Executive vehicle definition

Executive vehicle or "official vehicle" means a motor vehicle that has been driven exclusively by executives of the parent motor vehicle manufacturer's personnel or by an executive of an authorized dealer in the same make of car, as defined in the Illinois Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505].
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Executive vehicle means a vehicle purchased from the Manufacturer or a sub- sidiary of the Manufacturer and was used by the Manufacturer or its sub- sidiary or the Dealer for the commercial or personal use of their employees. Reference to the Manufacturer herein is for the purpose of explaining gener- ally certain contractual relationships or obligations between the Dealer and the Manufacturer with respect to the motor vehicle.
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Executive vehicle or “official vehicle” means, if so advertised, a vehicle that has been used exclusively by an executive or executives of the dealer franchiser.
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Examples of Executive vehicle in a sentence

  • These include the Executive Supplemental Retirement Income Plan (ESRIP), the Executive Deferred Compensation Plan, the 1985 Stock Option Plan, the Executive Annual Incentive Plan, as adjusted by the Board to address strategic priorities, and the Executive vehicle and parking benefit.

  • The Corporation shall supply the Executive with a motor vehicle suitable for use as an Executive vehicle.

  • In addition, on or before June 30, 2010, the Company will provide Executive with a new motor vehicle suitable for use as an Executive vehicle acceptable to Executive, for business and personal use, throughout the term of this Agreement.

  • During the Term, the Company will provide Executive with a monthly car allowance of Six Hundred Dollars ($600.00) and shall pay or reimburse Executive for the out-of-pocket costs of automobile insurance premiums for the Executive vehicle maintained in Columbus, Ohio.

  • The Employee will also be eligible to participate in the Executive vehicle program and will be provided a vehicle under the lease program with a lease value (at a cost no greater than $1,000.00 per month), auto liability insurance coverage (comprehensive, collision and liability) paid by the Company and all routine and necessary repairs paid for by the Company or reimbursed to Employee subject to approval by the Chief Financial Officer.

  • These currently include the Executive Supplemental Retirement Income Plan, the Executive Deferred Compensation Plan, the 1985 Stock Option Plan, the Executive Annual Incentive Plan, as adjusted by the Board to address strategic priorities, the Executive Supplemental Disability Income Plan, Executive Severance Agreement, Change in Control Severance Agreement, and the Executive vehicle allowance and parking benefit.