Executive Perquisites definition

Executive Perquisites means any Company provided perquisites provided to You by the Company as set forth in Your Employment Agreement.
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Executive Perquisites means any and all fringe benefit plans, programs and arrangements of any type or description, exclusive only of Employee Benefit Plans (which are subject to Section 4(d) hereof), cash compensation (i.e., salary, bonuses and other incentive compensation and payments in connection with termination, to the extent not already excluded as an Employee Benefit Plan) and equity participation (which is subject to Section 4(c) hereof).
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Executive Perquisites. You will be eligible for the following: • As a new leader within Key, you participate in the Executive Health Program at the Cleveland Clinic. This program provides comprehensive diagnostic and preventative medical services to assess, address and optimize your health. The goal of the program is to target and reduce health risks, promote wellness, discover potential health problems and to facilitate prompt and expert treatment of any conditions detected. Additional information about the program and details on how to schedule the exam will be provided to you from the Executive Compensation & Benefits team. The amount of the benefit is subject to income tax and will be grossed-up in your taxable wages for reporting purposes. • You are also eligible to receive customized, executive-level services from KeyCorp’s Private Banking team — which provides best-in-class banking, trust and investing capabilities. A Financial advisor will be contacting you soon to discuss your financial needs and objectives, and also to address any transition items — such as 401k rollover from your previous employer — that you may have. All fees for banking and investment related services will be in accordance with Key’s policies for senior level executives. • You are also eligible to take advantage of tax consulting, tax preparation and estate planning up to $5,000 annually. The amount of the reimbursement is subject to income tax and will be added to your taxable wages for reporting purposes. • Membership in one luncheon club in Cleveland. The company will pay any initiation fees, if required, and your monthly dues and any assessments. Reimbursement for these expenses will automatically be made through payroll and will be grossed-up for tax purposes. ▇▇▇▇▇ ▇▇▇▇▇▇▇ November 25, 2008 Page 6 of 8 • Membership in one corporate country club in Cleveland. The company will pay any initiation fees, if required, and your monthly dues and any assessments. Reimbursement for these monthly expenses will automatically be made through payroll and will be grossed-up for tax purposes. • Initiation fees in a personal country club, if you desire. Any subsequent expenses (i.e., monthly dues, assessments, personal expenses, annual fees) will be paid by you. Business related expenses for business entertainment purposes at the above clubs will be reimbursed through our expense reimbursement process.
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Examples of Executive Perquisites in a sentence

  • Your ------------------------------------------------------ participation in the Executive Perquisites Account plan terminated effective as of the close of business on September 1, 1998.

  • Your participation in the Executive Perquisites Account plan shall terminate effective close of business on April 30, 1998.

  • During the term hereof, the Company shall provide the Executive (i) an allowance for automobile and expenses in the amount of Six Hundred Dollars ($600) per month and (ii) other Executive Perquisites comparable to those in effect for the Executive immediately prior to the Closing Date.

  • Your participation in the Executive Perquisites Account plan shall continue though your Termination Date.

  • Executive shall be entitled to participate in the Company's Executive Perquisites Plan in a manner similar to Senior Executives, provided that the amount available to Executive under the Plan for calendar year 2002 ($27,500 before tax gross-up) shall be pro rated based upon the portion of the year he was retained by the Company.

  • During the Term, Chairman shall be entitled to participate in the Company's Executive Perquisites Plan in a manner similar to Senior Executives, provided that the amount available to Chairman under the Plan for fiscal year 2001 shall be pro rated based upon the portion of the year he was retained by the Company.

  • During the Term, Executive shall be entitled to participate in the Company's Executive Perquisites Plan in a manner similar to Senior Executives.

  • Your participation in the Executive Perquisites Account plan shall terminate effective close of business on September 30, 2000.

  • Executive Perquisites Club Membership - Executive is provided a membership to a country club including reasonable reimbursement of the initiation fee, and monthly dues and ongoing assessments.

  • The Company shall contribute $70,000 each year to the Company's Executive Perquisites Plan for the benefit of Executive.

Related to Executive Perquisites

  • Senior Executive means the chief executive officer, chief operating officer, chief financial officer, and anyone in charge of a principal business unit or function.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Senior Executives has the meaning set forth in Section II.A.3.

  • Fringe benefits means the amount of:

  • Executive means the individual named in the first paragraph of this Agreement.