Car Allowance definition

Car Allowance has the meaning ascribed to it in section "4.6" hereinbelow;

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Car Allowance. Two Hundred Thirty Dollars, Seventy-Seven cents ($230.77) payable bi-weekly totaling six thousands ($6000) per year. This amount is to cover all expenses related in automobile business travel. If Horndasch voluntarily resigns ▇▇ ▇▇ ▇▇rminated for "cause," at the option of the Company, Horndasch forfeits any amounts ▇▇▇▇ ▇▇▇ be due under this Agreement as of his termination date or which may become due thereafter which are not required to be paid out according to Illinois law. In case of Horndasch's death, any amounts owed, including salary will be payable to his estate. In the event that Horndasch's employment is terminated "without cause" by HEALTHSTAR, Horndasch shall receive a 90-▇▇▇ ▇▇▇▇ten notice of termination of employment and shall be compensated according to the terms of this agreement during this period.

Car Allowance has the meaning ascribed to it in section "4.7" hereinbelow;

Examples of Car Allowance in a sentence

• The Car Allowance shall equal 4% of the Executive’s Base Salary, less applicable withholding and other deductions, and shall be divided into equal payments and paid on the same basis as the Corporation’s payroll.

• The Company will reimburse employees (not covered by the Car Allowance Policy) for use of their personal car the IRS allowable rate per mile* for that portion of any trip that occurs while the employee is being paid for work time.

• Employees directed by the Company to use their personal car for travel between work locations during the workday or for other authorized Company business shall be paid either the IRS allowable rate per mile* or, as determined by the Company, a monthly car allowance as set forth in the Car Allowance Policy for AT&T Mobility.

• The Corporation shall provide the Executive with an annual car allowance (the "Car Allowance"), which shall be applied to the purchase or lease of a vehicle.

• The Car Allowance shall equal 4% of the Executive's Base Salary, less applicable withholding and other deductions, and shall be divided into equal payments and paid on the same basis as the Corporation's payroll.

More Definitions of Car Allowance

Car Allowance. Consistent with other executive officers of Ptek, you will be entitled to a car allowance of $1,000 per month in addition to your other cash compensation.

Car Allowance. You will receive a monthly car allowance of $600 per month. - PAID TIME OFF: You will be eligible to take the following number of paid vacation days per full year of employment: July 1, 2002 - June 30, 2003: 10 days July 1, 2003 - June 30, 2004: 10 days July 1, 2004 - June 30, 2005 and each year thereafter: 15 days Vacation days will accrue on a monthly basis commencing on the first day of employment. You also will be eligible for paid-time-off holidays and personal days recognized by the Company.

Car Allowance. The company shall provide Swift with a monthly car allowance of $400 per month during the term of his employment under this Agreement.

Car Allowance. Executive shall receive an expense allowance of One Thousand and 00/100 dollars ($1,000.00) per month for the cost of operating and maintaining a motor vehicle to assist Executive in rendering services to the Corporation, plus automobile liability insurance with coverage in an amount appropriate to his potential liability. Executive will not be required to submit to the Corporation documentation relating to this automobile allowance. 3.6.4 D & O Insurance: So long as the Corporation or GST provides directors' and officers' liability insurance coverage for the directors and officers of GST and the Corporation generally, the Corporation shall use its best efforts to cause GST to obtain and maintain, at GST's expense, such coverage applicable to Executive. Executive shall not be required to serve in any office of the GST Companies if such coverage is not applicable to his service in such office.

Car Allowance. Three Hundred Dollars ($300.00) per month payable the first two payrolls of each month. This amount is to cover all expenses related to automobile business travel.

Car Allowance. You will receive a monthly car allowance of USD$1,500 gross. This will be paid to you at the end of each month.

Car Allowance. Employee shall receive a monthly car allowance in the sum of $500.00 per month for the use of his automobile on Company business. The Company agrees to reimburse fuel, maintenance, and automobile insurance for employee. Employee acknowledges liability coverage of not less than $300,000.00.