Executive Vehicle Program. During Employee’s employment under this Agreement, the Employee will also be eligible to participate in the Company’s executive vehicle program, subject to all of its terms, regarding a vehicle with a lease cost to the Company no greater than that afforded to other similarly situated executive officers of the Company, with auto liability insurance coverage (comprehensive, collision and liability) for the leased vehicle paid by the Company and all routine and necessary repairs to the leased vehicle paid for by the Company or reimbursed to the Employee, subject to approval by the Chief Financial Officer of the Company.
Executive Vehicle Program. During his employment under this Agreement, the Employee will also be eligible to participate in the Company’s executive vehicle program, subject to all of its terms, regarding a vehicle with a lease cost to the Company no greater than $1,000 per month, with auto liability insurance coverage (comprehensive, collision and liability) for the leased vehicle paid by the Company and all routine and necessary repairs to the leased vehicle paid for by the Company or reimbursed to the Employee, subject to approval by the Chief Financial Officer of the Company.
Executive Vehicle Program. During Metaldyne’s 2006 fiscal year and, subject to review and approval by the Compensation Committee of the Board (the “Compensation Committee”), during the remainder of the Term of Employment, Executive shall be entitled to participate in Metaldyne’s Executive Vehicle Program, as such program exists on the date of this Agreement. Executive acknowledges that some portion of his personal use of the automobile will represent additional personal income to him and will be reported to him as such.
Executive Vehicle Program. In accordance with the terms of the Company’s Executive Car Program, on the Separation Date the Executive may purchase the vehicle then provided to him under that Program. If the Executive elects not to purchase that vehicle, the Executive will return it to the Company on the Separation Date unless under the terms of the sale of the Business the Buyer assumes the Company’s obligations with respect to that vehicle.
Executive Vehicle Program. The Employee will also be eligible to receive a monthly vehicle allowance of $1,000 per month or, at his option, a leased vehicle which the Company will arrange pursuant to its Executive Lease Auto Program which includes routine maintenance, Insurance and repairs to such leased vehicles .
Executive Vehicle Program. After your Departure Date, you will have the opportunity to purchase your vehicle pursuant to the terms of the Executive Vehicle Program.
Executive Vehicle Program. During Employee’s employment under this Agreement, Employee will be provided a car allowance of $1,000.00 per month, with all expenses and insurance to be paid by Employee. Otherwise, the Company’s normal expense reimbursement policy applies.
