Company Vehicle Policy Sample Clauses

Company Vehicle Policy. Employees shall not operate a Company vehicle without first reading and acknowledging the Company vehicle policy contained in this Agreement of which, a copy shall be placed in each vehicle.
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Company Vehicle Policy. The Company will consider offering the sales consultant a Company vehicle at the discretion of the Company management. The Company will pay for normal maintenance. The deductible amount, when applicable, is the individualís responsibility. A Company vehicle will be offered to qualified sales consultants who have completed the probationary period and are performing at minimum sales standard level. The cost of carrying and insuring the vehicle will be funded through a pack on sales vehicles delivered by each sales consultant until 120 vehicles have been delivered in each calendar year. These costs are made up of interest charges by GMAC which fluctuates with the money market and the cost of insurance subject to the deductible chosen. The insurance deductible, at this time, January 1, 2007, is $2,500. The Company vehicle is considered part of the compensation pay plan of a salesperson, having a value ranging between $500 and $1,000 monthly. A taxable benefit will be assessed in accordance with income tax laws and reflected on your pay stub. The monthly cost for insurance for a deductible of $2,500 would be for comprehensive and collision coverage, and subject to change as per insurance rates, are presently as follows. In an attempt to continue in providing this privilege of a Company vehicle, a Company Vehicle pack has been established. The minimum pack of $100 or half of one percent (.005), whichever is the greater, is multiplied by the inventory cost of all retail new and certified used sold units. The commission would then be calculated on the balance of the gross. The sales consultant is responsible in selling his assigned Company vehicle while on the road. As a guide, six (6) months and/or 10,000 kms, is when the Company vehicle is parked and is more aggressively offered for sale. The Company will then review if another vehicle is to be assigned. No more than two Company vehicles are to be assigned. A minimum sales fee of $200 will apply if market condition dictates a minimum sales gross.
Company Vehicle Policy. This Clause shall be read in conjunction with the CSO Company Motor Vehicle Policy particularly its provisions with regard to safe driving, servicing, logbook maintenance, and private use including by other immediate family members, and for interstate travel on the advice and consent of the Employee's Immediate Manager, which shall not be unreasonably denied. The immediate Manager will review this Policy with the employee on receipt of a Company provided vehicle, and a signed compliance undertaking obtained.
Company Vehicle Policy. ‌ All employee-owners who drive/use a company vehicle shall be familiar with and abide by the Company Vehicle Policy, a copy of which will remain in each company vehicle at all times.

Related to Company Vehicle Policy

  • Vehicle Insurance You shall, at your own expense, maintain business motor vehicle liability insurance (“Vehicle Insurance”), including coverage for loading and unloading Equipment and hired motor vehicle physical damage insurance, covering owned, non-owned, hired and rented vehicles, including utility vehicles such as trailers. Coverage for physical damage shall include “comprehensive” and “collision” coverage. We shall be named as an additional insured with respect to the liability coverage, and as a loss payee with respect to the physical damage coverage. The Vehicle Insurance shall also include coverage for pollution caused by any vehicles. The Vehicle Insurance shall provide not less than $1,000,000 in combined single limits liability coverage and actual cash value for physical damage and shall provide that said insurance is primary coverage with respect to all insureds, the limits of which must be exhausted before any obligation arises under our insurance.

  • Title Insurance Policy In all cases, the Seller undertakes to remove any encumbrance that will materially interfere with the procurement of a title insurance policy or financing necessary for the purchase of the Property, whether the same is included in the above enumeration or not. Further, the Seller undertakes to, in good faith, cooperate with and assist the Buyer fully in obtaining a title insurance policy. The Seller shall be obligated to take all legal and reasonably necessary action in order to procure such title insurance policy but shall not incur any additional liability in relation thereto. If the title to the Property is not in a condition that is compliant with the above, if the Seller fails or refuses to comply with the Seller’s obligations under this section, or if the Parties are unable to obtain a title insurance policy, the Buyer may, in the Buyer’s sole discretion, accept the title as it is and proceed with the purchase under this Agreement, or terminate this Agreement and recover the Xxxxxxx Money, costs incurred in relation to this Agreement and .

  • Applicable Policy (b) When providing the Services, the HSP will meet the Performance Standards and conditions identified in Schedule D and any applicable Project Funding Agreements.

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Schedule of Underlying Insurance Policies If Umbrella or Excess policy is evidenced to comply with minimum limits, a copy of the Underlying Schedule from the Umbrella or Excess insurance policy may be required.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

  • Applicable Policies In using the device, the Student is subject to and must comply with District’s Board of Education Policies, Authorization for Internet Access Student Policy and Student Handbook Policies addressing student discipline, harassment/bullying, and acceptable use of electronic network/technology and their associated administrative procedures and regulations. A violation of any of these policies could result in loss of network privileges, loss of right to use the device, or appropriate discipline, up to and including suspension or expulsion. Expectations

  • Delinquent Child Support Obligations A child support obligor who is more than 30 days delinquent in paying child support and a business entity in which the obligor is a sole proprietor, partner, shareholder, or owner with an ownership interest of at least 25 percent is not eligible to receive payments from state funds under an agreement to provide property, materials, or services until all arrearages have been paid or the obligor is in compliance with a written repayment agreement or court order as to any existing delinquency. The Texas Family Code requires the following statement: “Under Section 231.006, Texas Family Code, the vendor or applicant certifies that the individual or business entity named in this contract, bid, or application is not ineligible to receive the specified grant, loan, or payment and acknowledges that this contract may be terminated and payment may be withheld if this certification is inaccurate.”

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

  • Fair Use Policy Betty Blocks has a fair use policy in relation to accessing and using the Services. For the purpose of this fair use policy, Client may not vary from the average in a disproportionate manner, having regard to the amount of CPU power, data storage and data traffic used by Client. In such event, Betty Blocks is entitled to temporarily limit or restrict access to the Services and/or require that Client to purchase additional Services, such as extra storage capacity.

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