Plans and Fringe Benefits Sample Clauses

The "Plans and Fringe Benefits" clause defines the employer's obligations regarding employee participation in benefit programs such as health insurance, retirement plans, and other supplemental perks. It typically outlines which plans are available to employees, eligibility requirements, and the extent of employer contributions or coverage. By clearly specifying these terms, the clause ensures that both parties understand the scope of benefits provided, reducing misunderstandings and helping to attract and retain employees.
Plans and Fringe Benefits. 4.1 During the Term, Executive shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Metro. For any period less than a full year, Executive shall receive an amount equal to the prorated portion of the compensation payable pursuant to such plan or program. Any annual bonus (or prorated portion of an annual bonus) earned and payable to Executive hereunder shall be paid on or after January 1 but not later than March 15 of the calendar year following the calendar year for which the annual bonus (or prorated portion of an annual bonus) is earned. 4.2 During the Term, Executive shall also be entitled to: (a) participate in all fringe benefits as then in effect that are generally available to Metro's salaried officers including, without limitation, family medical, dental and vision insurance programs, hospitalization coverage, life insurance coverage, disability coverage and long-term care insurance; (b) automobile allowance and (c) such other fringe benefits as the Board, or a designated Committee of the Board, shall deem appropriate.
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Plans and Fringe Benefits. 4.1 During the Term, ▇▇▇▇▇▇ shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Commerce. For any period less than a full year during the Term, ▇▇▇▇▇▇ shall receive an amount equal to the prorated portion of the compensation payable pursuant to such plan or program. 4.2 During the Term, ▇▇▇▇▇▇ shall also be entitled to: (a) participate in all fringe benefits as then in effect that are generally available to Commerce's salaried officers including, without limitation, medical and hospitalization coverage, life insurance coverage and disability coverage; and (b) such other fringe benefits as the Board, or a designated Committee, shall deem appropriate. 4.3 During the initial Term of this Agreement, ▇▇▇▇▇▇ shall receive the stock options, fringe benefits, reimbursements and allowances as described and outlined in Commerce’s Offer of Employment dated April 12, 2007 which is incorporated herein by reference thereto. Employment Agreement ___________
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Plans and Fringe Benefits. 4.1 During the Term, Pauls shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Commerce. For any period less than a full year during the Term, Pauls shall receive an amount equal to the prorated portion of the compensation payable pursuant to such plan or program. Employment Agreement _________ DJP 4.2 During the Term, Pauls shall also be entitled to: (a) participate in all fringe benefits as then in effect that are generally available to Commerce’s salaried officers including, without limitation, medical and hospitalization coverage, life insurance coverage and disability coverage; and (b) such other fringe benefits as the Board, or a designated Committee, shall deem appropriate; provided that such benefits are consistent with those that he currently enjoys including, without limitation, use of an automobile and paid holidays and vacations.
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Plans and Fringe Benefits. 4.1 During the term of his employment, Employee shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Commerce. For any period less than a full year during the Term, Employee shall receive an amount equal to the pro rated portion of the compensation payable pursuant to such plan or program. 4.2 During the term of his employment, Employee shall also be entitled (a) to participate in all fringe benefits as in effect from time to time which are generally available to Commerce's salaried officers including, without limitation, medical and hospitalization coverage, life insurance coverage and disability coverage, and (b) to such other fringe benefits as the Board, or a Committee thereof, shall deem appropriate provided such benefits are consistent with those that he currently enjoys including without limitation use of an automobile and paid holidays and vacations. 5.
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Plans and Fringe Benefits. 4.1 During the Term, Executive shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Mid Penn. For any period less than a full year during the Term, Executive shall receive an amount equal to the prorated portion of the compensation payable pursuant to such plan or program. Any annual bonus (or prorated portion of an annual bonus) earned and payable to Executive hereunder shall be paid on or after January 1 but not later than March 15 of the calendar year following the calendar year for which the annual bonus (or prorated portion of an annual bonus) is earned. 4.2 During the Term, Executive shall also be entitled to: (a) participate in all fringe benefits as then in effect that are generally available to Mid Penn’s salaried officers including, without limitation, company car, family medical, dental and vision insurance programs, hospitalization coverage, life insurance coverage, disability coverage and (b) such other fringe benefits as the Board, or a designated Committee of the Board, shall deem appropriate.
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Plans and Fringe Benefits. (a) During the Term of Employment, the Executive (i) shall be entitled to participate in all incentive, savings and retirement plans, practices, policies, and programs applicable generally to other senior level executives of the Company and its Major Subsidiary (including, but not limited to, the Company's Restricted Stock Plan, Employee Investment Plan, Employee Stock Ownership Plan, Payroll-based Employee Stock Ownership Plan, Employee Retirement Plan, Supplemental Retirement Plan and Stock Option Plan) and (ii) shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its Major Subsidiary (including, without limitation, medical, prescription, dental, disability, employee life (and, if applicable, supplemental term life insurance), group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other senior level executives of the Company and its Major Subsidiary. Form 10-K 1995 Stone & ▇▇▇▇▇▇▇, Incorporated (b) The Compensation Committee of the Board shall undertake a study by the end of 1996 to review the perquisites accorded chief executives of companies comparable to the Company in terms of industry, size and financial performance for the purpose of considering the adoption of perquisite plans and policies for the Executive comparable to those of such companies, including, without limitation, with respect to tax and financial planning services, supplemental insurance, club dues, an automobile and transportation and related expenses.
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Plans and Fringe Benefits. 4.1 During the Term, Executive shall be entitled to participate in any bonus programs, incentive compensation plans, stock option plans or similar benefit or compensation programs now or hereafter in effect which are generally made available from time to time to executive officers of Commerce. For any period less than a full year during the Term, Executive shall receive an amount equal to the prorated portion of the compensation payable pursuant to such plan or program. Any annual bonus (or prorated portion of an annual bonus) earned and payable to Executive hereunder shall be paid on or after January 1 but not later than March 15 of the calendar year following the calendar year for which the annual bonus (or prorated portion of an annual bonus) is earned. 4.2 During the Term, Executive shall also be entitled to: (a) participate in all fringe benefits as then in effect that are generally available to Commerce's salaried officers including, without limitation, family medical, dental and vision insurance programs, hospitalization coverage, life insurance coverage, disability coverage and long-term care insurance; (b) automobile allowance and (c) such other fringe benefits as the Board, or a designated Committee of the Board, shall deem appropriate. 4.3 During the Term, Commerce shall continue to maintain and pay all premiums payable on the Executive’s split dollar life insurance policy and long term disability policy as the same exists on the Effective Date of this Agreement. EmploymentAgreement
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Plans and Fringe Benefits 
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Related to Plans and Fringe Benefits

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.