Common use of Airplane Clause in Contracts

Airplane. During the Employment Period, in addition to the other compensation payable under Paragraph 4 of the Agreement, the Executive shall be eligible to use the Company’s aircraft, without reimbursement for up to one hundred and twenty (120) hours of personal use in each calendar year. In the event that the Executive exceeds one hundred and twenty (120) hours of personal use in the applicable calendar year, the Executive shall reimburse the Company for such personal use in accordance with the applicable Company policy regarding airplane usage and the Executive’s Aircraft Time Sharing Agreement with the Company, dated as of August 23, 2011.

Airplane. During the Employment Period, in addition to the other compensation payable under Paragraph 4 of the this Agreement, the Executive shall be eligible to use the Company’s aircraftCompany Entities’ aircrafts, without reimbursement for up to one hundred and twenty twenty-five (120125) hours of personal use in each calendar year. In the event that the Executive exceeds one hundred and twenty twenty-five (120125) hours of personal use in the applicable calendar year, the Executive shall reimburse the applicable Company Entity for such personal use in accordance with the applicable Company Entity policy regarding airplane usage and the Executive’s Aircraft Time Sharing Agreement with the Companya Company Entity, dated as of August 23, 2011.