Perquisites and Benefits. The Employee shall be entitled to receive in the aggregate substantially the same fringe benefits and perquisites offered by the Corporation to any of the Corporation's similarly situated employees, including, without limitation, participation in the various employee benefit plans or programs provided to the employees of the Corporation in general, subject to the regular eligibility requirements with respect to each of such benefit plans or programs.
Perquisites and Benefits. During the term of full time employment, Executive shall be entitled to continue to participate in such benefit programs and receive such perquisites as may from time to time be established by the Company.
Perquisites and Benefits. During the Term, the Executive shall be entitled to the following perquisites and benefits: ● [ ] Automobile. Executive shall receive $600 per month for automobile expenses. Executive shall also receive a gasoline company or other credit card for use in connection with Company business. ● [ ] Health Insurance. During the Term of the agreement, the Executive shall be entitled to, and the Company shall pay 100% of the cost of, health insurance coverage generally applicable to other senior executives of the Company, subject to availability/insurability of the Executive. ● [ ] Cell Phone. Executive shall be entitled to a cell phone, the cost of which (including service) shall be paid for by the Company.
Perquisites and Benefits. (a) As an inducement to Executive to accept the position of President and Chief Executive Officer, the Company will pay the Executive a signing bonus (the "Signing Bonus") in the amount of $500,000 upon execution of this Agreement. The Signing Bonus will be returned by the Executive, pro rata, if the employment of the Executive is terminated by the Company for Cause (as that term is defined in Section 6(d)) or if the Executive terminates his employment without Good Reason (as that term is defined in Section 6(e); such termination without Good Reason not to include for any purpose under this Agreement termination on account of death or Disability (as hereinafter defined)) prior to the Ending Date; provided, however, that the Executive will not be required in these circumstances to return any portion of the Signing Bonus if (x) the Executive has served at least six months and (ii) prior to the termination of the Executive's employment as aforesaid, the Company has entered judicially supervised reorganization proceedings ("Reorganization Proceedings"). The amount of the Signing Bonus to be returned shall be in the proportion that the number of days remaining to the Ending Date at the time of termination bears to the total number of days from the Commencement Date to the Ending Date. For the avoidance of doubt, the parties acknowledge that if the Executive's employment is terminated at any time following the Company's rejection or disaffirmance of this Agreement, the Executive will not be required to return any portion of the Signing Bonus.
Perquisites and Benefits. Employee shall be entitled to the same perquisites and benefits as are made available to other senior executive employees of the Company, as well as such other perquisites or benefits as may be specified from time to time by the Board, including not less than four (4) weeks of vacation per year.
Perquisites and Benefits as if such termination of his employment had been effectuated pursuant to subparagraph (c) of this Section 3 and subject to all of the conditions set forth in subparagraph (c) of this Section 3. For purposes of this Agreement, the Executive shall be deemed to have been "Constructively Discharged" upon the occurrence of any one of the following events:
Perquisites and Benefits. You are entitled to the cash value of three (3) years of your currently elected health and welfare benefits. Further, any accrued, but unused paid time off will be paid out in full; provided, however, that such payout is provided by the Company pursuant to its legal obligations and is not consideration for purposes of the Separation, Waiver and Release Agreement. Equity CIC: The table below sets forth the value of outstanding Company stock awards that will accelerate and vest: Grant Name Grant Date Award Number Outstanding Awards Jan 31, 2022 (one time award) 31-Jan-2022 H1038 40,000 2022 TB LTIP 2 16-Feb-2022 H1139 4,434 2021-2022 PB converted to TB 08-Aug-2022 H1452M 11,107 2022-2023 PB converted to TB 11-Aug-2022 H1551M 16,470
Perquisites and Benefits. During the Employment Term, the Company shall provide you with (or reimburse you for) use of an appropriate automobile in the United States and in Norway, plus reimbursement for garaging, insurance and maintenance. In addition, during the Employment Term, you shall be entitled to participate in all employee benefit plans and programs (other than retirement plan benefits which shall be as set forth in Section 8) that are available to senior executives of the Company on the same basis as other senior executives of the Company, including, but not limited to, the following programs (as they may be amended from time to time): Life insurance; Disability insurance program; 401(k) Savings Plan; Health and medical insurance; Employee Stock Purchase Plan; Deferred Compensation Plan; Paid Vacation and Holidays; and Tax and Financial Services Planning ($10,000 per year for each of 2005 and 2006) in addition to the cost of tax advice arising from your status as a Norwegian citizen resident in the United States and your shift of residence from the United States back to Norway, and associated tax issues), fully grossed-up for any applicable taxes. During your employment hereunder reasonable business expenses incurred by you in the performance of your duties hereunder shall be reimbursed by the Company in accordance with Company policies.
Perquisites and Benefits. The Employee shall be eligible to receive awards under the Corporation's 2001 Long-Term Incentive Plan and entitled to receive in the aggregate substantially the same fringe benefits and perquisites offered by the Corporation to any of the Corporation's similarly situated employees, including, without limitation, participation in the various employee benefit plans or programs provided to the employees of the Corporation in general, subject to the regular eligibility requirements with respect to each of such benefit plans or programs.
Perquisites and Benefits. Employee shall be entitled to the perquisites and benefits applicable to other senior e officers of EPC (other than John B. Wing), and such additional ones as may fxxx xxxx xx time be approved for Employee by EPC's Board of Directors.
