by the Company of an accounting in accordance with practices, policies and procedures applicable to other employees of the Company. (e) Equity Grant. On the Effective Date, Executive will receive an inducement grant in the form of an option on 140,000 shares of the Company's common stock (the "Option") which shall not be granted pursuant to the Recro Pharma, Inc. Amended and Restated Equity Incentive Plan (the "Plan"). The Option shall be subject to the following: (i) One forty-eighth of the Option shall vest on each monthly anniversary of the Effective Date, provided that Executive is still employed on such date. (ii) If Executive's employment is terminated under circumstances described in Section 10(a)(iii) within the period that ends twelve months after a Change of Control (as defined in the Plan) or in Section 10(a)(v), the Option, to the extent not already vested as a result of the Change of Control, shall be vested in full. (iii) The term of the Option shall be ten years. In addition to the Option, Executive shall be eligible for a regular annual option grant (with such eligibility determined on the same basis as other senior executives, in the discretion of the Board) for other grants under the Plan, or any other equity or long-term incentive plan adopted by the Company. The terms of any such grants shall be determined in the discretion of the Board. All stock options granted to Executive shall be incentive stock options to the fullest extent permitted by law.View More
Other Benefits. (a) Bonuses. Executive will qualify to participate in the Company's incentive bonus program. The Executive's target bonus amount (the "Target Bonus"), tied to set performance goals and measures, is 40% 35% of Executive's Base Salary; provided however, that the Company reserves the right to change or terminate any bonus program at any time in the Board's sole discretion. (b) Benefits Plans. Executive shall be entitled to participate in all health insurance, savings and retirement, and other benef...it plans, if any, that are from time to time applicable to other employees of the Company. (c) Vacation and Personal Days. Executive shall be entitled to five (5) four (4) weeks of paid vacation time per year and three (3) paid personal days per year, in accordance with the plans, practices, policies, and programs agreed to by Company. Notwithstanding the foregoing, Executive shall be entitled to two (2) paid personal days in 2016. President and/or the Board. (d) Expense Reimbursement. Executive shall be entitled to receive reimbursement for all reasonable employment-related expenses incurred by Executive upon the receipt by the Company of an accounting in accordance with practices, policies and procedures applicable to other employees of the Company. (e) Equity Grant. On As soon as practical following the Effective Date, Executive will receive an inducement grant Inducement Grant in the form of an option on 140,000 91,000 shares of the Company's common Company stock (the "Option") "Option"), which Option shall not either be granted pursuant to to, or be substantially in the form of a grant pursuant to, the Recro Pharma, Inc. Amended and Restated 2013 Equity Incentive Plan (the "Plan"). The Option shall be "Plan"), subject to the following: (i) One forty-eighth of the Option shall vest on each monthly anniversary of the Effective Date, provided that Executive is still employed on such date. (ii) If Executive's employment is terminated under circumstances described in Section 10(a)(iii) within the period that ends twelve months after a Change of Control (as defined in the Plan) or in Section 10(a)(v), the Option, to the extent not already vested as a result of the Change of Control, shall be vested in full. (iii) The term of the Option shall be ten years. In addition to the Option, Executive shall be eligible for a regular annual option grant (with such eligibility determined on the same basis as other senior executives, in the discretion of the Board) for other grants under the Plan, or any other equity or long-term incentive plan adopted by the Company. The terms of any such grants shall be determined in the discretion of the Board. All stock options granted to Executive shall be incentive stock options to the fullest extent permitted by law.View More
