Common use of Other Benefits; Vacation Clause in Contracts

Other Benefits; Vacation. During the Employment Period, 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. During the Employment Period, Executive shall be entitled to accrue, on a pro rata basis, twenty-two (22) paid vacation days per year, which if not taken will be carried forward. Vacation shall be taken at such times as are mutually convenient to Executive and the Company and no more than ten (10) consecutive days shall be taken at any one time without the advance approval of the Board.

Appears in 2 contracts

Samples: Executive Employment Agreement (RestorGenex Corp), Executive Employment Agreement (RestorGenex Corp)

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Other Benefits; Vacation. During the Employment Period, Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans 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. During the Employment Periodterm of this Agreement, Executive shall be entitled to accrue, on a pro rata basis, twenty-two twenty (2220) paid vacation days per year, which if not taken taken, will accrue and be carried forward into the next year. No carry forward of vacation past the second year will be carried forwardgranted without the approval of the Compensation Committee of the Board. Vacation shall be taken at such times as are mutually convenient to Executive and the Company and no more than ten twenty (1020) consecutive days shall be taken at any one time without the advance approval of the Board.

Appears in 2 contracts

Samples: Executive Employment Agreement (Audioeye Inc), Executive Employment Agreement (Audioeye Inc)

Other Benefits; Vacation. During the Employment Period, 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. During the Employment Period, Executive shall be entitled to accrue, on a pro rata basis, twenty-two twenty (2220) paid vacation days per year, which if not taken will be carried forward. Vacation shall be taken at such times as are mutually convenient to Executive and the Company and no more than ten (10) consecutive days shall be taken at any one time without the advance approval of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (RestorGenex Corp)

Other Benefits; Vacation. During the Employment Periodterm of this Agreement, Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans 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. During the Employment Periodterm of this Agreement, Executive shall be entitled to accrue, on a pro rata basis, twenty-two twenty (2220) paid vacation days per year, which if not taken taken, will accrue and be carried forward into the next year, No carry forward of vacation past the second year will be carried forwardgranted without the approval of the Compensation Committee of the Board. Vacation shall be taken at such times as are mutually convenient to Executive and the Company and no more than ten twenty (1020) consecutive days shall be taken at any one time without the advance approval of the BoardChief Executive Officer.

Appears in 1 contract

Samples: Executive Employment Agreement (Audioeye Inc)

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Other Benefits; Vacation. During the Employment Period, Executive shall be eligible to participate in incentive, stock purchase, savings, retirement (401(k)), and welfare benefit plans 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. During the Employment Periodterm of this Agreement, Executive shall be entitled to accrue, on a pro rata basis, twenty-two twenty (2220) paid vacation days per year, which if not taken taken, will accrue and be carried forward into the next year. No carry forward of vacation past the second year will be carried forwardgranted without the approval of the Compensation Committee of the Board. Vacation shall be taken at such times as are mutually convenient to Executive and the Company and no more than ten twenty (1020) consecutive days shall be taken at any one time without the advance approval of the BoardChief Executive Officer.

Appears in 1 contract

Samples: Executive Employment Agreement (Audioeye Inc)

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