Benefits and Fringes Sample Clauses

Benefits and Fringes. (a) During the Employment Term, Executive shall be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company to its executive officers, including pension, retirement, savings, welfare (including life and health insurance) and other employee benefit plans and arrangements.
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Benefits and Fringes. During the Employment Term, Executive shall be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company and/or Parent to its executive employees of a comparable level, including any life, medical or dental insurance plans for the benefit of Executive and members of his immediate family, and pension, profit-sharing, 401(k) and other similar plans and on the same terms as so provided. Notwithstanding the foregoing, the Executive shall be provided with long-term disability insurance providing for payment of a minimum monthly benefit of $6,896 and with life insurance, payable to his designated beneficiary, at least equal to $1,000,000; and provided, further that Executive shall be furnished a Company automobile.
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Benefits and Fringes. (a) During the Engagement Term, Consultant shall be entitled to such benefits or fringes (or a reasonable equivalent), if any, as are generally provided from time to time by the Company to its executive officers, including pension, retirement, savings, welfare (including life and health insurance) and other benefit plans and arrangements, if applicable.
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Benefits and Fringes. (a) During the Employment Term, Executive shall be entitled to (i) all benefits and fringes, if any, as are generally provided from time to time by the Company to its senior executive officers, including, without limitation, any life, medical and disability insurance plans and pension, incentive, profit-sharing, deferred compensation and other similar plans, practices, policies and programs, subject to the Executive's satisfaction of the applicable eligibility requirements and with due credit against any annual bonus plan or program for the minimum annual bonus set forth in Section 3(c) hereof, and (ii) such other benefits and fringes set forth in this Agreement. In addition, the Company shall reimburse Executive annually during each full calendar year during the Employment Term for the reasonable annual cost of a policy of term life insurance in the amount of $1,250,000, upon presentation of evidence of payment of the premiums on such policy. To the extent a commercial life insurance policy has not been obtained, the Company will self-fund the $1,250,000 life insurance policy for the sixty (60) day period commencing on the Effective Date. In addition, during the Original Employment Term, the Company shall reimburse Executive annually during each full calendar year during the Employment Term for the reasonable annual cost of a policy for additional term life insurance in the amount of the lesser of (i) $2,000,000, or (ii) the outstanding principal of the Loan under Section 6 hereof (the "Additional Life Insurance"). The foregoing reimbursements for life insurance premiums shall, based on Executive's representation that he is in good health, be limited to payment of only a reasonable amount (which includes, but is not limited to, standard premium amounts). The Company shall gross-up for tax purposes the deemed income to Executive for providing life insurance under this Section 4(a) such that the economic effect to Executive is the same as if such insurance was provided to Executive on a non-taxable basis. Such gross up shall be in accordance with Section 19 hereof. The Executive shall grant the Company a first security interest through a collateral assignment in the Additional Life Insurance to secure the loan under Section 6 hereof.
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Benefits and Fringes. During the Employment Term, Executive shall be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company and/or Parent to its officers, including any life, medical or dental insurance plans for the benefit of Executive, and pension, profit-sharing, 401(k) and other similar plans and on the same terms as so provided. In addition to the foregoing, Executive shall also be entitled to a car allowance of no more than $800 per month to be applied to the cost of leasing or purchasing an automobile of Executive's choice.
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Benefits and Fringes. 19.01 The parties agree that bargaining unit employees’ membership in the current savings and benefit plans, will be continued for the duration of the Collective Agreement. It is understood that since Company employees in numerous other locations are members of the same plans, that the Company has the right to amend such plans on a unilateral basis in the future.
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Benefits and Fringes 
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Related to Benefits and Fringes

  • Benefits and Burdens This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, and the Corporation and any successor organization which shall succeed to substantially all of its assets and business.

  • Benefits and Insurance The Executive shall, in accordance with Company policy and the terms of the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to similarly situated Company executives (including, but not limited to, being named as an officer for purposes of the Company’s Directors & Officers insurance policy). The Company reserves the right in its sole discretion to modify, add or eliminate benefits at any time. All benefits shall be subject to the terms and conditions of the applicable plan documents, which may be amended or terminated at any time. The Executive shall be entitled to vacation each year, in addition to sick leave and observed holidays in accordance with the policies and practices of the Company. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of the Company.

  • Benefits and Vacation The Executive shall be eligible to participate in such insurance programs (health, disability or life) or such other health, dental, retirement or similar employee benefits programs as the Board may approve, on a basis comparable to that available to other officers and executive employees of the Company. The Executive shall be entitled to a minimum of three (3) weeks of paid vacation per year. Vacation time may be accumulated for up to one year beyond the year for which it is accrued and may be used any time during such year. Any vacation time not used during such additional year shall be forfeited. The value of any accrued but unused and unforfeited vacation time shall be paid in cash to the Executive upon termination of Executive's employment for any reason.

  • Employee Benefits and Perquisites During the Employment Term, the Executive will be entitled to (i) participate in all employee benefit plans, programs, arrangements or policies that are from time to time made available by the Company generally to its senior executives, including, without limitation, the Company’s life insurance, long-term disability, and health plans (“Employee Benefits”); and (ii) the perquisites and other fringe benefits that are from time to time made available by the Company generally to its senior executives and to such perquisites and fringe benefits that are from time to time made available by the Company to the Executive in particular, subject to any applicable terms and conditions of any specific perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Executive shall be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Executive agrees to cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such life and/or disability insurance policies.

  • Benefits and Perquisites Executive shall be entitled to participate in, to the extent Executive is otherwise eligible under the terms thereof, the benefit plans and programs, and receive the benefits and perquisites, generally provided by the Company from time to time to senior executives of the Company, including without limitation family medical insurance (subject to applicable employee contributions). Executive shall be entitled to receive four weeks of vacation, in accordance with Company policy.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.

  • Other Benefits and Perquisites The Executive shall be entitled to participate in the benefit plans provided by the Company for all employees, generally, and for the Company’s executive employees. The Company shall be entitled to change or terminate these plans in its sole discretion at any time.

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