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Common use of Executive Auto Clause in Contracts

Executive Auto. During the Term of Employment, the Executive will participate in the Executive Automobile Program of the Company, and may elect to be provided a Company-leased automobile or receive a monthly automobile allowance in accordance with the terms of said program. The Executive acknowledges that participation in this program will result in the receipt of additional taxable income.

Appears in 3 contracts

Samples: Employment Agreement (Estee Lauder Companies Inc), Employment Agreement (Estee Lauder Companies Inc), Employment Agreement (Estee Lauder Companies Inc)

Executive Auto. During the Term of Employment, the Executive will participate in the Executive Automobile Program of the Company, Company and may elect to be provided a Company-leased automobile or will receive a monthly automobile allowance in accordance with the terms of said program. The Executive acknowledges that participation in this program will result in the receipt of additional taxable income.

Appears in 1 contract

Samples: Employment Agreement (Estee Lauder Companies Inc)