Other Benefits Clause Example with 5 Variations from Business Contracts

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. (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 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, disability, 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. Executive is responsible for any taxes (other than taxes that are the Company's responsibility) that may be due based upon the value of the benefits provided. (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 or its affiliates for the purpose of providing compensation and/or benefits to senior executives comparable executive employees of the Company generally, including, but not limited to, the Company's deferred compensation plans and any supplemental retirement, deferred compensation, 3 supplemental medical or life insurance or other bonus or incentive compensation plans. 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. 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. Executive is responsible for any taxes (other than taxes that are the Company's responsibility) that may be due based upon the value of the benefits provided. (c) Fringe Benefits and Perquisites. During the Employment Term, Executive shall be entitled to all fringe benefits and perquisites generally made available by the Company or its affiliates to its senior executives in accordance with current Company policy. For the avoidance of doubt, Executive shall not be entitled to any excise tax gross-up under Section 280G or Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code") (or any successor provision), or any other tax gross-up. (d) Housing Assistance. During the Employment Term, in connection with Executive's provision of services in Malvern, Pennsylvania, Endo shall provide corporate housing (or pay on Executive's behalf the reasonable expenses incurred by Executive for housing or lodging) that is reasonably acceptable to Executive in the vicinity of the Company's U.S. headquarters in an amount not to exceed $5,000 per month. Executive is responsible for all taxes incurred in connection with the provision of housing assistance and the Company may withhold amounts in respect of such taxes owed in accordance with applicable law. (e) 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 (including travel in first-class) 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) (f) Office and Facilities. During the Employment Term, Executive shall be provided with an appropriate office offices at the Company's headquarters, Chestnut Ridge, New York location and the Company's U.S. headquarters in Malvern, Pennsylvania, 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. (e) Paid Time Off (PTO). (g) 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; vacation must be taken at such time or times as approved by the Board; and 4 (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. (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) (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 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