Airplane. Aircraft to be used shall be limited to pressurized aircraft of the type normally used in scheduled commercial passenger flights by major airlines.
Airplane. During the Employment Period, in addition to the other compensation payable under Paragraph 4 of the Agreement, the Executive shall be eligible to use the Company’s aircraft, without reimbursement for up to one hundred and twenty (120) hours of personal use in each calendar year. In the event that the Executive exceeds one hundred and twenty (120) hours of personal use in the applicable calendar year, the Executive shall reimburse the Company for such personal use in accordance with the applicable Company policy regarding airplane usage and the Executive’s Aircraft Time Sharing Agreement with the Company, dated as of August 23, 2011.
Airplane. Individual Guaranty dated December 20, 2000 by Xxxx X. Xxxxxxxx in favor of General Electric Capital Corporation in connection with a Promissory Note in the amount of $6,475,000 by Corporate Flight Services, LLC.
Airplane. The Employer agrees to reimburse any employee who is authorized and required to use a private airplane in his/her work for the state at the rate of fifty one cents ($0.510) , per mile.
Airplane. The Executive agrees to execute and deliver an Aircraft Time Sharing Agreement with the Company and the Parent regarding use of an aircraft owned by any Company Entity, as may be in effect from time to time. During the Employment Period, subject to having executed an Aircraft Time Sharing Agreement, in addition to the other compensation payable under this Agreement, the Executive shall be eligible to use such aircraft, without reimbursement to the Company Entity, for up to one hundred (100) hours of personal use in each calendar year. In the event that the Executive exceeds this amount of personal use in the applicable calendar year, the Executive shall reimburse the applicable Company Entity for such personal use in accordance with the applicable policy regarding airplane usage and the Executive’s Aircraft Time Sharing Agreement with the Parent and the Company.
Airplane. During the Term of Employment, in addition to the other compensation payable under Paragraph 4 of the Employment Agreement, the Executive shall be eligible to use the Company’s aircraft for up to 200 hours of personal use in each calendar year, provided that (i) the Company shall pay for the first 100 hours of use during any calendar year, and (ii) the Executive shall reimburse the Company for personal use in excess of such first 100 hours (up to the 200 hour limit) at two times the actual fuel cost for the airplane in accordance with that certain Aircraft Time Sharing Agreement by and between the Executive and Discovery Communications, LLC (as amended from time to time; and any references in such agreement to the Prior Agreement shall hereby be considered references to this Agreement). If the Company requests that a family member or guest accompany the Executive on a business trip such use shall not be considered personal use, and to the extent the Company imputes income to the Executive for such family member or guest travel, the Company may, consistent with company policy, pay the Executive a lump sum “gross-up” payment sufficient to make the Executive whole for the amount of federal, state and local income and payroll taxes due on such imputed income as well as the federal, state and local income and payroll taxes with respect to such gross-up payment.
Airplane. The Company agrees that Estis, at his sole option, may purchase that certain airplane ownex xx the Company (the "Airplane") for the appraised value of the Airplane as determined by an appraiser selected by the Company and reasonably satisfactory to Estis (the "Appraiser"). The Appraiser shall determine the retail xxxx market value of the Airplane and the Company shall pay the cost of the Appraiser. Following receipt of the Appraiser's determination of retail fair market of the Airplane, Estis shall elect with five business days at whether he shall purcxxxx the Airplane and shall notify the Company in writing of such determination. If Estis elects to purchase the Airplane, he shall pay the purchase price equal to the appraised value in cash or with shares of Common Stock valued at $1.50 per share. The closing of the purchase and sale of the Airplane shall take place two business days after Estis' election. At such closing, the Company will transfer all of xxx right, title and interest in the Airplane to Estis for payment of the purchase price in stock or cash; provided, xxxever, if Estis has elected to sell the Yard Truck to the Company as set forxx xxlow, then Estis shall transfer the Yard Truck to the Company for its appraisxx xxlue as determined below and the balance of the purchase price for the Airplane shall be paid in cash or shares of Common Stock as set forth above. If Estis does not agree to purchase the Airplane for its appraised vaxxx xs set forth above, then the Company may sell the Airplane for a price equal to or greater than the appraised value of the Airplane. If the Company desires to sell the Airplane for a price less than the appraised value of the Airplane, then the Company shall notify Estis of the proposed price and Estis shall have the option of purxxxxxng the Airplane for such prxxxxxd price on the terms set forth above, i.e. cash or shares of Common Stock valued at $1.50 per share. Estis shall have two business days to elect to purchase the Airplane for such proposed price and if Estis does not elect to purchase the Airplane for such proposed prxxx, then the Company may sell the Airplane for the price offered to Estis or higher. If Estis elects to purchase the Airplane for such xxxxosed price, thex xxx closing of the purchase and sale of the Airplane shall take place within three business days of such election. The Company agrees to use its best efforts to obtain the appraisal of the Airplane promptly after the execution of this Ag...
Airplane. In the event that the EMPLOYER chooses to transport the Company by airplane, AGMA agrees to discuss the terms and conditions under which such transportation shall be permitted. EMPLOYER guarantees that any ARTIST engaged prior to August 1, 1976 who has previously been granted permission to travel by rail with no loss of pay, shall continue to have this privilege. All other ARTISTS engaged under the terms of this BASIC AGREEMENT, agree to travel by air when necessary. It is required that such air travel shall use the facilities of regularly scheduled commercial airlines.
Airplane. In addition to the other compensation payable under Paragraph 4 of the Employment Agreement, the Executive shall be eligible to use the Company’s aircraft for personal use, provided the aggregate incremental cost per calendar year (inclusive of all incremental costs associated with any personal guests that may accompany him on flights) does not exceed $157,000. The following use is not considered personal use for purposes of this limitation: (i) the Company requests that a family member or guest accompany the Executive on a business trip, or (ii) the Company approves the Executive’s use of the aircraft to travel between New York and Maryland, other than at the beginning or end of the work week, to support the business needs of the Company (for example, if the Executive stays in New York at the beginning of the week to attend to a business commitment in New York, or returns to New York for a mid-week business commitment), even though for income tax purposes the Company may treat the travel as commuting. To the extent the Company imputes income to the Executive for travel under the preceding clauses (i) and (ii), the Company may, consistent with company policy, pay the Executive a lump sum “gross-up” payment sufficient to make the Executive whole for the amount of federal, state and local income and payroll taxes due on such imputed income as well as the federal, state and local income and payroll taxes with respect to such gross-up payment.
Airplane. Reimbursement to the Executive for private air transportation of the lesser of (i) fifty (50) hours per year at the rate of $1,500 per hour or (ii) $75,000 per year.
