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, Oldsmobile, Mercury 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. 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. For a period of 90 days from the date of a Covered Termination, the Company shall continue to make available to the Executive the leased automobile being provided for the Executive by the Company at the date of the Change of Control (or in the case of a successor automobile, such automobile) on the same basis and at the same cost to the Executive, if any, as such automobile is provided on the Termination Date.
Leased Automobile. The Agreement is hereby amended by adding the following sentences to the end of Section 7(a)(vi): “The benefits provided under this Section 7(a)(vi) in any one calendar year shall not affect the amount of benefits to be provided in any other calendar year. Executive’s rights pursuant to this Section 7(a)(vi) shall not be subject to liquidation or exchange for another benefit.”
Leased Automobile. The Company shall provide Executive a fully expensed car up to the amount of $60 000 which shall be acquired by the Company on a three-year lease purchase and transferred to Executive at the end of the lease term without additional payment therefor. The existing car lease on behalf of Executive will be assumed under this Agreement.
