Common use of Other Elements of Compensation Clause in Contracts

Other Elements of Compensation. The Executive’s annual compensation package shall also include: (a) up to $18,000 USD per annum for executive benefits, including the use of a car and other bona fide expenses for which receipts are provided, e.g. club memberships and personal entertainment; (b) participation in the Company’s standard U.S. pension and medical and life insurance programs, including group medical benefits, group life insurance and disability insurance, in accordance with the terms of the Company’s existing group health and insurance plan; and (c) four weeks’ vacation annually.

Other Elements of Compensation. The Executive’s annual compensation package shall also include: (a) up to $18,000 USD per annum for annual executive benefits, including the use of a car and other bona fide expenses for which receipts are provided, e.g. club memberships and personal entertainment; (b) participation in the Company’s standard U.S. pension and medical and life insurance programs, including group medical benefits, group life insurance and disability insurance, in accordance with the terms of the Company’s existing group health and insurance plan; and (c) four weeks’ vacation annually.

Other Elements of Compensation. The Executive’s annual compensation package shall also include: (a) up to $18,000 USD per annum for annual executive benefits, including the use of a car and other bona fide expenses for which receipts are provided, e.g. club memberships and personal entertainment; (b) participation in the Company’s standard U.S. pension and medical and life insurance programs, including group medical benefits, group life insurance and disability insurance, in accordance with the terms of the Company’s existing group health and insurance plan; and (c) four weeks’ vacation annually.