Settlement agreement additional clauses — company car

The following Employment precedent provides comprehensive and up to date legal information covering:

  • Settlement agreement additional clauses — company car

[Insert in operative provisions:]

  1. 1

    Company car

    1. 1.1

      [[Option 1 — Company car to be returned:] You will return your company car [insert make and model] (registration number [insert details]), without modification, in a good state of repair and in a clean and satisfactory condition, together with all keys and documentation relating to it to the Employer's premises at [insert details] by no later than [insert date].

    2. OR

    3. 1.1

      [Option 2 — Employee to have use of car for period and then return it:] You will be entitled to have use of your company car [insert make and model] (registration number [insert details]) (‘Car’) solely for personal use within Great Britain until [insert date][ or such earlier date as the Employer may specify by giving not less than seven days’ written notice to you] (‘Return Date’). You will return the

Popular documents