Executive Allowance Clause Samples
The Executive Allowance clause defines the additional compensation or benefits provided to an executive beyond their base salary. This may include a fixed monthly stipend, reimbursement for specific expenses such as travel or housing, or access to certain company resources. Its core practical function is to ensure that executives receive supplemental support to cover costs associated with their role, thereby making the compensation package more competitive and addressing expenses that are unique to executive positions.
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Executive Allowance. You shall participate in the Company’s executive allowance program, and for each calendar year of your employment you shall be entitled to an executive allowance of $50,000.
Executive Allowance. The Executive shall be entitled to an annual ------------------- allowance, not to exceed $4,800 for an automobile and cellular telephone. The Company will pay such amounts as expenses are incurred upon presentation by the Executive of an itemized account of such expense.
Executive Allowance. The Executive will receive a $1,000.00 expense allowance per month for home office and car.
Executive Allowance. During the Employment Period, the Bank shall pay Executive an executive allowance of not less than $1,000 per month to cover other memberships, dues and other miscellaneous expenses that may be incurred by Executive in his sole discretion.
Executive Allowance. During the Employment Period, the Executive shall be entitled to an executive allowance of $40,000 annually.