Examples of Automobile Benefits in a sentence
During such 30-day period, the Bank shall not allow the Employee’s participation in any Employee Benefits to lapse and shall continue to provide the Employee with the Automobile Benefits described in subsection 4(b), reimbursement of professional and club dues and the cost of continuing education or professional development.
During such 30-day period, the Bank shall not allow the Employee’s participation in any Employee Benefits to lapse and shall continue to provide the Employee with the Automobile Benefits described in subsection 4(d), reimbursement or payment of professional and club dues, and the cost of the Employee’s continuing legal education requirements as described in subsection 4(c).
For purposes hereof, "Automobile Benefits" shall include a $500 per month allowance to defray automobile expenses and costs.
However, during such thirty (30) day period, the Bank shall not allow the Employee's participation in any Employee Benefits to lapse and shall continue to provide the Employee with the Automobile Benefits described in Section 4(d), reimbursement or payment of professional and club dues, and the cost of the Employee's continuing legal education requirements.
The automobile benefits set forth in Section 4.2 of this Agreement, and the option, exercisable by Executive at any time prior to the end of the period set forth below in this Section 5.2.3.6, to purchase the Group-provided automobile at a price equal to the greater of (a) the depreciated value as carried on the books of Group as of the date of purchase, or (b) eighty percent (80%) of the wholesale value of the automobile as of the date of purchase ("Automobile Benefits").
During such 30-day period, the Bank shall not allow the Employee's participation in any Employee Benefits to lapse and shall continue to provide the Employee with the Automobile Benefits described in subsection 4(d), reimbursement or payment of professional and club dues, and the cost of the Employee's continuing legal education requirements as described in subsection 4(c).
Moreinformation can be found in the "T4130 Employers' Guide - Taxable Benefits and Allowances" and in "GST/HST Memorandum 9.2 Automobile Benefits", available on the CRA website.
Should the Term be terminated by Company by reason of Employee's Material Breach, Employee shall have no right to any further Fixed Annual Compensation from and after termination, or to any Incentive Compensation, Automobile Benefits, or Additional Benefits accruing for the fiscal year of termination or thereafter.
Automobile Benefits for a period of three (3) years from the date of termination.
For more information about this election, seeGST Memorandum 400-3-2-1, Automobile Benefits, or contact any tax services office or tax centre.4.3 When are you considered to have collected GST/HST?You are considered to have collected GST / HST on a taxable benefit subject to GST / HST at the end of February in the year following the year in which you provided the benefit to the employee.