Common use of Executive Vehicle Program Clause in Contracts

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.

Appears in 7 contracts

Samples: Employment Agreement (Mannatech Inc), Employment Agreement (Mannatech Inc), Employment Agreement (Mannatech Inc)

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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.

Appears in 1 contract

Samples: Employment Agreement (Mannatech Inc)

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Executive Vehicle Program. During EmployeeExecutive’s employment under this Agreement, the Employee Executive 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 Companyluxury class vehicle, 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 EmployeeExecutive, subject to approval by the Chief Financial Officer of the Company.

Appears in 1 contract

Samples: Employment Agreement (Mannatech Inc)

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