This excerpt taken from the GPS 8-K filed Jan 23, 2007.
Section 6.Executive Benefits
(a)
In General. Executive shall be eligible to participate in all the Company’s benefit plans and compensation programs applicable to senior executives, including (without
limitation) deferred compensation plans, incentive or other bonus plans, life, disability, health, accident and other insurance programs, and similar plans or programs. The Company reserves the right to alter, amend or terminate any of its programs
or plans, in whole or in part, at any time and for any reason.
2
(b)
Paid Time Off. Executive shall be entitled to paid time off (encompassing vacation, sick leave and personal time) under the Company’s policy for senior executives
(currently eligibility is 30 business days per year).
(c)
Relocation Benefits. The Company shall pay for or reimburse Executive for the reasonable expenses of Executive’s relocation to the San Francisco Bay Area, with any
necessary tax restoration payments. The Company shall pay the reasonable costs of rental housing during Executive’s search for permanent housing in the San Francisco Bay Area.
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