Other Benefits Contract Clauses (465)
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. The Executive shall be entitled to twenty (20) days of paid time off (in addition to the usual national holidays) during each contract year during which he serves hereunder ("Paid Time Off"). Paid Time Off not taken during a calendar year may not be carried forward in the next contract year unless otherwise provided in the Benefit Plans or by written Company policy, as from time to time implemented and updated.
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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"),
if any such plans should be offered by the Company in the future, 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. Executive's participation in incentive, employee stock option, stock purchase and similar programs shall be determined by the Company's board of directors following the Company's pending merger with Dataram Corporation. The Executive shall be entitled to twenty (20) 10 days of paid time off (in addition to the usual national holidays) during each contract year during which he serves hereunder ("Paid Time Off"). Paid Time Off not taken during a calendar year may not be carried forward in the next contract year unless otherwise provided in the Benefit Plans or by written Company policy, as from time to time implemented and updated.
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Other Benefits. 6.1. Benefits. The Executive shall be eligible to participate in such medical, dental, disability, retirement, life insurance, and other employee benefits on the same basis as may be provided to other similarly-situated employees of the Employer in addition to the benefits otherwise provided herein. As to all other benefits to which the Executive may be entitled in parity with all other employees, such benefits may be created, changed, or terminated from time to time in the Employer's sole discr
...etion. 6.2. Vacation. The Executive shall be entitled to (a) five (5) weeks of paid vacation and (b) reasonable sick leave benefits consistent with the Employer's sick leave policies. 6.3. Additional Benefits. The Company further agrees to provide Executive with a stipend at an annual rate of Fifteen Thousand Dollars ($15,000) (payable monthly during the Term) for all costs associated with the purchase or leasing of a motor vehicle (including all maintenance, insurance, and gas costs). Employer shall also pay the cost of all dues associated with Executive's membership in area golf, yacht, or tennis clubs as well as the cost of the reasonable travel expenses associated with Executive's spouse's attendance at business conferences with Executive, with the value of such benefits imputed to the Executive according to applicable tax requirements. 7 6.4. Reimbursements. The Employer shall reimburse the Executive for all ordinary and necessary business expenses described in Code Section 62(a)(2)(A) which are incurred by the Executive in the performance of his duties hereunder and which are subject to reimbursement in accordance with the Employer's policies; provided, however, that: (i) such expenses shall be reimbursed no later than the end of the calendar year following the calendar year in which the expenses were incurred, with the expectation that such amounts shall be reimbursed by the end of the calendar month following the year in which the expenses were incurred; (ii) the amount of such expenses eligible for reimbursement in one calendar year cannot affect the amount of such expenses eligible for reimbursement in another calendar year; and (iii) the right to reimbursement is not subject to liquidation or exchange for another benefit.
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Other Benefits. 6.1. Benefits. The Executive shall be eligible to participate in such medical, dental, disability, retirement, life insurance, and other employee benefits on the same basis as may be provided to other similarly-situated employees of the
Employer in addition to the benefits otherwise provided herein. Employer. As to all other benefits to which the Executive may be entitled in parity with all other employees, such benefits may be created, changed, or terminated from time to time in the Employer's
...sole discretion. 6.2. Vacation. The Executive shall be entitled to (a) five (5) weeks of reasonable paid vacation vacations and (b) reasonable sick leave benefits consistent with the Employer's vacation and sick leave policies. 6.3. New Hire and Relocation. "The Employer will pay the Executive a signing bonus in the total sum of $100,000, minus all applicable tax withholding and other deductions, to cover the entire Executive's moving and relocation expenses. The signing bonus shall be paid out to the Executive on the Employer's first or second regular payroll date following the Executive's execution and delivery to the Employer of this Agreement and the Effective Date. The Executive promises and agrees to, and shall, promptly reimburse the Employer for the full amount of the signing bonus in the event the Executive voluntarily terminates or resigns her employment with the Employer without Good Reason during the initial Term of the Agreement. In addition, the Employer shall provide housing assistance to the Executive in the form of the use of a condominium unit owned by the Company in Ellsworth, Maine, for a period of up to six (6) months, subject to renewal for up to six (6) additional months upon reasonable notice from the Executive to the Employer (with the value of any such benefit imputed to the Executive according to applicable tax requirements). 