Common use of Travel Privileges Clause in Contracts

Travel Privileges. Upon termination of the Executive’s employment for any reason, voluntary or involuntary, with or without Cause, the Company shall provide the Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $15,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Transition and Separation Agreement (Republic Airways Holdings Inc)

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Travel Privileges. Upon termination of If (A) the Company terminates the Executive’s employment for any reasonreason other than for Cause at any time or (B) if the Executive’s employment terminates for any reason on or after December 31, voluntary or involuntary2013, with or without Causethen in either such event during each year of the Executive’s lifetime, the Company shall provide the Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $15,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable tax withholding taxes associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

Travel Privileges. Upon termination of the Executive’s employment for any reason, voluntary or involuntary, with or without Cause, the Company shall provide the I/3481492.12 Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $15,000 20,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

Travel Privileges. Upon termination of the Executive’s employment for any reason, voluntary or involuntary, with or without Cause, the Company shall provide the I/3516069.4 Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $15,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

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Travel Privileges. Upon termination of If (A) the Company terminates the Executive’s employment for any reasonreason other than for Cause at any time or (B) if the Executive’s employment terminates for any reason on or after December 31, voluntary or involuntary2013, with or without Causethen in either such event during each year of the Executive’s lifetime, the Company shall provide the Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $15,000 20,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable tax withholding taxes associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

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