Corporate Vehicle definition

Corporate Vehicle means a corporation, trust, company service provider and other legal persons in whom PEP has significant or majority share and/or influence. Significant share means where the PEP’s shareholding falls short of majority but the PEP is a key decision maker. Majority share means where the PEP (or his/her close associates combined) owns more than 5% of the entity and as a consequence is a key decision maker. Influence means where the PEP is a member of the Board, a key decision maker or exercises any other form of influence in the decision making of the entity. Corporate vehicle must be accorded the same level of enhanced due diligence as a PEP.
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Corporate Vehicle means any Vehicle other than a Rentable Vehicle or a Salvage Vehicle.
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Corporate Vehicle has the meaning set forth in Section 10.4(a).
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Examples of Corporate Vehicle in a sentence

  • Corporate Vehicle ----------------- Employee will be provided a corporate vehicle (and all associated expenses) commensurate with his executive position.

  • Corporate Vehicle ----------------- Employee will be provided a corporate vehicle (and all associated expenses) commensurate with her executive position.

  • Corporate Vehicle ----------------- Employee will be provided a corporate vehicle (and all associated expenses) commensurate with her executive position (e.g., a Lexus GS400 or equivalent).

  • Employee will be covered for all reasonable business expenses as outlined in the Corporate Vehicle Allowance Policy to be established.

  • Corporate Vehicle ----------------- Employee will be provided a vehicle expense allowance of $455.00 (Four Hundred Fifty-Five Dollars) per month.

  • Local Authority Local Authority Corporate Vehicle Manage Develop Public-Private JV HM Treasury Participant A Participant B In this example the public sector participant provides access to intellectual property and some staff and services, and the private sector participant provides complementary skills and financial resources.