Car or Car Allowance. 6.1 At the option of the Executive, the company shall provide for the Executive (subject to his being qualified to drive) a motor car suitable for a person of his status, in accordance with the whole terms and conditions of the Company Car Policy as published from time to time.
6.2 The Company may at its option, at any time, elect to pay an appropriate non-pensionable cash sum by way of car allowance, instead of the provision of a car. The rate and full terms of such allowance shall be entirely at the Company’s discretion but will be made in consultation with the Executive and upon giving the Executive reasonable notice. Payment of any such allowance shall be subject to tax and National Insurance deductions and will be made with salary in accordance with the time scales set out in clause 4.1.
Car or Car Allowance. The Employer will provide to the Employee the full time use of a Buick, Pontiac or Mercury car, either owned or leased by the employer, plus provide all insurance, maintenance, gas and oil and all related expenses for the operation of the vehicle which is customary in the banking industry in the primary service area of the Employer.
Car or Car Allowance. 11.1 The Company shall during the term of this Agreement provide the Employee with either a car allowance of £11,500 per annum or a company car the type and model of which will be commensurate with his status for use in the performance of his duties under this Agreement. Where the Employee chooses to have a company car, provision and use of the car shall at all times be in accordance with the Company’s car policy as amended from time to time and shall be dependent upon the Employee being legally able to drive. The Company will pay all costs of road fund licence, insurance premiums and running expenses in respect of the car including fuel, oil, maintenance and repairs.
11.2 The Employee will be permitted reasonable use of the company car for his own private purposes (including use on holidays) but must pay all fuel expenses directly attributable to such use. The Employee will take good care of the car and will observe the terms and conditions of any policy of insurance and all regulations issued from time to time by the Company regarding the use of cars provided to its officers or employees.
11.3 On the termination of his employment under this Agreement for any reason the Employee will immediately return the car, its keys and all documents relating to it to the Company at its principal place of business or as otherwise directed by the Company.
11.4 Where the Employee elects to be paid a car allowance (rather than be provided with a company car) in accordance with clause 11.1 above, the Employee acknowledges that the car allowance is non-pensionable and will be subject to statutory deductions. The car allowance would be paid on the basis that the Employee provides his own car for business and personal use during the continuance of his employment and pays all costs related to it (including licence, insurance, repairs and maintenance), ensures that at all times the car is in the condition required by law and insured for business purposes, indemnifies the Company against all losses suffered in connection with the car which are not covered by insurance and the car used by the Employee is of a type and in a condition suitable for business purposes and commensurate with his status. The Company will, during the term of this Agreement, reimburse the Employee for any fuel expenses wholly and necessarily incurred by him in the performance of his duties at the rate to be determined by the Company subject to the completion and authorisation of a claim form.
Car or Car Allowance. Coda Octopus shall reimburse the Executive $5,000 per annum in lieu of specific reimbursement expenses for use of a personal vehicle or the provision of a vehicle.
Car or Car Allowance. 8.1 To assist him in the performance of his duties under this Agreement, the Company shall provide for the Executive a motor car suitable for a person of his status and shall bear the cost of insuring, testing, taxing, repairing and maintaining the same and shall reimburse the Executive all running expenses of the car properly incurred by him in connection with his duties hereunder and in respect of personal use. Such motor car shall be returned to the Company upon termination of the Executive’s employment under this Agreement.
8.2 Alternatively the Executive may elect to receive a car allowance of £13,000 per annum (subject to income tax and other statutory deductions as required by law). If the Executive elects to receive such car allowance he shall be required to have a car available for use in the course of his employment at all times.
8.3 The provision of a car, or car allowance, under this Clause 8 shall be subject at all times to:
(A) the Executive being qualified to drive;
(B) the Executive taking good care of any car provided; and
(C) the Executive’s compliance with the provisions of any regulations laid down by the Company from time to time as to the use of motor vehicles and of any policy of insurance in force from time to time.
