Common use of Automobile Benefit Clause in Contracts

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.

Appears in 2 contracts

Samples: Employment Agreement (MobileBits Holdings Corp), Employment Agreement (MobileBits Holdings Corp)

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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 $1,000 500 automobile benefit per month.

Appears in 1 contract

Samples: Employment Agreement (MobileBits Holdings Corp)

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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 MBHC with a combined aggregate value of at least $10,000,000 since June 24, 2011the Commencement Date. At that time, employee will receive up to $1,000 500 automobile benefit per month.

Appears in 1 contract

Samples: Employment Agreement (MobileBits Holdings Corp)

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