Common use of Personal Computer Clause in Contracts

Personal Computer. The Bank shall purchase a portable laptop computer for ▇▇▇▇▇▇▇▇▇▇’▇ exclusive use during the term of his employment with the Bank. ▇▇▇▇▇▇▇▇▇▇ shall return said computer to the Bank upon the termination of his employment with the Bank. Upon the termination of his employment hereunder, ▇▇▇▇▇▇▇▇▇▇ may purchase said computer at the depreciated book value of the computer calculated on the effective date of his termination.

Appears in 1 contract

Sources: Employment Agreement (First California Financial Group, Inc.)

Personal Computer. The Bank shall purchase a portable laptop computer for ▇▇▇▇▇▇▇▇▇▇'▇ exclusive use during the term of his employment with the Bank. ▇▇▇▇▇▇▇▇▇▇ shall return said computer to the Bank upon the termination of his employment with the Bank. Upon the termination of his employment hereunder, ▇▇▇▇▇▇▇▇▇▇ may purchase said computer at the depreciated book value of the computer calculated on the effective date of his termination.

Appears in 1 contract

Sources: Employment Agreement (National Mercantile Bancorp)