Common use of Transportation Stipend Clause in Contracts

Transportation Stipend. During the Term, the Executive shall be entitled to a stipend of $750.00 each month to cover expenses associated with transportation, including leasing or owning an automobile; provided, however, that the Executive shall properly account therefor on his federal and applicable state tax returns and related documentation in accordance with the requirements for federal income tax deductibility and the Company's policies and procedures.

Appears in 2 contracts

Samples: Employment Agreement (Simmons Co /Ga/), Employment Agreement (Simmons Co /Ga/)

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Transportation Stipend. During the Term, the Executive shall be entitled to a stipend of $750.00 each month to cover expenses associated with transportation, including leasing or owning an automobile; provided, however, that the Executive shall properly account therefor on his her federal and applicable state tax returns and related documentation in accordance with the requirements for federal income tax deductibility and the Company's policies and procedures.

Appears in 1 contract

Samples: Employment Agreement (Simmons Co /Ga/)

Transportation Stipend. During the Term, the Executive shall be entitled to a stipend of $750.00 1,000.00 each month to cover expenses associated with transportation, including leasing or owning an automobile; provided, however, that the Executive shall properly account therefor on his federal and applicable state tax returns and related documentation in accordance with the requirements for federal income tax deductibility and the Company's ’s policies and procedures.

Appears in 1 contract

Samples: Employment Agreement (Simmons Co)

Transportation Stipend. During the Termterm of his employment hereunder, the Executive shall be entitled to a stipend of $750.00 1,000 each month to cover expenses associated with transportation, including leasing or owning an automobile; providedPROVIDED, howeverHOWEVER, that the Executive shall properly account therefor on his federal and applicable state tax returns and related documentation in accordance with the requirements for federal income tax deductibility and the Company's policies and procedures.

Appears in 1 contract

Samples: Employment Agreement (Simmons Co /Ga/)

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Transportation Stipend. During the Term, the Executive shall be entitled to a stipend of $750.00 750 each month to cover expenses associated with transportation, including leasing or owning an automobile; provided, however, that the Executive shall properly account therefor on his federal and applicable state tax returns and related documentation in accordance with the requirements for federal income tax deductibility and the Company's ’s policies and procedures.

Appears in 1 contract

Samples: Employment Agreement (Simmons Co)

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