Common use of Executive Allowance Clause in Contracts

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.

Appears in 2 contracts

Sources: Employment Agreement (Homestore Com Inc), Employment Agreement (Homestore Com Inc)