Automobile/Automobile Allowance. Employer shall provide Employee with either an automobile for business and incidental personal use or an automobile allowance as per Employer policy. However, at the sole discretion of the Board of Directors and/or the Employer’s Chief Executive Officer, the Employer reserves the right to change or eliminate this benefit at any time.
Automobile/Automobile Allowance. Employer shall provide Employee with either an automobile for business and incidental personal use or an automobile allowance as per Employer policy.
Automobile/Automobile Allowance. During the Term, Executive shall be entitled to use of an automobile or automobile allowance upon terms substantially identical to Executive's existing arrangements with the Company prior to the Merger.
Automobile/Automobile Allowance. The Employee shall be entitled to use a Company automobile, the make and model of such to be determined in the Company’s sole discretion. Alternatively, in the Company’s sole discretion, the Company shall provide the Employee an automobile allowance of up to One Thousand dollars ($1,000) per month to cover the cost of the lease on a car of the Employee’s selection. In either event, the Company shall pay for or provide for payment of the cost of insurance and other operating expenses associated with the Employee’s use of such automobile on Company business.
Automobile/Automobile Allowance. During the Term, the Executive shall be provided with an automobile or an automobile allowance pursuant to the Corporation’s policy for senior executives.
Automobile/Automobile Allowance. During the Term, the Executive shall be provided with an automobile or an automobile allowance pursuant to the Corporation’s policy for senior executives. In order to comply with Section 409A of the Code, in no event shall any payments by the Corporation under this Section 6(b) be made later than the end of the calendar year next following the calendar year in which such expenses were incurred, provided, that the Executive shall have submitted an invoice for such fees and expenses at least 10 days before the end of the calendar year next following the calendar year in which such expenses were incurred. The amount of such expenses that the Corporation is obligated to pay in any given calendar year shall not affect the expenses that the Corporation is obligated to pay in any other calendar year, and the Executive’s right to have the Corporation pay such expenses may not be liquidated or exchanged for any other benefit.
