Burger King 2009 Annual Report Download - page 166

compensation maintained by the Company for employees at Executive’s grade level that the Company designates, in its sole discretion.
7. Employee Benefits.
(a) General. During the Employment Period, Executive will be eligible to participate in the employee and executive benefit plans and
programs maintained by the Company from time to time in which executives of the Company at Executive’s grade level are eligible to
participate, including to the extent maintained by the Company, life, medical, dental, accidental and disability insurance plans and retirement,
deferred compensation and savings plans, in accordance with the terms and conditions thereof as in effect from time to time.
(b) Benefit Allowance. Subject to Section 20(k)(iii) herein, with respect to each year during the Employment Period, Executive will be
entitled to receive a perquisite allowance of $35,000 (the “Benefits Allowance”), which the Company shall pay to Executive in equal
installments, in accordance with the Company’s regular payroll policies, during such fiscal year, subject to Executive’s continued employment
with the Company.
8. Expenses; Etc.
(a) Business Travel, Lodging, etc. Subject to Section 20(k)(iii) herein, during the Employment Period, the Company will reimburse
Executive for reasonable travel, lodging, meal and other reasonable expenses incurred by him in connection with the performance of his
duties and responsibilities hereunder upon submission of evidence satisfactory to the Company of the incurrence and purpose of each such
expense, provided that such expenses are permitted under the terms and conditions of the Company’s business expense reimbursement
policy applicable to executives at Executive’s grade level, as in effect from time to time. Subject to Section 20(k)(iii) herein, during the
Employment Period, the Company shall pay or reimburse Executive for the annual membership dues for two (2) airline club memberships of
Executive’s choosing, subject to, and contingent upon, Executive’s continued employment with the Company.
(b) Vacation. During the Employment Period, Executive shall be entitled to vacation on an annualized basis in accordance with the
Company’s vacation policy, currently four (4) weeks per year for an individual in Executive’s position, without carry−over accumulation.
Executive shall also be entitled to Company−designated holidays.
9. Termination of Employment.
(a) Termination Due to Death or Disability. Executive’s employment shall automatically terminate upon Executive’s death and may be
terminated by the Company due to Executive’s Disability (as defined below in this subsection (a)). In the event that Executive’s employment is
terminated due to his Disability or death, no termination benefits shall be payable to or in respect of Executive except as provided in
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