Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all benefit plans and arrangements and fringe benefits and perquisite programs generally provided to comparable senior executives of the Company.
Employee Benefits and Vacation. While Executive is employed by the Company hereunder, Executive shall be entitled to participate in all employee benefit plans to the extent that Executive meets the eligibility requirements for each individual plan or program, including but not limited to participation in the Company’s health, dental, and vision insurance plans for Executives, which shall be paid for by the Company. Executive shall be entitled to be paid for state and federal holidays recognized by the Company, and shall accrue paid time off (“PTO”) in accordance with Company policy.
Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements, including, without limitation, any nonqualified deferred compensation plans, maintained by the Company from time to time for the benefit of the senior executives of the Company in accordance with their respective terms as in effect from time to time. Executive acknowledges that the aforementioned items may be included as compensation for income tax purposes to the extent required by applicable law. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and perquisites provided to Executive or the items under Section 6 below.
Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, profit sharing, long-term incentive compensation, retirement, savings, welfare and other employee benefit plans and arrangements and fringe benefits and perquisites generally maintained by the Company from time to time for the benefit of senior executive officers of the Company of a comparable level, in each case in accordance with their respective terms as in effect from time to time (other than any special arrangement entered into by contract with an executive or that applies on a grandfathered basis). Without limiting the foregoing, the Company shall pay all premiums for Executive and his dependent family members under health, hospitalization, disability, dental, life and other employee benefit plans that the Company may have in effect from time to time. Executive acknowledges that the Company does not currently provide a profit sharing plan, and has no current intention of providing profit sharing benefits to its employees.
Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements, including, without limitation, any nonqualified deferred compensation plans, maintained by the Company from time to time for the benefit of the senior executives of the Company in accordance with their respective terms as in effect from time to time. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and perquisites provided to Executive or the items under Section 6 below.
Employee Benefits and Vacation. (a) During the Employment Term, ------------------------------ Executive shall be entitled to (i) participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements, including, without limitation, any nonqualified deferred compensation plans, maintained by the Company from time to time for the benefit of the senior executives of the Company in accordance with their respective terms as in effect from time to time, (ii) a luxury automobile reasonably satisfactory to the Executive and the Company (including, without limitation, reimbursement by the Company of the costs of maintaining and operating such automobile), (iii) reasonable use of Company-provided aircraft transportation for business-related and personal travel, and (iv) the employment of a daycare provider for Executive's dependents (with the daycare provider's salary paid by the Company directly to the daycare provider net of any applicable federal or state employment tax of which such taxes shall be withheld and remitted by the Company to the appropriate taxing authorities and which salary shall not exceed comparable salaries for such services). Executive acknowledges that the aforementioned items will be includible as compensation for income tax purposes to the extent required by applicable law. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and perquisites provided to Executive or the items under Section 6 below.
Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements and fringe benefits and perquisites generally maintained by the Company from time to time for the benefit of senior executives of the Company of a comparable level in each case in accordance with their respective terms as in effect from time to time (other than any special arrangement entered into by contract with an executive). The Executive shall be initially provided with a leased automobile or an automobile allowance by the Company, in such manner and at such level as determined by the Company; however, the Company reserves the right, upon recommendation of the Compensation Committee, to modify the arrangement or change the level of allowances in the future. To the extent permitted under applicable law, the Company shall not treat as compensation to Executive fringes and prerequisites provided to Executive or the items under Section 6 below. Notwithstanding the foregoing, for the two (2) year period after a Change in Control (the "Change in Control Protection Period"), while employed, Executive shall be entitled to (i) coverage and benefits at least equal in the aggregate to the benefits provided under the benefit plans and programs, including, without limitation, any life insurance, medical insurance, disability, pension, savings, incentive, retirement and other plans and programs, of the Company applicable to Executive immediately prior to such Change in Control and any (ii) fringe benefits and prerequisites of at least equal value to those provided by the Company to the Executive immediately prior to the Change in Control.
Employee Benefits and Vacation. (a) During the Employment Term, you will be entitled to participate in benefit plans and arrangements and fringe benefits and perquisite programs no less favorable than those provided to other similarly-situated senior executives of the Company.
Employee Benefits and Vacation. Employee will be entitled to participate in the Company's health plan and in any other benefit plans provided by DYI or the Company to its employees, subject to Employee's qualification to participate on the same basis as other employees (length of service, health status, etc.). In addition, Employee shall be entitled to a minimum three (3) weeks of paid vacation per year, and additional time if needed and agreed to by the CEO of the Company.
Employee Benefits and Vacation. (a) During the Employment Term, Executive shall be entitled to participate in all pension, retirement, savings, welfare and other employee benefit plans and arrangements and fringe benefits and perquisites generally maintained by USI from time to time for the benefit of the senior executives of USI of a materially comparable level, in accordance with their respective terms as in effect from time to time (other than any special arrangement entered into by contract with an executive). Notwithstanding the foregoing, after a Change in Control, during the Employment Term, Executive shall be entitled to (i) coverage and benefits at least equal in the aggregate to the benefits provided under the benefit plans and programs, including, without limitation, any life insurance, medical insurance, disability, pension, savings, incentive, retirement and other plans and programs, of USI applicable to Executive immediately prior to such Change in Control, and (ii) any fringe benefits and prerequisites of at least equal value to those provided by USI to Executive immediately prior to the Change in Control. If Executive is currently provided with a leased automobile or an automobile allowance, USI shall, as of the date hereof, continue the same arrangement that currently exists, but reserves the right, upon recommendation of the Compensation Committee, to modify the arrangement or change the level of allowances in the future. To the extent permitted under applicable law, USI shall not treat as compensation to Executive fringes and prerequisites provided to Executive or the items under Section 6 below.
