1847 Holdings LLCStock Purchase Agreement21-Aug-17DEManagement Consulting Services
Section 4.15(a) of the Disclosure Schedule includes a list of all Benefit Plans.
Clause Library
Employee Benefits Clause Examples
Employee Benefits clause specifies terms for employee benefits like health insurance and bonuses, ensuring clarity, legal compliance, and fairness in employment.
9 examplesSourced from SEC EDGAR
Employee Benefits Clause Overview
An employee benefits clause describes what benefits, such as health coverage, retirement contributions, bonuses, or paid leave, an employee is entitled to under the agreement, and often points to a separate benefits plan document for the details.
It appears in employment agreements and executive offer letters to set expectations upfront and to make clear whether benefits are guaranteed by contract or remain subject to whatever plan the employer maintains, and can change, from time to time.
Look at whether the clause locks in specific benefit levels or simply cross-references "the Company's benefit plans as in effect from time to time." The latter gives the employer more room to modify or reduce benefits later without breaching the contract.
Sample Clauses - Employee Benefits
ARKO Corp.Employment Agreement25-Mar-21DERetail-Convenience Stores
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. 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.
Azure Power Global LtdSEC Comment Response Letter19-Apr-16CAElectric Services
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.
Bear Newco, Inc.Form S-425-May-17DEOil & Gas Field Machinery
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.
Bioventus Inc.IPO Registration20-Jan-21DEMedical Instruments
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: medical, dental and vision benefits; medical flexible spending accounts and health savings account; short-term and long-term disability insurance; basic life and accidental death & dismemberment insurance; and group accident, critical illness and hospital indemnity plans.
Cerus CorpEmployment Offer Letter04-Nov-16DEMedical Instruments
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.
Carrols Holdco Inc.Form S-411-Apr-19DERetail-Eating Places
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.
Citizens First CorpEmployment Agreement09-Nov-17KYNational Commercial Banks
Employee 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 right to participate in any health insurance program, profit sharing plan, pension plan, or other incentive program established by Employer.
Clearside Biomedical, Inc.Consulting Agreement13-Mar-20DEPharmaceutical Preparations
As an independent contractor, Consultant will not be eligible to participate in any employee benefit plans, fringe benefit programs, group insurance arrangements or similar programs of the Company.
All clause examples are sourced from publicly available SEC EDGAR filings. These clauses are provided for educational and reference purposes only and do not constitute legal advice. Always consult a qualified attorney before using any clause in your contracts.
Frequently Asked Questions
- What is the Employee Benefits clause?
- Employee Benefits clause specifies terms for employee benefits like health insurance and bonuses, ensuring clarity, legal compliance, and fairness in employment.
- When would a contract include the Employee Benefits clause?
- Parties typically add a clause like this when the underlying issue is important enough that they want the agreement itself to state a clear, negotiated position, rather than leaving it to interpretation, industry custom, or whatever default rule would otherwise apply. How specific the wording gets usually reflects how much this point mattered in negotiation.
- What should I watch for when reviewing the Employee Benefits clause?
- Wording for this type of clause varies a lot between contracts, scope, triggering conditions, exceptions, and any related defined terms are often heavily negotiated. When reviewing one, compare it against your own priorities rather than assuming a standard or "market" version applies, and check how it interacts with other clauses in the same agreement.
- Is this clause legally required, and can I just copy an example into my contract?
- Whether a clause like this is needed, and exactly how it should be worded, depends on the contract, the industry, and the laws that apply to that specific agreement. The examples on this page are for general education and reference, not legal advice, so for a contract you intend to sign, have the specific language reviewed by a qualified lawyer.