Certain Fringe Benefits. During the period of employment hereunder for each day that the Employee is required to travel to the offices of the Company or Bank he shall be provided with a per diem living expense allowance to cover the cost of lodging and meals of $125. In addition, the Company will provide Employee with the use of the 2004 GMC Denali presently used by him through June 30, 2006, and thereafter Employee shall be reimbursed for mileage at the standard rate applicable to employees of the Company and Bank while traveling on Company or Bank business.
Certain Fringe Benefits. For each month during the Transition Period with respect to which Executive makes himself available to provide services, Executive (and, to the extent covered immediately prior to the date of termination, his spouse and dependents) will continue to be covered under the Company’s group health program (which for purposes hereof, includes medical, executive medical, dental, vision and life insurance benefits). Such continuation coverage will be provided at the same cost to Executive during the Transition Period as in effect immediately prior to the Transition Period. Executive shall not be entitled to any other fringe benefits during the Transition Period, including without limitation, the reimbursement of any country club dues or car allowance; and
Certain Fringe Benefits. During the period of his employment hereunder, the Company will (i) provide Employee with the use of a new American-made automobile of Employee's choice (and replace such automobile every two years or 50,000 miles, whichever first occurs), maintained, insured, and equipped at the Company's expense (subject to a $50.00 per month charge to Employee for personal use of the automobile); (ii) subject to Employee's insurability, obtain and pay the premiums on a whole life policy on Employee's life in the amount of $1,500,000, which policy shall be owned by Employee; and (iii) pay or reimburse to Employee 100% of the dues, fees (but not the initiation fees), assessments and minimums at one golf club of which Employee is presently a member.
Certain Fringe Benefits. During the term of Employment:
Certain Fringe Benefits. During the period of his employment hereunder, Employer will (i) provide Employee with the use of an automobile (subject to a $50.00 per month charge to Employee for personal use of the automobile) in accordance with Employer's policy (executive level) as the same maybe changed from time to time by Employer (and Employee acknowledges receipt of a
Certain Fringe Benefits. During the period of his employment hereunder, the Company will provide a per diem reimbursement to Employee for each day he is in Manistique, Michigan during the term of this Agreement to cover Employee's living expenses, in the amount of at least One Hundred Dollars ($100.00) per day, not to exceed One Thousand Dollars ($1,000.00) in any calendar month, subject however, to upward adjustment with the consent of the Company on which shall not unreasonably be withheld, in the event the Employee demonstrates his reasonable ordinary living expenses, including housing and meals, exceeds such per diem amount. In addition, the Company will provide Employee with the use of the 2004 GMC Denali presently used by him.
Certain Fringe Benefits. During the period of his employment hereunder, the Company will provide Employee with the use of a new American-made automobile of Employee's choice (and replace such automobile every two years or 50,000 miles, whichever first occurs), maintained, insured, and equipped at the Company's expense (subject to a $50.00 per month charge to Employee for personal use of the automobile). The Employee's selection shall be approved by the Compensation Committee of the Board.
Certain Fringe Benefits. During the period of his employment hereunder, the Company will:
Certain Fringe Benefits
