Common use of Automobile and Other Expenses Clause in Contracts

Automobile and Other Expenses. During the term of this Agreement, Employer shall furnish Employee with the use of an automobile of a make and model mutually agreeable to Employer and Employee. In the alternative, Employer may provide Employee with an auto allowance of $700.00 per month, with annual increases in such payment to be determined by the Board of Directors of Employer or the Committee to reflect increases in the cost of living or fuel costs. Employee shall be reimbursed for other expenses incurred in connection with Employer’s business in accordance with Employer’s expense reimbursement policy for senior executives.

Automobile and Other Expenses. During the term of this Agreement, Employer shall furnish Employee with the use of an automobile of a make and model mutually agreeable to Employer and Employee. In the alternative, Employer may provide Employee with an auto allowance of $700.00 600 per month, with annual increases in such payment to be determined by the Board of Directors of Employer Bancorp or the Committee to reflect increases in the cost of living or fuel costscosts and shall reimburse Employee for business related use of his personal automobile in excess of 800 miles per month in accordance with the Employer’s expense reimbursement policy. Employee shall be reimbursed for other expenses incurred in connection with Employer’s business in accordance with Employer’s expense reimbursement policy for senior executives.

Automobile and Other Expenses. During the term of this Agreement, Employer shall may: (i) elect to furnish Employee with the use of an automobile of a make and model mutually agreeable to Employer and Employee. In the alternative, Employer may ; or (ii) provide Employee with an auto allowance of $700.00 per month, with annual increases in such payment to be determined by the Board Boards of Directors of Employer or the Committee Committees to reflect increases in the cost of living or fuel costs. Employee shall be reimbursed for other expenses incurred in connection with Employer’s business in accordance with Employer’s expense reimbursement policy for senior executives.