Common use of Additional Executive Benefits Clause in Contracts

Additional Executive Benefits. (a) Employer shall promptly reimburse Executive for all documented travel, entertainment and other business expenses reasonably incurred by Executive in connection with the performance of Executive’s duties under this Agreement, in accordance with applicable Employer policies. (b) During the Term of Employment, Executive shall be entitled to not less than four (4) weeks of vacation each calendar year, which shall not be transferrable to any subsequent year. (c) During the Term of Employment, the Company shall provide the Executive with an automobile allowance or company car consistent with the Company’s policies and provisions applicable to other similarly situated executives of the Company. (d) During the Term of Employment, Executive and, to the extent applicable, his family, shall be entitled to receive employee welfare benefits, including profit sharing or pension plans, life insurance, health, medical, dental, hospitalization, prescription drug, disability, accidental death and travel accident insurance benefits, and fringe benefits and perquisites, in effect for its similarly situated senior executives from time to time. Executive and, as applicable, his family, shall be eligible for such benefits commencing on the Effective Date, subject to any initial probationary periods generally applicable with respect to such benefits.