Common use of Automobile Expense Clause in Contracts

Automobile Expense. After the first anniversary of the Effective Date, if $10,000,000 has been raised in the first year after the Effective Date as set forth in Section 6.1 a maximum of $9000, tax-equalized, annually, shall be reimbursed to Executive for automobile expenses that includes the cost of a lease in Executive’s name.

Automobile Expense. After During the Employment Term and after the first anniversary of the Effective Date, if $10,000,000 has been raised in the first year after the Effective Date as set forth in Section 6.1 a maximum of $900012,000, tax-equalized, annually, shall be reimbursed to Executive for automobile expenses that includes the cost of a lease in Executive’s name.

Automobile Expense. After During the Employment Term and after the first anniversary of the Effective Date, if $10,000,000 has been raised in the first year after the Effective Date as set forth in Section 6.1 a maximum of $900016,000, tax-equalized, annually, shall be reimbursed to Executive for automobile expenses that includes the cost of a lease in Executive’s name.