Common use of Company Car Clause in Contracts

Company Car. During the Term, Executive shall be entitled to the use of an automobile supplied by Employer. The automobile shall be of a size and quality mutually agreed upon by the parties and consistent with the make and quality of the automobile used by the Executive on the date hereof. The Employer shall make a new automobile available for the use of the Executive no less frequently than every three years.

Appears in 3 contracts

Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc), Employment Agreement (First Capital Bank Holding Corp)

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Company Car. During the Term, Executive shall be entitled to the use of an automobile supplied by Employer. The automobile shall be of a size and quality mutually agreed upon by the parties and consistent with the make and quality of the automobile used by the Executive on the date hereof. The Employer , and Executive shall make not be required to use such vehicle for a new automobile available for period to exceed three years from the use of the Executive no less frequently than every three yearspurchase date.

Appears in 1 contract

Samples: Employment Agreement (First Capital Bank Holding Corp)

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Company Car. During the Term, Executive shall be entitled to the use of an automobile supplied by Employer. The automobile shall be of a size and quality commensurate with his position and mutually agreed upon by the parties and consistent with the make and quality of the automobile used by the Executive on the date hereof. The Employer shall make a new automobile available for the use of , and the Executive no less frequently than every shall not be required to use such vehicle for a period to exceed three years(3) years from the date of purchase.

Appears in 1 contract

Samples: Employment Agreement (Coastal Banking Co Inc)

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