Other Pay and Benefits Sample Clauses

The "Other Pay and Benefits" clause defines additional forms of compensation and non-salary benefits provided to an employee beyond their base wage. This may include bonuses, commissions, health insurance, retirement contributions, paid time off, or other perks such as wellness programs or company discounts. By clearly outlining these supplementary benefits, the clause ensures both parties understand the full scope of the employee's total compensation package, reducing misunderstandings and supporting transparency in the employment relationship.
Other Pay and Benefits. In addition to the base salary, COLA, and merit increases described in Section 2 and Section 5, EMPLOYEE shall receive the following benefits: A. CITY agrees to pay EMPLOYEE longevity pay in the amount of FIVE THOUSAND DOLLARS ($5,000.00) (net) no later than the Wednesday before Thanksgiving of each year this contract is in effect. If EMPLOYEE’s employment is terminated during the calendar year prior to the payout date, EMPLOYEE shall receive a full longevity payout. B. CITY will match One Hundred Percent (100%) of EMPLOYEE’s contribution to a deferred compensation program to the extent permitted by law. C. CITY will pay One Hundred Percent (100%) of EMPLOYEE’s contribution to the Public Employment Retirement System for the State of Nevada. D. EMPLOYEE will have the retirement rights of employees as provided by Nevada Revised Statutes. E. EMPLOYEE shall not have use of City Vehicle. F. CITY will reimburse EMPLOYEE a maximum of ONE HUNDRED FIFTY DOLLARS ($150.00) for each incident for each pair of eyeglass frames and cellular phone, SEVENTY-FIVE DOLLARS ($75.00) for each watch, and the actual cost of prescription eyeglass lenses, that is lost, damaged, or destroyed while performing job duties as certified by EMPLOYEE and approved by the City Manager. If the cellular phone that is lost, damaged, or destroyed is a CITY-issued cellular phone, the reimbursement shall not apply. G. Group Health, Dental, Life, and Long-Term Disability Insurance 1. ELIGIBILITY: EMPLOYEE is eligible for group health (medical, dental, vision, pharmacy, and life) insurance and long-term disability insurance and may, on the first of the month following CITY employment, be eligible to enroll in the CITY’s group health insurance plan and long-term disability insurance plan, provided EMPLOYEE is not excluded from enrollment by conditions of the Group Health Plan Document.
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Other Pay and Benefits. For all hours above the minimum, the incumbent of this position will receive pay at the appropriate level contained in the Collective Agreement.
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Other Pay and Benefits. In addition to the pay described in Section 2 and Section 5, EMPLOYEE shall receive the following benefits: A. CITY will pay EMPLOYEE a bonus in any amount up to $10,000 based on the performance of the EMPLOYEE, at the discretion of the City Manager or designee. Such performance-based bonus, if any, shall be payable annually following the EMPLOYEE’s performance evaluation. B. CITY will match One Hundred Percent (100%) of EMPLOYEE’s contribution to a CITY- approved deferred compensation program to the extent permitted by law. C. CITY will pay One Hundred Percent (100%) of EMPLOYEE’s contribution to the Public Employment Retirement System for the State of Nevada. D. Group Health, Dental, Life, and Long-Term Disability Insurance 1. Eligibility: EMPLOYEE is eligible for group health (medical, dental, vision, pharmacy, and life) insurance and long-term disability insurance and may, on the first of the month following CITY employment, be eligible to enroll in the CITY’s group health insurance plan and long-term disability insurance plan, provided EMPLOYEE is not excluded from enrollment by conditions of the Group Health Plan Document.
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Other Pay and Benefits. In addition to the base salary and any adjustments or merit increases described in Section 2 and Section 5, EMPLOYEE shall receive the following benefits: A. CITY will pay EMPLOYEE a performance incentive in any amount up to $10,000 based on the performance of the EMPLOYEE, at the sole discretion of the City Manager or designee. This performance incentive, if any, shall be payable on or before June 30 of each year. B. CITY will match One Hundred Percent (100%) of EMPLOYEE’s contribution to a CITY- approved deferred compensation program to the extent permitted by law. C. CITY will pay One Hundred Percent (100%) of EMPLOYEE’s contribution to the Public Employment Retirement System for the State of Nevada at the employer funded rate of 33.5% as of June 30, 2025. After that date, any future change in the employer contribution rate will be evenly split between EMPLOYEE and CITY. D. Group Health, Dental, Life, and Long-Term Disability Insurance 1. ELIGIBILITY: EMPLOYEE is eligible for group health (medical, dental, vision, pharmacy, and life) insurance and long-term disability insurance and may, on the first of the month following CITY employment, be eligible to enroll in the CITY’s group health insurance plan and long-term disability insurance plan, provided EMPLOYEE is not excluded from enrollment by conditions of the Group Health Plan Document.
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Other Pay and Benefits. In the event of an Election to Separate under Section 3 hereof by either party, the Employer shall pay to Executive, in a single lump-sum, an amount equal to any unpaid but earned Base Salary through the Date of Termination, and shall reimburse Executive for any unpaid expenses incurred prior to the Date of Termination pursuant to Section 2.5.1 of the Employment Agreement, in accordance with the Employer's reimbursement policies. Executive may elect to receive health care continuation coverage pursuant to COBRA, if applicable, and Employer will reimburse Executive the cost of such coverage for a period of up to twelve (12) months following his separation from employment by Election to Separate. Nothing herein shall prevent consideration by the Employer's Compensation Committee of any discretionary bonus for Executive.
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Related to Other Pay and Benefits

