Leased Automobile the Executive is entitled to elect to purchase the automobile leased by the Corporation, and designated for his use, at the Effective Date for the then current residual option price of the automobile. The Executive will bear all sales and other tax costs and any other costs and taxes which may be associated with any such transfer.
Leased Automobile. A leased Buick, Cadillac, Continental or comparable automobile of United States manufacture for his business and personal use. The Company shall keep such automobile adequately insured and will pay or reimburse the Executive for the cost of maintenance, repair and gasoline for such automobile.
Leased Automobile. Employee shall be entitled to a Company-provided leased automobile for personal use, the make and model of which shall be comparable to the Company-provided leased automobile in Employee's possession on the Effective Date of this Agreement. In the event that Employee has no Company-provided leased automobile on the Effective Date, Employee shall be entitled to a Company-provided leased automobile for personal use, the make and model of which shall be mutually agreed upon by the Company and the Employee. Throughout the Initial Term and Renewal Terms, if any, all expenses for routine maintenance, repair and insurance, the Employee's rights and obligations regarding replacement leased automobiles and the tax treatment of the automobile as a fringe benefit to Employee shall be governed by the Company's standard practices, policies and procedures in effect from time to time.
Leased Automobile. During the Employment Period, Executive shall be entitled to a Company-provided leased automobile for personal use, the make and model of which be comparable to the Company-provided leased automobile in Executive’s possession on the Agreement Date. Throughout the Employment Period, all expenses for routine maintenance, repair and insurance, Executive’s rights and obligations regarding replacement leased automobiles and the tax treatment of the automobile as a fringe benefit to Executive shall be governed by the Company’s standard practices, policies and procedures in effect from time to time.
Leased Automobile. The Company shall pay for, or reimburse Executive for the cost of, a leased automobile during the Term, in an amount not to exceed $600 per month. In addition, the Company shall reimburse Executive for insurance, gasoline and reasonable maintenance expenses in connection with such leased automobile.
Leased Automobile. You shall be entitled to a company-provided leased automobile for personal use, the make and model of which shall be comparable to the company-provided leased automobile in your possession on the effective date of this agreement. All expenses for routine maintenance, repair and insurance, your rights and obligations regarding replacement leased automobiles and the tax treatment of the automobile as a fringe benefit to you shall be governed by the Company’s standard practices, policies and procedures in effect from time to time.
Leased Automobile. Commencing on the Date of Termination, Xxxxxxxx shall have use of a leased Mercedes 500 SEL, the lease of which expires October 20, 1996. Such lease cost is $1575.01 per month. At the expiration of such lease, Xxxxxxxx shall have the option to purchase this vehicle for the value established in the lease document.
Leased Automobile. In consideration of the Executive's relinquishment of her right to take 11 weeks of accrued vacation, and in lieu of her receipt of payment for such benefit, the Company shall lease an automobile for the Executive's exclusive use during the term of this Agreement. The obligation under such lease to be paid by the Company shall not exceed $800.00 per month, provided, however, that the Company shall be responsible for payment for the insurance and maintenance of, and the consumption of fuel by, the automobile.
Leased Automobile. The Company shall provide Executive during the Employment Term with a leased automobile similar to the vehicle provided to Employee at the commencement of this Agreement.
Leased Automobile. Effective upon the Termination Date, the Company will assign to Xx. Xxxxxxxx the automobile lease related to Xx. Xxxxxxxx’x current automobile and will pay Xx. Xxxxxxxx an additional amount equal to the aggregate lease payments for the remainder of the lease term, which expires on August 22, 2009 (such amount referred to as the “Lease Amount”). If the Company is not permitted to assign the automobile lease, then Xx. Xxxxxxxx will return the automobile to the Company and the Company will pay Xx. Xxxxxxxx the Lease Amount.
