Perquisite Allowance. By executing this Agreement, Executive shall be entitled to receive a perquisite allowance in the amount of $20,000 per year (the “Perquisite Allowance”), for each year that (a) Executive remains designated by the Committee as eligible to receive the Perquisite Allowance and (b) DPL continues to make the Perquisite Allowance available to executive-level employees of the Company. Executive has been designated by the Committee as eligible to receive the Perquisite Allowance for 2006. The Perquisite Allowance for 2006 shall be paid as soon as practicable after the Effective Date. The Perquisite Allowance for years after 2006 shall be paid to Executive as soon as practicable after the Committee designates Executive as eligible to receive the Perquisite Allowance for that year. The Perquisite Allowance will not be deemed “compensation,” as that term is defined under any of the Plans, nor under any other plan, practice, program or policy of the Company or any of its affiliates, as in effect from time to time.
Perquisite Allowance. In addition to regular salary, the Corporation will pay a perquisite allowance of $12,000 per year. These funds are to be used at the discretion of the employee.
Perquisite Allowance. The Company will pay to the Executive a perquisite allowance equal to $25,000 per year during the Term (the “Perquisite Allowance”), to cover the costs of leasing, insuring and maintaining an automobile and other travel expenses, professional dues as well as other perquisites, to be paid in accordance with the Company’s normal payroll practices.
Perquisite Allowance. If immediately prior to the Date of Termination or the Change in Control the Company was paying the Executive a cash allowance in lieu of a company-provided car, cell phone usage, club membership or other perquisites (a “Perquisite Allowance”), then, on March 1 of the calendar year following the calendar year in which the Date of Termination occurs, the Company shall pay the Executive, if s/he is then surviving, an amount equal to 24 times the average monthly Perquisite Allowance the Company was paying the Executive immediately prior to the Date of Termination or, if more favorable to the Executive, immediately prior to the Change in Control.
Perquisite Allowance. During the Employment Term, the Company will provide the Executive with an annual perquisite allowance of $15,000.
Perquisite Allowance. During the Term, be entitled to an annual cash perquisite allowance of $15,000.
Perquisite Allowance. During the Term, the Company will also provide the Executive with a monthly perquisite allowance equal to Cdn$1,000 per month (the “Perquisite Allowance”), to cover the costs of leasing, insuring and maintaining an automobile, professional dues, as well as other perquisites (including club dues), to be paid in accordance with the Company’s normal payroll practices.
Perquisite Allowance. The Company will provide Executive with a perquisite allowance of $25,000 per year after Executive begins working for the Company, paid on a pro-rata basis in Executive’s bi-weekly paychecks, which already includes a grossed-up amount for taxes at the 45 percent tax rate. (The term “grossed up” as used in this Agreement refers to a payment to Executive that, after reduction for any income or excise taxes due, is equal to the net amount payable.)
Perquisite Allowance. You will also continue to be eligible for a perquisite allowance of US$12,000 per year as well as a complete annual medical examination.
Perquisite Allowance. During the Term, Executive shall further be entitled to receive a perquisite allowance equal to $2,500 per month (the “Perquisite Allowance”). The Perquisite Allowance shall be paid in accordance with the Company’s customary payroll practices, as in effect from time to time, but no less often than monthly.
