Common use of Travel Privileges Clause in Contracts

Travel Privileges. If (A) the Company terminates the Executive’s employment for any reason other than for Cause at any time or (B) if the Executive’s employment terminates for any reason on or after December 31, 2013, then in either such event during each year of the Executive’s lifetime, the Company shall provide the Executive with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $20,000 annually that the Executive, his spouse and his dependents can use for travel. The Executive shall be responsible for any applicable taxes associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

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Travel Privileges. If (A) the Company terminates Upon termination of the Executive’s employment for any reason other than for Cause at any time reason, voluntary or (B) if the Executive’s employment terminates for any reason on involuntary, with or after December 31, 2013, then in either such event during each year of the Executive’s lifetimewithout Cause, the Company shall provide the Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $20,000 15,000 annually that the Executive, his spouse and I/3516069.4 his dependents can use for travel. The Executive shall be responsible for any applicable taxes tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Transition and Separation Agreement (Republic Airways Holdings Inc)

Travel Privileges. If (A) the Company terminates Upon termination of the Executive’s employment for any reason other than for Cause at any time reason, voluntary or (B) if the Executive’s employment terminates for any reason on involuntary, with or after December 31, 2013, then in either such event during each year of the Executive’s lifetimewithout Cause, the Company shall provide the I/3481492.12 Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $20,000 annually that the Executive, his spouse and his dependents can use for travel. The Executive shall be responsible for any applicable taxes tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

Travel Privileges. If (A) the Company terminates Upon termination of the Executive’s employment for any reason other than for Cause at any time reason, voluntary or (B) if the Executive’s employment terminates for any reason on involuntary, with or after December 31, 2013, then in either such event during each year of the Executive’s lifetimewithout Cause, the Company shall provide the I/3516069.4 Executive during his lifetime with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $20,000 15,000 annually that the Executive, his spouse and his dependents can use for travel. The Executive shall be responsible for any applicable taxes tax withholding associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

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Travel Privileges. If (A) the Company terminates the Executive’s employment for any reason other than for Cause at any time or (B) if the Executive’s employment terminates for any reason on or after December 31, 2013, then in either such event during each year of the Executive’s lifetime, the Company shall provide the Executive with a Universal Air Travel Plan, Inc. (UATP) card in the amount of $20,000 15,000 annually that the Executive, his spouse and his dependents can use for travel. The Executive shall be responsible for any applicable taxes associated with such benefit. The Company will provide the UATP card to the Executive within 30 days of the termination of the Executive’s employment and thereafter each year on the anniversary of such date during the lifetime of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Republic Airways Holdings Inc)

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