Common use of Corporate Aircraft Clause in Contracts

Corporate Aircraft. Subject to the needs of the business, the Key ------------------ Executive shall be entitled to personal use of corporate aircraft for three trips per year without geographic restriction, and unlimited reasonable personal use of corporate aircraft within the Xxxx Atlantic footprint. The Key Executive shall be responsible for the payment of taxes on imputed income attributable to personal use of corporate aircraft, except that, whenever the Key Executive uses corporate aircraft for business purposes and is accompanied by an immediate family member whose use of corporate aircraft results in the imputation of income to the Key Executive, the Company shall pay the Key Executive additional cash compensation in an amount sufficient to allow the Key Executive to pay taxes on (i) such additional compensation, plus (ii) the income imputed to the Key Executive because of such family member's use of corporate aircraft.

Corporate Aircraft. Subject to the needs of the businessThe Key Executive and his immediate ------------------ family shall use Xxxx Atlantic corporate aircraft for all business and personal travel, except that the Key ------------------ Executive shall be entitled to personal may use commercial aircraft where use of corporate aircraft for three trips per year without geographic restriction, and unlimited reasonable personal use of corporate aircraft within the Xxxx Atlantic footprintis not practical. The Key Executive shall be responsible for the payment of taxes on imputed income attributable to personal use of corporate aircraft, except that, whenever the Key Executive uses corporate aircraft for business purposes and is accompanied by an immediate family member whose use of corporate aircraft results in the imputation of income to the Key Executive, the Company shall pay the Key Executive additional cash compensation in an amount sufficient to allow the Key Executive to pay taxes on (i) such additional compensation, plus (ii) the income imputed to the Key Executive because of such family member's use of corporate aircraft.