6.4. Additional Benefits. The Company Employer further agrees to provide the Executive with a stipend monthly car allowance, initially set at an annual rate $833.00 (pro-rated for any partial months), in accordance with the policies of Fifteen Thousand Dollars ($15,000) (payable monthly during the Term) Employer for its similarly situated executive employees (which amount and policies may be amended by the Employer from time to time), for all costs associated with the purchase or leasing lease of a motor vehicle (including all lease, maintenance, insurance, gas and gas costs). other charges or expenses). The Employer shall also pay the cost of all dues associated with the Executive's membership in to an area golf, yacht, or tennis clubs club as well as the cost of the 7 reasonable travel expenses associated with the Executive's spouse's attendance at business conferences with the Executive, with the value of such benefits imputed to the Executive according to applicable tax requirements. 7 6.4. Between the Effective Date and the first day of the month next following thirty (30) days from the Effective Date, the Employer shall also reimburse the Executive for her share of costs for continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), if any. 6.5. Reimbursements. The Employer shall reimburse the Executive for all ordinary and necessary business expenses described in Code Section 62(a)(2)(A) which are incurred by the Executive in the performance of his her duties hereunder and which are subject to reimbursement in accordance with the Employer's policies; expense reimbursement policy, as in effect from time to time; provided, however, that: (i) such expenses shall be reimbursed no later than the end of the calendar year following the calendar year in which the expenses were incurred, with the expectation that such amounts shall be reimbursed by the end of the calendar month following the year in which the expenses were incurred; (ii) the amount of such expenses eligible for reimbursement in one calendar year cannot affect the amount of such expenses eligible for reimbursement in another calendar year; and (iii) the right to reimbursement is not subject to liquidation or exchange for another benefit.
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Other Benefits. No Award payment under this Plan shall be deemed compensation for purposes of computing benefits under any retirement plan of the Corporation or its Affiliates nor affect any benefits under any other benefit plan now or subsequently in effect under which the availability or amount of benefits is related to the level of compensation.
Other Benefits.
No The Award
payment under this Plan shall
not be deemed compensation for purposes of computing benefits under any retirement plan of the
Corporation Company or its Affiliates
nor or shall affect any benefits under any other benefit plan now or subsequently in effect under which the availability or amount of benefits is related to the level of
compensation. compensation, unless expressly provided to the contrary in such benefit plan.
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Other Benefits. (a) Retirement Benefits. During the Employment Term, Executive shall be provided with the opportunity to participate in the Employer's qualified 401(k) plan and profit sharing and non-qualified deferred compensation plans (if any), as they may exist from time to time, in each case, in accordance with the terms of such plans. (b) Welfare Benefits; Vacation. During the Employment Term, Executive shall be provided with the opportunity to participate in the Employer's medical plan and other employee
... welfare benefits on a comparable basis as such benefits are generally provided by the Employer from time to time to Employer's other executives, in each case, in accordance with the terms of such plans. Executive shall be entitled to three (3) weeks of paid vacation each year during the Employment Term. (c) Indemnification. Employer shall indemnify and hold harmless Executive from and against any loss, cost, damage, expense, or liability incurred by Executive for any action taken by Executive in the scope of Executive's employment for the Employer, provided such action (i) is within the scope, duties, and authority of Executive, (ii) is not in willful violation of any law, regulation, or code of conduct adopted by the Employer, and (iii) does not constitute gross negligence or intentional misconduct by Executive. The obligations of Employer under this Section 6(c) shall survive the termination of this Agreement. (d) Reimbursement of Business Expenses. During the Employment Term, all reasonable business expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by the Employer upon receipt of documentation of such expenses in a form reasonably acceptable to the Employer, and otherwise in accordance with the Employer's expense reimbursement policies. (e) Vehicle. Employer shall provide Executive with the use of a vehicle suitable for the intended duties of the Executive.
