Automobile Allowance definition

Automobile Allowance shall have the meaning set forth in Section 4(e) below.

Automobile Allowance. The Bank shall pay the Executive the sum of Seven Hundred Fifty Dollars ($750) per month on a semi-monthly basis as and for expenses to cover all costs of use, maintenance, repair, upkeep, fuel, cleaning and operation of his automobile (except mileage costs incurred to travel to locations outside of the Reno service area) used in the course and scope of his employment.

Automobile Allowance. The Bank shall provide Employee with an automobile allowance of $1,000 per month as per Bank policy. However, at the sole discretion of the Board of Directors and/or the Bank’s Chief Executive Officer, the Bank reserves the right to change or eliminate this benefit at any time.

Examples of Automobile Allowance in a sentence

The Board of Directors (or a committee thereof), in its discretion, may increase the Automobile Allowance based upon relevant circumstances.
Miller to Fill Each Such Vacancy and Appointing Him City Engineer Effective the Same and Fixing His Salary and Automobile Allowance and Bond.
The City acknowledges that Administrative Instruction 4403 – Automobile Allowance (AI 4403) provides for reimbursement of parking fees while conducting City business using a privately owned vehicle.
During the Employment Term, the Executive shall receive an automobile allowance (the “Automobile Allowance”) of $1,100 per month less applicable taxes, payable in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Automobile Allowance will accrue.
In such event, upon the Termination Date, the Company shall pay to the Executive a lump sum payment equal to the Salary and Automobile Allowance (at the rate in effect as of the Termination Date) payable during the period from the Termination Date through the Expiration Date.

Automobile Allowance is defined in section 5(a). ------------

Automobile Allowance. Executive shall receive an automobile allowance in the amount of $600.00 per month.

Automobile Allowance. The Company shall pay Employee an automobile allowance of $600 per month. The cost of the automobile and all expenses for the operation (including insurance) and maintenance of the automobile shall be paid by Employee.

Automobile Allowance. It is recognized by the parties to this Agreement that the Board will pay a two hundred and fifty dollar ($250.00) automobile allowance monthly to cover all mileage traveled by the Superintendent on School District business.

Automobile Allowance. We will pay you an annual automobile allowance of $6,000, payable in monthly installments of $500, to reimburse you for expenses you may incur for the business use of your personal automobile.

Automobile Allowance as defined under the Compensation section of the Agreement is hereby amended in its entirety to read as follows: Effective January 1, 2005 and throughout the Term of this Agreement, the Company will pay Executive an automobile allowance in the amount of $1,125.00 per month. Such automobile allowance shall be for no more than one automobile and shall include all expenses related thereto, including, without limitation, lease expenses, maintenance and insurance.