Automobile Benefit. If the Executive is entitled to the use of a Company-owned automobile at the time of a Change of Control, then title to such automobile shall be transferred to the Executive (upon termination of employment as described in Section 7 above) free and clear of all liens and encumbrances (or, if the Company does not own such automobile at the time of termination, then the Company shall arrange for the purchase, for the benefit of the Executive, of a similar make, model and year of automobile).
Automobile Benefit. Employee shall receive automobile benefits starting 30 days after the closing of an offering or offerings to investors of equity securities of the Employer with a combined aggregate value of at least $10,000,000 since June 24, 2011. At that time, employee will receive up to $1,000 automobile benefit per month.
Automobile Benefit. The Companies shall provide Executive with the automobile of his choice not to exceed $1,500 per month for the lease or finance payments. Company shall also provide such expenses associated with the automobile including but not limited to insurance, gas, repairs and maintenance.
Automobile Benefit. Throughout the Term, Executive shall be entitled to the exclusive use of a company car of such type and quality as the Company deems reasonable for Executive’s position. The Company shall replace such company car from time to time with new vehicles, such that the company car provided for Executive’s use shall not be older than three (3) years. All expenses of maintenance, operation, insurance and other like expenses shall be paid by the Company or reimbursed by the Company to Executive.
Automobile Benefit. Executive will be eligible to participate in SunGard’s Corporate Company Car Policy with a level of benefits that is consistent with that of other executives at Executive’s level. Executive will receive a car allowance which will be $1030.00 per month, subject to required withholding for income and employment taxes.
Automobile Benefit. Company shall provide an automobile (including replacements thereof) of Employee’s choice for Employee’s use on terms at least as favorable to Employee as provided immediately prior to the Effective Date. If the automobile is leased, then, except as provided in the following sentence, Company shall allow Employee, at Employee’s option, to acquire title to such leased automobile at the completion of the lease term by Employee paying at such time the residual payment then owing under the lease. If Employee’s employment terminates for any reason other than Cause, then, in addition to any payments and benefits that may be provided to Employee pursuant to Article 4 of the Agreement:
Automobile Benefit. Executive’s Company automobile benefit consisting of lease payments and insurance shall continue through June 30, 2007; provided, however, that for the period July 1, 2006 through December 31, 2006, the Executive shall advance such all payments, which shall be reimbursed by the Company, with interest at the WFB Prime Rate from the date paid, no later than thirty days after Executive has submitted appropriate documentation consistent with the Company’s requirements with respect to reporting and documenting such expenses (but in no event shall payment be required prior to January 10, 2007). For the period January 1, 2007 through June 30, 2007, the Company shall reimburse such expenses promptly after they are incurred. Effective July 1, 2007, Executive may either assume the lease obligation on the car, or return it to the Company which will then accept all further responsibility. Executive agrees that usage of the vehicle will be consistent with his historical practices.
Automobile Benefit. For a period of two (2) years commencing on the Effective Date and continuing through and including December 31, 2000, the Company shall maintain the Automobile Benefit in full force and effect for the continued benefit of the Executive and his family.
Automobile Benefit. During the Term the Company will provide an automobile allowance to the Executive in the amount of $1,450 per month.
Automobile Benefit. Executive will continue the use of the automobile owned or leased by the Bank Entities that is currently in use by the Executive during the Term of this Agreement. In addition to providing Executive with the use of the automobile purchased by the Bank Entities, the Bank Entities shall reimburse Executive for all reasonable automobile related expenses incurred by him in the performance of his duties.