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Other Benefits. (a) Retirement Benefits. During the Employment Term, Executive shall be provided with the opportunity to participate in the Employer's qualified 401(k)
plan and profit sharing
plan and non-qualified deferred compensation
plans plan (if any), as they may exist from time to time, in each case, in accordance with the terms of such plans. (b) Welfare
Benefits; Vacation. Benefits. During the Employment Term, Executive shall be provided with the opportunity to participate in the Employer's medical pla
...n and other employee welfare benefits on a comparable basis as such benefits are generally provided by the Employer from time to time to the Employer's other executives, in each case, in accordance with the terms of such plans. Executive shall be entitled to three (3) weeks of paid vacation each year during the Employment Term. (c) Indemnification. Subject to the Employer's Limited Liability Company Agreement, Employer shall indemnify and hold harmless Executive from and against any loss, cost, damage, expense, or liability incurred by Executive for any action taken by Executive in the scope of Executive's employment for the Employer, provided such action (i) is within the scope, duties, and authority of Executive, (ii) is not in willful violation of any law, regulation, or code of conduct adopted by the Employer, and (iii) does not constitute gross negligence or intentional misconduct by Executive. The obligations of Employer under this Section 6(c) 5(c) shall survive the termination of this Agreement. If there is any conflict between this Section 5(c) and the Employer's Limited Liability Company Agreement, the Employer's Limited Liability Company Agreement shall control, provided however, that no revision to the Employer's limited liability company agreement may effect any diminishment to the Employer's indemnification obligations hereunder as they exist on the date hereof. (d) Reimbursement of Business Expenses. During the Employment Term, all reasonable business expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by the Employer upon receipt of documentation of such expenses in a form reasonably acceptable to the Employer, and otherwise in accordance with the Employer's expense reimbursement policies. Any reimbursement of any costs and expenses by the Employer to Executive under this Agreement shall be made by the Employer in no event later than the close of Executive's taxable year following the taxable year in which the cost or expense 2 is incurred by Executive. The expenses incurred by Executive in any calendar year that are eligible for reimbursement under this Agreement shall not affect the expenses incurred by Executive in any other calendar year that are eligible for reimbursement hereunder and Executive's right to receive any reimbursement hereunder shall not be subject to liquidation or exchange for any other benefit. (e) Vehicle. The Employer shall provide Executive with the continued use of a the vehicle previously made available to Executive, or in the event such vehicle becomes inoperable, another vehicle suitable for the intended duties of the Executive.
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Other Benefits. Except as provided below, nothing contained in this Agreement shall affect the Participant's right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance or other employee welfare plan or program of the Company or any Subsidiary. 7 14. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.
Other Benefits. Except as provided below, nothing contained in this Agreement shall affect the Participant's right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance or other employee welfare plan or program of the Company or any Subsidiary. 7
14. 10. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.
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Other Benefits. Except as provided below, nothing contained in this Agreement shall affect the Participant's right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance or other employee welfare plan or program of the Company or any Subsidiary.
Other Benefits. Except as provided below, nothing contained in this Agreement shall affect the Participant's right to participate in and receive benefits under and in accordance
3 with the then current provisions of any pension, insurance or other
employee Participant welfare plan or program of the Company or any Subsidiary.
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Other Benefits. The Executive shall be entitled to the following additional benefits: (a) two (2) weeks of paid vacation during each year of the term; it being understood and agreed that Executive shall be entitled to take such additional paid vacation time as does not interfere with the performance of his duties hereunder and as are not reasonably objected to by the Company's Board of Directors. (b) Paid holidays in accordance with the Company's usual holiday schedule. (c) Such major medical and dental coverag
...e benefits and long-term disability group plan coverage generally available to the Company's officers. To the extent the Executive qualifies, the Executive may participate in, or benefit under, any employee benefit plan, arrangement or perquisite made available by the Company to its key executives. (d) The Company shall reimburse the Executive for such ordinary and necessary business-related expenses as shall be incurred by the Executive in the course of the performance of his duties under this Agreement.
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Other Benefits. The Executive shall be entitled to the following additional benefits:
2 (a)
two (2) four (4) weeks of paid vacation during each year of the term; it being understood and agreed that Executive shall be entitled to take such additional paid vacation time as does not interfere with the performance of his duties hereunder and as are not reasonably objected to by the Company's Board of Directors. (b) Paid holidays in accordance with the Company's usual holiday
schedule. schedule plus eight additional... paid holiday, or personal days, to be taken at such time as the Executive determines; it being understood and agreed that Executive shall be entitled to take such additional paid holidays or paid personal days as do not interfere with the performance of his duties hereunder and as are not reasonably objected to by the Company's Board of Directors. (c) Such major medical medical, health and dental coverage benefits and long-term disability group plan coverage generally available to the Company's officers. To the extent the Executive qualifies, the Executive may participate in, or benefit under, any employee benefit plan, arrangement or perquisite made available by the Company to its key executives. Family medical, health and dental coverage benefits and long-term disability group plan coverage may be obtained for the Executive's family at his sole cost and expense. (d) The Company shall reimburse the Executive for such ordinary and necessary business-related business- related expenses as shall be incurred by the Executive in the course of the performance of his duties under this Agreement. (e) A monthly car allowance in the amount of the monthly rental cost of a luxury sedan or its equivalent plus expenses for business use.
