Employee Benefits Clause Examples

4.15 Employee Benefits. (a) Section 4.15(a) of the Disclosure Schedule includes a list of all Benefit

During the Employment Term, in addition to the other compensation and benefits described herein, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time, including the Company's Non-Qualified Deferred Compensation Plan (collectively, "Employee Benefit Plans"). The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

The Company provides employee benefits in the form of a defined contribution plan and a defined benefit plan. The defined contribution plan is a Provident Fund administered by the Government of India, in which both the employees and the Company make monthly contributions. The Company has no further funding obligation beyond the contributions required under the Provident Fund. The defined benefit plan is a Gratuity Act plan that provides for a lump-sum payment to eligible employees at retirement, death, incapacitation, or termination of employment. As of [Date], the Gratuity Act plan is unfunded. The Company accrues the liability for compensated absences in accordance with ASC Topic 710, Compensation-General.

Our employees are covered under various U.S. GE employee benefit plans, including GE's retirement plans (pension, retiree health and life insurance, and savings benefit plans) and active health and life insurance benefit plans. Further details are provided in Note 12.

All of our full-time employees and working partners, including our named executive officers, are eligible to participate in health and welfare plans maintained by Bioventus LLC, including: (a) medical, dental and vision benefits; (b) medical flexible spending accounts and health savings account; (c) short-term and long-term disability insurance; (d) basic life and accidental death & dismemberment insurance; and (e) group accident, critical illness and hospital indemnity plans. Our named executive officers participate in these plans on the same basis as other eligible employees. We do not maintain any supplemental health and welfare plans for our named executive officers. We reimburse our named executive officers for the full cost of their personal cellular phones. We believe the benefits described above are necessary and appropriate to provide a competitive compensation package to our named executive officers.

In addition to your salary, you will be eligible for all of Cerus' standard employee benefit plans which include employer subsidized medical, dental and vision premiums, long term disability, life insurance, a 401(k) plan, and, upon meeting eligibility requirements, participation in Cerus' Employee Stock Purchase Plan. The Employee Stock Purchase Plan gives employees an opportunity to obtain an equity position in Cerus Corporation at a discount. You will also be eligible for 20 days of vacation per year. You should note that Cerus may modify salaries and benefits from time to time as it deems necessary.

The Company has established a 401(k) retirement savings plan for eligible employees. All employees with at least twelve months of service and one thousand hours of service are eligible to participate in the plan, provided the employee is at least twenty-one years of age. The Company does not make matching or discretionary contributions to the plan.

[Employee.Name] shall be entitled to participate in all employee benefit programs as are conferred by Employer, from time to time, upon its other executive officers, including the following: A. The right to participate in any health insurance program established by Employer; B. The right to participate in any profit sharing plan, pension plan, or other incentive program, retirement benefit plan or similar program established by Employer; provided, that [Employee.Name] must be a 'qualified participant,' as defined in the legal documentation establishing such plans; C. The right to participate in any life insurance plan, short

Consultant shall not be entitled to any benefits that the Company provides to its employees, including but not limited to vacation, group medical or life insurance, disability, retirement benefits or any other benefit plans offered by the Company. Consultant expressly waives the right to participate in any such programs. Consultant also agrees that, consistent with his independent contractor status, Consultant will not apply for any government-sponsored benefits that are intended to apply to employees, including, but not limited to, unemployment benefits or workers' compensation benefits.

As an employee, you are eligible to enroll in certain employee benefits including health, dental, and vision insurance, which are typically available as of your start date with the Company. You will have access to your Benefit Enrollment/Information Guide and the Benefit Enrollment system within the Employee Portal on your start date of employment. You will have 31 days from your start date to complete your benefit enrollment. You should note that the Company may modify benefits from time to time as it deems necessary. As agreed, you will be eligible to accrue for up to 160 hours of PTO during your first two years of employment with the Company.

During the Employment Term, the Employee shall be entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided hereunder. The Employee's participation will be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time.

As a Company employee, you will also be eligible to receive certain employee benefits including PTO, healthcare, dental coverage, and a 401(k) plan. You should note that the Company may modify salaries and benefits from time to time as it deems necessary.

Mr. Babb will also be eligible to participate in all executive incentive and employee benefit programs made available to our senior executive officers from time to time and to receive certain other perquisites, each as described in the agreement.

As a regular employee of the Company, you will be eligible to participate in Company-sponsored benefits that are generally available to all employees in accordance with Company policies. The Company provides 3 days of paid sick leave in each year of employment, as well as unlimited paid time off (neither of which accrue, except as required by the law). You will be provided additional information about these and other benefits on your first day of work.

As an employee, you will also be eligible to receive certain employee benefits, in accordance with the terms of such benefit plans. The Company, in its sole discretion, has the right to amend or terminate any benefit plan, or your participation therein.

Our employee benefits business focuses on serving small and medium-sized businesses, a priority segment for us, offering these businesses a differentiated technology platform and competitive suite of group insurance products. Though we only entered the market in 2015, we now offer coverage nationally and have more than 157,000 participants as of December 31, 2017. Leveraging our innovative technology platform, we have formed strategic partnerships with large insurance and health carriers as their primary group benefits provider. As a new entrant in the employee benefits market we were able to build a platform from the ground up, without reliance on legacy systems. This puts us in a position to embrace industry shifts quickly and provides us with an advantage over many competitors.

(f)Employee Benefits. As an employee of the Company, you will be eligible to participate in such Company-sponsored benefits and programs as are made generally available to other employees of the Company. This includes paying for your portion of healthcare coverage and same 401(k) match as other Company employees. You will receive the same cell phone stipend as other Everbridge executives, at $65 per month. In addition, you will be entitled to (i) annually accrue twenty (20) days of vacation and/or sick time in accordance with the Company's vacation policy as established by the Board and as in effect from time to time. The Company reserves the right to change or eliminate any benefit plans at any time, upon notice to you.

In addition, during the Employment Period, Executive shall be entitled to participate in all of Parent's and the Company's vacation, paid holidays, medical and other employee benefit programs for which members of Parent, the Company and their Subsidiaries' executive management team are generally eligible. Executive shall be entitled to [PaidTimeOff] of paid time off each calendar year, which if not taken during any year may not be carried forward to any subsequent year and no compensation shall be payable in lieu thereof, except as otherwise required by law.

(i) employee benefits that are substantially comparable in the aggregate to those provided to similarly situated employees of Parent or its Affiliates (excluding, for the avoidance of doubt, equity or equity-based awards) and (ii) severance benefits, to Continuing Employees who do not have an employment agreement that provides for post-termination severance benefits, no less favorable than those for which the Continuing Employees would have been eligible pursuant to the Company's severance plans and policies as in effect immediately prior to the Closing and as set forth on Section 7.05(a) of the Company Disclosure Schedule; provided that the foregoing obligation shall not include change in control, transaction or retention or similar bonuses or payments.

During the Employment Period, Executive shall be entitled to participate in all of the Company's benefit programs for which employees of the Company are generally eligible, subject to the eligibility and participation requirements thereof; provided, however, that Executive shall not participate in any severance plan or policy maintained by the Company for the benefit of senior executives.

During the Employment Period, Executive shall be entitled to participate in all of the Company's benefit programs for which employees of the Company are generally eligible, subject to the eligibility and participation requirements thereof.