Electric Vehicle Allowance. The Corporation will pay to the Executive an electric vehicle allowance, in accordance with the Corporation’s policies in effect from time to time, provided that the Executive has furnished evidence of the Executive’s purchase or lease of an electric vehicle that is satisfactory to the Corporation. For 2022, the allowance will be established at USD$2,500 per month.
Electric Vehicle Allowance. The Corporation shall provide the Executive an electric vehicle allowance, in accordance with the Corporation’s policies in effect from time to time, provided that the Executive has furnished evidence of the Executive’s purchase or lease of an electric vehicle that is satisfactory to the Corporation. For 2023, the allowance will be established at USD$2,500 per month (being USD$1,153.85 per bi-weekly paycheck). The electric vehicle allowance shall be paid in Canadian dollars, less applicable statutory deductions and withholdings (including without limitation with respect to income taxes) and other lawful and applicable amounts, in accordance with the Corporation’s standard payroll practices and schedule in effect from time to time. The conversion of USD to CAD amounts for payroll processing shall be calculated by the Corporation based on a current exchange rate for USD to CAD selected by the Corporation in its discretion prior to the date of payment.
Electric Vehicle Allowance. The Corporation shall provide the Executive an electric vehicle allowance, in accordance with the Corporation’s policies in effect from time to time, provided that the Executive has furnished evidence of the Executive’s purchase or lease of an electric vehicle that is satisfactory to the Corporation. For 2024, the allowance will be established at USD$2,500 per month. The electric vehicle allowance shall be paid in CHF, less applicable statutory deductions and withholdings (including without limitation with respect to income taxes) and other lawful and applicable amounts, in accordance with the Corporation’s standard payroll practices and schedule in effect from time to time. The conversion of USD to CHF amounts for payroll processing shall be calculated by the Corporation based on a current exchange rate for USD to CHF selected by the Corporation in its discretion prior to the date of payment.
Electric Vehicle Allowance. The Corporation shall provide the Executive an electric vehicle allowance, in accordance with the Corporation’s policies in effect from time to time, provided that the Executive has furnished evidence of the Executive’s purchase or lease of an electric vehicle that is satisfactory to the Corporation. For 2024, the allowance will be established at USD$2,500 per month. The electric vehicle allowance shall be paid in Canadian dollars, less applicable statutory deductions and withholdings (including without limitation with respect to income taxes) and other lawful and applicable amounts, in accordance with the Corporation’s standard payroll practices and schedule in effect from time to time. The conversion of USD to CAD amounts for payroll processing shall be calculated by the Corporation based on a current exchange rate for USD to CAD selected by the Corporation in its discretion prior to the date of payment.
