Car Leasing Sample Clauses

Car Leasing. Employee may participate in Company’s car leasing arrangement (the “Lease Arrangement”). In such an event, the Company and Employee shall execute an addendum reflecting the terms of Employee’s lease of the car.

Car Leasing. If stated in Appendix 1 that the Employee is entitled to join the Company's car leasing program, the Company shall deduct the required amounts associated with the leasing and the use of a leased car (the “Leasing Car”) from the Employees Gross Salary. The Employee shall be liable for any income tax liability applicable to his use of the Leasing Car (in addition to bearing the usage cost as mentioned above). It is further clarified that the deduction of the usage cost of the Leasing Car will also reduce the Gross Salary for calculating the social benefits that the Employee is entitled to. The use of the Leasing Car shall be in accordance with the relevant policies and regulations of the Company and according to the terms and conditions as determined by the leasing company. If required by the Company, the employee will execute additional documents with respect to the use of the Leasing Car, including without limitation, the applicable leasing agreement between the Employee and the applicable leasing company indicated by the Company at such time.

Car Leasing. The employee shall have the option to choose upon a car lease limited to a total cost of USD $900 per month.