  • Pay and Benefits An employee involved in a return to work program will receive pay and benefits as set out below. Employees participating in a return to work program for fifteen (15) hours or more per week are entitled to all the benefits of the agreement, on a proportionate basis, except for medical, extended health and dental plan coverage, which shall be paid in accordance with Article 38. Wage entitlement, when participating in the program, will be consistent with the terms of the agreement and are outlined below:

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for Good Reason within the Change in Control Period. The provisions of this Section 6 shall apply in lieu of, and expressly supersede, the provisions of Section 5 if (i) the Executive’s employment is terminated either (a) by the Company without Cause as provided in Section 3(d), or (b) by the Executive for Good Reason as provided in Section 3(e), and (ii) the Date of Termination is on or within 12 months after the occurrence of the first event constituting a Change in Control (such period, the “Change in Control Period”). These provisions shall terminate and be of no further force or effect after the Change in Control Period. (a) If the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d) or the Executive terminates employment for Good Reason as provided in Section 3(e) and in each case the Date of Termination occurs during the Change in Control Period, then, in addition to the Accrued Obligations, and subject to the signing of a general release of claims against the Company and all related persons and entities that shall not release the Executive’s rights under this Agreement (the “Release”) by the Executive and the Release becoming fully effective, all within the time frame set forth in the Release but in no event more than 60 days after the Date of Termination: (i) the Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) 12 months of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher) plus (B) 1.0 times the Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher) (the “Change in Control Payment”); provided that the Change in Control Payment shall be reduced by the amount of the Garden Leave Pay Setoff, if applicable; and (ii) subject to the Executive’s copayment of premium amounts at the applicable active employees’ rate and the Executive’s proper election to receive benefits under COBRA, the Company shall pay to the group health plan provider or the COBRA provider a monthly payment equal to the monthly employer contribution that the Company would have made to provide health insurance to the Executive if the Executive had remained employed by the Company until the earliest of (A) the 12-month anniversary of the Date of Termination; (B) the date that the Executive becomes eligible for group medical plan benefits under any other employer’s group medical plan; or (C) the cessation of the Executive’s health continuation rights under COBRA; provided, however, that if the Company determines that it cannot pay such amounts to the group health plan provider or the COBRA provider (if applicable) without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), then the Company shall convert such payments to payroll payments directly to the Executive for the time period specified above. Such payments to the Executive shall be subject to tax-related deductions and withholdings and paid on the Company’s regular payroll dates. The amounts payable under this Section 6(a), to the extent taxable, shall be paid or commence to be paid within 60 days after the Date of Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, such payments to the extent they qualify as “non-qualified deferred compensation” within the meaning of Section 409A of the Code, shall be paid or commence to be paid in the second calendar year by the last day of such 60-day period.

