Common use of Car Clause in Contracts

Car. 2.5.1. The Company provides Executive with a Company car (the "Company Car"), as determined by the Company at its sole discretion, with all maintenance and usage expenses paid by the Company, subject to Company's policy and with Executive to bear any and all liability and costs in relation to traffic, parking and other fines and any damage or other costs not covered by the Company Car insurance policy, including self-participation fee. 2.5.2. Executive shall take good care of the Company Car and undertakes not to allow others to use the Company Car, except for members of his immediate family and employees of the Company approved by the Company. 2.5.3. Executive shall act in accordance with applicable law, the Company Car policy and any insurance policy applicable to the Company Car, all as in effect from time to time. 2.5.4. The Company shall bear all taxes associated with this car benefit under any applicable law. 2.5.5. Executive shall return the Company Car, and any keys thereto, to the Company no later than the termination date of his employment or at any other time as directed. Executive shall have no rights of lien with respect to the Company Car. 2.5.6. The receipt of this car benefit is in place of any travel expenses to which Executive would otherwise be entitled at law.

Appears in 2 contracts

Sources: Employment Agreement (Vishay Intertechnology Inc), Employment Agreement (Vishay Intertechnology Inc)

Car. 2.5.1. 2.5.1 The Company provides the Executive with a Company car (the "Company Car"), as ) determined by the Company at its sole discretion, with all maintenance and usage expenses paid by the Company, Company subject to Company's policy and with the Executive to bear any and all liability and costs in relation to traffic, parking and other fines and any damage or other costs not covered by the Company Car insurance policy, including self-participation fee. 2.5.2. 2.5.2 The Executive shall take good care of the Company Car and undertakes undertake not to allow others to use the Company Car, except for members of his immediate family and employees of the Company approved by the Company. 2.5.3. 2.5.3 The Executive shall act in accordance with applicable law, the Company Car policy and any insurance policy applicable to the Company Car, all as in effect from time to time. 2.5.4. 2.5.4 The Company shall bear all taxes associated with this car benefit under any applicable law. 2.5.5. 2.5.5 The Executive shall return the Company Car, and any keys thereto, to the Company no later than the termination date of his employment or at any other time as directed. The Executive shall have no rights of lien with respect to the Company Car. 2.5.6. 2.5.6 The receipt of this car benefit is in place of any travel expenses to which the Executive would otherwise be entitled at law.

Appears in 2 contracts

Sources: Employment Agreement (Vishay Precision Group, Inc.), Employment Agreement (Vishay Precision Group, Inc.)

Car. 2.5.13.5.1. The Company provides the Executive with a Company car (the "Company Car"), as ”) determined by the Company at its sole discretion, with all maintenance and usage expenses paid by the Company, Company subject to Company's ’s policy and with the Executive to bear any and all liability and costs in relation to traffic, parking and other fines and any damage or other costs not covered by the Company Car insurance policy, including self-participation fee. 2.5.23.5.2. The Executive shall take good care of the Company Car and undertakes undertake not to allow others to use the Company Car, except for members of his immediate family and employees of the Company approved by the Company. 2.5.33.5.3. The Executive shall act in accordance with applicable law, the Company Car policy and any insurance policy applicable to the Company Car, all as in effect from time to time. 2.5.43.5.4. The Company shall bear all taxes associated with this car benefit under any applicable law. 2.5.53.5.5. The Executive shall return the Company Car, and any keys thereto, to the Company no later than the termination date of his employment or at any other time as directed. The Executive shall have no rights of lien with respect to the Company Car. 2.5.63.5.6. The receipt of this car benefit is in place of any travel expenses to which the Executive would otherwise be entitled at law.

Appears in 1 contract

Sources: Employment Agreement (Vishay Precision Group, Inc.)

Car. 2.5.1. The Company provides the Executive with a Company car (the "Company Car"), as ) determined by the Company at its sole discretion, with all maintenance and usage expenses paid by the Company, Company subject to Company's policy and with the Executive to bear any and all liability and costs in relation to traffic, parking and other fines and any damage or other costs not covered by the Company Car insurance policy, including self-participation fee. 2.5.2. The Executive shall take good care of the Company Car and undertakes undertake not to allow others to use the Company Car, except for members of his immediate family and employees of the Company approved by the Company. 2.5.3. The Executive shall act in accordance with applicable law, the Company Car policy and any insurance policy applicable to the Company Car, all as in effect from time to time. 2.5.4. The Company shall bear all taxes associated with this car benefit under any applicable law. 2.5.5. The Executive shall return the Company Car, and any keys thereto, to the Company no later than the termination date of his employment or at any other time as directed. The Executive shall have no rights of lien with respect to the Company Car. 2.5.6. The receipt of this car benefit is in place of any travel expenses to which the Executive would otherwise be entitled at law.

Appears in 1 contract

Sources: Employment Agreement (Vishay Precision Group, Inc.)

Car. 2.5.1. 2.5.1 The Company provides the Executive with a Company car (the "Company Car"), as ”) determined by the Company at its sole discretion, with all maintenance and usage expenses paid by the Company, Company subject to Company's ’s policy and with the Executive to bear any and all liability and costs in relation to traffic, parking and other fines and any damage or other costs not covered by the Company Car insurance policy, including self-participation fee. 2.5.2. 2.5.2 The Executive shall take good care of the Company Car and undertakes undertake not to allow others to use the Company Car, except for members of his immediate family and employees of the Company approved by the Company. 2.5.3. 2.5.3 The Executive shall act in accordance with applicable law, the Company Car policy and any insurance policy applicable to the Company Car, all as in effect from time to time. 2.5.4. 2.5.4 The Company shall bear all taxes associated with this car benefit under any applicable law. 2.5.5. 2.5.5 The Executive shall return the Company Car, and any keys thereto, to the Company no later than the termination date of his employment or at any other time as directed. The Executive shall have no rights of lien with respect to the Company Car. 2.5.6. 2.5.6 The receipt of this car benefit is in place of any travel expenses to which the Executive would otherwise be entitled at law.

Appears in 1 contract

Sources: Employment Agreement (Vishay Precision Group, Inc.)