Common use of Timing of Reimbursements and In-kind Benefits Clause in Contracts

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxxx Xxxxxx X. Xxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, GVP Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxxxxxx Xxxx Xxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 1920: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, GVP Human Resources and & Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Xxxxx Rogbrant Xxxxx Rogbrant Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Xxxxx Xxxxxxx Xxxxx Xxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, CEO Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, GVP Human Resources and Sustainability

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Per Skytt Per Skytt Veoneer, Inc. Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, AutolivVeoneer, Inc. For purposes of Section 10(c), 11(a) and 19: AutolivVeoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Xxxxxxxxx Xxxxxxxxx Xxxxxxxxx Xxxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, AutolivVeoneer, Inc. For purposes of Section 10(c), 11(a) and 19: AutolivVeoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive Appointee is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the ExecutiveAppointee’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the ExecutiveAppointee, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive Appointee to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxx X. Xxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Chairman of Section 10(c), 11(a) the Compensation Committee and 19: AutolivLead Director Veoneer, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and SustainabilityXxxxxxxx

Appears in 1 contract

Samples: Agreement (Veoneer, Inc.)

Timing of Reimbursements and In-kind Benefits. If the Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement and if such payments or reimbursements are includible in the Executive’s federal gross taxable income, the amount of such expenses payable or reimbursable in any one calendar year shall not affect the amount payable or reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. The right to any reimbursement for expenses incurred or provision of in-kind benefits is limited to the lifetime of the Executive, or such shorter period of time as is provided with respect to each particular right to reimbursement in-kind benefits pursuant to the preceding provisions of this Agreement. No right of the Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. benefit [The remainder of this page is blank] IN WITNESS whereof this Agreement has been executed the day and year first above written. /s/ Xxxxxx X. Xxxx Xxxxxxxx Xxxxxx X. Xxxx Xxxxxxxx Veoneer, Inc. /s/ Xxx Xxxxxxx Xxx Xxxxxxx Chairman and CEO, Autoliv, Inc. For purposes of Section 10(c), 11(a) and 19: Autoliv, Inc. /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx GVP, Human Resources and SustainabilityXxxxxxx

Appears in 1 contract

Samples: Employment Agreement (Veoneer, Inc.)

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