Automobile Lease Allowance. During the Initial Term of Employment, eLoyalty will, at eLoyalty's sole discretion, pay to Employee or directly to the applicable automobile leasing company ("Auto Lessor"), the net amount of Seven Hundred and Fifteen United States Dollars (US$715) per month to be applied against Employee's monthly payments required for Employee's lease of an automobile (the "Leased Automobile") in the U.S ("Automobile Lease") until January 31, 2004 ("Automobile Lease Expiration Date"). In addition to the foregoing, eLoyalty has paid directly to the Auto Lessor, a one-time lease acquisition payment ("Acquisition Payment") of One Thousand Dollars (US$1,000), which covers the costs of acquiring the necessary registration and license plates to operate the Leased Automobile in the U.S. as well as other related local governmental fees charged. In no event shall eLoyalty be responsible for reimbursing or paying Employee or Auto Lessor any other associated costs of operating such Leased Automobile (e.g. gasoline, car insurance, repairs and maintenance, renewal registration, vehicle stickers, etc.) - Consistent with Section (I)(b) (General Relocation Rules), all such monthly lease payments under this Paragraph 6(a) will cease immediately if eLoyalty terminates Employee for Serious Misconduct or Employee resigns at any time prior to the Automobile Lease Expiration Date, and Employee will be solely responsible for all payments due under the Automobile Lease after the date of such termination or resignation and the Buy-Out Payment described below shall not be made.. In such event, Employee will indemnify and hold harmless eLoyalty (and its subsidiaries, parent and sister companies and their agents, employees, officers and directors) from any and all liabilities, costs and expenses (included, but not limited to, attorney's fees) arising in connection with any claims by the Auto Lessor or any third parties against eLoyalty for such payments due under the Automobile Lease after the date of such termination or resignation. - If Employee is terminated by eLoyalty for any reason other than for Serious Misconduct prior to the Automobile Lease Expiration Date, eLoyalty will, at its sole discretion, either reimburse Employee, or pay to the Auto Lessor, for all monthly payments remaining under the Automobile Lease from Employee's date of termination to the Automobile Lease Expiration Date, provided that at eLoyalty's request, Employee will fully cooperate with eLoyalty in negotiating the earl...
Automobile Lease Allowance. Executive shall be entitled during the Term of his employment to an automobile lease allowance in the amount of $1,000 per month for which the Company will enter into a lease agreement including the initial down payment. All fuel and other costs of the leased automobile not in connection with Company travel shall be the sole responsibility of Executive.
Automobile Lease Allowance. The Company shall provide the Executive with a monthly automobile lease allowance in the amount of $500 and shall reimburse the Executive for all reasonable expenses related to the operation of his vehicle, including maintenance, fuel costs and insurance.
