Common use of Benefits Allowance Clause in Contracts

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an aggregate allowance of $20,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month of each calendar year, provided that you are employed with the Company on such date.

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an aggregate allowance of $20,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly quarterly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month January 1, April 1, July 1 and October 1 of each calendar year, provided that you are employed with the Company on such date.

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an aggregate allowance of $20,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month of each calendar year, provided that you are employed with the Company on such date.

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, ,the Company shall provide you with an aggregate allowance of $20,000.00 50,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly quarterly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month January 1, April 1, July 1 and October 1 of each calendar year, provided that you are employed with the Company on such date.

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an aggregate allowance of $20,000.00 50,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month of each calendar year, provided that you are employed with the Company on such date.

Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an aggregate allowance of $20,000.00 25,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal monthly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following the first day of each month of each calendar year, provided that you are employed with the Company on such date.