Other Compensation and Benefits Contract Clauses (42)

Other Compensation and Benefits. In addition to the compensation specified in Section 3, the Company shall provide the following to Executive: (a) Incentive Plan Participation. Executive shall be eligible to participate in the Company's sales incentive plan, sales compensation plan or any other such incentive plan (each, a "Sales Incentive Plan") to the extent determined by the Company's Board of Directors or a duly authorized committee thereof; provided however, that any such participation and payments shall be subject in all ...respects to the terms of such Sales Incentive Plan and the meeting of performance metrics as determined by the Company's Board of Directors or a duly authorized committee thereof. The Company's Board of Directors or a duly authorized committee thereof shall set the target payments (the "Target Variable Compensation") to be earned by Executive under a Sales Incentive Plan for each calendar year. Executive and the Company agree that for the year ending December 31, 2015, Executive's Target Variable Compensation pursuant to the Sales Incentive Plan shall be 100% of Executive's Base Salary. (b) Benefits. During Executive's employment, Executive shall be entitled to (i) vacation in accordance with the Company's vacation policy, to be taken in accordance with such policy, (ii) holidays and sick leave as made generally available to employees of the Company, and (iii) subject to eligibility therefor, the right to participate in any profit sharing plan, retirement plan, 401(k) plan, group life insurance plan and/or other insurance plan or medical expense plan or dental expense plan maintained by the Company for its senior executives generally and, if applicable, their family members. (c) Directors and Officers Insurance. Executive shall be covered by the Company's Directors and Officers Insurance to the extent that the Company currently has or in the future obtains such insurance, for so long as Executive remains an executive officer or director of the Company. View More

Other Compensation and Benefits. Other than as specifically set forth in Section 3 of this Agreement, Consultant shall not be entitled during the Consulting Period to, and shall make no claim to, rights or fringe benefits afforded generally to the Company's employees, including health insurance, disability or unemployment insurance, workers' compensation insurance, pension and retirement, profit-sharing, or any other policy or plan applicable to employees of the Company; provided, however, that nothing herein shall adversely af...fect Consultant's right to (a) receive his vested benefits under any such plan maintained by the Company in respect of his prior services as an employee of the Company; or (b) elect continuation of certain healthcare benefits coverage after the Effective Date under the federal Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), or any similar state law. View More