  • Severance Payments and Benefits If Executive (a) executes this Agreement and the revocation period described in Section 8 hereof expires within sixty (60) days following the Termination Date (the date on which such revocation period expires, the “Release Effective Date”) and (b) continues to comply with the covenants under the Employee Assignment and Confidentiality Agreement and any other material ongoing obligations to which he is subject, then the Executive shall be entitled to the following (the “Severance Benefits”): (a) An amount in cash equal to $4,000,000, payable in substantially equal installments for twenty-four (24) months following the Termination Date (the “Payment Period”) in accordance with the Company’s normal payroll practices; provided that the first such payment shall be made on the first regularly scheduled payroll date following the Release Effective Date and shall include all payments that would have otherwise been made between the Termination Date and the Release Effective Date if such payments had commenced on the Termination Date; (b) A lump sum cash payment equal to the product of (i) the lesser of (A) the cash bonus, if any, that would have been paid to Executive pursuant to the terms of the annual cash incentive plan in which Executive participates in respect of the 2015 fiscal year, had he remained in employment and (B) $1,000,000 and (ii) a fraction, the numerator of which is the number of days that elapsed in the 2015 fiscal year through the Termination Date and the denominator of which is 365, payable on the date such bonuses are paid to then-current employees of the Company; (c) Subject to Executive’s timely election to continue coverage under COBRA, the Company shall pay the COBRA premiums to continue Executive’s coverage (including coverage for Executive’s eligible dependents, if applicable) for eighteen (18) months following the Termination Date (with such payments to end if Executive becomes eligible for group health insurance coverage through a new employer or Executive ceases to be eligible for COBRA continuation coverage for any reason), provided that the cost of such coverage shall be reported to the tax authorities as taxable income to Executive; (d) 4,882,143 shares of Class A common stock, par value $0.00000625 per share of the Company (each, a “Share”) subject to the Make-Whole Grant (as defined in the Offer Letter) shall vest as of the Termination Date; (e) 228,938 Shares subject to Executive’s Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement, dated March 14, 2014, shall vest as of the Termination Date; and (f) 189,552 Shares subject to Executive’s Stock Option Grant Notice and Option Agreement, dated March 14, 2014, shall vest as of the Termination Date. Executive shall have up to two (2) years from the Termination Date to exercise not only these vested Shares, but also the Shares from all previously vested and currently unexercised Stock Option Grants. (g) Company agrees to reimburse Executive for attorneys’ fees and costs that he may incur for legal advice regarding the negotiation of this Agreement, up to a maximum payment of $25,000. Notwithstanding any other provision of this Agreement to the contrary, if, on or following the Termination Date, Executive (i) fails to comply with his material obligations to the Company or (ii) materially breaches any of the covenants under the Employee Assignment and Confidentiality Agreement or Section 15 of the Offer Letter or any other material ongoing obligations to which he is subject, then Executive shall immediately forfeit his right to receive the Severance Benefits, to the extent then unpaid, provided that such material breach or obligation causes a measure of harm to the Company. The Company shall provide Executive with written notice of the breach and give him ten (10) days to either cure the breach, to the extent curable, or explain why he does not believe there has been a breach. This paragraph shall be in addition to any other remedy at law or in equity available to the Company.

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to Termination Date but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Compensation and Benefits Subject to the terms and conditions of this Agreement, during the Employment Period, while Executive is employed by the Employer, the Employer shall compensate Executive for Executive’s services as follows for periods following the Effective Date: (a) Executive shall be compensated at an annual rate of $290,000 (the “Annual Base Salary”), which shall be payable in accordance with the Employer’s normal payroll practices as are in effect from time to time. Beginning on January 1, 2012 and on each anniversary of such date, Executive’s rate of Annual Base Salary shall be reviewed by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “Board”), and following such review, the Annual Base Salary may be adjusted upward but in no event will it be decreased. (b) Executive shall be entitled to receive performance based annual incentive bonuses (each, the “Incentive Bonus”) from the Employer for each fiscal year ending during the Employment Period. Any such Incentive Bonus shall be paid to Executive within thirty (30) days of the completion of the annual audit by the Company’s auditor, but in no event later than two and one-half months after the close of each such fiscal year. Executive’s target Incentive Bonus shall be not less than forty percent (40%) of the Annual Base Salary, which Incentive Bonus shall be determined by specific performance criteria established from time to time by the Compensation Committee. (c) Executive shall be eligible to participate, subject to the terms and conditions thereof, in all other incentive plans and programs, including such cash and deferred bonus programs and equity incentive plans as may be in effect from time to time with respect to senior executives employed by the Employer on as favorable a basis as provided to other similarly situated senior executives. Executive and Executive’s dependents, as the case may be, shall be eligible to participate in all pension and similar benefit plans (qualified, non-qualified and supplemental), profit sharing, 401(k), as well as all medical and dental, disability, group and executive life, accidental death and travel accident insurance, and other similar welfare benefit plans and programs of the Employer, subject to the terms and conditions thereof, as in effect from time to time with respect to senior executives employed by the Employer on as favorable a basis as provided to other similarly situated senior executives. (d) Executive shall be entitled to accrue vacation at a rate of no less than four (4) weeks paid vacation for each calendar year, subject to the Employer’s vacation programs and policies as may be in effect during the Employment Period. (e) Executive shall be reimbursed by the Employer, on terms and conditions that are substantially similar to those that apply to other similarly situated executives of the Employer, for reasonable out-of-pocket expenses for entertainment, travel, meals, lodging and similar items which are consistent with the Employer’s expense reimbursement policy and actually incurred by Executive in the promotion of the Employer’s business.