Executive Automobile Allowance Clause Samples
The Executive Automobile Allowance clause provides a designated executive with a fixed monetary allowance to cover expenses related to the use of a personal or company vehicle for business purposes. Typically, this allowance is paid on a regular basis, such as monthly, and may be intended to cover costs like fuel, maintenance, insurance, and depreciation. By specifying the terms and amount of the automobile allowance, this clause ensures clarity regarding the executive's entitlements and helps avoid disputes over reimbursement for vehicle-related expenses.
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Executive Automobile Allowance. Executive will be eligible to participate in the Company’s executive car program, which includes an allowance of up to $1,500.00 per month (less applicable taxes).
Executive Automobile Allowance. Employee shall be entitled to a monthly automobile allowance of $600 per month which includes in-county mileage. Out-of-county mileage will be reimbursed at Authority-approved rates.