Certain Perquisites. The Company shall provide the Executive with one hundred percent (100%) of the cost of health insurance for him and his dependents or shall reimburse Executive for the reasonable cost of continuing his current health insurance coverage. Executive also shall be entitled to participate in the Company's 401(k) profit sharing plan. Executive shall be entitled to and shall receive during the term hereof such vacation, holiday and similar rights and privileges as shall be reasonably determined by the Co-Chief Executive Officers. Executive agrees that unused vacation time may not be carried over or credited to subsequent years. Executive shall also be reimbursed for all reasonable business expenses incurred on behalf of the Company in the course of performance of his duties hereunder, subject to provision of receipts or vouchers therefor and satisfactory explanations thereof. During the term of this Agreement, Executive shall be reimbursed on a monthly basis for the cost of a two-year lease, with no capitalized cost reduction, of a 1998 Jeep Cherokee or similarly priced automobile, as well as the reasonable costs of operating that vehicle, including without limitation, gasoline, insurance, tolls and repairs. In the event that Executive is terminated by the Company without cause, or if Executive dies during the term hereof, the Company agrees to continue the monthly lease payments through the remainder of the two-year term of the lease, but shall not continue any operating expenses relating to such lease after such termination or death.
Certain Perquisites. (i) During the Payment Period, Executive shall be entitled to receive all perquisites that Executive was entitled to receive on the Effective Date (including automobile allowance, communications services and all miscellaneous services other than country club membership dues and accrual of vacation).
Certain Perquisites. The Company shall provide the Executive while he continues to be employed by the Company with: (i) participation in the Company’s standard executive automobile program pursuant to which he would receive a current amount of six hundred dollars ($600.00) per month as an automobile allowance; and (ii) eligibility for reimbursement of up to five hundred dollars ($500.00) per month in country club monthly dues, to be paid to the Executive monthly through an expense report reimbursement.
Certain Perquisites. (i) CLUB MEMBERSHIPS. Employer shall pay for the initial membership fee (not to exceed $20,000), monthly dues and any business related charges for Officer's membership in a country club, subject to the provisions of that certain Note Agreement, attached hereto as EXHIBIT I, and to be executed at the time that Officer requests payment of the initial membership fee.
Certain Perquisites. The Company shall provide the Executive while he continues to be employed by the Company with: (i) participation in the Company’s standard executive automobile program.
Certain Perquisites. 5 5. Termination........................................................6
Certain Perquisites. 5 5. TERMINATION........................................................... 6
Certain Perquisites. During the Service Period, the Employee shall continue to receive from the Company his current automobile monthly allowance and all office related facilities, such as his mobile phone and e-mail account. In addition, the Company shall continue to provide an annual allowance of $10,000 (grossed-up for tax purposes using an incremental income tax rate of 45%), prorated if the Service Period is less than one year, for the Employee to use for financial counseling, tax preparation and legal services.
Certain Perquisites. (a) The Company shall pay O'Dell $7,500 on the Termination Date and $7,500 on the first anniversary of the Termination Date in lieu of the current $7,500 executive allowance program. (b) Any coverage under business travel life insurance plans currently provided to O'Dell by the Company shall discontinue on the Termination Date. (c) The Company shall reimburse O'Dell for costs incurred by O'Dell in connection with travel to one board meeting of the National Restaurant Association and one board meeting of Second Harvest, provided in each case that such meeting occurs in May 1999. The Company shall reimburse O'Dell for costs incurred by O'Dell or his spouse in connection with his spouse's travel to one of these meetings. (d) O'Dell's car allowance shall continue until the expiration of the Benefits Period on the same terms that are in effect at the time of this Agreement. (e) The Company shall, prior to, on or promptly after the Termination Date, transfer to O'Dell ownership and possession of O'Dell's office computer. (f) O'Dell shall remain eligible to participate in the Marriott/Sodexho Marriott umbrella plan for cellular phones to the same extent and on the same terms as other executives of the Company.
Certain Perquisites