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Other Benefits. Subject to Subsection 3.4, during the Term and Employee's employment with the Employer Group, Employee shall be eligible to participate in all group health insurance benefit plans, group life insurance benefit plans, qualified defined contribution retirement plans, annual vacation plans, and other welfare benefit plans and programs (excluding any severance plans) that are made available to other employees of the Employer Group. To the extent that there are multiple benefit plans within the Emplo
...yer Group, Employee will be entitled to participate in the same level of benefit plans as are available to the senior most active employees of Employer.
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Other Benefits. Subject to Subsection 3.4, during the Term and Employee's employment with the Employer Group, Employee shall be eligible to participate in all group health insurance benefit plans, group life insurance benefit plans, qualified defined contribution retirement plans, annual vacation plans, and other welfare benefit plans and programs (excluding any
9 severance plans) that are made available to
other all active employees of the Employer Group. To the extent that there are multiple benefit plans wit
...hin the Employer Group, Employee will be entitled to participate in the same level of benefit plans as are available to the senior most active employees of Employer, other than the Chief Executive Officer and Executive Chairman of Employer.
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Other Benefits. In addition to the Total Compensation to be paid to the Executive as provided for herein, the Executive shall also be entitled to the following benefits: (a) Equity Vesting. Upon the approval of this Agreement by the Bankruptcy Court, all stock options and other equity or equity-based incentive awards held by the Executive will become fully vested and immediately exercisable and all restrictions on any restricted stock held by the Executive will be removed. (b) Business Expenses. The Company sha
...ll reimburse the Executive for all reasonable business expenses incurred by the Executive in the performance of his duties, provided that the Executive provides adequate documentation required by law and by the policies and procedures of the Company, as adopted and amended from time to time, provided that in no event shall the Executive submit any required documentation later than 60 days after the end of the calendar year in which such expense was incurred. Any such reimbursement shall be made as soon as reasonably practicable but in no event later than the 15th day of the third month following the calendar year in which the applicable expense was incurred. The Executive acknowledges and agrees that all such expenses will be subject to the oversight of the Audit Committee of the Board. (c) Other Benefits. Except as otherwise specifically provided to the contrary in this Agreement, the Executive shall be provided with retirement, welfare and other benefits to the same extent and on the same terms as those benefits are provided by the Company from time to time to the Company's other senior executive officers, including, but not limited to, vacation, participation in various health, retirement, life insurance, disability insurance or other employee benefit plans or programs, subject to regular eligibility requirements with respect to each such benefit plans or programs, as well as other benefits or perquisites as may be approved by the Board; provided, however, that the Company shall not be required to provide a benefit under this subparagraph (c) if such benefit would duplicate (or otherwise be of the same type as) a benefit specifically required to be provided under another provision of this Agreement. In addition, the Executive shall be provided with the benefits set forth on Exhibit A, if any.
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Other Benefits. In addition to the Total Compensation to be paid to the Executive as provided for herein, the Executive shall also be entitled to the following benefits: (a) Equity
Vesting. Upon the approval of this Agreement Compensation. The Executive may, as determined by the
Bankruptcy Court, all Compensation Committee in its discretion, periodically receive grants of stock
options and other equity or equity-based incentive awards held by the Executive will become fully vested and immediately exercisable an...d all restrictions on any options, restricted stock held by or other equity-related awards from the Executive will be removed. Company's various equity compensation plans, subject to the terms and conditions thereof. (b) Business Expenses. The Company shall reimburse the Executive for all reasonable business expenses incurred by the Executive in the performance of his duties, provided that the Executive provides adequate documentation required by law and by the policies and procedures of the Company, as adopted and amended from time to time, provided that in no event shall the Executive submit any required documentation later than 60 days after the end of the calendar year in which such expense was incurred. Any such reimbursement shall be made as soon as reasonably practicable but in no event later than the 15th day of the third month following the calendar year in which the applicable expense was incurred. The Executive acknowledges and agrees that all such expenses will be subject to the oversight of the Audit Committee of the Board. (c) Other Benefits. Except as otherwise specifically provided to the contrary in this Agreement, the Executive shall be provided with retirement, welfare and other benefits to the same extent and on the same terms as those benefits are provided by the Company from time to time to the Company's other senior executive officers, including, but not limited to, vacation, participation in various health, retirement, life insurance, disability insurance or other employee benefit plans or programs, subject to regular eligibility requirements with respect to each such benefit plans or programs, as well as other benefits or perquisites as may be approved by the Board; provided, however, that the Company shall not be required to provide a benefit under this subparagraph (c) if such benefit would duplicate (or otherwise be of the same type as) a benefit specifically required to be provided under another provision of this Agreement. In addition, the Executive shall be provided with the benefits set forth on Exhibit A, if any.
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