Monthly Automobile Allowance. During the period of your employment with the Company, you will receive either an automobile owned or leased by the Company or a monthly automobile allowance, as reasonably determined by the Company, which automobile or allowance will be at least equivalent (i.e., the same make and model, or equivalent value thereof) to that which KLX Inc. is currently providing to you. To the extent that the Company elects to provide a monthly automobile allowance, such allowance will be paid in accordance with Company policy, but in any event, no later than on a monthly basis in arrears.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.), Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.), Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.)
