Company Car. On or prior to the end of the Transition Period, Executive may purchase for her personal use the vehicle which the Company has been leasing for her (such date of purchase, the Transfer Date). Upon payment to the Company by Executive of the depreciated value of the vehicle, the Company will arrange for the transfer of title to Executive effective as of the Transfer Date. Executive shall be responsible for all applicable taxes and transfer title fees. Executive acknowledges and agrees that as of the Transfer Date the Company shall no longer insure or maintain the vehicle.
Company Car. On or prior to the Separation Date, Employee may purchase for her personal use the vehicle which the Company has been leasing for her (such date of purchase, the Transfer Date). Upon payment to the Company by Employee of the depreciated value of the vehicle, the Company will arrange for the transfer of title to Employee effective as of the Transfer Date. Employee shall be responsible for all applicable taxes and transfer title fees. Employee acknowledges and agrees that as of the Transfer Date the Company shall no longer insure or maintain the vehicle.
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