Aircraft Travel Sample Clauses

Aircraft Travel. For security purposes, the Executive shall be required to use, at Company expense, private aircraft for travel in North America including, without limitation, his weekly commutation as provided in Section 13. Outside North America he shall be entitled to first class air travel.
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Aircraft Travel. The Executive shall be entitled to first class air travel.
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Aircraft Travel. For security purposes, the Executive shall be provided, at the expense of the Company, with use of a private aircraft for business and personal travel, both within and outside North America.
Sample 1
Aircraft Travel. The Executive shall be provided, at the expense of the Company, with use of a private aircraft for business travel, both within and outside North America. In addition, the Executive shall be provided, at the expense of the Company, with limited use of a private aircraft for personal travel, both within and outside North America; provided, however, that the incremental cost to the Company of such personal use (as determined by the Company for purposes of Item 402 of SEC Regulation S-K) for each fiscal year during the Term ending on or after January 29, 2011 shall not exceed $200,000, subject to pro-ration for any partial fiscal year. The Executive and the Company shall enter a time sharing agreement, consistent with Federal Aviation Administration regulations, providing for the Executive’s reimbursement to the Company (on the terms and conditions set forth in the time sharing agreement), for his use of a private aircraft for any personal travel that exceeds the maximum incremental cost to the Company set forth in this Section 8. The Executive shall be solely responsible for any taxable income recognized by him in connection with the personal use of private aircraft and shall not be entitled to any tax gross up payments or other reimbursement from the Company in connection therewith.” 2. In consideration of the Executive entering into this Amendment, concurrently with the execution of this Amendment, the Company shall pay the Executive a lump sum cash payment in the amount of $4,000,000, less applicable withholdings for tax payments. In the event that the Executive’s employment with the Company terminates as a result of a termination by the Executive without Good Reason (as defined in the Employment Agreement) at any time prior to the expiration of the Term, the Executive shall be required to repay to the Company a “pro-rata portion” of the payment provided for in this paragraph 2. Such “pro-rata portion” shall be determined by multiplying $4,000,000 by a fraction, the numerator of which is the number of days between the Termination Date (as defined in the Employment Agreement) and February 1, 2014, and the denominator of which is the number of days between the date hereof and February 1, 2014. The pro-rata portion to be repaid shall be repaid to the Company no later than thirty (30) days following the Termination Date. 3. Except as expressly provided herein, the provisions of the Employment Agreement shall remain in full force and effect and are hereby rati...
Sample 1
Aircraft Travel. The Executive shall endeavor to use business class air travel, but may use first class when business class is not available or it is otherwise reasonable under the circumstances and shall exercise reasonable prudence not to incur unnecessary travel expenses.
Sample 1
Aircraft Travel. The Executive shall be provided, at the expense of the Company, with limited use of the Company’s private aircraft, subject to availability, for personal travel not to exceed ten (10) total hours per fiscal year, within North America, subject to pro-ration for any partial fiscal year. The Executive shall be solely responsible for any taxable income recognized by him in connection with the personal use of private aircraft and shall not be entitled to any tax gross up payments or other reimbursement from the Company in connection therewith. Any additional hours of flight time will be charged to the Executive at the actual out of pocket cost incurred by the Company.
Sample 1
Aircraft Travel. The Executive shall be provided, at the expense of the Company, with use of a private aircraft for business travel, both within and outside North America. In addition, the Executive shall be provided, at the expense of the Company, with limited use of a private aircraft for personal travel, both within and outside North America; provided, however, that the incremental cost to the Company of such personal use (as determined by the Company for purposes of Item 402 of SEC Regulation S-K) for each fiscal year during the Term shall not exceed $200,000, subject to pro-ration for any partial fiscal year. The Executive and the Company are parties to a time sharing agreement, consistent with Federal Aviation Administration regulations, providing for the Executive’s reimbursement to the Company (on the terms and conditions set forth in the time sharing agreement), for his use of a private aircraft for any personal travel that exceeds the maximum incremental cost to the Company set forth in this Section 8. The Executive shall be solely responsible for any taxable income recognized by him in connection with the personal use of private aircraft and shall not be entitled to any tax gross up payments or other reimbursement from the Company in connection therewith.
Sample 1
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