Common use of Corporate Aircraft Clause in Contracts

Corporate Aircraft. Executive and his immediate family shall be entitled to use Company aircraft for all business and reasonable personal travel, except that Executive shall use commercial aircraft (first class for international flights and domestic flights in excess of 2 hours; business class for all other flights) where use of Company aircraft is not practical. Executive shall be responsible for the payment of taxes on imputed income attributable to personal use of Company aircraft, except that, whenever Executive uses Company aircraft for business purposes and is accompanied by an immediate family member whose use of Company aircraft results in the imputation of income to Executive, the Company shall pay Executive additional cash compensation in an amount sufficient to allow Executive to pay taxes on (i) such additional compensation, plus (ii) the income imputed to Executive because of such family member's use of Company aircraft.