Common use of Timing of Reimbursements and In-kind Benefits Clause in Contracts

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Per Skytt Per Skytt Veoneer, Inc. Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, AutolivVeoneer, Inc. For purposes of Section 10(c), 11(a) and 19: AutolivVeoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxx Xxxxxxx Xxxxxx Xxxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, CEO Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive Appointee is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the ExecutiveAppointee’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the ExecutiveAppointee, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive Appointee to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Chairman of Section 10(c), 11(a) the Compensation Committee and 19: AutolivLead Director Veoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and SustainabilityXxxxxxxx

Appears in 1 contract

Samples: Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. Upon signing this “Agreement”, the Severance Agreement between the Executive and the Company signed on March 30, 2005 shall be cancelled and be void. The provisions of this Agreement shall not waive or terminate any rights to indemnification Executive may have under the Company’s Restated Certificate of Incorporation, Restated Bylaws or the Indemnification Agreement between the Executive and the Company signed on June 29, 2018. (signatures on following page) IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Svante Mogefors Autoliv, Inc. For purposes of Section 10(c)Xxxxxx Xxxxx President and CEO Xxxxxx Xxxx EVP, 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and SustainabilityResources

Appears in 1 contract

Samples: Employment Agreement (Autoliv Inc)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. benefit [The remainder of this page is blank] IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxx Rogbrant Xxxxx Rogbrant Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP GVP, Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx X. Xxxx Xxxxxx Xxxxxxx X. Xxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP GVP, Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Xxxx Xxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 1920: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and & Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxxxx Xxxxxxxxx Xxxxxxxxx Xxxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, AutolivVeoneer, Inc. For purposes of Section 10(c), 11(a) and 19: AutolivVeoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxxxx Xxxxx Xxxxxxxx GVP Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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