Common use of Performance-Enhancing Items Clause in Contracts

Performance-Enhancing Items. Executive shall be entitled to receive from the Company (a) an annual car allowance up to ten thousand dollars ($10,000.00) per annum, and (b) reimbursement by the Company for home office expenses, including, without limitation, the purchase and maintenance of a home computer with linkup facilities to the Company, a home facsimile, printer and scanner, interconnection of two telephone or cable connections to the Internet, laptop computer, portable mobile phone, together with any charges for the use thereof. To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxable, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to Executive.

Appears in 4 contracts

Samples: Employment Agreement (Cryptyde, Inc.), Employment Agreement (Cryptyde, Inc.), Employment Agreement (Cryptyde, Inc.)

AutoNDA by SimpleDocs

Performance-Enhancing Items. Executive shall be entitled to receive from the Company (a) an annual car allowance up to ten thousand dollars ($10,000.00) per annum, and (b) reimbursement by the Company for home office expenses, including, without limitation, the purchase and maintenance of a home computer with linkup facilities to the Company, a home facsimile, printer and scanner, interconnection of two telephone or cable connections to the Internet, laptop computer, portable mobile phone, together with any charges for the use thereof. To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxable, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Esports Entertainment Group, Inc.)

Performance-Enhancing Items. Executive shall be entitled to receive from the Company (a) an annual car allowance up to ten thousand dollars Twelve Thousand Dollars ($10,000.0012,000.00) per annum, and (b) reimbursement by the Company for home office expenses, including, expenses including without limitation, limitation the purchase and maintenance of a home computer with linkup facilities to the Company, a home facsimile, printer and scanner, interconnection of two telephone or cable connections to the Internet, laptop computer, portable mobile phone, together with any charges for the use thereof. To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxableincome, then the Company shall, on or before June 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Brooklyn Cheesecake & Desert Com)

AutoNDA by SimpleDocs

Performance-Enhancing Items. Executive shall be entitled to receive from the Company (a) an annual car allowance up to ten thousand dollars Twelve Thousand Dollars ($10,000.0012,000.00) per annum, and (b) reimbursement by the Company for home office expenses, including, expenses including without limitation, limitation the purchase and maintenance of a home computer with linkup facilities to the Company, a home facsimile, printer and scanner, interconnection of two telephone or cable connections to the Internet, laptop computer, portable mobile phone, together with any charges for the use thereof. To the extent that any and all such reimbursements or payments by the Company are includable in Executive’s gross income and taxableincome, then the Company shall, on or before June April 1 of the year after the payment is made, pay the Tax Effect thereof to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Stakool, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!