Common use of Leased Automobile Clause in Contracts

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. the Executive is entitled to elect to purchase the automobile leased by the CorporationCompany, 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. the Executive is entitled to elect to purchase the automobile leased by the CorporationCompany, and designated for his use, at the Effective Date of Termination 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.