Common use of Vehicle Clause in Contracts

Vehicle. Pursuant to the Company's policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 6 contracts

Samples: Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp)

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Vehicle. Pursuant to the Company's policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c5(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 5 contracts

Samples: Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause pursuant to Section 4(a) or by the Executive voluntarily pursuant to Section 5(c4(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at the Company’s book value of the vehicle as of such date.

Appears in 2 contracts

Samples: Transition Employment Agreement (Spectrum Brands Holdings, Inc.), Employment Agreement (Spectrum Brands Holdings, Inc.)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by executives, Executive shall be provided with the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause pursuant to Section 4(a) or by the Executive voluntarily pursuant to Section 5(c4(f), Executive shall be permitted to drive his the Company vehicle for the duration of the 12-month twelve (12)-month period following termination; termination and at the end of such 12-month twelve (12)-month period, Executive will be permitted to purchase his the Company vehicle at the Company’s book value of the vehicle as of such datethe date of purchase.

Appears in 2 contracts

Samples: Employment Agreement (SB/RH Holdings, LLC), Employment Agreement (Spectrum Brands Holdings, Inc.)

Vehicle. Pursuant to the Company's policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c4(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 2 contracts

Samples: Employment Agreement (Spectrum Brands, Inc.), Employment Agreement (Rayovac Corp)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by executives, Executive shall be provided with the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause pursuant to Section 4(a) or by the Executive voluntarily pursuant to Section 5(c4(d), Executive shall be permitted to drive his the Company vehicle for the duration of the 12-month period following termination; termination and at the end of such 12-month period, Executive will be permitted to purchase his the Company vehicle at the Company’s book value of the vehicle as of such datethe date of purchase.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Brands Holdings, Inc.)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c4(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Brands Holdings, Inc.)

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Vehicle. Pursuant to the Company's policy for use of vehicles by executives, Executive shall be provided with the use of a leased vehicle. Unless the Executive's employment is terminated by the Company for Cause pursuant to Section 4(a) or by the Executive voluntarily pursuant to Section 5(c4(e), Executive shall be permitted to drive his the Company vehicle for the duration of the 12-month twelve (12)-month period following termination; termination and at the end of such 12-month twelve (12)-month period, Executive will be permitted to purchase his the Company vehicle at the Company's book value of the vehicle as of such date.the date of purchase. 

Appears in 1 contract

Samples: Employment Agreement (SB/RH Holdings, LLC)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by top executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c5(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Brands, Inc.)

Vehicle. Pursuant to the Company's ’s policy for use of vehicles by executives, Executive shall be provided the use of a leased vehicle. Unless the Executive's ’s employment is terminated by the Company for Cause or by the Executive pursuant to Section 5(c5(d), Executive shall be permitted to drive his Company vehicle for the duration of the 12-month period following termination; at the end of such 12-month period, Executive will be permitted to purchase his Company vehicle at book value as of such date.

Appears in 1 contract

Samples: Employment Agreement (Spectrum Brands, Inc.)

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