Company Automobile Allowance Sample Clauses

Company Automobile Allowance. During the Employment Period, the Company ---------------------------- shall provide Employee with an automobile allowance at an annualized rate not less than $7,800 payable in equal installments pursuant to the Company's customary payroll policies in force at the time of payment (but in no event less frequently than monthly), less required payroll deductions.
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Company Automobile Allowance. NVI shall, provide to Executive for his ----------------------------- sole use a 1997 BMW model 750 ("Auto"). NVI shall pay all upkeep and maintenance and insurance for Auto. Executive shall have the option to purchase Auto at 40% of the then wholesale Xxxxx Bluebook value in the event that Executive terminates his employment voluntarily or if in the event the Executive's employment is terminated involuntarily NVI shall continue to maintain the Auto until December 31, 1999 at which time Executive shall have the option to purchase Auto at 40% of the then wholesale Xxxxx Bluebook value. If the Termination Benefits referenced in Section 11 are in effect on December 31, 1999, NVI will pay to the Executive a monthly car allowance of $2,000.00 from January 1, 2000 through the end of the Termination period.
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Company Automobile Allowance. NVI shall provide to Executive for his sole use a 1998 Land Rover Sport Utility Vehicle. ("Auto"). NVI shall pay all upkeep and maintenance and insurance for Auto. Executive shall have the option to purchase Auto at 40% of the then wholesale Xxxxx Bluebook value in the event that Executive terminates his employment voluntarily, or after two (2) years of operation, or earlier than two (2) years of operation at the discretion of the Board of Directors. In the event the Executive's employment is terminated involuntarily, NVI shall continue to maintain the Auto until Executive exercises his right to purchase the Auto, or until the end of the Termination Benefit period as described in Section 11.3 , below. If the Executive exercises his right to purchase the vehicle within the Termination Benefits period, NVI agrees to pay Executive the sum of $2,000.00 per month as an Automobile allowance from the date of purchase of the vehicle by the Executive to the end of the Termination Benefits period.
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Related to Company Automobile Allowance

  • Automobile Allowance The Company shall provide the Executive with an automobile allowance in the amount of $1,000.00 per month to be allocated at the Executive’s discretion, or such other monthly amount designated by the Board, and that allowance shall be payable in regular installments in accordance with the Company’s general payroll practices.

  • Company Automobile During the Term, the Company shall provide Executive use of a Company automobile with a lease value of up to One Thousand Five Hundred Dollars and Zero Cents ($1,500.00) per month for Executive’s business or personal use, less any required taxes or withholdings.

  • Automobile The Company agrees to reimburse the Employee up to $750.00 per month, as such amount may be increased from time to time consistent with the Company’s reimbursement policy for the Senior Management of the Company to cover Employee’s expenses in connection with his leasing or ownership of an automobile. Additionally, the Company will pay for the gas used for business purposes. All maintenance and insurance expense for the automobile shall be the responsibility of the Employee.

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.

  • Auto Allowance Executive shall be entitled to an auto allowance for one vehicle for Executive’s use up to $1,000 per month.

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.

  • Automobile Expense When a State-owned vehicle is not available and a supervisor is required to use his/her personal automobile to conduct authorized State business, the Appointing Authority shall reimburse the Supervisor at the then current IRS reimbursement rate for mileage on the most direct route according to Transportation Department records. When a State- owned vehicle is offered and declined by the supervisor, mileage shall be paid at the rate of seven

  • Mileage Allowance The state agrees to seek continued funding to provide for the payment of a mileage allowance for the use of privately owned vehicles for official travel at the rate provided in section 112.061(7)(d)1., F.S.

  • Automobile Expenses The Company shall provide the Executive with an automobile allowance not to exceed $1,000 per month. The Company shall pay all insurance premiums and maintenance for the automobile that is the subject of the automobile allowance.

  • Business Automobile Liability insurance with a combined Bodily Injury/Property Damage limit of not less than $1,000,000 each accident. The policy shall cover liability arising from the operation of licensed vehicles by policyholder.

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