Car or Car Allowance. 6.1 The Company shall provide for the Executive a company car in line with the Company Car Policy in force from time to time.
Car or Car Allowance. The Executive shall be provided with a fully expensed and maintained vehicle. Initially this vehicle shall be a Volvo XC90 which the Executive shall keep in a clean and tidy condition at his own expense, and which shall be available for the reasonable business use by other employees of the Company upon request.
Car or Car Allowance. 6.1 The Company shall provide for the Executive (subject to him being qualified to drive in the UK and holding a current valid driving licence) a company car or non-pensionable car cash allowance. Which of these he receives will be dependent on his predicted business mileage in line with the Company Car Policy in force from time to time.
6.2 Where the Executive has been provided with a company car, the Company may at its option, at any time, elect to pay an appropriate non-pensionable cash sum by way of car allowance, instead of the provision of a car. The rate and full terms of such allowance shall be entirely at the Company’s discretion but will be made in consultation with the Executive Xxxxx Xxx and upon giving the Executive reasonable notice. Payment of any such allowance shall be subject to tax and National Insurance deductions and will be made with salary in accordance with the time scales set out in clause 4.1.
6.3 In the event that the Executive is paid a car cash allowance, this will be a non-pensionable allowance, paid monthly with the Executive’s salary and subject to deductions for income tax and employee National Insurance contributions and will be deemed to include all costs of road fund licence, insurance premiums and running expenses in respect of the car. The value of the car cash allowance will be based on the allowance rates published within the Company Car Policy determined by grade.
6.4 In the event that the Executive is provided with a company car, the Executive will immediately return the car, its keys and all documents relating to it to the Company at a location directed by the Company in the following circumstances:
(a) on termination of this Agreement for any reason; or
(b) if requested by the Company and on reasonable notice to implement a change from the provision of a company car to car cash allowance in accordance with clause 6.2.
Car or Car Allowance. 6.1 The Company shall provide for the Executive (subject to his being qualified to drive) a motor car suitable for a person of his status, in accordance with the Company Car Policy as published from time to time, and shall bear or reimburse all of its costs except fuel costs incurred during holidays outside the UK. The Executive shall take good care of the car, ensure that the car is at all times in a proper state and has a current MOT certificate and that the provisions of any regulations laid down by the Company from time to time as to the use of motor vehicles and of any policy of insurance are observed, and return the car to the Company's principal office immediately upon the termination of his employment.
6.2 The Company may, at any time, offer to pay an appropriate non pensionable cash sum by way of car allowance, instead of the provision of a car. If the Executive accepts such an arrangement, payment of the allowance will be made with salary in accordance with the time scales set out in clause 4.1.
Car or Car Allowance. 8.1 To assist the Executive in the performance of the Executive’s duties under this Agreement, the Company shall provide for the Executive a motor car suitable for a person of the Executive’s status and shall bear the cost of insuring, testing, taxing, repairing and maintaining the same and shall reimburse the Executive all running expenses of the car other than such expenses attributable to personal use. Such motor car and its keys shall be returned to the Company upon termination of the Executive's employment under this Agreement or upon the Executive becoming no longer legally entitled to drive.
8.2 Alternatively the Executive may elect to receive a car allowance of £15,450 per annum (subject to income tax and other statutory deductions as required by law). If the Executive elects to receive such car allowance the Executive shall be required to have a car available for use in the course of the Executive’s employment at all times
8.3 The provision of a car, or car allowance, under this Clause 8 shall be subject at all times to:
(A) the Executive being qualified to drive;
(B) the Executive taking good care of any car provided;
(C) the Executive cooperating with the Company’s reasonable requirements to enable the Company to make, and a satisfactory outcome of, an annual licence check; and
(D) the Executive's compliance with the provisions of any regulations laid down by the Company from time to time as to the use of motor vehicles and of any policy of insurance in force from time to time.
