Automobile Allowance. During the term of this Agreement, the Bank will provide Executive with the use of an automobile, including insurance, maintenance and work-related fuel expenses, or, in the alternative and the sole discretion of the Bank, the Bank will provide Executive with an automobile allowance that approximates the expense of a Bank-provided automobile and related insurance, maintenance and fuel costs. Executive will comply with reasonable reporting and expense limitations on the use of such automobile as the Bank may establish from time to time, and the Bank shall annually include on Executive’s Form W-2 any income attributable to Executive’s personal use of the automobile.
Appears in 9 contracts
Samples: Employment Agreement (Northeast Community Bancorp Inc), Bank Employment Agreement (Polonia Bancorp), Bank Employment Agreement (Polonia Bancorp)
Automobile Allowance. During the term of this Agreement, the Bank Company will provide Executive with the use of an automobile, including insurance, maintenance and work-related fuel expenses, or, in the alternative and the sole discretion of the BankCompany, the Bank Company will provide Executive with an automobile allowance that approximates which would approximate the expense of a BankCompany-provided automobile and related insurance, maintenance and fuel costs. Executive will comply with reasonable reporting and expense limitations on the use of such automobile as the Bank Company may establish from time to time, and the Bank Company shall annually include on Executive’s Form W-2 any income attributable to Executive’s personal use of the automobile.
Appears in 9 contracts
Samples: Employment Agreement (Northeast Community Bancorp Inc), Company Employment Agreement (Polonia Bancorp), Company Employment Agreement (Polonia Bancorp)
Automobile Allowance. During the term of this Agreement, the Bank will provide Executive with the shall be entitled to use of an a Bank-owned automobile, including . The Bank shall provide car insurance, maintenance and work-related fuel expenses, or, in the alternative and the sole discretion of the Bank, the Bank will provide Executive with an automobile allowance that approximates the expense of a Bank-provided automobile and related insurance, maintenance and fuel costsgas for said automobile. Executive will shall comply with reasonable reporting and expense limitations on the use of such automobile as may be established by the Company or the Bank may establish from time to time, and the Company or the Bank shall annually include on Executive’s Form W-2 any amount of income attributable to Executive’s personal use of the such automobile.
Appears in 6 contracts
Samples: Company Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Three Year Employment Agreement (Chicopee Bancorp, Inc.)
Automobile Allowance. During the term of this Agreement, the Bank will provide Executive with the shall be entitled to use of an a Bank-owned automobile, including . The Bank shall provide car insurance, maintenance and work-related fuel expenses, or, in the alternative and the sole discretion of the Bank, the Bank will provide Executive with an automobile allowance that approximates the expense of a Bank-provided automobile and related insurance, maintenance and fuel costsgas for said automobile. Executive will shall comply with reasonable reporting and expense limitations on the use of such automobile as may be established by the Bank may establish from time to time, and the Bank shall annually include on Executive’s Form W-2 any amount of income attributable to Executive’s personal use of the such automobile.
Appears in 5 contracts
Samples: Employment Agreement (Chicopee Bancorp, Inc.), Three Year Employment Agreement (Chicopee Bancorp, Inc.), Three Year Employment Agreement (Chicopee Bancorp, Inc.)
Automobile Allowance. During the term of this Agreement, the Bank will provide Executive with the shall be entitled to use of an automobileautomobile provided by the Bank, including insurance, maintenance and work-related fuel expenses, or, in the alternative and the sole discretion of the Bank, the Bank will provide Executive with shall be entitled to an automobile allowance that approximates which would approximate the expense of a Bank-provided automobile and related insurance, maintenance and fuel costs. Executive will shall comply with reasonable reporting and expense limitations on the use of such automobile as may be established by the Bank may establish from time to time, and the Bank shall annually include on Executive’s Form W-2 any amount of income attributable to Executive’s personal use of the such automobile.
Appears in 2 contracts
Samples: Employment Agreement (Newport Bancorp Inc), Employment Agreement (Newport Bancorp Inc)