CompUSA 2011 Annual Report Download - page 83
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Full details of the schemes are available from the HR Department.
9.3
The Employee's entitlement to the Bonus will be reviewed annually by the Compensation Committee. If the Company makes the
Bonus payment to the Employee, it shall not be obliged to make or agree subsequent Bonus payments. The Bonus for the portion of
the first and last year of the Appointment shall be prorated.
9.4
The Bonus payment shall not be pensionable.
10
Benefits
10.1
Following the Employee's successful completion of the probationary period set out at clause 2.2, the Employee shall be entitled to
participate in the Company's medical plan and any other insurance or benefit plan or arrangement that is made available for
Company Directors based in the United Kingdom, subject to:
10.1.1
the terms of those schemes, as amended from time to time;
10.1.2
the rules or the insurance policies of the relevant insurance providers, as amended from time to time; and
10.1.3
the Employee satisfying the normal underwriting requirements of the relevant insurance providers of the schemes and
the premiums being at a rate which the Company considers reasonable.
10.2
If the insurance providers refuse for any reason to provide any benefit to the Employee, the Company shall not be liable to provide to
the Employee any replacement benefit of the same or similar kind or to pay any compensation in lieu of such benefit.
10.3
The Company in its sole and absolute discretion reserves the right to discontinue, vary or amend the schemes (including the level of
cover provided to the Employee) at any time on reasonable notice to the Employee.
11
Car allowance
11.1 The Employee shall receive a car allowance of £
1,200 per calendar month which shall be payable together with and in the same
manner as the salary in accordance with clause 7
. The car allowance should be used to cover the Employees car expenses and shall
not be treated as part of the basic salary for any purpose. Any car allowance payment shall not be pensionable.
11.2
By way of an alternative to clause 11.1 the Employee may elect to drive a Company vehicle, which shall be a vehicle of such make,
model and value as is determined by the Company for his sole business use. The Company shall be responsible for payment of all
reasonable standing and running costs of the vehicle including insurance, tax, MOT, maintenance and repair and shall bear the cost
of fuel incurred during business mileage.
11.3
The Company shall replace any car made available to the Employee in accordance with clause 11.2 at such times as are decided by
the Board from time to time. The Employee shall:
11.3.1
take good care of the car and ensure that the provisions of the Company's car policy as amended from time to time and
any policy of insurance relating to the car are observed;
11.3.2
be responsible for payment of all fines incurred for traffic offences and parking fines;