Examples of Perquisite Allowance in a sentence
By executing this Agreement, Executive shall be entitled to receive a perquisite allowance in the amount of $20,000 per year (the “Perquisite Allowance”), for each year that (a) Executive remains designated by the Committee as eligible to receive the Perquisite Allowance and (b) DPL continues to make the Perquisite Allowance available to executive-level employees of the Company.
The Perquisite Allowance will not be deemed “compensation,” as that term is defined under any of the Plans, nor under any other plan, practice, program or policy of the Company or any of its affiliates, as in effect from time to time.
The Perquisite Allowance for years after 2006 shall be paid to Executive as soon as practicable after the Committee designates Executive as eligible to receive the Perquisite Allowance for that year.
Executive has been designated by the Committee as eligible to receive the Perquisite Allowance for 2006.
The Perquisite Allowance for 2006 shall be paid as soon as practicable after the Effective Date.
The following table is a breakdown of all other compensation included in the “Summary Compensation Table” for the named executive officers: Name Antonio Carrillo 2017 $ — $ — $ — $ 113,205 (3) $ 113,205 Scott Beasley 2017 — — 11,714 — 11,714 Kerry Cole 2017 31,000 — 18,967 — 49,967 Jesse Collins 2017 — — 16,200 — 16,200 Reid Essl 2017 — — 19,536 — 19,536 (1) Represents the amounts payable pursuant to the Executive Perquisite Allowance.
Matching contributions under the Supplemental Plan are discussed under “Nonqualified Deferred Compensation”.Base salary, the Executive Perquisite Allowance, and annual incentive compensation in 2017 represented from 0 percent to 52 percent of the named executive officers’ total compensation as reflected in the “Summary Compensation Table”.
Notwithstanding any provision herein to the contrary, upon such a Termination pension benefits under any Retirement Plan based on "Average Final Compensation" will be calculated applying the rate of one year's Full Pay and the Executive's Annual Flexible Perquisite Allowance for each year in the Compensation Period.
The Perquisite Allowance is not intended to cover personal use of the Company’s aircraft.
Specifically, the Perquisite Allowance is to be used at the discretion of the executive for (i) expenses related to the use of executive’s personal automobile for business purposes and for the first 10,000 business miles, (ii) country club, health club, dinner or luncheon club, or airport club dues and fees, and (iii) other perquisite type expenses such as financial planning, income tax preparation and home security.