Automobile Benefits. Throughout the Severance Payout Period or Change ------------------- in Control Payout Period, as applicable, the Company shall continue to provide Executive with a company car comparable to the company car provided to Executive at the Date of Termination.
Automobile Benefits. XXXXX shall receive annually an automobile of a make and model of his selection for his use. Provided, however, that any amount of expenditure in excess of that proscribed as an ordinary and necessary business expense by the Internal Revenue Service shall be deducted from the base salary as set out above. XXXXX shall have the option of accepting a cash disbursement equal to the amount set out above for the use of his private automobile. In addition, XXXXX shall receive reimbursement for all reasonable and necessary expense necessary for the maintenance and upkeep of said automobile including repairs, gasoline, oil and insurance.
Automobile Benefits. Throughout the Severance Payout Period or Change -------------------- in Control Payout Period, as applicable, Tuboscope shall continue to pay to Executive the monthly car allowance payable to Executive as of the Date of Termination, payable on the regular payroll basis in effect for car allowances.
Automobile Benefits. EXECUTIVE shall have the option to receive annually an automobile of a make and model of his selection for his use, beginning on the third anniversary of the signing of this agreement. Should the EXECUTIVE not exercise this option, EXECUTIVE will be entitled to a monthly automobile allowance of $500 per month, indexed to inflation. Provided, however, that any amount of expenditure in excess of that proscribed as an ordinary and necessary business expense by the Internal Revenue Service shall be deducted from the base salary as set out above. EXECUTIVE shall have the option of accepting a cash disbursement equal to the amount set out above for the use of his private automobile. In addition, EXECUTIVE shall receive reimbursement for all reasonable and necessary expense necessary for the maintenance and upkeep of said automobile including repairs, gasoline, oil, and insurance.
Automobile Benefits. Company shall provide Executive with a leased luxury class vehicle or substantially similar car during the Term and Renewal Term, if any, or an allowance of $1,000 per month which can be used for lease or purchase payments, insurance and running costs.
Automobile Benefits. In addition, all Options, if any, shall vest on the date of such termination. Employee shall also receive, through the date of termination, such Vacation Benefits accrued but unpaid through such date. All other benefits shall cease on the date of termination of employment. Should Employee terminate the Term other than for Company's Material Breach, such termination shall be treated as a termination by the Company for Employee's Material Breach.
Automobile Benefits. Subject to Company’s standard policies and procedures as in effect from time to time, Company shall provide Executive with a monthly vehicle allowance of $400.00 and shall reimburse Executive for reasonable fuel costs.
Automobile Benefits. The Employee shall be entitled to an automobile or automobile allowance in accordance with the terms of the Bank’s automobile policy at a level commensurate with the Employee’s position as Executive Vice President.
Automobile Benefits. Throughout the Severance Payout Period or Change of Control Payout Period, as applicable, Varco shall continue to (i) provide to Executive an automobile and fuel card, or (ii) pay to Executive a monthly car allowance payable on a regular payroll basis and provide a fuel card, as applicable, based on what was as in effect as of the Date of Termination.
Automobile Benefits. The Company shall provide the Executive with the use of an automobile of the Executive's choice, and shall pay all operating expenses incurred in the use of such automobile. The Company shall continuously maintain an automobile liability policy for the automobile with coverage in the minimum amount of $1,000,000 combined single limit on bodily injury and property damage. The Company hereby agrees to replace such automobile at the request of the Executive with a new automobile of the Executive's choice; provided, however, the Company shall not be obligated to replace such automobile more often than once every two (2) years.
